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Amendment of section 2

Section 2 - Amendment Acts - Companies (Amendment) Act, 2017 - Section 2 - 2. In section 2 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the principal Act),- (i) in clause (6), for the Explanation, the following Explanation shal .....

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under an agreement; (b) the expression "joint venture" means a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement;'; (ii) for clause (28), the following clau .....

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ctice under sub-section (1) of section 6 of that Act;'; (iii) in clause (30), the following proviso shall be inserted, namely:- "Provided that- (a) the instruments referred to in Chapter III-D of the Reserve Bank of India Act, 1934 (2 of 193 .....

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"subsidiary", the words "or associate company" shall be inserted; (v) in clause (46), the following Explanation shall be inserted, namely:- 'Explanation.-For the purposes of this clause, the expression "company" inc .....

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ch other officer, not more than one level below the directors who is in whole-time employment, designated as key managerial personnel by the Board; and (vi) such other officer as may be prescribed;"; (viii) in clause (57), for the words "an .....

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"and" shall be inserted; (x) in clause (72), in the proviso, in clause (A), after the words State Act , the words other than this Act or the previous company law shall be inserted; (xi) in clause (76), for sub-clause (viii), the following .....

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or the venturer of the company;"; Explanation.-For the purpose of this clause, the investing company or the venturer of a company means a body corporate whose investment in the company would result in the company becoming an associate company o .....

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