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    Section 186 Of The Companies Act 2013

    Posted By : Kamal / Published on : 27-Dec-2021 09:23 AM / View : 1154 / Comment : 0

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    Hi All,

    whether we need to check section 186 limit for investment made by a Company in LLP as partners capital ??

    the section states "and acquire by way of purchase, subscription or otherwise, the securities of any other body corporate"

    As it is not a share investment we still have to consider?

    As per my interpretation since LLP is a body corporate and the section says subscription or otherwise, we will have to consider for Limits.

    Please advise
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