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of <h1>Central Government Can Exempt Certain Companies from Companies Act Provisions Under Section 462 in Public Interest</h1> Section 462 of the Companies Act, 2013, empowers the Central Government to exempt certain classes of companies from specific provisions of the Act. This can be done in the public interest through a notification, which may specify exceptions, modifications, or adaptations. Before issuing such a notification, a draft must be presented to both Houses of Parliament for 30 days. If both Houses disapprove or suggest modifications, the notification must reflect those changes. The period excludes any time when either House is prorogued or adjourned for more than four consecutive days. Notifications must be laid before Parliament after issuance.
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