What is Protection of action taken in good faith? What is Nondisclosure of information in certain cases? What is Delegation by Central Government of its powers and functions? Section 456, 457 and 458 of Indian Companies Act 2013

Protection of action taken in good faith, Nondisclosure of information in certain cases and Delegation by Central Government of its powers and functions are defined under Section 456, 457  and 458 of Indian Companies Act 2013. Provisions under these Sections are:

Section 456 of Indian Companies Act 2013 "Protection of action taken in good faith"

No suit, prosecution or other legal proceeding shall lie against the Government or any officer of the Government or any other person in respect of anything which is in good faith done or intended to be done in pursuance of this Act or of any rules or orders made there under, or in respect of the publication by or under the authority of the Government or such officer, of any report, paper or proceedings.

 
Section 457 of Indian Companies Act 2013 "Nondisclosure of information in certain cases"

Notwithstanding anything contained in any other law for the time being in force, the Registrar, any officer of the Government or any other person shall not be compelled to disclose to any court, Tribunal or other authority, the source from where he got any information which -

(a) has led the Central Government to order an investigation under section 210; or

(b) is or has been material or relevant in connection with such investigation.

Section 458 of Indian Companies Act 2013 "Delegation by Central Government of its powers and functions”

(1) The Central Government may, by notification, and subject to such conditions, limitations and restrictions as may be specified therein, delegate any of its powers or functions under this Act other than the power to make rules to such authority or officer as may be specified in the notification:

Provided that the powers to enforce the provisions contained in section 194 and section 195 relating to forward dealing and insider trading shall be delegated to Securities and Exchange Board for listed companies or the companies which intend to get their securities listed and in such case, any officer authorised by the Securities and Exchange Board shall have the power to file a complaint in the court of competent jurisdiction.

(2) A copy of every notification issued under sub-section (1) shall, as soon as may be after it is issued, be laid before each House of Parliament.

What is Compounding of certain offences? What is Mediation and Conciliation Panel? Section 441 and 442 of Indian Companies Act 2013

What is Power of Central Government to appoint company prosecutors? What is appeal against acquittal? What is Compensation for accusation without reasonable cause? Section 443, 444 and 445 of Indian Companies Act 2013

What is Application of fines? What is Punishment for fraud? What is Punishment for false evidence? Section 446, 447 and 448 of Indian Companies Act 2013

What is Punishment for false evidence? What is Punishment where no specific penalty or punishment is provided? What is Punishment in case of repeated default? Section 449, 450 and 451 of Indian Companies Act 2013

What is Punishment for wrongful withholding of property? What is Punishment for improper use of “Limited” or “Private Limited”? Section 452 and 453 of Indian Companies Act 2013

What is Adjudication of penalties? What is Dormant company? Section 454 and 455 of Indian Companies Act 2013

What is Protection of action taken in good faith? What is Nondisclosure of information in certain cases? What is Delegation by Central Government of its powers and functions? Section 456, 457 and 458 of Indian Companies Act 2013

What is Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications? What is Condonation of delay in certain cases? Section 459 and 460 of Indian Companies Act 2013

 

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