Monetary threshold under section 447 increased, raising the second-proviso limit and narrowing enforcement reach for corporate matters. Amendment of section 447 replaces the monetary limit in the second proviso by substituting the specified words to increase the statutory monetary ... Summary
Monetary threshold under section 447 increased, raising the second-proviso limit and narrowing enforcement reach for corporate matters.
Amendment of section 447 replaces the monetary limit in the second proviso by substituting the specified words to increase the statutory monetary threshold, as effected by the Companies (Amendment) Ordinance, 2019, without altering other terms of section 447.
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