What dose that mean

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Querist : Anonymous (Querist)

20 October 2013 what dose that SAVING means
in companies act
E.g see section 273 of companies act,1956

CA Manish

CA Manish (Expert)
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23 October 2013 Sec 273 - Saving.

Sections 270 (Time within which share qualification is to be obtained and maximum amount thereof) and 272 (Penalty for Non compliance) shall not apply to a private company, unless it is a subsidiary of a public company.

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