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[Cites 0, Cited by 1] [Section 119] [Entire Act]

Union of India - Subsection

Section 119(3) in The Companies Act, 1956

(3)Sub-section (1) shall not operate-
(a)to invalidate any provision in force at the commencement of this Act so long as any person then entitled to the benefit of that provision or afterwards given the benefit thereof under sub-section (4) remains a trustee of the deed in question; or
(b)to deprive any person of any exemption or right to be indemnified in respect of anything done or omitted to be done by him while any such provision was in force.