Dear All,
Can anyone put light on the matter that whether Section 25 Company can hold share in any other company?
Thanks in advance.
Preeti Jain (Company Secretary) (139 Points)
13 December 2010Dear All,
Can anyone put light on the matter that whether Section 25 Company can hold share in any other company?
Thanks in advance.
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 13 December 2010
Hi
There is no such restriction on section 25 company on becoming member of another company.
Regards
Syam kamal
(Company Secretary)
(156 Points)
Replied 13 December 2010
| Originally posted by : Ajay Mishra | ||
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Yes… Agree with the learned member
Preeti Jain
(Company Secretary)
(139 Points)
Replied 13 December 2010
Thanks to both Ajay sir and Syam sir.
Please also tell me if there is any restriction on shareholding by other company in Section 25 Company.
Syam kamal
(Company Secretary)
(156 Points)
Replied 13 December 2010
There is no such restriction according to me.
But provision of Section 372A of the Companies Act, 1956 should be kept in mind so far it relates to inter corporate loans and investments
Awaiting for other responses
Preeti Jain
(Company Secretary)
(139 Points)
Replied 14 December 2010
Thanks again for your helpful reply.
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