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

Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications Condonation of delay in certain cases are defined under Section 459  and 460 of Indian Companies Act 2013. Provisions under these Sections are:

Section 459 of Indian Companies Act 2013 "Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications"

(1) Where the Central Government or the Tribunal is required or authorised by any provision of this Act -

(a) to accord approval, sanction, consent, confirmation or recognition to, or in relation to, any matter; or

(b) to give any direction in relation to any matter; or

(c) to grant any exemption in relation to any matter,

 
then, the Central Government or the Tribunal may in the absence of anything to the contrary contained in that provision or any other provision of this Act, accord, give or grant such approval, sanction, consent, confirmation, recognition, direction or exemption, subject to such conditions, limitations or restrictions as it may think fit to impose and may, in the case of a contravention of any such condition, limitation or restriction, rescind or withdraw such approval, sanction, consent, confirmation, recognition, direction or exemption.

(2) Save as otherwise provided in this Act, every application which may be, or is required to be, made to the Central Government or the Tribunal under any provision of this Act -

(a) in respect of any approval, sanction, consent, confirmation or recognition to be accorded by that Government or the Tribunal to, or in relation to, any matter; or

(b) in respect of any direction or exemption to be given or granted by that Government or the Tribunal in relation to any matter; or

(c) in respect of any other matter, shall be accompanied by such fees as may be prescribed:

Provided that different fees may be prescribed for applications in respect of different matters or in case of applications by different classes of companies.

Section 460 of Indian Companies Act 2013 "Condonation of delay in certain cases"

Notwithstanding anything contained in this Act, -

(a) where any application required to be made to the Central Government under any provision of this Act in respect of any matter is not made within the time specified therein, that Government may, for reasons to be recorded in writing, condone the delay; and

(b) where any document required to be filed with the Registrar under any provision of this Act is not filed within the time specified therein, the Central Government may, for reasons to be recorded in writing, condone the delay.

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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