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

Companies Law - F. No. 1/2/2014-CL.I - Dated:- 5-6-2015 - [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Corporate Affairs Notification New Delhi, the 05th June, 2015 G.S.R. 466 (E). - In exercise of the 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 notific .....

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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-up share capital shall not apply. 3. Clause (71) of section 2 The requirement of having minimum paid-up share capital shall not apply. 4. Sub-section (2) of section 96. In sub-section (2), after the proviso and before t .....

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s a whole except that minutes may be recorded within thirty days of the conclusion of every meeting in case of companies where the articles of association provide for confirmation of minutes by circulation 7. Sub-section (1) of section 136 In sub-section (1), for the words "twenty one days", the words "fourteen days" shall be substituted. 1[8. Clause (b) and first proviso to sub-section (1) of section 149. Shall not apply.] 9. Sub-sections (4), (5), (6), (7), (8), (9), (10), .....

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every six calendar months. 15. Sub-section (1) of section 174. In sub-section (1),- (a) for the words "one-third of its total strength or two directors, whichever is higher", the words "either eight members or twenty five per cent. of its total strength whichever is less" shall be substituted; (b) the following proviso shall be inserted, namely:- "Provided that the quorum shall not be less than two members". 16. Sub-section (2) of section 177. The words "with i .....

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