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<h1>Exemptions for private companies: specified Companies Act provisions relaxed or modified, subject to shareholder protections.</h1> Notification under section 462 directs that specified Companies Act provisions shall not apply to, or shall apply with modifications to, private companies; key measures include permitting omission of cash flow statements for start-ups and small companies, conditional relaxations of related-party transaction and share-issue rules subject to member consent and borrowing thresholds, modified deposit acceptance and filing obligations, reduced board meeting and disclosure requirements for one person companies, small companies and start-ups, and conditional applicability linked to non-default in statutory filings.