Producer companies may be exempted or subject to adapted Companies Act provisions, with parliamentary draft scrutiny and disapproval. The Central Government may, by notification, exclude provisions of the Companies Act (other than those in the Producer Companies Chapter) from applying to Producer Companies or apply them with specified exceptions or adaptations to classes of Producer Companies. Every proposed notification must be laid in draft before both Houses of Parliament for thirty days (in one or more sessions); if both Houses agree to disapprove or to modify the notification before the end of the immediately following session, the notification shall not be issued or shall be issued only in the agreed modified form.
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.
Producer companies may be exempted or subject to adapted Companies Act provisions, with parliamentary draft scrutiny and disapproval.
The Central Government may, by notification, exclude provisions of the Companies Act (other than those in the Producer Companies Chapter) from applying to Producer Companies or apply them with specified exceptions or adaptations to classes of Producer Companies. Every proposed notification must be laid in draft before both Houses of Parliament for thirty days (in one or more sessions); if both Houses agree to disapprove or to modify the notification before the end of the immediately following session, the notification shall not be issued or shall be issued only in the agreed modified form.
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