https://www.taxtmi.com/circulars?id=11101 Companies must ensure inter corporate investments, loans, and guarantees are calibrated to available financial resources and avoid resolutions authorising amounts materially beyond net worth. Explanatory statements must specifically identify securities proposed for investment rather than seeking en bloc approvals, except that en bloc authorisation may be acceptable for guarantees if an annual aggregate amount is specified. Non compliance may invite government action. en-us Fri, 04 Jun 1999 00:00:00 +0530 Mon, 20 Jun 2011 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11101 Companies must ensure inter corporate investments, loans, and guarantees are calibrated to available financial resources and avoid resolutions authorising amounts materially beyond net worth. Explanatory statements must specifically identify securities proposed for investment rather than seeking en bloc approvals, except that en bloc authorisation may be acceptable for guarantees if an annual aggregate amount is specified. Non compliance may invite government action. Circulars Companies Law Fri, 04 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11101