Investments by exempted companies are covered under the section even after cessation of exemption

Investments by exempted companies are covered under the section even after cessation of exemption https://www.taxtmi.com/circulars?id=10801 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. en-us Wed, 24 Feb 1971 00:00:00 +0530 Fri, 17 Jun 2011 11:14:00 +0530 TaxTMI RSS Generator Investments by exempted companies are covered under the section even after cessation of exemption https://www.taxtmi.com/circulars?id=10801 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. Circulars Companies Law Wed, 24 Feb 1971 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10801