Instead of Section 20 of the original Act, the following Section 20 has been placed:-"20. Regulations:-

(1) To clarify the nature and purpose of the company and to organize the operations of the company. In order to operate in this way, the company should make its own rules.

(2) The following things should be mentioned in the rules of the company:- (a) Name of the company,

(b) Address of the registered office of the company,< /p>

(c) Objectives of the company

d) Works to achieve the objective of the company,

(e) Number of the authorized capital of the company, the number of the share capital to be issued immediately by the company. The number accepted by the founder for immediate payment,

(f) Kinds of shares of the company, the rights, rights vested in such shares, the value of each share and the number of different types of shares,

(g) Purchase or transfer of shares. If there is any restriction to do so,

(h) the number of shares agreed to be taken by the founders immediately,

(h) terms of payment of the amount of shares,

(j) ) Maximum number of shareholders in case of a private company,

(t) How to call the general meeting of the company, things related to the notice to be given for the meeting,

(l) In case of a private company, whether to call the general meeting or not matter,
(d) Procedures of the general meeting,

(h) Number of directors, if there is an arrangement for alternate directors and the tenure of directors,

(n) Record of decisions of the general meeting and board of directors and a copy thereof and arrangements related to inspection,

(t) qualification and number of independent directors in case of a public company,

(t) if any professional person other than the shareholder is appointed as director on behalf of the shareholder, their number, tenure, Arrangements related to qualification and appointment process

D) Rights and duties of the Managing Committee and Managing Director,

(D) Quorum of the meeting of the Managing Committee, notice of the meeting and procedure of the meeting,

(n) Shares of different classes and vestings, rights and restrictions on such shares,

(p) Demand for payment of amount for shares and arrangements related to forfeiture of shares,

(f) Shares transfer sumBonding arrangement, (b) Increase and decrease of share capital, (c) If the company can purchase its own shares, (m) Appointment of Company Secretary, (y) Remuneration, allowances and facilities of directors, (r) Use of company seal if using seal in business,

(l) Accounts, accounts and audit of the company,

(v) Arrangements for collecting debt or debentures,

(h) Any provision in the prevailing law that should be disclosed in the regulations of a company doing a particular business. If arranged, such thing, (f) If there is any other necessary thing, it should be disclosed gradually. /p>

(a) If the founder or any other person buys shares in any way other than cash or gets rights to the shares,

(b) when the company starts business from the founder or any other person (c) If the company itself has to bear the expenses incurred during the establishment of the company, (d) the founder or any other person If any special concession or right is obtained from the company.

(4) As mentioned in clause (a) of sub-section (3), when the founder or any other person purchases shares in any way other than cash or the right to shares. When receiving anything other than cash and as mentioned in clause (b), when the company receives any property from the founder or any other person, the property shall be appraised by a certified engineer or accounting professional for valuation in accordance with the prevailing law in the case of a public company.< /p>

(5) According to sub-section (4) the basis for valuing any property shall be as specified and if it is not specified, the person valuing such property shall mention the basis for valuing the details of the property.

(6) of the regulation If any provision is in conflict with this Act, it shall be void automatically to the extent of the conflict.

(7) Form of RegulationsCha will be as prescribed.