Sayings for company in which public are substantially interested
Sayings for company in which public are substantially interested.
108. Nothing contained in section 104 shall apply
(a) to any company in which the public are substantially interested ; or
(b) to a subsidiary company of such company if the whole of the share capital of such subsidiary company has been held by the parent company or by its nominees throughout the previous year.
[As amended by the Finance Act, 1972]