Delegation of powers rescinded: central government withdraws regional directors' authority over share-transfer functions under company law. The Central Government rescinds its prior delegation to Regional Directors of its functions under sub section (1D) of section 108 of the Companies Act, 1956 concerning transfer of shares; the prior delegation had limited exercise to companies within each Regional Director's jurisdiction and required that such exercise be subject to supervisory control by the central oversight body.
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Delegation of powers rescinded: central government withdraws regional directors' authority over share-transfer functions under company law.
The Central Government rescinds its prior delegation to Regional Directors of its functions under sub section (1D) of section 108 of the Companies Act, 1956 concerning transfer of shares; the prior delegation had limited exercise to companies within each Regional Director's jurisdiction and required that such exercise be subject to supervisory control by the central oversight body.
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