law: Companies (Amendment) Act, 2000
  169.
  
  Substitution of new section for section 376.-
  For
  
  section 376 of the principal Act, the following section shall be substituted,
  
  namely:-
  "376.
  
  Conditions prohibiting reconstruction or amalgamation of company.-Where any
  
  provision in the memorandum or articles of a company, or in any resolution
  
  passed in general meeting by, or by the Board of Directors of, the company, or
  
  in an agreement between the company and any other person, whether made before
  
  or after the commencement of this Act, prohibits the reconstruction of the
  
  company or its amalgamation with anybody corporate or bodies corporate, either
  
  absolutely or except on the condition that the managing director or manager of
  
  the company is appointed or reappointed as managing director or manager of the
  
  reconstructed company or of the body resulting from amalgamation, as the case
  
  may be, shall become void with effect from the commencement of this Act, or be
  
  void, as the case may be."