Removal of proviso to section 458 clarifies statutory application of subsection (1) under the Companies Amendment Bill. Clause 93 of the Companies (Amendment) Bill, 2017 removes the proviso to section 458(1) of the principal Act, thereby excising the conditional rider and ... Summary
Removal of proviso to section 458 clarifies statutory application of subsection (1) under the Companies Amendment Bill.
Clause 93 of the Companies (Amendment) Bill, 2017 removes the proviso to section 458(1) of the principal Act, thereby excising the conditional rider and altering the operative scope and application of subsection (1) without adding new substantive provisions.
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