Companies (Amendment) Act, 2000
123.
Amendment 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 and treasurers, or
associate" shall be omitted;
(ii)
the words "managing agent, secretaries and treasurers, or associate"
at both the places where they occur, shall be omitted;
(iii)
the words "or of the managing agent, secretaries, treasurers or
associate" shall be omitted.