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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 372 of Companies Act, 1956: Investment Limits for Company Shares, Approval Requirements, and Exceptions Explained</h1> Section 372 of the Companies Act, 1956, outlines the regulations for companies investing in shares of other corporations. A company, alone or with subsidiaries, can acquire shares of another company only within specified limits. The Board of Directors can invest up to a prescribed percentage of the equity or paid-up share capital of another company. Investments exceeding these limits require approval from the company's general meeting and the Central Government. Companies must maintain a register of investments and include investment details in balance sheets. Exceptions apply to banking, insurance, and certain private and holding companies. The section ceased to apply after the 1999 amendment.
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