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Oil and Natural Gas Commission notified as body corporate by Central Government for the purposes of sub-clause (c)
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Body corporate designation confirms a public commission's classification under company law provisions for corporate status.
The Central Government designates the Oil and Natural Gas Commission as a body corporate for the purposes of sub clause (c) of clause (7) of section 2 of the Companies Act, 1956, pursuant to the enabling provision in that Act and by reference to the Commission's establishment under a separate statute, thereby aligning its legal classification with corporate entities under company law.
Special provisions -Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to companies in Goa, Daman and Diu
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Modification of Companies Act applicability for Portuguese-origin limited companies in specified territories; specified sections excluded or limited.
Direction under section 620B modifies the applicability of the Companies Act, 1956 for Sociedade por quotas responsabilidade limitada formed under the Portuguese Commercial Code and incorporated in Goa, Daman and Diu on or before 30 June 1965, prescribing that specified Act provisions shall not apply or shall apply with stated exceptions, modifications and adaptations, and limiting that regime until 31 December 1965.
Special provisions -Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to companies in Goa, Daman and Diu
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Applicability of Companies Act provisions limited for companies in Goa Daman and Diu; specified sections disapplied or modified.
Central Government, under section 620B as extended to Goa, Daman and Diu, directed that all provisions except sections 1 and 3 did not apply to existing companies for an earlier period, and that from the notification date until the terminal date specified in the notification certain provisions listed in the annexed Schedule shall not apply or shall apply with the exceptions, modifications and adaptations specified in the corresponding entries, including numerous sections wholly disapplied and several sections applicable only to particular sub sections or with exclusions.

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Acts Income Tax