Section 459 - Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications

Government or tribunal approvals under the Act: conditions can be imposed, breached approvals withdrawn, and applications require prescribed fees.

Authorises the Central Government or the Tribunal, where any provision of the Act requires or permits them to accord approval, sanction, consent, confirmation, recognition, direction or exemption, to impose such conditions, limitations or restrictions as they consider fit, unless the Act provides otherwise; on contravention of any such condition, limitation or restriction, they may rescind or withdraw the approval, sanction, consent, confirmation, recognition, direction or exemption, thereby terminating or reversing the granted relief. Prescribes that, unless otherwise provided in the Act, every application made or required to be made to the Central Government or the Tribunal under the Act must be accompanied by prescribed fees, with flexibility to prescribe different fees for different matters or for different classes of companies.