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Options
- A
Resolution passed in the shareholders meeting
-
Specific Board resolution
Correct answer
- C
As per the Companies Act, a company can invest in any mutual fund scheme as long it is beneficial to the interest of the shareholders, without any special authorisation
- D
As per the Companies Act, a company cannot invest in mutual funds
Why this is the answer
A company must pass a specific Board resolution authorizing the investment in a mutual fund, as companies require formal approval from their board before making such decisions.
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