Rulemaking power of recognised associations requires central government approval and can override company law inconsistencies. A recognised association may make or amend rules on membership admission, member grouping with reserved governing-body seats and specified modes of election, restrictions and regulation of voting rights including one-member-one-vote and proxy limitations, retirement provisions for directors at annual general meetings, and incidental measures to implement these rules; such rules require Central Government approval and publication, may be modified by the Government prior to approval, and when published are deemed valid despite any repugnancy with company law, with transitional preservation for earlier rules.
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.
Rulemaking power of recognised associations requires central government approval and can override company law inconsistencies.
A recognised association may make or amend rules on membership admission, member grouping with reserved governing-body seats and specified modes of election, restrictions and regulation of voting rights including one-member-one-vote and proxy limitations, retirement provisions for directors at annual general meetings, and incidental measures to implement these rules; such rules require Central Government approval and publication, may be modified by the Government prior to approval, and when published are deemed valid despite any repugnancy with company law, with transitional preservation for earlier rules.
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