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Amendment of section 136.

Clause 38 - Bills - THE COMPANIES (AMENDMENT) BILL, 2017 - COMPANIES (AMENDMENT) BILL, 2017 - Clause 38 - 38. In section 136 of the principal Act,- (i) in sub-section (1),- (a) the words and figures "Without prejudice to the provisions of sectio .....

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e meeting, they shall, notwithstanding that fact, be deemed to have been duly sent if it is so agreed by members- (a) holding, if the company has a share capital, majority in number entitled to vote and who represent not less than ninety-five per cen .....

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d further that"; (c) in the second proviso, for the words "Provided further", the words, "Provided also" shall be substituted; (d) for the fourth proviso, the following provisos shall be substituted, namely:- 'Provided al .....

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ein referred to as "foreign subsidiary")- (a) where such foreign subsidiary is statutorily required to prepare consolidated financial statement under any law of the country of its incorporation, the requirement of this proviso shall be met .....

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