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    Power to modify Act ‑ Provisions of the Act as not applicable or applicable with modification in relation to Government companies
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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.
    Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to Government companies
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    Section 205A exemption: central direction excludes its application to wholly government owned companies, superseding prior notification
    The Central Government, exercising powers under clause (a) of sub section (1) of section 620 of the Companies Act, 1956, directs that section 205A shall not apply to a Government company whose entire paid up share capital is held by the Central Government or by any State Government or Governments or by the Central Government and one or more State Governments, and the notification supersedes the earlier GSR 231 of 1978.
    Notifying provisions of the Act as not applicable or applicable with modification in relation to Government companies
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    Exemption from Section 108: shares held by government nominees in government companies are not subject to that provision.
    Notification GSR 579(E) directs that a specified statutory provision of the Companies Act shall not apply to a Government company in respect of shares held by nominees of the Government, issued under the Central Government's statutory power and laid before both Houses of Parliament as required.
    Government Companies - Power to modify Act ‑ Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to Government companies
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    Government company exemption: specified Companies Act provisions directed not to apply, draft laid before Parliament.
    Central Government notification exercising its power to direct that specified provisions of the Companies Act shall not apply to a Government company, and stating that the draft notification was laid before both Houses of Parliament as required.
    Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to Government companies
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    Exemption of government owned companies from specified Companies Act provisions, altering applicability and compliance obligations accordingly.
    Central Government notification GSR 577(E) dated 16 7 1985 directs that specified provisions of the Companies Act, 1956 shall not apply, or shall apply with modification, to companies whose entire paid up share capital is held by the Central Government, a State Government, or the Central Government together with one or more State Governments, exercising the power under clause (a) of sub section (1) of section 620 and laid in draft before both Houses of Parliament as required.
    Delegation of powers to Registrars of Companies
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    Delegation of powers to registrars clarifies transfer of specified Companies Act enforcement functions to registrars.
    The Central Government delegates, under clause (b) of sub section (1) of section 637 of the Companies Act, 1956, its powers and functions to the Registrars of Companies in respect of Section 21, sub section (1) of Section 31, sub section (4) of Section 43A, sub section (1D) of Section 108, and Section 572.

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      ActsIncome Tax