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

caknowledge news

Exemptions to Section 8 (Non-Profit) under section 462 of CA 2013. Hi Friends MCA Issued New Circular for Exemptions to Section 8 (Non-Profit) under section 462 of CA 2013. Scroll Down Below and Check Complete News.

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

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 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 interest of public, hereby directs that certain provisions of the Companies Act, 2013, as specified in column (2) of the Table, shall not apply or shall apply with such exceptions, modifications and adaptations, as specified in column (3) of the said Table, to a body to which a licence is granted under the provisions of the aforesaid section 8, namely –

Click Here to Download Complete Official Circular by MCA

2. The companies covered under section 8 of the Companies Act, 2013, while complying with such exceptions, modifications and adaptations, as specified in column (3) of the aforesaid Table, shall ensure that the interests of theif shareholders are protected.

3. A copy of this notification has been laid in draft before both Houses of Parliament as required by sub-section (2) of section 462 of the Companies Act, 2 013.

Recommended Articles

Leave a Reply

Your email address will not be published. Required fields are marked *