Finance Act, 1972

Amendment of section 52 of Finance Act, 1920.

38.—With effect as on and from the 19th day of April, 1972, section 52 (3) of the Finance Act, 1920 , is hereby amended by the deletion, in the definition of “company” contained in the said section 52 (3), of “nor any corporate body which by its constitution is precluded from distributing any profits amongst its members”.