SectionsParticulars
1Short title and commencement
1. Short title, extent and commencement.- 1.     This Act may be called the Electricity Act, 2003.2.     It extends to the whole of India except the State ...
2Amendment of section 2
In section 2 of the Companies Act, 1956 (1 of 1956) (hereinafter referred to as the principal Act),- a.     clause (1) shall be re-numbered as clause (1A) t...
3Amendment of section 3
In section 3 of the principal Act,- (a) in sub-section (1),- (i) in clause (iii),- (A) in the opening portion, for the words "means a company which, by its ...
4Amendment of section 4
In section 4 of the principal Act, in sub-section (2), in clause (b), the words ", managing agent, secretaries and treasurers" shall be omitted....
5Amendment of section 11
In section 11 of the principal Act, in sub-section (5), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted....
6Amendment of section 16
In section 16 of the principal Act, in sub-section (3), the words ", managing agent, secretaries and treasurers" shall be omitted....
7Insertion of new section 17A
After section 17 of the principal Act, the following section shall be inserted namely:- "17A. Change of registered office within a State.-1.     No company s...
8Amendment of section 22
In section 22 of the principal Act, in sub-section (2), for the words "one hundred rupees", the words "one thousand rupees" shall be substituted....
9Amendment of section 25
In section 25 of the principal Act, in sub-section (10), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted....
10Amendment of section 39
In section 39 of the principal Act,- a.     in sub-section (1), clause (c) shall be omitted; b.    in sub-section (2), for the words "fifty rupees", the word...
11Amendment of section 40
In section 40 of the principal Act,- a.     in sub-section (1), the words, brackets, letter and figures "in the agreement referred to in clause (c) of sub-se...
12Amendment of section 43A
In section 43A of the principal Act,- (a) after sub-section (2), the following sub-section shall be inserted, namely:- '(2A) Where a public company referred ...
13Amendment of section 44
In section 44 of the principal Act,- a.     in sub-section (3), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted;b....
14Amendment of section 49
In section 49 of the principal Act, in sub-section (9), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted....
15Amendment of section 54
In section 54 of the principal Act, the words "the managing agent, the secretaries and treasurers," shall be omitted....
16Insertion of new section 55A
After section 55 of the principal Act, the following section shall be inserted, namely:- "55A. Powers of Securities and Exchange Board of India.-The provisio...
17Amendment of section 56
In section 56 of the principal Act, in sub-section (3), after the second proviso, for the words "five thousand rupees", the words "fifty thousand rupees" sha...
18Amendment of section 58A
In section 58A of the principal Act,- (a) in sub-section (6), in clause (a), in sub-clause (ii),- (i) for the words "one lakh rupees", the words "ten lakh r...
19Insertion of new sections 58AA and 58AAA.-After section 58A of the principal Act, the following sections shall be inserted, namely
After section 58A of the principal Act, the following sections shall be inserted, namely:- '58AA. Small depositors.-(1) Every company, which accepts deposit...
20Amendment of section 59
In section 59 of the principal Act, in sub-section (1), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted....
21Amendment of section 60
In section 60 of the principal Act, in sub-section (5), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted....
22Insertion of new section 60A and 60B
After section 60 of the principal Act, the following sections shall be inserted, namely:- '60A. Shelf prospects.-1.     Any public financial institution, pub...
23Amendment of section 63
In section 63 of the principal Act, in sub-section (1), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted....
24Amendment of section 67
In section 67 of the principal Act,- (a) in sub-section (3), the following provisos shall be inserted, namely:- "Provided that nothing contained in this sub-...
25Amendment of section 68
In section 68 of the principal Act, for the words "ten thousand rupees", the words "one lakh rupees" shall be substituted....
26Insertion of new section 68B
After section 68A of the principal Act, the following section shall be inserted, namely:- "68B. Initial offer of securities to be in dematerialized form in c...
27Amendment of section 69
In section 69 of the principal Act, in sub-section (4), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted....
28Amendment of section 70
a.     in sub-section (4), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted; b.    in sub-section (5), for the words...
