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of <h1>India exempts electoral trusts from specific Companies Act provisions, easing operations under section 293A.</h1> The Government of India, through the Ministry of Corporate Affairs, issued an order under the Companies Act, 1956, exempting companies with 'electoral trust' in their name from certain provisions of section 293A. This applies to those incorporated under the Electoral Trusts Scheme, 2013, and licensed under section 25 of the Act. The exemption pertains specifically to clause (b) of sub-section (1) and sub-section (2) of section 293A, facilitating these companies in their operations as electoral trusts. The notification is signed by the Joint Secretary to the Government of India.
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