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 ... Summary
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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