Section 180 (1) (c) whivch was earlier applicable to all types of Companies but MCA vide its notification dated June 5 , 2015 exempt the applicability of Section 180 (1) (c) to private company.
My query is the exemption still applicable or withdrawn ?
Thanks in advance
Exemption still applicable
YES EXEMPTION IS STILL APPLICABLE. PROVISIONS OF SECTION 180 SHALL NOT BE APPLICABLE TO PRIVATE LIMITED COMPANY VIDE NOTIFICATION DATED 5TH JUNE 2015
Thanks everyone
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