Government Companies - Power to modify Act Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to Government companie https://www.taxtmi.com/notifications?id=23754 Where the entire paid up capital of a company is held by the Central Government and its nominees or by a State Government and its nominees, section 370 shall not apply to that Government company; provided that such company must obtain the approval of the Central Government or the State Government, as the case may be, before making any loan or giving any guarantee or providing any security. en-us Mon, 20 Feb 1978 00:00:00 +0530 Tue, 21 Jun 2011 15:39:00 +0530 TaxTMI RSS Generator Government Companies - Power to modify Act Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to Government companie https://www.taxtmi.com/notifications?id=23754 Where the entire paid up capital of a company is held by the Central Government and its nominees or by a State Government and its nominees, section 370 shall not apply to that Government company; provided that such company must obtain the approval of the Central Government or the State Government, as the case may be, before making any loan or giving any guarantee or providing any security. Notifications Companies Law Mon, 20 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23754