https://www.taxtmi.com/article/detailed?id=1585 Section 49 and section 153 of the Companies Act, 1956 are principally directed at investments in securities and related nominee/register issues; by contrast, AS 13 treats land or buildings not substantially occupied for the enterprise's operations as "investment property" to be shown as long term investments in accounts. Accordingly, the obligation to register investments in the company's own name under section 49 prima facie applies to securities, while immovable property used in the company's business ordinarily falls outside section 49's operative ambit. en-us Mon, 30 Jan 2012 18:22:49 +0530 Mon, 30 Jan 2012 18:22:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1585 Section 49 and section 153 of the Companies Act, 1956 are principally directed at investments in securities and related nominee/register issues; by contrast, AS 13 treats land or buildings not substantially occupied for the enterprise's operations as "investment property" to be shown as long term investments in accounts. Accordingly, the obligation to register investments in the company's own name under section 49 prima facie applies to securities, while immovable property used in the company's business ordinarily falls outside section 49's operative ambit. Articles Other Topics Mon, 30 Jan 2012 18:22:49 +0530 https://www.taxtmi.com/article/detailed?id=1585