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of <h1>Exempted Companies' Investments Unaffected by Section 372 Restrictions Even After Exemption Ends, Says Company Law Board.</h1> Investments made by exempted companies, as specified in sub-section (14) of section 372, remain unaffected by the restrictions of section 372 even after the exemption ceases. The Company Law Board has clarified that these inter-corporate investments, if outstanding post-exemption, do not require compliance with section 372. This decision follows a reconsideration of whether such investments should adhere to the section's requirements after the cessation of exemption, ultimately determining that compliance is not necessary for these cases.
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