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Union of India - Section

Section 42 in The Companies (Amendment) Act, 2017

42. Amendment of section 141.

In section 141 of the principal Act, in sub-section (3), for clause (i), the following clause shall be substituted, namely:β€”'(i) a person who, directly or indirectly, renders any service referred to in section 144 to the company or its holding company or its subsidiary company.Explanation.β€”For the purposes of this clause, the term "directly or indirectly" shall have the meaning assigned to it in the Explanation to section 144.’.