Clause 34 - Amendment of section 130. - Companies (Amendment) Bill, 2017

Amendment of section 130. 34. In section 130 of the principal Act,- ( i ) in sub-section ( 1 ), in the proviso,- ( a ) after the words regulatory body or authorities concerned , the words or any other person concerned shall be inserted; ( b ) after the words the body or authority concerned , the words or the other person concerned shall be inserted; ( ii ) after sub-section ( 2 ), the following sub-section shall be inserted, namely:- ( 3 ) No order shall be made under sub-section ( 1 ) in respect of re-opening of books of account relating to a period earlier than eight financial years immediately preceding the current financial year: Provided that where a direction has been issued by the Central Government under the proviso to sub-section ( 5 ) of section 128 for keeping of books of account for a period longer than eight years, the books of account may be ordered to be re-opened within such longer period. .