Section 637A - Power of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications. - Companies Act, 1956

[1] [Grant of approval, etc., subject to conditions and levy of fees on applications Power of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications. [2] [637A. (1) Where the Central Government or Tribunal is required or authorised by any provision of this Act, ___ (a) to accord approval, sanction, consent, confirmation or recognition to or in relation to, any matter; or (b) to give any direction in relation to any matter; or (c) to grant any exemption in relation to any matter, then, in the absence of anything to the contrary contained in such or any other provision of this Act, the Central Government or Tribunal may accord, give or grant such approval, sanction, consent, confirmation, recognition, direction or exemption, subject to such conditions, limitations or restrictions as it may think fit to impose and may, in the case of contravention of any such condition, limitation or restriction, rescind or withdraw such approval, sanction, consent, confirmation, recognition, direction or exemption. (2) Save as otherwise expressly provided in this Act, every application which may be, or is required to be, made to the Central Government or Tribunal under any provision of this Act ___ (a) in respect of any approval, sanction, consent, confirmation or recognition to be accorded by that Government or Tribunal to, or in relation to, any matter; or (b) in respect of any direction or exemption to be given or granted by that Government or Tribunal in relation to any matter; or (c) in respect of any other matter, shall be accompanied by such fee as may be prescribed: Provided that different fees may be prescribed for applications in respect of different matters or in case of applications by companies, for applications by different classes of companies.] --------------------------------------- Notes:- [1] Inserted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 207, w.r.e.f. 8-3-1956. [2] Substituted by the Companies (Second Amendment) Act, 2002, w.e.f a date yet to be notified. Prior to its substitution, section 637A, as inserted by the Companies (Amendment) Act, 1960, w.r.e.f. 8-3-1956, as amended by the Companies (Amendment) Act, 1988, w.e.f 15-7-1988 read as under for the following: Powers of [1] [Central Government or Company Law Board] to accord approval, etc., subject to conditions and to prescribe fees on applications. "637A. (1) Where the [2] [Central Government or Company Law Board] is required or authorised by any provision of this Act, ___ (a) to accord approval, sanction, consent, confirmation or recognition to or in relation to, any matter; (b) to give any direction in relation to any matter; or (c) to grant any exemption in relation to any matter, then, in the absence of anything to the contrary contained in such or any other provision of this Act, the [3] [Central Government or Company Law Board] may accord, give or grant such approval, sanction, consent, confirmation, recognition, direction or exemption, subject to such conditions, limitations or restrictions as it may think fit to impose and may, in the case of contravention of any such condition, limitation or restriction, rescind or withdraw such approval, sanction, consent, confir mation, recognition, direction or exemption. (2) Save as otherwise expressly provided in this Act, every application which may be, or is required to be, made to the [4] [Central Government or Company Law Board] under any provision of this Act ___ (a) in respect of any approval, sanction, consent, confirmation or recogni tion to be accorded by that Government [5] [or Board] to, or in relation to, any matter; or (b) in respect of any direction or exemption to be given or granted by that Government [6] [or Board] in relation to any matter; or (c) in respect of any other matter, shall be accompanied by such fee [7] [* * *] as may be prescribed: Provided that different fees may be prescribed for applications in respect of different matters or in case of applications by companies, for applications by different classes of companies." --------------------------------- Notes:- 1 Substituted by the Companies (Amendment) Act, 1974, Act 41 of 1974, section 37, for "Central Government", w.e.f. 1-2-1975. 2 Substituted by the Companies (Amendment) Act, 1974, Act 41 of 1974, section 37, for "Central Government", w.e.f. 1-2-1975. 3 Substituted by the Companies (Amendment) Act, 1974, Act 41 of 1974, section 37, for "Central Government", w.e.f. 1-2-1975. 4 Substituted by the Companies (Amendment) Act, 1974, Act 41 of 1974, section 37, for "Central Government", w.e.f. 1-2-1975. 5 Inserted by the Companies (Amendment) Act, 1974, Act 41 of 1974, section 37, w.e.f. 1-2-1975. 6 Inserted by the Companies (Amendment) Act, 1974, Act 41 of 1974, section 37, w.e.f. 1-2-1975. 7 The words "not exceeding one hundred rupees" omitted by the Companies (Amendment) Act, 1988, section 62, w.e.f. 15-7-1988.