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of <h1>Sections 72 & 73 of Companies Act: Exclude Public Holidays in Calculating Specific Days; Amendments Clarify Day Counting.</h1> In the context of sections 72 and 73 of the Companies Act, 1956, the calculation of the fifth, eighth, and tenth days excludes any intervening public holidays as defined by the Negotiable Instruments Act, 1881. If the calculated fifth or eighth day falls on a public holiday, the next non-holiday is considered instead. Amendments by the Companies (Amendment) Act, 1988, adjusted the wording regarding the specific days to be considered in this reckoning process.
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