Companies act 2013

Tara Khandelwal (Student CA Final ) (298 Points)

23 May 2014  

Friends,

What does except proviso to sub-section mean in the Companies Act 2013?

For Example:

Section 140 [except second proviso to sub-section(4) and sub-section(5).

Does it mean that these sub-sections are not yet notified and not applicable as of now?