Membership threshold amendment updates the Companies Act by adding a one hundred member cap, whichever is less. Section 378Y of the Companies Act, 2013 is amended by inserting the words 'or one hundred members, whichever is less' after 'total membership'. The amendment modifies the membership threshold in the provision by adding an alternative cap linked to one hundred members, whichever is lower, under the principal Act.
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.
Membership threshold amendment updates the Companies Act by adding a one hundred member cap, whichever is less.
Section 378Y of the Companies Act, 2013 is amended by inserting the words "or one hundred members, whichever is less" after "total membership". The amendment modifies the membership threshold in the provision by adding an alternative cap linked to one hundred members, whichever is lower, under the principal Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.