Power of Central Government to Make Rules (1) The Central Government may, by notification, make rules for carrying out the provisions 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 the matters which by this Act are required to […]

Powers of Central Government to Make Rules Relating to Winding Up Section 468 of the Companies Act, 2013 outlines the authority of the Central Government to establish rules for the winding up of companies. These rules must align with the Code of Civil Procedure, 1908 and cover various aspects specified by the Act. The section

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 effect as if enacted in this Act and shall come into force

Dissolution of Company Law Board and Consequential Provisions (1) Notwithstanding anything contained in section 465, the Board of Company Law Administration constituted under the Companies Act, 1956 (hereafter in this section referred to as the Company Law Board) shall stand dissolved on the constitution of the Tribunal and the Appellate Tribunal: Provided that until the Tribunal and the Appellate Tribunal is constituted, the

Repeal of Certain Enactments and Savings (1) The Companies Act, 1956 and the Registration of Companies (Sikkim) Act, 1961 (hereafter in this section referred to as the repealed enactments) shall stand repealed: 1[Omitted] 2[Provided that] until a date is notified by the Central Government under subsection (1) of section 434 for transfer of all matters, proceedings or

Prohibition of Association or Partnership of Persons Exceeding Certain Number (1)No association or partnership consisting of more than such number of persons as may be prescribed shall be formed for the purpose of carrying on any business that has for its object the acquisition of gain by the association or partnership or by the individual members thereof, unless it

Power of Court to Grant Relief in Certain Cases (1) If in 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 of the negligence, default, breach of duty, misfeasance or breach of

Power to Exempt 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) shall apply to the class or classes of companies with such

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.

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 reasons to be recorded in writing, condone the