Under the provisions of the Companies Act 2017, the power to make investments in a company rests with the

Investment in the associated company cannot be made by the directors themselves. They will have to get its approval from

Being a separate legal person, a company can make investments in any other company or security. But all the investments of the company must be made and held

The company shall not make an increase in amount or any variation in the nature and terms of any investment in associated companies without passing

The register for investments of the company not held in its own name is open to inspection for the members of the company,

Any member may require a certified copy of the register of investment not held in the company’s name, on a fee fixed by the company. Certified copies requested shall be issued

The term “investment” shall include

Anas, Asadullah, Ameen and Arqam are founder partners of Fast Movers Forwarders (FMF). In January 2020, all partners had purchased shares of Quality Tiles Limited (QTL), a listed company. In June 2020, they contested the election of directors of QTL and got elected as directors out of seven positions. Being majority directors of QTL, they cancelled the contract of the existing logistics service provider and awarded the contract to FMF. Whether the aforesaid contract is valid?

Under which of the following situations a person may, as a director, take part in the discussion of any contract to be entered into on behalf of the company, even if he is in any way concerned or interested in the contract? If he is the director of a private company which is:

KLM Limited is considering a related party transaction in which the majority of directors are interested. Which of the following is correct?