Intercorporate investment restrictions do not apply to investments made by exempt companies even after exemption ends. Intercorporate investments made by companies while exempt remain outside the post exemption statutory restrictions and therefore do not require compliance with those restrictions after the exemption ceases, confirming that outstanding investments after cessation of exempt status are not subject to the operative limitations or compliance obligations of the provision.
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.
Intercorporate investment restrictions do not apply to investments made by exempt companies even after exemption ends.
Intercorporate investments made by companies while exempt remain outside the post exemption statutory restrictions and therefore do not require compliance with those restrictions after the exemption ceases, confirming that outstanding investments after cessation of exempt status are not subject to the operative limitations or compliance obligations of the provision.
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