Clause 40
Amendment of section 179
BillNot in forceProvision 40 of 58
Clause 40
Section 179 of the Companies Act is amended by inserting, immediately after subsection (7), the following subsection:“(8) For the purposes of this section, any reference to a member of a company does not include the company itself where it is such a member by virtue of its holding shares as treasury shares.”.