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        Companies Law

        Section 616 - Application of Act to insurance, banking, electricity supply and other companies governed by special Acts.

        Companies Act, 1956
        Chapter XIII
        GENERAL

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        Application of Companies Act to regulated companies is subject to inconsistencies with their governing special Acts. Section 616 states that the provisions of the Companies Act apply to companies governed by special Acts - including insurance, banking and electricity supply companies - only insofar as those provisions are not inconsistent with the relevant special Act; the rule also covers companies under any other special Act and permits the Central Government to notify statutory bodies as subject to the Companies Act with specified exceptions, modifications, or adaptations.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Application of Companies Act to regulated companies is subject to inconsistencies with their governing special Acts.

                              Section 616 states that the provisions of the Companies Act apply to companies governed by special Acts - including insurance, banking and electricity supply companies - only insofar as those provisions are not inconsistent with the relevant special Act; the rule also covers companies under any other special Act and permits the Central Government to notify statutory bodies as subject to the Companies Act with specified exceptions, modifications, or adaptations.


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