29Amendment of section 72
In section 72 of the principal Act, in sub-section (3), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted....
30Amendment of section 73
In section 73 of the principal Act, in sub-sections (2B) and (3), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substitute...
31Amendment of section 75
In section 75 of the principal Act, in sub-section (4),- a.     for the words "five hundred rupees", the words "five thousand rupees" shall be substituted; b...
32Amendment of section 76
In section 76 of the principal Act, in sub-section (5), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted....
33Amendment of section 77
In section 77 of the principal Act,- a.     in sub-section (2), in the proviso, in clause (c), the words " managing agents, secretaries and treasurers" shall...
34Amendment of section 79
In section 79 of the principal Act, in sub-section (4), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
35Amendment of section 80
In section 80 of the principal Act, in sub-section (6), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted....
36Amendment of section 80A
In section 80A of the principal Act, in sub-section (3), in clause (a), for the words "one thousand rupees", the words "ten thousand rupees" shall be substit...
37Amendment of section 84
In section 84 of the principal Act, in sub-section (3), for the words "ten thousand rupees", the words "one lakh rupees" shall be substituted....
38Substitution of new section for section 86
For section 86 of the principal Act, the following section shall be substituted, namely:- "86. New issues of share capital to be only of two kinds.-The share...
39Omission of section 88
Section 88 of the principal Act shall be omitted....
40Amendment of section 89
In section 89 of the principal Act,- (a) in sub-section (2),- (i) for clause (a), the following clause shall be substituted, namely:- "(a) any resolution re...
41Amendment of section 95
In section 95 of the principal Act, in sub-section (3), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
42Amendment of section 97
In section 97 of the principal Act, in sub-section (3), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
43Amendment of section 107
In section 107 of the principal Act, in sub-section (5), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
44Amendment of section 108
In section 108-I of the principal Act, for the words "five thousand rupees", wherever they occur, the words "fifty thousand rupees" shall be substituted....
45Amendment of section 111
In section 111 of the principal Act,- (a) in sub-section (9),- (i) for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted...
46Amendment of section 113
In section 113 of the principal Act, in sub-section (2), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted....
47Amendment of section 115
In section 115 of the principal Act, in sub-section (6), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
48Insertion of new sections 117A, 117B and 117C
After section 117 of the principal Act, the following sections shall be inserted, namely:- "117A. Debenture trust deed.-(1) A trust deed for securing any is...
49Amendment of section 118
In section 118 of the principal Act, in sub-section (2),- (a) for the words "fifty rupees", the words "five hundred rupees" shall be substituted; (b) for th...
50Amendment of section 127
In section 127 of the principal Act, in sub-section (2), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted....
51Amendment of section 133
In section 133 of the principal Act, in sub-section (2), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted....
52Amendment of section 137
In section 137 of the principal Act, in sub-section (3), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
53Amendment of section 142
In section 142 of the principal Act,- a.     in sub-section (1), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted; ...
54Amendment of section 143
In section 143 of the principal Act, in sub-section (2), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted....
55Amendment of section 144
In section 144 of the principal Act, in sub-section (3),- a.     for the words "fifty rupees", the words "five hundred rupees" shall be substituted; b.    fo...
56Amendment of section 146
In section 146 of the principal Act, in sub-section (4), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
57Amendment of section 147
In section 147 of the principal Act,- a.     in sub-section (2), for the words "fifty rupees", the words "five hundred rupees" shall be substituted; b.    in...
58Amendment of section 148
In section 148 of the principal Act, in sub-section (2), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted....
59Amendment of section 149
In section 149 of the principal Act,- (a) in sub-section (2A), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted; (b...
60Amendment of section 150
In section 150 of the principal Act, in sub-section (2), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
61Amendment of section 151
In section 151 of the principal Act, in sub-section (4), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
62Amendment of section 152
In section 152 of the principal Act, in sub-section (3), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
63Amendment of section 153A
Section 153A of the principal Act, shall be renumbered as sub-section (1) thereof and after sub-section (1) as so renumbered, the following sub-section shall ...
