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    <title>Amendment of section 5</title>
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    <description>The amendment inserts &quot;or a public sector company&quot; after &quot;State Government&quot; in clause (xxviic) of section 5(1) of the Wealth-tax Act and adds an Explanation defining &quot;public sector company&quot; to include corporations established by or under Central, State or Provincial Acts and Government companies as defined in section 617 of the Companies Act, 1956, thereby extending the clause&#039;s scope to such entities.</description>
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      <description>The amendment inserts &quot;or a public sector company&quot; after &quot;State Government&quot; in clause (xxviic) of section 5(1) of the Wealth-tax Act and adds an Explanation defining &quot;public sector company&quot; to include corporations established by or under Central, State or Provincial Acts and Government companies as defined in section 617 of the Companies Act, 1956, thereby extending the clause&#039;s scope to such entities.</description>
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