Section 93 of CA 2013 : Section 93: Omitted

Explanation using Example

Imagine a company called "Healthy Snacks Ltd." had a promoter named Mr. Green who held a significant amount of shares in the company. Initially, Mr. Green owned 40% of the company's shares. In May 2018, Mr. Green decided to sell a portion of his shares, reducing his holding to 25%. Prior to June 13, 2018, Healthy Snacks Ltd. would have been required to file a return with the Registrar of Companies (RoC) detailing the change in the promoter's stake. However, since Section 93 of the Companies Act, 2013 was omitted by the Companies (Amendment) Act, 2017 effective from June 13, 2018, the company no longer needs to file such a return for the change in Mr. Green's shareholding after this date.