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MCA Electoral Trust Notification

(To be published in Part II, Section 3, Sub-section (ii) of the Gazette of India Extraordinary) Dated       ,2013

Government of India

Ministry of Corporate Affairs

New Delhi, the 7th November, 2013 

Order

S.0 (E)  In exercise of the powers conferred by sub-section (6) of section 25 of the Companies Act, 1956 (1 of 1956) (hereinafter referred to as the said Act), the Central Government hereby directs that the companies incorporated with the name containing the expression “electoral trust” and approved in accordance with the procedure laid down in the Electoral Trusts Scheme, 2013, notified vide number S.O. 309 (E), dated 3151 January, 2013, and to which licence is granted under section 25 of the said Act, shall be exempt from the provisions of clause (b) of sub-section (1) and sub-section (2) of section 293A of the said Act which has since been replaced by sub-section (1) of section 182 of the Companies Act, 2013 (18 of 2013) and notified vide number S.O. 2754(E) dated 12th September,2013.

[F. No 17/27/2013-CL-V]

(Renuka Kumar)

Joint Secretary to the Govt. of India

(Original Order Attached)

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