Companies (Amendment) Act, 2000

147. Amendment 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 thousand rupees" shall be substituted;

(c) in sub-section (6), the words "managing agent or secretaries and treasurers," shall be omitted.