Section 17. In section 370 of the principal Act, after sub-section (5), and before the Explanation, the following sub-section shall be inserted, namely:

17. In section 370 of the principal Act, after sub-section (5), and before the Explanation, the following sub-section shall be inserted, namely:— "(6) Nothing contained in this section shall apply to a company on and after the commencement of the Act, 1999.".