Exemption in sub‑section (14) applies to calculation of percentage limits specified in the sub‑section

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..... w - Letter : No. 2/8/54 ‑ PR, dated 23 ‑3 ‑ 1964. Subject:- E xemption in sub ‑ section (14) applies to calculation of percentage limits specified in the sub  .....

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..... ction its investments in that subsidiary would count for calculation of the 30 per cent limit specified in sub‑section (2), if it wanted to make any investment in the shares of another company. .....

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