Chapter XXIX Miscellaneous (447 - 470) Section 470- Power to remove difficulties (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions, not inconsistent with the provisions of this Act, as appear to it to be necessary… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 469- Power of Central Government to make rules (1) The Central Government may, by notification, make rules for carrying out the purposes of this Act. (2) Without prejudice to the generality of the provisions of sub-section (1), the Central Government may make rules for all or any of… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 468- Power of Central Government to make rules relating to winding up (1) The Central Government shall, make rules consistent with the Code of Civil Procedure, 1908 providing for all matters relating to the winding up of companies, which by this Act, are to be prescribed, and may… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 467- Power of Central Government to amend Schedules (1) Subject to the provisions of this section, the Central Government may, by notification, alter any of the regulations, rules, Tables, forms and other provisions contained in any of the Schedules to this Act. (2) Any alteration notified under sub-section (1) shall have… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 463- Power of Court to grant relief in certain cases (1) If any proceeding for negligence, default, breach of duty, misfeasance or breach of trust against an officer of a company, it appears to the court hearing the case that he is or may be liable in respect… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 462- Power to exempt a class or classes of companies from provisions of this Act (1) The Central Government may in the public interest, by notification direct that any of the provisions of this Act,” (a) shall not apply to such class or classes of companies; or (b)… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 461- Annual report by Central Government The Central Government shall cause a general annual report on the working and administration of this Act to be prepared and laid before each House of Parliament within one year of the close of the year to which the report relates. Read More
Chapter XXIX Miscellaneous (447 - 470) Section 460- Condonation of delay in certain cases Notwithstanding anything contained in this Act,” (a) where any application required to be made to the Central Government under any provision of this Act in respect of any matter is not made within the time specified therein, that Government may, for… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 459- Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications (1) Where the Central Government or the Tribunal is required or authorised by any provision of this Act” (a) to accord approval, sanction, consent, confirmation or recognition to… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 458- Delegation by Central Government of its powers and functions (1) The Central Government may, by notification, and subject to such conditions, limitations and restrictions as may be specified therein, delegate any of its powers or functions under this Act other than the power to make rules to… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 457- Non-disclosure of information in certain cases Notwithstanding anything contained in any other law for the time being in force, the Registrar, any officer of Government or any other person shall not be compelled to disclose to any court, tribunal or other authority the source from where he… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 456- Protection of action taken in good faith No suit, prosecution or other legal proceeding shall lie against the Government or any officer of Government or any other person in respect of anything which is in good faith done or intended to be done in pursuance of this… Read More
Chapter XXIX Miscellaneous (447 - 470) Section 453- Punishment for improper use of "Limited" or "Private Limited" If any person or persons, trade or carry on business under any name or title of which the word Limited or the words Private Limited, or any contraction or imitation thereof is or are the last word or… Read More