Section 9. The word "and" omitted by s. 11, ibid. (w.e.f. 26-12-2014)

9. The word "and" omitted by s. 11, ibid. (w.e.f. 26-12-2014). 10. Clause (ii) omitted by s. 11, ibid. (w.e.f. 26-12-2014). 11. Subs. by Act 41 of 1999, s. 30 and the First Schedule, for " Explanation 1 " (w.e.f.19-4-2000). (ii) if any shares of the company are held— (a) by a public limited company, of which such person is a member holding more than ten per cent of the paid-up capital, or (b) by a private limited company, of which such person is a member, or (c) by a company, of which such person is a managing director, manager,[1] * or in which he has a controlling interest, or (d) by a firm in which such person is a partner, or (e) by such person jointly with others, such part of the total paid-up holding of the company or firm or of the total joint holding in those shares, as is proportionate to the contribution made by such person to the paid-up capital of the company, the paid-up capital of the firm or the joint holding, as the case may be. 2* * * * * 6AA . [Manner of divesting excess shareholding by promoter in certain cases].— Omitted by the Insurance Laws (Amendment) Act , 2015 (5 of 2015), s. 12 ( w.e.f. 26-12-2014).