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Union of India - Section

Section 52 in The Companies (Amendment) Act, 2017

52. Amendment of section 164.

In section 164 of the principal Act,—
(i)in sub-section (2), the following proviso shall be inserted, namely:—"Provided that where a person is appointed as a director of a company which is in default of clause (a) or clause (b), he shall not incur the disqualification for a period of six months from the date of his appointment.";
(ii)in sub-section (3), for the proviso, the following proviso shall be substituted, namely:—"Provided that the disqualifications referred to in clauses (d), (e) and (g) of sub-section (1) shall continue to apply even if the appeal or petition has been filed against the order of conviction or disqualification.".