Exemption for government-controlled entities excludes certain statutory share transfer requirements for transfers involving those bodies. The provisions governing share transfers in sections 108A to 108D do not apply to transfers to a company in which the Central Government holds a controlling interest, nor to transfers by corporations established under Central Acts or by financial institutions, except that sub-section (2) of section 108A remains applicable.
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Provisions expressly mentioned in the judgment/order text.
Exemption for government-controlled entities excludes certain statutory share transfer requirements for transfers involving those bodies.
The provisions governing share transfers in sections 108A to 108D do not apply to transfers to a company in which the Central Government holds a controlling interest, nor to transfers by corporations established under Central Acts or by financial institutions, except that sub-section (2) of section 108A remains applicable.
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