Amendment of section 2

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....anation.-For the purpose of this clause,- (a) the expression "significant influence" means control of at least twenty per cent. of total voting power, or control of or participation in business decisions under an agreement; (b) the expression "joint venture" means a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of t....

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....use (41), in the first proviso, after the word "subsidiary", the words "or associate company" shall be inserted; (v) in clause (46), the following Explanation shall be inserted, namely:- 'Explanation.-For the purposes of this clause, the expression "company" includes any body corporate;'; (vi) clause (49) shall be omitted; (vii) in clause (51),- (a) in sub-clause....

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.... be inserted; (xi) in clause (76), for sub-clause (viii), the following sub-clause shall be substituted, namely:- "(viii) any body corporate which is- (A) a holding, subsidiary or an associate company of such company; (B) a subsidiary of a holding company to which it is also a subsidiary; or (C) an investing company or the venturer of the compa....