Exemption for Government companies: specified Companies Act provisions declared inapplicable, modifying disclosure and director appointment rules. Central Government, under section 620(1)(a) of the Companies Act, 1956, notified that specified sections shall not apply to Government companies: Section 187C on disclosure of beneficial interest in shares (GSR 232); Sections 198, 259, 268, 269, 309, 310, 311, 387 and 388 concerning appointment and remuneration of managing/whole time directors and managers (GSR 235); and the proviso to sub section (1) of Section 297 requiring prior Central Government approval for contracts between Government companies (GSR 233).