https://www.taxtmi.com/circulars?id=10781 Investments specified in sub section (14) are to be excluded when applying the ceilings in sub section (2) and the proviso; holdings by a holding company in its subsidiary and investments by managing agents, secretaries or treasurers in companies they manage (clauses (d) and (e)) do not count toward the prescribed investment limit. en-us Wed, 10 May 1967 00:00:00 +0530 Thu, 16 Jun 2011 19:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10781 Investments specified in sub section (14) are to be excluded when applying the ceilings in sub section (2) and the proviso; holdings by a holding company in its subsidiary and investments by managing agents, secretaries or treasurers in companies they manage (clauses (d) and (e)) do not count toward the prescribed investment limit. Circulars Companies Law Wed, 10 May 1967 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10781