law: Companies (Amendment) Act, 2000
  123.
  
  Amendment of section 247.-
  In
  
  section 247 of the principal Act,-
  (a)
  
  sub-section (4) shall be omitted;
  (b)
  
  in sub-section (5),-
  (i)
  
  the words "or of any managing agent, secretaries and treasurers, or
  
  associate" shall be omitted;
  (ii)
  
  the words "managing agent, secretaries and treasurers, or associate"
  
  at both the places where they occur, shall be omitted;
  (iii)
  
  the words "or of the managing agent, secretaries, treasurers or
  
  associate" shall be omitted.