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Section 25 companies exemption: tailored relaxations on governance, meeting, record and director provisions under company law. The notification grants bodies licensed under section 25 specified exemptions from provisions of the Companies Act, 1956, detailing full or partial reliefs on appointment qualifications for secretarial duties, meeting notice and dispatch periods, minutes recording timelines, preservation of books, board meeting frequency and quorum, circulation resolutions, limited registers of contracts, and modified application of provisions governing election and removal of directors where articles provide alternative mechanisms.
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.
Section 25 companies exemption: tailored relaxations on governance, meeting, record and director provisions under company law.
The notification grants bodies licensed under section 25 specified exemptions from provisions of the Companies Act, 1956, detailing full or partial reliefs on appointment qualifications for secretarial duties, meeting notice and dispatch periods, minutes recording timelines, preservation of books, board meeting frequency and quorum, circulation resolutions, limited registers of contracts, and modified application of provisions governing election and removal of directors where articles provide alternative mechanisms.
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