4. 4 TIIE CAZETTE OF INDIA ; EXTRAORDINARY IPART 1I--SEC. 3(D]
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MINISTRY OF CORIIORATE AII'AIRS
NOTII'ICATION
New Delhi, the 50lune,2015
G.s.R. ,163(E).-ln exercise of the po*ers oonferred by clauses (a) and (b) of sub-section (1) of
Section 462 and in pursuance of sub-section (2) ofs.id S€ctio[ ofthe Companies Act, 2013 (18 of20l3) and
in supersessiotr of notifioations issued under section 620 of the Companies Act, I 956 ( I of 1956), €xcept as
respec.s.,hin8s Cone or omittcd to be done b€foie such sup€rsession, 'Jre Central GovernDrent, in tlle inGrest of
5. ffl II-qFc 3{i)1
qKd Tl lFil|l | 3TRIqrg
Dublic. herebv directs that certain provisions of the Comp8nies Acl, 2013' as specified in columtr (2) of the
i"ii.,,f*i-i.t "pplv "r
shall apply with such exceptions' modifications and adapiations' as specified in
column (3) ofthe said Table, to a Gov€mment company, namely:-
Urceprioos' Moaifrotions erd Adrptetiors
Chrpter Nomber/Sccaion
rumber/Sub-{ection(s) in
the Compani,s Acg 2013
(l), in clause (a), the words 'in the
csse of a public limited company, or tho last words "Private
Linited" in the case of a pdv.te limiled company' shall be
omitted.
Chapter ll, section 4.
Ififr-*"ti"; (D;ifi;the p-"iso, the following Fovisos
Piovided ftrther that the provisions ofthis sub-section' in so far
as it requires a Propcr instrument of F$sfer.
-to
he duly
s6mped and cxccutcd bi or on behall ot lhe t*Esleror a!!4 oy
.t. nn h"holf of the tt"osferee, sha!! not ap!!Y with resPed ro
bonds issued by a GovemmeDt company, provided that an
. I intl^ution by the transferee speci$ing his name, address and
I occupation, if any, has been deliveied to the company along
wifh'the certificate rclating to the bond; and if no such
certificale is in 6xistenc6, along with the ieiier of allotrnent of
the bond:
Provided also that the provisions of lhis sub-section shall not
apply to a Govemmenfcompany in resPect of securities held
by nominees ofthe Govemment.
Shall not apply.
Chapter VlI, section 89.
Shallnot apply,
l";,,Gfi#(rt f* lh. -"rd. "some olher place $ithin lhe
city, town or vitlage in which the registered ofqce
^of th:
"oinoanv
is situar."lrhe words "such orher place a5 the Cenlral
Couimment may appro.e in lhis behalf' shall be subs ruled
Chapter VII, sub-section (2)
of section 96.
'n trhich lhe enllre
Shall not spply to a Covemmenl Compan) I
paid up share capital is held bv the Centmt C"Ytt.T:"::tj.-E
lnv siate covemmenr o, cot..ttntt or by the Central
covemment and one or more Slale Covernments
Chapter VIII, second Proviso
to sub-section (l) of
section I23.
Sl*ll noi
"pelv
to
"
corrfi^e"rcotp-) in $hich the entire
puia
"f
,ftiti ."pitur is held by the Cenlral Govemment' or-by
!"" ii* C.tJ.t*, o, C-ou.m-*tt or by lhe Central
GJvemment and one or more Stale Covemmenls or by one or
mo.e Govcmmsnt ComPanY.
Chapter VIIL sub-sectior (4)
ofsertion 123.
'_ on of Accounting
Shall not apply to the extent ol applrcarl
itanaara tl'(segt.nt n porting) to lhe companies engaSed in
Chapter DL section 129.
Chapter lx, clause (e) of
sub-section (3) of section I 34.
6. 6 TI-IB GAZB TTT OF INDIA: EXTRAORDINARY [PARr II-SF,C, 3(i)]
10. Chapter Ix, olause (p) of
sub-seotion (3) ofseotion 134.
Sh6ll not apply in o.se the dir€otorc ee evaluat€d by the
Ministy or D€partnent of the Ce[tral Govemment which is
administrtivcly in chargo ofthe compady, or, as the case may
be, the Stote Govemment as per its own evaluation
nethodolory.
ll Chapter XI, section 149(lxb)
and fi$t proviso.lo sub-
section (l) of section 149.
shsll nol rpply.
t2. Ch"pto Xl clause (a) of
sub-section (6) ofsection 149.
I! s€otion 149, in suLsecrion (6), in clause (a), for the wo.d
"Boad', the words "Minisrry or Depadment of lhe Ceotal
Govemmont $hich is adninistratively in cha.ge of lhe
company, ori as the oase may be, the State Govemment" shall
be substitut€d.
13. Chapter XI, clause (c) of
sub-rection (6) ofseotion 149.
shell not apply.
14. Chapter XI, sub-seotion (5) of
section 152.
Shsll not apply where appoinhnent of suoh dircctor is done by
$e Centrel Covemment or State Govemment, as the oose may
be.
Chapter XI, sub-sections (6)
ard (7) of se.tion I 52.
