Exemption continuity for inter corporate investments: investments made while exempt remain subject to statutory obligations after cessation. Investments made by companies falling within the enumerated exemptions remain subject to the provision's regime even after cessation of exemption; inter corporate investments entered into while exempt continue to be governed on cessation, and the administrative instructions applicable under the corresponding Company Law provision are to be applied mutatis mutandis to such investments.
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 continuity for inter corporate investments: investments made while exempt remain subject to statutory obligations after cessation.
Investments made by companies falling within the enumerated exemptions remain subject to the provision's regime even after cessation of exemption; inter corporate investments entered into while exempt continue to be governed on cessation, and the administrative instructions applicable under the corresponding Company Law provision are to be applied mutatis mutandis to such investments.
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