Section 201, 216, 223, 236, 247 and 366 of Companies Amendment Act 2017

Amendment of section 201 of Companies Act 2013

70. In section 201 of the principal Act,- (a) in sub-section (1), for the words "this Chapter", the word and figures "section 196" shall be substituted; (b) in sub-section (2), in clause (a), for the words "any of the sections aforesaid", the word and figures "section 196" shall be substituted.

Amendment of section 216 of Companies Act 2013

71. In section 216 of the principal Act, in sub-section (1),-
(i) in clause (b), for the word "company", the words "company; or" shall be substituted;
(ii) after clause (b), the following clause shall be inserted, namely:-
"(c) who have or had beneficial interest in shares of a company or who are or have been beneficial owners or significant beneficial owner of a company.".

Amendment of section 223 of Companies Act 2013

72. In section 223 of the principal Act, in sub-section (3), after the words "may be obtained", the words "by members, creditors or any other person whose interest is likely to be affected" shall be inserted.

Amendment of section 236 of Companies Act 2013

73. In section 236 of the principal Act, in sub-sections (4), (5) and (6), for the words, "transferor company", wherever they occur, the words "company whose shares are being transferred" shall be substituted.

Amendment of section 247 of Companies Act 2013

74. In section 247 of the principal Act, in sub-section (2), in clause (d), for the words "during or after the valuation of assets", the words "during a period of three years prior to his appointment as valuer or three years after the valuation of assets was conducted by him" shall be substituted.

Amendment of section 366 of Companies Act 2013

75. In section 366 of the principal Act, in sub-section (2),-
(i) for the words "seven or more members", the words "two or more members" shall be substituted;
(ii) in the proviso, after clause (vi), the following clause shall be inserted, namely:-
"(vii) a company with less than seven members shall register as a private company.".