Amendment of section 2.

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..... this clause,- ( 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 ) for clause ( 28 .....

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..... iate 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 omitted; ( b ) for sub-clause ( v ), the following sub-clauses s .....

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..... :- ( 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 this clause, the investing company or the venturer of a company means a body corporate whose investment in the company .....

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