Inter corporate investments In excess of limits When trading companies can be treated as investment companies

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....ng companies can be treated as investment companies The limit of 30 per cent prescribed by section 372 with regard to investment by companies applies to all investments by a company in the shares of any other company, irrespective of whether such shares are held for short or long periods or as long‑term investments or for sale or purchase. Investment companies, however, will not be subjec....