Act Info:
In section 5 of the principal Act, --
(i) in clause (a),---
(a) in sub-clause (i), for item (B), the following item shall be substituted, namely:--
"(B) in India or outside India, in aggregate, the assets of the value of more than five hundred million US dollars, including at least rupees five hundred crores in India, or turnover more than fifteen hundred million US dollars, including at least rupees fifteen hundred crores in India; or";
(b) in sub-clause (ii), for item (B), the following item shall be substituted, namely:--
"(B) in India or outside India, in aggregate, the assets of the value of more than two billion US dollars, including at least rupees five hundred crores in India, or turnover more than six billion US dollars, including at least rupees fifteen hundred crores in India; or";
(ii) in clause (b),--
(a) in sub-clause (i), for item (B), the following item shall be substituted, namely:--
"(B) in India or outside India, in aggregate, the assets of the value of more than five hundred million US dollars, including at least rupees five hundred crores in India, or turnover more than fifteen hundred million US dollars, including at least rupees fifteen hundred crores in India; or";
(b) in sub-clause (ii), for item (B), the following item shall be substituted, namely:--
"(B) in India or outside India, in aggregate, the assets of the value of more than two billion US dollars, including at least rupees five hundred crores in India, or turnover more than six billion US dollars, including at least rupees fifteen hundred crores in India; or";
(iii) in clause (c),--
(a) in sub-clause (i), for item (B), the following item shall be substituted, namely:--
"(B) in India or outside India, in aggregate, the assets of the value of more than five hundred million US dollars, including at least rupees five hundred crores in India, or turnover more than fifteen hundred million US dollars, including at least rupees fifteen hundred crores in India; or";
(b) in sub-clause (ii), for item (B), the following item shall be substituted, namely:--
"(B) in India or outside India, in aggregate, the assets of the value of more than two billion US dollars, including at least rupees five hundred crores in India, or turnover more than six billion US dollars, including at least rupees fifteen hundred crores in India.".