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of <h1>Exempted Companies' Investments Remain Covered Post-Exemption Loss u/s 372(14); Company Law Board Instructions Apply.</h1> Investments made by exempted companies remain covered under the relevant section even after the cessation of their exemption status. Sub-section (14) of section 372 exempts certain entities, such as banking or insurance companies, private companies not subsidiaries of public companies, and companies established for financing private industrial enterprises in India, provided they have received special advances or guarantees from the Central Government. The legal position on inter-corporate investments by these exempted companies remains unchanged after they lose their exemption, and the administrative instructions of the Company Law Board under section 295(2) apply to these investments accordingly.
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