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    Exemption for companies from provisions of sub‑sections (1) to (7) of section 58A with respect to deposits received
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    Exemption from deposit provisions for eligible non banking companies issuing commercial paper, subject to RBI conditions and disclosure.
    The Central Government exempts non banking companies that satisfy the RBI's eligibility criteria in the 1989 Directions from the provisions of sub sections (1) to (7) of section 58A in respect of deposits received by issue of commercial paper, subject to compliance with RBI terms and conditions for issuance and mandatory annual account disclosure of the maximum amount raised during the year and the amount outstanding at year end.
    Recognised stock exchange ‑ Notified by Central Government in pursuance of clause (39).
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    Recognised stock exchange list notified by Central Government, identifying specified exchanges and later additions updated.
    Recognised stock exchange status has been granted by Central Government notification pursuant to clause (39) of section 2, by an enumerated list of named regional and national exchanges establishing their status under the Companies law framework. The instrument records subsequent additions by separate notifications and a 2012 insertion adding an additional exchange to the notified list.
    Ceiling on certification of annual return by members in practice - Notification issued pursuant to clause (2) of Part II of Second Schedule to Company Secretaries Act, 1980
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    Ceiling on certification by company secretaries: members limited to signing annual returns for a capped number of listed companies.
    A practising member entitled to sign annual returns is deemed guilty of professional misconduct if he signs annual returns of more than thirty listed companies in a calendar year; for firms the ceiling applies to each partner entitled to sign, and the restriction is operative for annual returns signed on or after the specified operative date in 1989, under clause (2) of Part II of the Second Schedule to the Company Secretaries Act, 1980.
    Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to Government companies
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    Accrual accounting exception for government financing companies permits undisclosed accrued interest if disclosed by note in annual accounts.
    Notification GSR 550(E) excludes application of clause (b) of sub section (3) of section 209 of the Companies Act, 1956 to Government companies financing industrial projects approved under the Income tax Act, limited to accrued interest on loans and advances not accounted for; such unaccounted accrued interest must be disclosed by way of a note in the annual accounts.

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      Companies Law

      Exemption for companies from provisions of sub‑sections (1) to (7) of section 58A with respect to deposits received - GSR 1075(E), - Companies Law

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      Exemption from deposit provisions for eligible non banking companies issuing commercial paper, subject to RBI conditions and disclosure.
      The Central Government exempts non banking companies that satisfy the RBI's eligibility criteria in the 1989 Directions from the provisions of sub ... Summary

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      ActsIncome Tax