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In exercise of the powers conferred by clause (a) of sub-section (1) of section 620 of the Companies Act, 1956 (1 of 1956), the Central Government hereby directs that clause (g) of sub-section (1) of section 274 of the said Act shall not apply to a Government company, a copy of this notification having been laid in draft before both Houses of Parliament as required by sub-section (2) of section 620 of the said Act.
In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 read with section 383A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies.
Corrigendum to the Notification No. 715(E) dated 19.6.03 regarding effective date of some sections of the Competition Act, 2002.
It is further clarified that companies under inspection/investigation, or indicated in “vanishing” companies list or “plantation” company or any company involved in any of the stock market scams will not be covered by Simplified Exit Scheme. ROCs/RDs should refer to the Department if they have any doubt about any company.
directs that the provisions of the said Act, specified in column (1) of Schedule III annexed to the notification of the Government of India, in the erstwhile Department of Company Law Administration number G.S.R. 978 dated the 28th May, 1963 shall not apply and/or, as the case may be, shall apply with the exceptions, modifications and adaptations specified in the corresponding entry in column
grant immunity subject to the provisions contained in the Scheme from instituting and proceeding for prosecution for any offence under the Act, or from the imposition of penalty under the Act for the time being in force in respect of matters covered in the aforesaid declaration made by the declarant.
offer interest on fixed and recurring deposits not exceeding the maximum rate of interest prescribed by the Reserve Bank of India that the Non Banking Financial Companies can pay on their public deposits;”
In exercise of the powers conferred by section 58A read with section 642 of the Companies Act, 1956 ( 1 of 1956), the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules further to amend the Companies (Acceptance of Deposits) Rules, 1975,
In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes an advisory committee to be called the National Advisory Committee on Accounting Standards consisting of the following persons to advise the Central Government on the formulation and laying down of accounting policies
directed to forward herewith a copy of the Notification published in the Gazette of India for your information and necessary action
