30. In section 117 of the principal Act,-
(i) in sub-section (1), the words and figures “within the time specified under section 403” shall be omitted;
(ii) in sub-section (2),-
(a) for the words and figures “under section 403 with additional fees”, the word “therein” shall be substituted;
(b) for the words "not be less than five lakh rupees", the words "not be less than one lakh rupees" shall be substituted;
(c) for the words "one lakh rupees", the words "fifty thousand rupees" shall be substituted;
(iii) in sub-section (3),-
(a) clause (e) shall be omitted;
(b) in clause (g), in the proviso, the word “and” shall be omitted and the following proviso shall be inserted, namely:-
"Provided further that nothing contained in this clause shall apply to a banking company in respect of a resolution passed to grant loans, or give guarantee or provide security in respect of loans under clause (f) of sub-section (3) of section 179 in the ordinary course of its business; and.".
