Exemption to Government Companies under section 462 of CA, 2013

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.... sub-section (2) of section 462 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act), the Central Government, in the interest of public, hereby amends the notification of the Government of India, in the Ministry of Corporate Affairs, vide number G S.R. 463(E) dated the 5th June, 2015 published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i),....

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.... thereto, the following serial number and the entries relating thereto shall be substituted, namely:- (1) (2) (3) " 15. Chapter Xl, sub-sections (6) and (7) of section 152 Shall not apply to - (a) a Government company, which is not a listed company, in which not less than fifty-one per cent. of paid up share capital is held by the Central Government, or by any State Government or Gove....