TMI BlogInvestments made before commencement of Act.X X X X Extracts X X X X X X X X Extracts X X X X ..... could not have been made except on the authority of a resolution passed by the investing company and the approval of the Central Government, the authority of the company by means of a resolution and the approval of the Central Government shall be obtained to such investments, within six months from the commencement of this Act; and if such authority and approval are not so obtained, the Board of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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