Shall not epply to -
(a) a Govemment Cornpany in which the entire paid up shore
capital is held by the Certral Govemment, or by .ny Stlte
Gov€mment or Covemments or by the Central Covemment
and one or more State Govemments;
ft) a subsidiary of a Govemment company, refenEd to in (a)
above, in which the entire paid up sharc capital is held by that
Govemment company.
t6. ChapGrXI, section 160. Shall not apply to-
(.) a Govemment Company in which fte entire paid up share
capital is held by the Central Covemment, or by any Stat€
Govemmert or Coverrinetrts or by the Cenhal Gov€mment
and on€ or more State Govemments;
(b) a subsidiary of a Govenrment compant refered to in (a)
abov€, in which the entir€ paid up share capital is held by that
Govemmgnt company.
t7. Chapter XI, section 162. Shall noi apply to
-
(a) a Govemment Company in which the entire paid up sharc
capital is held by the Centlal Govenment, or by any St6te
Govemment or Govemments or by lhe C€ntral Covemment
and one or more State Govemments;
O) a subsidiary of a covernment compant refemd to in (s)
above, in which the entire paid up share capital is held by that
Govemmetrt company.
It. Chapter Xl section 163. Shall not spply to-
(a) a Gove ncnt Compary in which lhe entite paid up sbste
capital is held by the Central Govemment, or by eny Statc
Gov€mment or Govemments or by the Centml Govemm€nt
aqd one or more State Govemments:
(b) a subsidiary of a Cov€rnment company, refened to in (a)
above, in which the entire paid up shar€ capital is held by that
Government company,
7. tqFr n-qF€ 3(i)l qRl Sl IFfltr | qslrrt(tl 7
19. Chapt€r Xl sub-seotion (2) of
s€ction 164.
Shall not apply.
20. Chapter XI, section | 70. Shall not apply to a Covemment Company in which the entire
sharc copital is held by the Cenhal Covemment, or by atry
Stat€ Govemmenl or Cov€mments or by the Centra.l
Govamment or by one or more State Covemments. l
2t. Chapter XI, section 171 Shall not apply to a Govemment Company i! which the entir€
share capital is held by the Central Government, or by any
State Colemmont or Governments or by the Cenhal
Govommont or by one or more Slate Govemments.
22. Chapter XII, cleuse (i) of sub-
section (4) ofsection 177.
In clause (i) of sub section (4) of the sectiotr I 77, for the words
"recommendation for appointrnent, rcmunention and telms of
appointment" tho words "recornmendation for remMeration"
shall bo substituted.
Chapte. Xll sub-s€ctions (2),
(3) and (4) ofse.tion 178.
Shall not apply to Covemment company except with regard to
appointnent of'senioa managemgnt' and other employees.
)A Sha!! !'d apply to Gove!!!!!e!t ao!4la!!y i!! case slch .4!!!pr'!)/
obtains .pproval of the Ministry or Department of the Cenhal
Goverunetrt which is admidstraiivoly in oharge oi ihe
companyi or, as the case may b€, thc Slate Govemment befoiB
making any loal or giving any guaiante€ or providing ary
security under the section.
25. Chapter Xll, section I 86. Shall nor apply to -
(.) a Govemment company engaged in defence
production;
(b) a Covemment company, other th.n a listed compary,
in case such company obtains approval ofthe Ministry
or DeparfiEnt of the Central Govemment *'hich is
adrninisbatively in chalge of the company, or, as the
case may be, the State Gov€mment before making any
loan or giving any guarantee or Foviding any s€curity
or making any investment under the section.
26. Chapter Xn, first and s€cond
pmviso to sub-section (l) of
section I t8.
Shall mt apply to -
(s) a Govonunent oompany in resp€ct of conhacts or
orrangements entered into by it with any otiet Covemment
compary;
(b) a Covemment company, other than a listed company, in
respoot of oontncts or anangements other than those referred to
in clause (a), in oa.se such compalry obtains approval of the
Ministry or Depaftnent of tle Centml Covernment which is
administEtively in oharge ofthe company, or, as the case may
b€. the Strte Govemment before entering into such contract or
arlallE€ment,
27. Chapter XIII, sub-sections (2),
(4) and (5) ofsection 196,
shall not apply,
28. Chapter XII[, section 197 Shall not apply..
29. Ch&pter XllI, sub-sections (l ),
(2), (3) and (4) of section 203 .
Aft€r sub-section (4), the following sub-section shall be
insertcd, namolyr
8. TIIE GA.ZETTE OF INDIA: EXTRAORDINARY ART x-sEc. 3(Dl
llltE prorffi;Ailffio.s (l)' (2), (3) and (4) of tbis
riA6r Oitt lot apply to a monaging dir€ctor or chief
n*ecutive OfRcB" or ma"+er and in theit absenc€,
'
whole-
time direotor oftho Govedment Compatry."
ffib--"octlot (2) lhfiilt "the R"gistrar, a shareholder of
the coppany, or of' shall be omifted.
2, The Govemment compades, while complying with such €xceltions' modificalions and adaptations'
* rp""i-il- i;;i; (3) of tire aforesaid rabb,-shill €nsur€ that the interests of thBir sharchold€rs are
proGcted.
r'"*'-i.
e
"opv
.r ois notific.tiotr has be€n laid in draft before both Honses of parliarncot as requit€d by
$lb s€ctiotr (2) ;f s€ction 462 of the Codpani€s Act' 201 3'
lF No l/ 2 /2014{L'-Vl
AMARDEEP SINGH BHATIA, Jt SecY'
ffi Roa4 Ma)'Pui Ncw D'lhi'l 10064
' nd-Published b thc Controller oi Publicattong DeLnF I I Lr'54
![2 TIIE GAZETTE OF INDIA: BXTMORDINARY IPART II.'-sEc, 3(D]
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