64Amendment of section 153B
In section 153B of the principal Act, after Explanation to sub-section (4), the following sub-section shall be inserted, namely:- "(5) The provisions of this...
65Amendment of section 154
In section 154 of the principal Act, in sub-section (2), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted....
66Amendment of section 157
In section 157 of the principal Act, in sub-section (3), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
67Amendment of section 158
In section 158 of the principal Act, in sub-section (9), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
68Amendment of section 159
In section 159 of the principal Act, in sub-section (1), in clause (g), the words "managing agents, secretaries and treasurers" shall be omitted....
69Amendment of section 160
In section 160 of the principal Act, in sub-section (1), in clause (b), the words "its managing agent, its secretaries and treasurers" shall be omitted....
70Amendment of section 162
In section 162 of the principal Act, in sub-section (1), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
71Amendment of section 163
In section 163 of the principal Act, in sub-section (5), for the words "fifty rupees" the words "five hundred rupees" shall be substituted....
72Amendment of section 165
In section 165 of the principal Act,- (a) in sub-section (3),- (i) in clause (d), the words "managing agent, secretaries and treasurers," shall be omitted; ...
73Amendment of section 168
In section 168 of the principal Act,- (a) for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted; (b) for the words "t...
74Amendment of section 173
In section 173 of the principal Act, in sub-section (2), the words "the managing agent, if any, the secretaries and treasurers, if any," at both the places w...
75Amendment of section 176
In section 176 of the principal Act,- (a) in sub-section (2), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted; (b)...
76Amendment of section 187B
In section 187B of the principal Act, after sub-section (6), the following sub-section shall be inserted, namely:- "(7) The provisions of this section shall ...
77Amendment of section 187C
In section 187C of the principal Act, after sub-section (7), the following sub-section shall be inserted, namely:- "(8) The provisions of this section shall ...
78Amendment of section 188
In section 188 of the principal Act, in sub-section (8), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted....
79Amendment of section 192
In section 192 of the principal Act,- (a) in sub-section (4), clause (d) shall be omitted; (b) in sub-section (5), for the words "twenty rupees", the words ...
80Insertion of new section 192A
After section 192 of the principal Act, the following section shall be inserted namely:- "192A. Passing of resolutions of Postal ballot.-(1) Notwithstanding...
81Amendment of section 193
In section 193 of the principal Act, in sub-section (6), for the words "fifty rupees", the words "five hundred rupees" shall be substituted....
82Amendment of section 196
In section 196 of the principal Act, in sub-section (3), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted....
83Amendment of section 197
In section 197 of the principal Act, in sub-section (2), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted....
84Amendment of section 197A
In section 197A of the principal Act, clauses (b) and (c) shall be omitted....
85Amendment of section 198
In section 198 of the principal Act,- (a) in sub-section (1),- (i) the words "managing agent, secretaries and treasurers or" shall be omitted; (ii) for the...
86Amendment of section 199
In section 199 of the principal Act, in sub-section (1),- (a) the words ", the managing agent, secretaries and treasurers" shall be omitted; (b) for the fig...
87Amendment of section 201
In section 201 of the principal Act, sub-section (2) shall be omitted....
88Amendment of section 202
In section 202 of the principal Act, in sub-section (1),- (a) the words "managing agent, secretaries and treasurers, or" shall be omitted; (b) for the words...
89Amendment of section 203
In section 203 of the principal Act, in sub-section (7), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted....
90Amendment of section 204
In section 204 of the principal Act,- (a) in sub-section (1), the words "managing agent, secretaries and treasurers or" shall be omitted; (b) sub-section (2)...
91Omission of section 204A
Section 204A of the principal Act shall be omitted....
92Amendment of section 205
In section 205 of the principal Act, after sub-section (1), the following sub-sections shall be inserted, namely:- "(1A) The Board of directors may declare i...
93Amendment of section 205A
In section 205A of the principal Act,-(a) in sub-section (1), for the words "forty-two days", wherever they occur, the words "thirty days" shall be substitute...
