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In exercise of the powers conferred by sub-section (2) of section 4A of the Companies Act, 1956 (1 of 1956), the Central Government hereby specifies the following institution to be a public financial institution and for that purpose makes the following amendment in the Notification of the Government of India, in the Ministry of Law, Justice and Company Affairs.
In exercise of the powers conferred by sub-section (2A) of section 217 read with clause (a) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies (Particulars of Employees) Rules, 1975, namely
Nominee Directors appointed by the Public Financial Institutions and Companies established under the Acts of Parliament having non-obstante provisions over the Companies Act, 1956, like IDBI, LIC, UTI, IIBI etc., in their respective statutes shall not be liable to be disqualified for appointment as directors by virtue of Section 274(1)(g) of the Companies Act, 1956.
It has been already clarified in Departmental Circular No. 6/2001 dated 20.08.2001 that the term “auditors” includes Cost Auditor and hence “scope of audit including observations of the auditors” occurring in the above sub-section includes the scope of audit including observations of the Cost Auditors as well.
S.O 285(E).- 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 makes the following further amendments in the notification of Government of India, in the Ministry of Law, Justice and Company Affairs, (Department of Company Affairs), number S.O. 841(E) dated the 29th August, 2001
Compounding of offence under Section 621A of the Companies Act, 1956 – companies under liquidation – clarification.
Use of Information Technology in cash transaction of listed companies for payment of dividends.
directed to forward herewith a copy of the following Notification published in the Gazette of India (Extraordinary) for your information and necessary action.
S.O. 169(E).- 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 makes the following amendments in the notification of Government of India, in the Ministry of Law, Justice and Company Affairs, Department of Company Affairs, number S.O. 841(E) dated the 29th August, 2001
G.S.R. 77(E). – 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, namely.
