prakyath n (5 Points)
21 October 2022Hi experts,
Are companies allowed to invest in National savings certificate??
As i observed multiple listed companies investing in NSC however certain websites objected on eligibility of investing In NSC for companies
Is there any specific procedure if companies have to invest??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177972 Points)
Replied 21 October 2022
Please note - Hindu Undivided Families, Trusts, Non-resident Indians, Public, and Private limited companies are not allowed to invest in National Savings Scheme.
It may be quite possible that these entities might be holding the investment in the name of any individual.
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