Is there any restricition or additional registration required for a private limited company which wants to invest money in stock market.( shares and in derivatives)
2 Replies
Shenba Associates
(Partner)
(115 Points)
Replied 08 July 2013
No need. As the Company has the power to do if its rely with MOA and AOA.....
CS GK Murty
(Company Secretary)
(225 Points)
Replied 13 July 2013
Where the Main object of the company is Investment in stock/Loan Giving/Hire Purchase etc. and its paid up capital is Rs. 2 Crore and above, it may apply to RBI for granting NBFC(Non-Deposit taking) status; else, the companies act, 1956 empowers the Board under section 292, by passing a resolution to that effect, the company can make investment.
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