Section 34 - Amendment of section 130 - Companies (Amendment) Act, 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. .