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Union of India - Section

Section 54 in The Companies (Amendment) Act, 2020

54. Amendment of section 392.

In section 392 of the principal Act,—
(a)the words "with imprisonment for a term which may extend to six months or" shall be omitted;
(b)for the words "five lakh rupees, or with both", the words "five lakh rupees" shall be substituted.