Equity Investments – Compliance Requirements
of the puts some restrictions on in . It requires that when an investment is made, it should have prior approval of shareholders via a . For , passing of special resolution is however, not required.
As per, the special resolution should indicate nature, period of investment, amount, and its terms and conditions.
As per regulations of 2017 called, the statement annexed with the notice of special resolution sent to the members with the notice of AGM / EOGM, the company shall disclose various information in the statement annexed to the notice, pursuant to of the Act, of a general meeting called for considering investment decision under section 199 of the Act.
Click here to view these disclosures.