Delegation of powers under companies law: central government amends prior notification to raise the prescribed monetary threshold. Delegation of Powers under the Companies Act is amended by substituting higher prescribed monetary limits in an earlier government notification. The Central Government revises the figures appearing in column (2) of the Table in the earlier notification, replacing the previously prescribed lower monetary amount with a higher amount for the entries corresponding to numbers 1 and 2, thereby altering the prescribed threshold applicable to those items.
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.
Delegation of powers under companies law: central government amends prior notification to raise the prescribed monetary threshold.
Delegation of Powers under the Companies Act is amended by substituting higher prescribed monetary limits in an earlier government notification. The Central Government revises the figures appearing in column (2) of the Table in the earlier notification, replacing the previously prescribed lower monetary amount with a higher amount for the entries corresponding to numbers 1 and 2, thereby altering the prescribed threshold applicable to those items.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
