Companies (Amendment) Act, 2000

18. Amendment 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 rupees" shall be substituted;

(ii) for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted;

(b) in sub-section (10), for the words "not less than rupees fifty", the words "not less than rupees five hundred" shall be substituted.