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of <h1>Clause 199: Central Government or Tribunal Can Grant Approvals and Exemptions in Companies Bill, 2011</h1> Clause 199 of the Companies Bill, 2011, outlines the authority of the Central Government or Tribunal to grant approvals, sanctions, consents, confirmations, recognitions, directions, or exemptions related to any matter under the Act. These powers can be exercised with conditions, limitations, or restrictions deemed appropriate, and may be rescinded if violated. Applications to the Central Government or Tribunal must be accompanied by prescribed fees, which can vary based on the type of application or class of company involved.
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