Exemptions for Government companies: related-party provisos excluded for government-to-government contracts and approved unlisted deals. Where shares with differential voting rights exist, 'paid-up share capital' is to be construed as total voting power. Certain words in the company type description are omitted. The first and second provisos to the related-party transaction provision do not apply to contracts between Government companies or with the Central/State Government; unlisted Government companies are also exempt for other contracts if they obtain prior approval from the administratively responsible Central Ministry/Department or the State Government.
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.
Exemptions for Government companies: related-party provisos excluded for government-to-government contracts and approved unlisted deals.
Where shares with differential voting rights exist, "paid-up share capital" is to be construed as total voting power. Certain words in the company type description are omitted. The first and second provisos to the related-party transaction provision do not apply to contracts between Government companies or with the Central/State Government; unlisted Government companies are also exempt for other contracts if they obtain prior approval from the administratively responsible Central Ministry/Department or the State Government.
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