9911796707
TMI BlogExemptions to Section 8 (Non-Profit) under section 462 of CA 2013X X X X Extracts X X X X X X X X Extracts X X X X ..... powers conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) of said section read with section 8 of the Companies Act, 2013 (18 of 2013), and in supersession of notifications issued under section 25 of the Companies Act, 1956 (1 of 1956) except as respects things done or omitted to be done before such supersession, the Central Government in the int ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (2), after the proviso and before the explanation, the following proviso shall be inserted, namely:- Provided further that the time, date and place of each annual general meeting are decided upon before-hand by the board of directors having regard to the directions, if any, given in this regard by the company in its general meeting. 5. Sub-section (1) of section 101 In sub-section (1), for t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o 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 month ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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[19A. Sub-section (7) of section 186. In sub-section (7), the following proviso shall be inserted, namely:- Provided that nothing contained in this sub-section shall apply to a company in which twenty-six per cent or more of the paid-up share ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be applicable to a company covered under section 8 of the said Act which has not committed a default in filing its financial statements under section 137 or annual return under section 92 of the said Act with the Registrar. ] 3. A copy of this notification has been laid in draft before both Houses of Parliament as required by sub-section 2013. [F NO 1/2/2014-CL.I] Amardeep Singh Bhatia Join ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
