Companies Act 2014 section 1400A

Modification of definition of "ineligible entities" in case of investment companies

Section 1400A modifies the definition of "ineligible entities" so that investment companies are included within that definition.

  • The standard definition of "ineligible entities" in section 275(1) is extended to cover investment companies.
  • Investment companies are added as an additional category of ineligible entity.
  • Minor textual amendments to the existing definition ensure the new category integrates correctly into the list.
  • As ineligible entities, investment companies are subject to restrictions that prevent them from availing of certain filing or reporting exemptions available to other companies.

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