Power to modify Act ‑ Provisions of the Act as not applicable or applicable with modification in relation to Government companies - GSR 581(E), - Companies Law
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Applicability modification for government companies exempts them from specified statutory restriction subject to administrative approval. The Central Government directs that section 295 of the Companies Act, 1956 shall not apply to a Government company, subject to the company obtaining approval from the Ministry or Department of the Central Government administratively in charge of the company, or, as applicable, the State Government; the direction is issued under section 620(1) and supersedes an earlier notification except for prior acts.
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.
Applicability modification for government companies exempts them from specified statutory restriction subject to administrative approval.
The Central Government directs that section 295 of the Companies Act, 1956 shall not apply to a Government company, subject to the company obtaining approval from the Ministry or Department of the Central Government administratively in charge of the company, or, as applicable, the State Government; the direction is issued under section 620(1) and supersedes an earlier notification except for prior acts.
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