182. Amendment of section 407.- In section 407 of the principal Act,- (a) in sub-section (1), in clause (b),- (i) the words "managing agent, secretaries and treasurers," at both the places where they occur, shall be omitted; (ii) the words "managing agent or secretaries and treasurers" shall be omitted; (b) in sub-section (2),- (A) in clause (a),the words "managing agent, secretaries and treasurers" shall be omitted; (B) clause (b) shall be omitted; (C) in clause (c), for the words "five thousand rupees", the words "fifty thousand rupees" shall be substituted. |