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Union of India - Section

Section 43 in The Companies (Amendment) Act, 2020

43. Amendment of section 242.

In section 242 of the principal Act, in sub-section (8),—(a) the words "with imprisonment for a term which may extend to six months or" shall be omitted;(b) for the words "one lakh rupees, or with both", the words "one lakh rupees" shall be substituted.