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of <h1>Amendment to Companies Act: Directors in Defaulting Firms Can Avoid Disqualification for Six Months Under Section 164(2) Proviso.</h1> Section 164 of the Companies Act was amended by the Companies (Amendment) Act, 2017. A new proviso was added to sub-section (2), allowing a director appointed to a defaulting company under clauses (a) or (b) to avoid disqualification for six months from the appointment date. Additionally, sub-section (3) was revised to maintain disqualifications under clauses (d), (e), and (g) of sub-section (1) despite any appeal or petition against an order of conviction or disqualification.
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