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8. Amendment of section 141.- In Section 141 of the principal Act, in sub-section (1), after the proviso, the following proviso shall be inserted, namely:-

"Provided further that where a person is nominated as a Director of a company by virtue of his holding any office or employment in the Central Government or State Government or a financial corporation owned or controlled by the Central Government or the state Government, as the case may be, he shall not be liable for prosecution under this Chapter.".

 

 

 

 

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