https://www.taxtmi.com/acts?id=13251 Rule 11C prescribes that a board may invest in another body corporate only up to a specified proportion of that body's subscribed equity or aggregate paid-up capital, with group investments aggregated with subsidiaries; the board's aggregate investments across other bodies corporate are capped in relation to the investing company's subscribed capital and free reserves and require prior Central Government approval to exceed those ceilings; a company in default on deposit repayment under section 58A is barred from investing under section 372 until the default is rectified. en-us Wed, 25 May 2011 13:02:08 +0530 Tue, 07 Jun 2011 12:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13251 Rule 11C prescribes that a board may invest in another body corporate only up to a specified proportion of that body's subscribed equity or aggregate paid-up capital, with group investments aggregated with subsidiaries; the board's aggregate investments across other bodies corporate are capped in relation to the investing company's subscribed capital and free reserves and require prior Central Government approval to exceed those ceilings; a company in default on deposit repayment under section 58A is barred from investing under section 372 until the default is rectified. Act-Rules Companies Law Wed, 25 May 2011 13:02:08 +0530 https://www.taxtmi.com/acts?id=13251