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of <h1>Government Companies Exempt from Sections 165, 187D, 294, and 294AA(2)(3) of Companies Act 1956 via GSR 578(E) Notification</h1> The Central Government, utilizing its authority under the Companies Act, 1956, has issued Notification No. GSR 578(E) dated July 16, 1985. This notification declares that sections 165, 187D, 294, and sub-sections (2) and (3) of section 294AA of the Companies Act will not apply to government companies. The notification was presented in draft form before both Houses of Parliament as mandated by the Act.
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