Investments by exempted companies are covered under the section even after cessation of exemption

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..... No. 13(98) ‑ CL ‑ VI/67, dated 24 ‑ 2 ‑ 1971. Subject:-I nvestments by exempted companies are covered under the section even after cessation of exemption Atten .....

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..... tioned in sub‑section (14) of section 372, and are outstanding after the cessation of exemption under sub‑section (14), would not come within the restrictions contained in section 372 and .....

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