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of <h1>Central Government Can Delegate Powers Under Section 458 of Companies Act, 2013, Except Rule-Making Authority</h1> Under Section 458 of the Companies Act, 2013, the Central Government is authorized to delegate its powers or functions, except the power to make rules, to specified authorities or officers through a notification. Such delegation is subject to specified conditions, limitations, and restrictions. Additionally, every notification issued must be presented before each House of Parliament promptly after issuance. The provision regarding delegation of powers related to forward dealing and insider trading to the Securities and Exchange Board was omitted by the Companies (Amendment) Act, 2017.
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