https://www.taxtmi.com/circulars?id=10738 The exemption in sub section (14) removes the Government approval requirement for certain further investments in a subsidiary but does not affect computation of the percentage limits in sub section (2); investments made under the exemption must be counted when calculating statutory percentage limits and thus may limit a company's capacity to invest in shares of other companies. en-us Mon, 23 Mar 1964 00:00:00 +0530 Thu, 16 Jun 2011 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10738 The exemption in sub section (14) removes the Government approval requirement for certain further investments in a subsidiary but does not affect computation of the percentage limits in sub section (2); investments made under the exemption must be counted when calculating statutory percentage limits and thus may limit a company's capacity to invest in shares of other companies. Circulars Companies Law Mon, 23 Mar 1964 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10738