94Substitution of new section for section 207
For section 207 of the principal Act, the following section shall be substituted, namely:- "207. Penalty for failure to distribute dividends within thirty da...
95Amendment of section 209
In section 209 of the principal Act,- (a) in sub-section (5), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted; (b) ...
96Amendment of section 209A
In section 209A of the principal Act,- (a) in sub-section (1), for clause (ii) and the proviso, the following shall be substituted, namely:- "(ii) by such o...
97Amendment of section 210
In section 210 of the principal Act, in sub-sections (5) and (6), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted....
98Amendment of section 211
In section 211 of the principal Act,- (a) in sub-section (7), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted; (b) ...
99Amendment of section 212
In section 212 of the principal Act,- (a) in sub-section (9), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted; (b) ...
100Amendment of section 215
In section 215 of the principal Act, in sub-section (1), in clause (ii), the words "managing agent, secretaries and treasurers," shall be omitted....
101Amendment of section 217
In section 217 of the principal Act,- (a) after Explanation to sub-section (2A), the following sub-section shall be inserted, namely:- "(2AA) The Board's rep...
102Amendment of section 218
In section 218 of the principal Act, for the words "five hundred rupees", the words "five thousand rupees" shall be substituted. ...
103Amendment of section 219
In section 219 of the principal Act, in sub-sections (3) and (4), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted....
104Amendment of section 220
In section 220 of the principal Act, in sub-section (1), in clause (a), the words "managing agent, secretaries and treasurers," shall be omitted. ...
105Amendment of section 221
In section 221 of the principal Act,- a.     sub-section (2) shall be omitted; b.    in sub-section (3), the words "managing agent, secretaries and treasurer...
106Amendment of section 223
. In section 223 of the principal Act, in sub-section (4), for the words "fifty rupees", the words "five hundred rupees" shall be substituted. ...
107Amendment of section 224
In section 224 of the principal Act,- a.     in sub-section (1B), after the third proviso, the following proviso shall be inserted, namely:- "Provided also t...
108Amendment of section 226
In section 226 of the principal Act, in sub-section (3), for clauses (e) and (f), the following clause shall be substituted, namely:- '(e) a person holding a...
109Amendment of section 227
In section 227 of the principal Act, in sub-section (3), after clause (d), the following clauses shall be inserted, namely:- "(e) in thick type or in italics...
110Amendment of section 232
-In section 232 of the principal Act, for the words "five hundred rupees", the words "five thousand rupees" shall be substituted. ...
111Amendment of section 233
In section 233 of the principal Act, for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted. ...
112Amendment of section 233A
In section 233A of the principal Act, in sub-section (5), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted. ...
113Amendment of section 233B
In section 233B of the principal Act, in sub-section (11), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted. ...
114Amendment of section 234
In section 234 of the principal Act, in sub-section (4), in clause (a),- (a) for the words "five hundred rupees", the words "five thousand rupees" shall be s...
115Amendment of section 234A
In section 234A of the principal Act,- (a) in sub-section (1),- (i) the words "any managing agent or secretaries and treasurers or" shall be omitted; (ii) ...
116Amendment of section 239
In section 239 of the principal Act, in sub-section (1),- (a) for clause (b), the following clause shall be substituted, namely:- "(b) any other body corpora...
117Amendment of section 240
In section 240 of the principal Act,- (a) for sub-section (1), the following sub-section shall be substituted, namely:- "(1) It shall be the duty of all offi...
118Amendment of section 240A
In section 240A of the principal Act,- (a) in sub-section (1),- (i) the words "any managing agent or secretaries and treasurers or" shall be omitted; (ii) ...
119Amendment of section 241
In section 241 of the principal Act, in sub-section (2),- (a) in clause (a), the words "managing agent, secretaries and treasurers or associate" shall be omi...
120Amendment of section 242
In section 242 of the principal Act, in sub-section (1),- (a) the words "managing agent, secretaries and treasurers, or associate of a managing agent or secr...
