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of <h1>Act widens 'company' definition by removing assessment-year limit in Bill limb (c), watch transitional and evidence needs</h1> The definitional clause for 'company' in the passed Act and the originally introduced Bill is substantially similar but diverges in a material drafting point: the Bill's limb (c) confines entities previously assessable as a company under the repealed Act to specific assessment years, whereas the Act omits that temporal qualification, potentially broadening transitional coverage. Most other discrepancies are drafting, cross-reference or formatting variations with limited substantive effect, though they may affect narrow transitional or interpretive outcomes. Practitioners should rely on the final Act text, preserve evidence of historical assessment status, shareholding/listing data and statutory thresholds, and watch for any separate transitional or savings provisions.
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