Can a body corporate invest in a partnership firm

By:

RAO, D K PRAHALADA

Material type:

Mixed materialsPublication details: 2012NLM classification:

346.54066

In: CHARTERED SECRETARYMSummary: The companies bill 2011 by clause 186, inter alia, provides that no coampany shall directly or indirectly acquire by way of subscription, purchase or otherwise the securities of any other body corporate exceeding the limits of 60% or 100% of the paid up share capital and free reserves. This provision is identical to the provision in the Act. However, in the bill, the amount in the securities premium account has been addd, in addition to the paid up capital and free reserves for computingthe percentage limits mentioned above. 5

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		42/6	Available		P14348

The companies bill 2011 by clause 186, inter alia, provides that no coampany shall directly or indirectly acquire by way of subscription, purchase or otherwise the securities of any other body corporate exceeding the limits of 60% or 100% of the paid up share capital and free reserves. This provision is identical to the provision in the Act. However, in the bill, the amount in the securities premium account has been addd, in addition to the paid up capital and free reserves for computingthe percentage limits mentioned above. 5

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