Companies Act amendment expands section 366 to include non-trading companies within the covered entities. Section 366 of the Companies Act, 2013 is amended by inserting the words ', any non-trading company' after 'co-operative society, society' in sub-section (1). The amendment expands the class of entities covered by the provision to include non-trading companies alongside the entities already named. It is a targeted textual change that widens the statutory description in section 366(1) without altering any other part of the provision.
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Companies Act amendment expands section 366 to include non-trading companies within the covered entities.
Section 366 of the Companies Act, 2013 is amended by inserting the words ", any non-trading company" after "co-operative society, society" in sub-section (1). The amendment expands the class of entities covered by the provision to include non-trading companies alongside the entities already named. It is a targeted textual change that widens the statutory description in section 366(1) without altering any other part of the provision.
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