121Amendment of section 243
In section 243 of the principal Act,- (a) the words "or any such managing agent, secretaries and treasurers or associate being a body corporate," shall be om...
122Amendment of section 245
In section 245 of the principal Act, the words "managing agent, secretaries and treasurers, associate," wherever they occur, shall be omitted. ...
123Amendment of section 247
In section 247 of the principal Act,- (a) sub-section (4) shall be omitted; (b) in sub-section (5),- (i) the words "or of any managing agent, secretaries an...
124Omission of sections 248 and 249
Sections 248 and 249 of the principal Act shall be omitted. ...
125Amendment of section 250
In section 250 of the principal Act,- (a) in sub-section (1), the figures and word "248 or 249" shall be omitted; (b) in sub-sections (9) and (10), for the ...
126Amendment of section 250A
In section 250A of the principal Act, for the figures and word "247, 248 or 249", the word and figures "or 247" shall be substituted. ...
127Amendment of section 251
In section 251 of the principal Act,- (a) in the opening portion, for the figures and word "234 to 250" the figures and words "234 to 247 and 250" shall be s...
128Amendment of section 252
In section 252 of the principal Act, in sub-section (1), the following shall be inserted, namely:- 'Provided that a public company having,- (a) a paid-up cap...
129Omission of section 261
Section 261 of the principal Act shall be omitted. ...
130Amendment of section 269
In section 269 of the principal Act,- (a) in sub-section (6), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted; (b)...
131Amendment of section 272
In section 272 of the principal Act, for the words "fifty rupees", the words "five hundred rupees" shall be substituted. ...
132Amendment of section 274
In section 274 of the principal Act, in sub-section (1), after clause (f), the following shall be inserted, namely:- "(g) such person is already a director o...
133Amendment of section 275
In section 275 of the principal Act, for the words "twenty companies", the words "fifteen companies" shall be substituted. ...
134Amendment of section 276
In section 276 of the principal Act,- (a) for the word "twenty" wherever it occurs, the word "fifteen" shall be substituted; (b) for the words "this Act" at...
135Amendment of section 277
In section 277 of the principal Act,- (a) in sub-section (1),- (i) for the words "twenty companies", the words "fifteen companies" shall be substituted; (ii...
136Amendment of section 279
In section 279 of the principal Act,- (a) for the words "twenty companies", the words "fifteen companies" shall be substituted; (b) for the words "five thou...
137Amendment of section 283
In section 283 of the principal Act,- (a) in sub-section (1), in clause (l),- (i) the words "or as a nominee of the managing agent of the company", shall be...
138Amendment of section 286
In section 286 of the principal Act, in sub-section (2), for the words "one hundred rupees", the words "one thousand rupees" shall be substituted. ...
139Amendment of section 292
In section 292 of the principal Act, in sub-section (1), in the first proviso, the words "the managing agent, secretaries and treasurers", shall be omitted. ...
140Insertion of new section 292A
After section 292 of the principal Act, the following section shall be inserted, namely:- "292A. Audit Committee.-(1) Every public company having paid-up ca...
141Amendment of section 294
In section 294 of the principal Act,- (a) sub-section (4) shall be omitted; (b) in sub-section (8),- (i) for the words "five thousand rupees", the words "fi...
142Amendment of section 295
In section 295 of the principal Act,- (a) in sub-section (1), in clause (e), the words "managing agent, secretaries and treasurers," shall be omitted. (b) i...
143Omission of section 298
Section 298 of the principal Act shall be omitted. ...
144Amendment of section 299
In section 299 of the principal Act, in sub-section (4), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted. ...
145Amendment of section 300
In section 300 of the principal Act, in sub-section (4), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted. ...
146Amendment of section 301
In section 301 of the principal Act, in sub-section (4), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted. ...
147Amendment of section 302
-In section 302 of the principal Act,- (a) sub-section (3) shall be omitted; (b) in sub-section (5), for the words "one thousand rupees", the words "ten tho...
148Amendment of section 303
In section 303 of the principal Act,- (a) the words "managing agent, secretaries and treasurers," wherever they occur, shall be omitted; (b) in sub-section ...
