Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to Government companies - GSR 577(E), - Companies Law
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Exemption of government owned companies from specified Companies Act provisions, altering applicability and compliance obligations accordingly. Central Government notification GSR 577(E) dated 16 7 1985 directs that specified provisions of the Companies Act, 1956 shall not apply, or shall apply with modification, to companies whose entire paid up share capital is held by the Central Government, a State Government, or the Central Government together with one or more State Governments, exercising the power under clause (a) of sub section (1) of section 620 and laid in draft before both Houses of Parliament as required.
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.
Exemption of government owned companies from specified Companies Act provisions, altering applicability and compliance obligations accordingly.
Central Government notification GSR 577(E) dated 16 7 1985 directs that specified provisions of the Companies Act, 1956 shall not apply, or shall apply with modification, to companies whose entire paid up share capital is held by the Central Government, a State Government, or the Central Government together with one or more State Governments, exercising the power under clause (a) of sub section (1) of section 620 and laid in draft before both Houses of Parliament as required.
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