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Definition of transfer clarified: wording amended and public sector company tied to appointed date in Tribunal approved scheme. Amendment revises the Explanation to clause (19AA) of section two by substituting 'to transfer' with 'by way of transfer of' and by replacing 'public sector company' with a specification of a public sector company on the appointed date indicated in the scheme approved by the Appellate Tribunal constituted under the Companies Act, thereby altering the notification published on 14 October 2016.
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Definition of transfer clarified: wording amended and public sector company tied to appointed date in Tribunal approved scheme.
Amendment revises the Explanation to clause (19AA) of section two by substituting "to transfer" with "by way of transfer of" and by replacing "public sector company" with a specification of a public sector company on the appointed date indicated in the scheme approved by the Appellate Tribunal constituted under the Companies Act, thereby altering the notification published on 14 October 2016.
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