149Amendment of section 304
In section 304 of the principal Act, in sub-section (2), in clause (a), for the words "fifty rupees", the words "five hundred rupees" shall be substituted. ...
150Amendment of section 305
In section 305 of the principal Act, in sub-section (1),- (a) the words "managing agent, secretaries and treasurers," at both the places where they occur sha...
151Amendment of section 307
In section 307 of the principal Act,- (a) in sub-section (7), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted; (b)...
152Amendment of section 308
In section 308 of the principal Act, in sub-section (3), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted. ...
153Amendment of section 309
In section 309 of the principal Act, in sub-section (4), in the first proviso, in clause (i), the words "a managing agent or secretaries and treasurers," sha...
154Amendment of section 314
In section 314 of the principal Act, in sub-section (2), in clause (a) the words "managing agent, secretaries and treasurers" shall be omitted. ...
155Amendment of section 318
In section 318 of the principal Act, in sub-section (3), in clause (a), the words "managing agent" shall be omitted. 156. Amendment of section 320. ...
156Amendment of section 320
In section 320 of the principal Act, in sub-section (3), for the words "two hundred and fifty rupees", the words "two thousand five hundred rupees" shall be ...
157Amendment of section 322
In section 322 of the principal Act,- (a) in sub-section (1), the words "or of the managing agent, secretaries and treasurers" shall be omitted; (b) in sub-...
158Amendment of section 323
In section 323 of the principal Act, in sub-section (1), the words "or of its managing agent, secretaries and treasurers" shall be omitted. ...
159Omission of sections 324, 324A, 325, 325A, 326 to 348
Sections 324, 324A, 325, 325A, 326 to 348 of the principal Act shall be omitted. ...
160Amendment of section 349
In section 349 of the principal Act,- (a) in sub-section (1), the words and figures "for the purpose of section 348," shall be omitted; (b) in sub-section (...
161Amendment of section 350
In section 350 of the principal Act, for the words "the amount calculated with reference to the written-down value of the assets", the words "the amount of d...
162Omission of sections 351 to 354
Sections 351 to 354 of the principal Act shall be omitted. ...
163Amendment of section 355
In section 355 of the principal Act, for the figures and word "348 to 354" the figures and word "349 and 350" shall be substituted. ...
164Omission of sections 356 to 369
Sections 356 to 369 of the principal Act shall be omitted. ...
165Amendment of section 370A
In section 370A of the principal Act,- (a) the words and figures "section 369 or" shall be omitted; (b) in the proviso, clause (a) shall be omitted. 166. Ame...
166Amendment of section 371
In section 371 of the principal Act, in sub-section (1),- (a) the words and figures "section 369 or" shall be omitted; (b) for the words "five thousand rupee...
167Amendment of section 374
In section 374 of the principal Act, for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted. ...
168Omission of section 375
Section 375 of the principal Act shall be omitted. ...
169Substitution of new section for section 376
For section 376 of the principal Act, the following section shall be substituted, namely:- "376. Conditions prohibiting reconstruction or amalgamation of com...
170Omission of sections 377 to 383
Sections 377 to 383 of the principal Act shall be omitted. ...
171Amendment of section 383A
In section 383A of the principal Act,- (a) in sub-section (1), the following proviso shall be inserted, namely:- "Provided that every company not required to...
172Amendment of section 387
In section 387 of the principal Act, for the figures and word "350 and 351", the word and figures "and 350" shall be substituted. ...
173Amendment of section 388E
In section 388E of the principal Act,- (a) in sub-section (1), the proviso shall be omitted; (b) sub-section (2) shall be omitted. ...
174Amendment of section 391
In section 391 of the principal Act, in sub-section (5), for the words "ten rupees", the words "one hundred rupees" shall be substituted. ...
175Amendment of section 393
In section 393 of the principal Act,- (a) in sub-section (1), in clause (a), the words "managing agent, secretaries and treasurers" shall be omitted; (b) in...
