This document consist of draft Board resolution, to make temporary investment of funds in any of the Mutual Funds being managed by trust, along with Preamble in editable word format making it handy to use and save time and efforts of a professional.
Chapter: XII
Section: 179(3)
Rule: The Companies (Meetings of Board and its Powers) Rules, 2014
Approximate Time Saving: 30 minutes
This document consist of draft Board resolution, to make temporary investment of funds in any of the Mutual Funds being managed by trust, along with Preamble in editable word format making it handy to use and save time and efforts of a professional.
No Approval of shareholders under section 186 is required for temporary investment of surplus / idle funds in any of the mutual funds being managed by trust although the investment exceeds the limit as specified.
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