In section 63 of the principal Act,- (1) after sub-section (2) the following sub-section (2A) is added:-

“(2A) Sub-section (2) Evidence of the following details should be submitted for the following purposes:-
(a) If the founder has deposited the amount of the share consideration agreed to be received in the company's bank account, or (b) If the company has received the amount of the share consideration from assets or equity other than cash, then the appraiser according to the prevailing law shall evaluate such property and verify it by the auditor and be verified by the board of directors. Proof of acceptance.

(2) In sub-section (5) instead of the words “in sub-section (2)” the words “elsewhere in this Act” are substituted.

(3 ) in the restrictive phrase of sub-section (6) "shall commence business." Instead of the words "the business shall be commenced and the company shall not be deemed to have automatically received approval to commence business merely because it is registered". Six:- "(7) Notwithstanding anything written elsewhere in this Act, a company converted from a private company to a public company in accordance with Section 13 of the Act shall not conduct any business as a public company without obtaining approval to commence business in accordance with this Section."