176Amendment of section 394
In section 394 of the principal Act, in sub-section (3), for the words "fifty rupees", the words "five hundred rupees" shall be substituted. ...
177Amendment of section 395
In section 395 of the principal Act, in sub-section (4A), in clause (b), for the words "five hundred rupees", the words "five thousand rupees" shall be subst...
178Amendment of section 398
In section 398 of the principal Act, in sub-section (1), in clause (b),- (i) the words "or of its managing agent or secretaries and treasurers" shall be omit...
179Amendment of section 402
In section 402 of the principal Act, in clause (d), sub-clauses (iii) and (iv) shall be omitted. ...
180Amendment of section 404
In section 404 of the principal Act, in sub-section (4), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted. ...
181Amendment of section 405
In section 405 of the principal Act, the words "the managing agent, secretaries and treasurers" shall be omitted. ...
182Amendment of section 407
In section 407 of the principal Act,- (a) in sub-section (1), in clause (b),- (i) the words "managing agent, secretaries and treasurers," at both the places ...
183Amendment of section 409
In section 409 of the principal Act, in sub-section (1), the words "the managing agent, the secretaries and treasurers" shall be omitted. ...
184Amendment of section 416
In section 416 of the principal Act,- (a) in sub-section (1), the words "managing agent, secretaries and treasurers" shall be omitted; (b) in sub-section (3...
185Amendment of section 420
In section 420 of the principal Act, for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted. ...
186Amendment of section 423
In section 423 of the principal Act, for the words "two hundred rupees", the words "two thousand rupees" shall be substituted. ...
187Amendment of section 427
In section 427 of the principal Act, the words "managing agent, secretaries and treasurers" wherever they occur, shall be omitted. ...
188Amendment of section 445
In section 445 of the principal Act, in sub-section (1), for the words "one hundred rupees", the words "one thousand rupees" shall be substituted. ...
189Amendment of section 454
In section 454 of the principal Act, in sub-section (5), for the words "one hundred rupees", the words "one thousand rupees" shall be substituted. ...
190Amendment of section 469
In section 469 of the principal Act, in sub-section (2), in clause (b), the words "managing agent, secretaries and treasurers" shall be omitted. ...
191Amendment of section 481
In section 481 of the principal Act, in sub-section (3), for the words "fifty rupees", the words "five hundred rupees" shall be substituted. ...
192Amendment of section 485
In section 485 of the principal Act, in sub-section (2), for the words "fifty rupees", the words "five hundred rupees" shall be substituted. ...
193Amendment of section 488
In section 488 of the principal Act, in sub-section (3), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted. ...
194Amendment of section 491
In section 491 of the principal Act, the words "managing agent, secretaries and treasurers," shall be omitted. ...
195Amendment of section 493
In section 493 of the principal Act, in sub-section (3), for the words "one hundred rupees", the words "one thousand rupees" shall be substituted. ...
196Amendment of section 495
In section 495 of the principal Act, in sub-section (2), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted. ...
197Amendment of section 496
In section 496 of the principal Act, in sub-section (2), for the words "one hundred rupees", the words "one thousand rupees" shall be substituted....
198Amendment of section 497
In section 497 of the principal Act,- (a) in sub-section (3), for the words "fifty rupees", the words "five hundred rupees" shall be substituted; (b) in sub...
199Amendment of section 500
In section 500 of the principal Act, in sub-section (6), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted. ...
200Amendment of section 501
In section 501 of the principal Act, in sub-section (2), for the words "fifty rupees", the words "five hundred rupees" shall be substituted. ...
201Amendment of section 508
In section 508 of the principal Act, in sub-section (2), for the words "one hundred rupees", the words "one thousand rupees" shall be substituted. ...
202Amendment of section 509
In section 509 of the principal Act,- (a) in sub-section (3), for the words "fifty rupees", the words "five hundred rupees" shall be substituted; (b) in sub...
203Amendment of section 513
In section 513 of the principal Act, in sub-section (3),- (a) the words "the managing agent or secretaries and treasurers" shall be omitted; (b) for the wor...
