Amendment of section 2.

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..... ause,- (a) the expression "significant influence" means control of at least twenty per cent. of total voting power, or control of or participation in business decisions under an agreement; (b) the expression "joint venture" means a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement;'; (ii) f .....

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..... ot;subsidiary", the words "or associate company" shall be inserted; (v) in clause (46), the following Explanation shall be inserted, namely:- 'Explanation.-For the purposes of this clause, the expression "company" includes any body corporate;'; (vi) clause (49) shall be omitted; (vii) in clause (51),- (a) in sub-clause (iv), the word "and" shall be .....

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..... erted; (xi) in clause (76), for sub-clause (viii), the following sub-clause shall be substituted, namely:- "(viii) any body corporate which is- (A) a holding, subsidiary or an associate company of such company; (B) a subsidiary of a holding company to which it is also a subsidiary; or (C) an investing company or the venturer of the company;"; Explanation.-For the purpose of th .....

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..... g power" shall be substituted; (xiv) for clause (91), the following clause shall be substituted, namely:- '(91) "turnover" means the gross amount of revenue recognised in the profit and loss account from the sale, supply, or distribution of goods or on account of services rendered, or both, by a company during a financial year;'. -
Statute, statutory provisions legislatio .....

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