Corporate law amendment clarifies the reference period under section 131 to the three immediately preceding financial years. Section 131 of the Companies Act, 2013 is amended by substituting the words 'three immediately preceding financial years' for 'three preceding financial years' in sub-section (1), in the long line. The amendment makes the reference period express and specific by linking the provision to the immediately preceding three financial years, while leaving the remainder of the section unchanged.
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.
Corporate law amendment clarifies the reference period under section 131 to the three immediately preceding financial years.
Section 131 of the Companies Act, 2013 is amended by substituting the words "three immediately preceding financial years" for "three preceding financial years" in sub-section (1), in the long line. The amendment makes the reference period express and specific by linking the provision to the immediately preceding three financial years, while leaving the remainder of the section unchanged.
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