204Amendment of section 514
In section 514 of the principal Act, for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted. ...
205Amendment of section 516
In section 516 of the principal Act, in sub-section (2), for the words "fifty rupees", the words "five hundred rupees" shall be substituted. ...
206Amendment of section 542
In section 542 of the principal Act, in sub-section (3), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted. ...
207Amendment of section 543
In section 543 of the principal Act, in sub-section (1), for the words "managing agent, secretaries and treasurers", at both the places where they occur, sha...
208Amendment of section 547
In section 547 of the principal Act, in sub-section (2), for the words "five hundred rupees", the words "five thousand rupees" shall be substituted. ...
209Amendment of section 550
In section 550 of the principal Act, in sub-section (4), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted. ...
210Amendment of section 551
In section 551 of the principal Act, in sub-section (5),- (a) for the words "five hundred rupees", the words "five thousand rupees" shall be substituted; (b)...
211Amendment of section 559
In section 559 of the principal Act, in sub-section (2), for the words "fifty rupees", the words "five hundred rupees" shall be substituted. ...
212Amendment of section 560
In section 560 of the principal Act, the words "managing agent, secretaries and treasurers" wherever they occur, shall be omitted. ...
213Amendment of section 568
In section 568 of the principal Act, in clause (a), the words "the managing agent, if any, the secretaries and treasurers, if any," shall be omitted. ...
214Amendment of section 583
In section 583 of the principal Act, in sub-section (5), in clauses (a) and (b), the words "managing agent, secretaries and treasurers," shall be omitted. ...
215Amendment of section 598
In section 598 of the principal Act,- (a) for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted; (b) for the words "one ...
216Insertion of new section 605A
After section 605 of the principal Act, the following section shall be inserted, namely:- "605A. Offer of Indian Depository Receipts.-Notwithstanding anythin...
217Amendment of section 606
In section 606 of the principal Act,- (a) after the words "application for shares or debentures", the words "application for shares, debentures or Indian Dep...
218Amendment of section 615
In section 615 of the principal Act, in sub-section (6), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted. ...
219Omission of section 618
Section 618 of the principal Act shall be omitted. ...
220Amendment of section 619
In section 619 of the principal Act, in sub-section (2), the words "the Central Government on the advice of" shall be omitted. ...
221Amendment of section 621
In section 621 of the principal Act, in sub-section (1), after the proviso, the following shall be inserted, namely:- "Provided further that the court may ta...
222Amendment of section 621A
In section 621A of the principal Act, in sub-sections (1) and (6), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substitut...
223Amendment of section 627
In section 627 of the principal Act, in sub-section (1), in clause (ii), the words "managing agent, secretaries and treasurers or" shall be omitted. ...
224Amendment of section 629A
In section 629A of the principal Act,- (a) for the words "five hundred rupees", the words "five thousand rupees" shall be substituted; (b) for the words "fi...
225Amendment of section 630
In section 630 of the principal Act, in sub-section (1), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted. 226. Amen...
226Amendment of section 631
In section 631 of the principal Act, for the words "fifty rupees", the words "five hundred rupees" shall be substituted. ...
227Amendment of section 635AA
In section 635AA of the principal Act, in clause (a), for the figures and word "247, 248 or 249" the word and figures "or 247" shall be substituted. ...
228Amendment of section 635B
In section 635B of the principal Act, in sub-section (1), in clause (a), the words and figures "section 248 or section 249" shall be omitted. ...
229Amendment of section 637
In section 637 of the principal Act, in sub-section (2), the figures and brackets "248, 249, 324, 326, 328, 329, 332, 343, 345, 346, 347 (2), 352, 369" shall...
230Amendment of section 640B
In section 640B of the principal Act,- (a) in sub-section (1), for the figures and word "311, 326, 328, 329, 332, 343, 345, 346 or 352", the word and figures...
231Amendment of section 642
In section 642 of the principal Act, in sub-section (2),- (a) for the words "five hundred rupees", the words "five thousand rupees" shall be substituted; (b)...
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