Application of section 372 to investments in new company shares confirms regulatory coverage for such share acquisitions. The departmental letter clarifies that section 372 applies to proposed investments in the shares of a new company, treating such investments as subject to the same statutory regime and compliance obligations under the Companies Law.
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Provisions expressly mentioned in the judgment/order text.
Application of section 372 to investments in new company shares confirms regulatory coverage for such share acquisitions.
The departmental letter clarifies that section 372 applies to proposed investments in the shares of a new company, treating such investments as subject to the same statutory regime and compliance obligations under the Companies Law.
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