Companies (Amendment) Act, 2000
40. Amendment 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 relating to the appointment or reappointment of a director or to any variation in the terms of an agreement between the company and a managing or whole time director thereof;";
(ii) clause (c) shall be omitted;
(b) in sub-section (3), for the words "one thousand rupees", the words "ten thousand rupees" shall be substituted.