Amendment of section 2

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.... substituted; (b) in clause (d), for the word and figure "section 3", occurring at both the places, the words, brackets and figures "clause (20) of section 2" shall be substituted; (c) in clause (e), for the words "and occupation", the words "and occupation except any activity which the Central Government may, by notification, exclude" shall be substituted; (d) after cla....

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.... of which, does not exceed twenty-five lakh rupees or such higher amount, not exceeding five crore rupees, as may be prescribed; and (ii) the turnover of which, as per the Statement of Accounts and Solvency for the immediately preceding financial year, does not exceed forty lakh rupees or such higher amount, not exceeding fifty crore rupees, as may be prescribed; or (iii) which m....