TY  - GEN
AU  - RAO, D K PRAHALADA
TI  - Can a body corporate invest in a partnership firm
PY  - 2012///
N2  - 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
ER  -