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What ?? Buying another companies shares is not DL, it is simply purchasing part of another company and it is NOT acceptable for award of points.FSD wrote:Thank you for your reply one thing more as if our company makes a partnership with other company and money is invested in that company in the form of DL for buying stock (not good will or assets), shall we be able to claim points for that investment? Secondly does HO accepts this two companies partnerships as both parties want to remain part of their own companies.
I am sorry, what ???? Buying stocks is buying shares in another company, usually a public one !!Thank you zimba88 we do not want to purchase shares but to buy stock as the business is retail store. we want to invest by buying stock (stuff for selling) and work there as well as business is already generating profit. i know that buying shares, goodwill, assets and any investment going to previous owner are not acceptable investments.
You do not seem to understand the definition of director's loan, do you ??? Money injected in a business by a DIRECTOR of a business is called a Director's loan. Injecting money in another business via your company is NOT.So both parties want to make a partnership agreement and investment will be transferred as DL to purchase the stuff (stock) to resell. hope you get the point and sorry for any inconvenience.