Exemptions to Section 8 (Non-Profit) under section 462 of CA 2013

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....omitted to be done before such supersession, the Central Government in the interest of public, hereby directs that certain provisions of the Companies Act, 2013, as specified in column (2) of the Table, shall not apply or shall apply with such exceptions, modifications and adaptations, as specified in column (3) of the said Table, to a body to which a licence is granted under the provisions of the aforesaid section 8, namely :- Serial Number Provisions of the Act Exceptions, Modifications and Adaptations (1) (2) (3) 1. Clause (24) of section 2. The provisions of clause (24) of section 2 shall not apply 2. Clause (68) of section 2 The   requirement  of  having   minimum paid-u....

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....0), (11),  clause  (i) of sub-section (12) and   sub-section (13) of  section 149. Shall not apply. 10. Section 150. Shall not apply. 11. Proviso to sub-section (5 of section  152. Shall not apply. 12. Section 160. Shall   not  apply  to  companies  whose articles provide for election of directors by ballot. 13. Sub-section (1) of section 165. Shall not apply. 14. Sub-section (1) of section  173. Shall apply only to the extent that the Board of Directors, of such Companies shall  hold at least one meeting within every six calendar months. 15. Sub-section (1) of section 174. ....

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....bsp;Research and Development projects in furtherance of its objects as stated in its memorandum of association. 20. Section 189. Shall apply only if the transaction with reference to section  188 on the basis of terms and conditions of the contract or  arrangement exceeds one lakh rupees. 2. The companies covered under section 8 of the Companies Act, 2013, while complying with such exceptions, modifications and adaptations, as specified in column (3)  of the  aforesaid Table,  shall  ensure that the interests of their shareholders are protected. ^3[ 2A. The exceptions, modifications and adaptations provided in column (3) of the aforesaid Table shall be applicable to a company covered under ....