Section 42 - Amendment of section 141 - Companies (Amendment) Act, 2017

Amendment of section 141. 42. In section 141 of the principal Act, in sub-section (3), for clause (i), the following clause shall be substituted, namely:- (i) a person who, directly or indirectly, renders any service referred to in section 144 to the company or its holding company or its subsidiary company. Explanation. -For the purposes of this clause, the term directly or indirectly shall have the meaning assigned to it in the Explanation to section 144. .