The notification amends Schedule IV of the Companies Act 2013. It makes 4 amendments: 1. In paragraph III, it substitutes the words "acting within his authority" with "act within their authority". 2. In paragraph VI, it substitutes the words "a period of not more than one hundred and eighty days" with "three months". 3. In paragraph VII, it substitutes the words "in a year" with "in a financial year". 4. It inserts a note stating that certain provisions will not apply to government companies if the requirements are specified by relevant government departments and complied with.

1. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY' PART II'
SECTION 3, SUB-SECTION (ii)l
Govemment of India
Minisry of Corporate Affairs
Notification
.h
New Delhi, dated, theS' JulY'2017
s.o. _ (E).- In exercise of the powers conferred by sub-section (1) ofsection 467 of the
companies Act,2013 (18 of 2013), the central Government hereby makes the following
amendments to Schedule IV of the said Act, namely:-
2. In the Companies Act,2013,in Schedule IV, -
(i) in paragraph III, in sub-para (12), for the words "acting within his authority",
the words "act within their authority" shall be substituted;
(ii) in paragraph VI, sub-para (2), for the words " a period of not more than one
hundred and eighty days", the words "three months" shall be substituted;
(iii) in paragraph VII, in sub-para (1), for the words "in a year", the words "in a
financial year" shall be substituted; and
(iv) after paragraph VIII, the following note shall be inserted, namely:-
'Note: The provisions of sub-paragraph (2) and (7) of paragraph II'
paragraph IV, paragraph V' clauses (a) and (b) of sub-paragraph (3) of
paragraph VII and paragraph VIII shatl not apply in the case of a
Govemmentcompanyasdefinedunderclause(45)ofsection2ofthe
Companies Act,20|3 (18 of 2013), if the requirements in respect of matters
specified in these paragraphs are specified by the concerned Ministries or
Departments of the Central Govemment or as the case may be' the State
Govemments and such requirements are complied with by the Government
comoanies."

2. Z. This notification shall come into force on the date of its publication in the Offtcial
Gazette.
[File Number | | 22Q0 p AL-Y -Partl
(^-*#ffib*;l
Joint Secretary to the Government of India

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