law: Companies (Amendment) Act, 2000
  107.
  
  Amendment of section 224.-
  In
  
  section 224 of the principal Act,-
  a.   in sub-section (1B),
  
  after the third proviso, the following proviso shall be inserted, namely:-
  
  "Provided also that the provisions of this sub-section shall not apply, on
  
  and after the commencement of the Companies (Amendment) Act, 2000, to a private
  
  company.";
  b.   in sub-section (4),
  
  for the words "five hundred rupees", the words "five thousand
  
  rupees" shall be substituted;
  c.   in sub-section (8),
  
  after clause (a), the following clause shall be inserted, namely:-
  "(aa)
  
  in the case of an auditor appointed under section 619 by the Comptroller and
  
  Auditor-General of India, shall be fixed by the company in general meeting or
  
  in such manner as the company in general meeting may determine.".