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Home Acts & Rules Companies Law Acts Companies Act, 2013 Chapters List Part VII LOANS TO MEMBERS AND INVESTMENTS This
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Section 378ZL - Investment in other companies, formation of subsidiaries, etc. - Companies Act, 2013

Extract

..... 1[Investment in other companies, formation of subsidiaries, etc. 378ZL. (1) The general reserves of any Producer Company shall be invested to secure the highest returns available from approved securities, fixed deposits, units, bonds issued by the Government or co-operative or scheduled bank or in such other mode as may be prescribed. (2) Any Producer Company may, for promotion of its objectives acquire the shares of another Producer Company. (3) Any Producer Company may subscribe to the share c .....

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Section 378ZL - Investment in other companies, formation of subsidiaries, etc. - Companies Act, 2013

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..... he Board of a Producer Company may, with the previous approval of Members by a special resolution, dispose of any of its investments referred to in sub-sections (3) and (4). (7) Every Producer Company shall maintain a register containing particulars of all the investments, showing the names of the companies in which shares have been acquired, number and value of shares; the date of acquisition; and the manner and price at which any of the shares have been subsequently disposed of. (8) The regist .....

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Section 378ZL - Investment in other companies, formation of subsidiaries, etc. - Companies Act, 2013

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