https://www.taxtmi.com/acts?id=53745 Section 455 is amended to make the action by an inactive company mandatory under sub-section (1) and to revise the Explanation by replacing "financial statements and" with "financial statements or" and "last" with "preceding". The Explanation is further restructured by omitting "and" in one clause, changing "record." to "record; and", and inserting a new category covering receipt or payment not relatable to the business or operations of the company. en-us Tue, 24 Mar 2026 15:22:12 +0530 Tue, 24 Mar 2026 15:22:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53745 Section 455 is amended to make the action by an inactive company mandatory under sub-section (1) and to revise the Explanation by replacing "financial statements and" with "financial statements or" and "last" with "preceding". The Explanation is further restructured by omitting "and" in one clause, changing "record." to "record; and", and inserting a new category covering receipt or payment not relatable to the business or operations of the company. Act-Rules Bills Tue, 24 Mar 2026 15:22:12 +0530 https://www.taxtmi.com/acts?id=53745