What is Annual report by Central Government What are Power to exempt class or classes of companies from provisions of this Act Section 461 and 462 of Indian Companies Act 2013

Annual report by Central Government and Power to exempt class or classes of companies from provisions of this Act are defined under Section 461  and 462 of Indian Companies Act 2013. Provisions under these Sections are:

Section 461 of Indian Companies Act 2013 "Annual report by Central Government"

The Central Government shall cause a general annual report on the working and administration of this Act to be prepared and laid before each House of Parliament within one year of the close of the year to which the report relates.

Section 462 of Indian Companies Act 2013 "Power to exempt class or classes of companies from provisions of this Act"

(1) The Central Government may in the public interest, by notification direct that any of the provisions of this Act,

(a) shall not apply to such class or classes of companies; or

(b) shall apply to the class or classes of companies with such exceptions, modifications and adaptations as may be specified in the notification.

(2) A copy of every notification proposed to be issued under sub-section (1), shall be laid in draft before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in disapproving the issue of the notification or both Houses agree in making any modification in the notification, the notification shall not be issued or, as the case may be, shall be issued only in such modified form as may be agreed upon by both the Houses.

 

What is Annual report by Central Government What are Power to exempt class or classes of companies from provisions of this Act Section 461 and 462 of Indian Companies Act 2013

What is Power of court to grant relief in certain cases What is Prohibition of association or partnership of persons exceeding certain number Section 463 and 464 of Indian Companies Act 2013

What is Repeal of certain enactments and savings Section 465 of Indian Companies Act 2013

What is Dissolution of Company Law Board and consequential provisions What are the Power of Central Government to amend Schedules Section 466 and 467 of Indian Companies Act 2013

What are Powers of Central Government to make rules relating to winding up What is Power of Central Government to make rules What is Power to remove difficulties Section 468, 469 and 470 of Indian Companies Act 2013

 

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