Section 16
SEC. 16. Section 31 of the same Act is hereby further amended to read as follows: "SEC. 31. Savings and mortgage banks may invest in equities of allied undertakings as may be approved by the Monetary Board for banks of their category as provided under Section 6-A of this Act: Provided, That the total investment in equities shall not exceed twenty-five percent (25%) of the net worth of the bank; the equity investment in any single enterprise shall not exceed fifteen percent (15%) of the net worth of the bank; (3) the total equity investment of the bank in any single enterprise shall remain a minority holding in that enterprise, except where the enterprise is a non-financial allied undertaking; and (4) the equity investment in other banks shall be subject to the same regulations governing similar investment of commercial banks and shall be deducted from the investing bank's net worth for the purposes of computing the prescribed ratio of net worth to risk assets. Equity investments shall not be permitted in non-related activities. "Where the allied undertaking is a wholly- or majority-owned subsidiary of the bank, the Central Bank may subject it to examination."