Transfer instrument formalities exempted for government company bonds when transferee delivers specified intimation with certificate or allotment.
An exemption directs that the usual requirement for a duly stamped and executed instrument of transfer shall not apply to bonds issued by a Government company provided the transferee delivers an intimation specifying name, address and occupation with the bond certificate or, if no certificate exists, with the letter of allotment; the notification has been laid in draft before both Houses of Parliament as required.

Exemption from annual general meetings permits venue flexibility outside the registered locality subject to post meeting registrar disclosure.
Companies with registered offices in Punjab that have foreign nationals as directors or shareholders are exempted from holding annual general meetings at their registered offices or within the same city, town or village, provided that each such company, within fifteen days of the meeting, furnishes to the Registrar of Companies details of the date and venue and the names of foreign nationals who attended; the exemption is valid only until the terminal date specified in the notification.

Delegation of powers rescinded: central government withdraws regional directors' authority over share-transfer functions under company law.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.

Deposit exemption for small-scale industrial units subject to limits on paid-up capital, depositor count, and no public invitations.
Notification GSR 48(E) exempts specified small scale industrial units from section 58A of the Companies Act, 1956, provided they meet four cumulative conditions: a prescribed ceiling on paid up capital, acceptance of deposits from no more than a prescribed number of persons, no public invitation for deposits, and a prescribed cap on aggregate deposits (or the company's paid up capital, whichever is less). The notification defines small scale industrial unit by state registration and a prescribed investment ceiling in plant and machinery and adopts the Companies (Acceptance of Deposits) Rules, 1975 definition of "deposit."