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Sec:372a

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19 May 2012 WHAT IS INCLUDED IN "BODY CORPORATE" FOR SEC:372A? WHETHER MUTUAL FUNDS UNITS ARE INCLUDED?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
21 May 2012 372A is not applicable to company whose principal business is the dealing with the shares, stock, debenture or other securities. i.e Investment company.

In my opinion, Mutual Fund are excluded form the provision of Section 372A.

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