Exemptions to Government Companies under section 462 of the CA 2013

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....ion 462 of the Companies Act, 2013 (18 of 2013), the Central Government, in the public interest, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Corporate Affairs, 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), dated the 5th June 2015, namely :- ....

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....ating thereto, the following serial number and entries shall be substituted, namely:- (1) (2) (3) "26. Chapter Xll, first and second proviso to sub-section (1) of section 188. Shall not apply to - (a) a Government company in respect of contracts or arrangements entered into by it with any other Government company, or with Central Government or any State Government or any combination th....