Amendment of section 56.

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..... or a specified fund shall be substituted; (b) after the proviso, the following proviso shall be inserted, namely:- Provided further that where the provisions of this clause have not been applied to a company on account of fulfilment of conditions specified in the notification issued under clause (ii) of the first proviso and such company fails to comply with any of those conditions, then, any cons .....

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..... is regulated under the Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992.); (ab) trust means a trust established under the Indian Trusts Act, 1882 (2 of 1882.) or under any other law for the time being in force; ; (ii) in clause (viii), for the words, brackets, letters and figures claus .....

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