https://www.taxtmi.com/acts?id=12728 A company and its subsidiaries may acquire shares of other corporates only within prescribed percentage limits and subject to aggregate caps measured against the investing company's subscribed capital and free reserves; prior investments count towards these limits. Board investments require unanimous director consent at a properly noticed meeting; investments beyond limits need general meeting sanction and Central Government approval. Rights shares are excepted but counted for threshold calculations. Companies must maintain a detailed investments register, annex an investments statement to each balance sheet, allow member inspection, and face penalties for non-compliance. en-us Sat, 14 May 2011 12:23:35 +0530 Sat, 14 May 2011 12:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12728 A company and its subsidiaries may acquire shares of other corporates only within prescribed percentage limits and subject to aggregate caps measured against the investing company's subscribed capital and free reserves; prior investments count towards these limits. Board investments require unanimous director consent at a properly noticed meeting; investments beyond limits need general meeting sanction and Central Government approval. Rights shares are excepted but counted for threshold calculations. Companies must maintain a detailed investments register, annex an investments statement to each balance sheet, allow member inspection, and face penalties for non-compliance. Act-Rules Companies Law Sat, 14 May 2011 12:23:35 +0530 https://www.taxtmi.com/acts?id=12728