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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES (AMENDMENT) BILL, 2017 This

Clause 17 - Amendment of section 76A. - COMPANIES (AMENDMENT) BILL, 2017

COMPANIES (AMENDMENT) BILL, 2017
  • Contents

Amendment of section 76A.

17. In section 76A of the principal Act,-

(a) in clause (a), for the words, “one crore rupees”, the words “one crore rupees or twice the amount of deposit accepted by the company, whichever is lower” shall be substituted;

(b) in clause (b),-

(i) for the words "seven years of with fine", the words "seven years and with fine" shall be substituted;

(ii) the words "or with both" shall be omitted.

 
 
 
 

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