Section 93: Return to be filed with Registrar in case promoter’s stake changes
The section, clause by clause
What the section says
In plain terms
Omitted by the Companies Act, 2017 (1 of 2018), s. 24 (w.e.f. 13-6-2018).
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
Amendment notes
- 1. Ins. by Act 1 of 2018, s. 23 (w.e.f. 5-3-2021).
- 2. Subs. by S.O. 1177 (E), dated 29th April, 2014 for certain words (w.e.f. 29-4-2014).
- 3. The words “within the time as specified, under section 403” omitted by Act 1 of 2018, s. 23 (w.e.f. 7-5-2018).
- 4. Subs. by Act 22 of 2019, s. 15, for sub-section (5) (w.e.f. 2-11-2018).
- 5. Subs. by Act 29 of 2020, s. 20, for “fifty thousand rupees” (w.e.f. 21-12-2020).
- 6. Subs. by s. 20, ibid., for “five lakh rupees” (w.e.f. 21-12-2020).
- 7. Subs. by s. 20, ibid., for “punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees” (w.e.f. 21-12-2020).
- 8. The words “and the Registrar has been given a copy of the proposed special resolution in advance” omitted by Act 1 of 2018, s. 25 (w.e.f. 13-6-2018).
- 9. The proviso ins. by Act 1 of 2018, s. 25 (w.e.f. 13-6-2018).
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.