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        F. Acts / Amendment Acts

        Section 59 - Amendment of section 180

        Companies (Amendment) Act, 2017

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        Borrowing limit amendment: inclusion of securities premium expands the capital base relevant to statutory borrowing authority. Clause (c) in sub-section (1) is amended to replace the phrase paid-up share capital and free reserves with paid-up share capital, free reserves and securities premium, thereby expanding the financial base referenced for the operation governed by that clause.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Borrowing limit amendment: inclusion of securities premium expands the capital base relevant to statutory borrowing authority.

                              Clause (c) in sub-section (1) is amended to replace the phrase paid-up share capital and free reserves with paid-up share capital, free reserves and securities premium, thereby expanding the financial base referenced for the operation governed by that clause.


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