Exemptions for government companies alter meeting location, director provisions and tribunal role, subject to timely statutory filings. The amendment prescribes exceptions for Government companies: it confines permissible alternate meeting places to within the city, town or village of the registered office; exempts certain director-related provisions for unlisted Government companies majority-owned by governments and their subsidiaries; substitutes the Central Government for the Tribunal in scheme and reconstruction provisions; and makes these exceptions applicable only where the Government company has not defaulted in filing financial statements or annual returns with the Registrar.