Exemption for Section 8 companies: specified board and loan provisions relaxed, subject to filing compliance requirements. The notification amends prior exemptions under section 462 to exempt clause (b) and the first proviso to sub section (1) of section 149 from applying to Section 8 companies, inserts a proviso to sub section (7) of section 186 excluding its application where a company with substantial government shareholding makes loans for industrial research and development in furtherance of its objects, and conditions all tabled exceptions on the Section 8 company having no default in filing financial statements under section 137 or annual return under section 92 with the Registrar.