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of <h1>Government Companies Exempt from Section 108 of Companies Act for Shares Held by Nominees per GSR 579(E) Notification</h1> The Central Government, exercising its authority under the Companies Act, 1956, has issued a directive stating that Section 108 of the Act will not apply to Government companies concerning shares held by government nominees. This notification, identified as GSR 579(E) and dated July 16, 1985, was presented in draft form before both Houses of Parliament as mandated by the Act.
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