Competition Act, 2002
|
Amendment of Industrial and Provident Societies Act, 1893. |
51.—The Industrial and Provident Societies Act, 1893 , is amended— | |
(a) in section 51, by the substitution for “For the purposes of this Act” of “Subject to section 51A of this Act, for the purposes of this Act”, and | ||
(b) by the insertion of the following section after section 51: | ||
“51A. In relation to special resolutions for the purposes of sections 52 and 53 of this Act, section 51 of this Act shall have effect as if— | ||
(a) in paragraph (a) ‘of not less than three fourths’ were deleted, and | ||
(b) in paragraph (b), ‘where such special resolution is passed by a majority of less than three fourths of such members,’ were inserted before ‘confirmed’.”. |