Exemption in sub section (14): permitted subsidiary investments still count toward statutory percentage limits on further share acquisitions. The exemption in sub section (14) removes the Government approval requirement for certain further investments in a subsidiary but does not affect computation of the percentage limits in sub section (2); investments made under the exemption must be counted when calculating statutory percentage limits and thus may limit a company's capacity to invest in shares of other companies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption in sub section (14): permitted subsidiary investments still count toward statutory percentage limits on further share acquisitions.
The exemption in sub section (14) removes the Government approval requirement for certain further investments in a subsidiary but does not affect computation of the percentage limits in sub section (2); investments made under the exemption must be counted when calculating statutory percentage limits and thus may limit a company's capacity to invest in shares of other companies.
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