fq$ $ do Fro-JJoo4/99 REGD. NO. D. r.-3{0449 tr ffi r.|t{,fil ffiT elteUhe (6sz of flndto srdFlt{lr EXTRAORDINARY ltFl ll-qql 3-3i|-wt (i)
PART ll---Section H[b-lecaioo (l) qrfrfir * lrqtftr{ r$ ffi, {FqR, Yr s, 2o1slrqs 1s, 1e37 I{EW Df,LHI, FruDAY, JUNE 5, 2OI9JYAISTHA 15, I93?
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1v1 WRffi Fc+ft i;rfr +, sq+ Rq * (+{6.in.fr t, {r{ {6 &ft qR i;rfr +, w qRr * q*{ +i Tq a+ qq{r +{ rvffi t+ <r+ ffi s"rcos s'd qT *{ frffsrt "F<i * {*, qqrRcR, l*q {rr6R * tt {"rdc qr{r AqFr {r * s{rsR-6 Gc i s{ i;l-ft qnsrw t wr4T {rq ({rrr< .nI q{+fi or8dqrr frcr tl qF|{-12, sr(r 188 ff qqqRr (1) 6I Tflr 3ft{ qca rfg+ + - rq) Rffi v<fir0 dqft 6Rr ffi Brq F.drft El-ft * qtc ff .rt {ffi qq-+ a{rr* + {titr + crt c-8 dn, (<1 W RrfrFc+rfr ffi d, sq+ ftc * Ft€ {+{< *!-ff t, tff {ffi dR 6-{<r+ + {dE +, ss+ ft-{ li3 ({) ii Rftu t, er{ € An, qR sq i;l-ff i trft riR-{r c r6<n rti } Rvrr +r, * nnsF-r sq * w i;rft qir qr<qrad t o{q-dr {rnr €(6r( +r qqi-<r ilRrrt 6{ ft{r ir qL{|.13, qr.J 196 ff scar{r (2), scflri (4) st{ qrqT{r (5) qrT.r{Etftl 28 sTcrTrc-13, qRf 197 qr{T6 tftl 3{rrnc-13, qr{I 203 ff scsRr (1), ,scqRT (2), scsRr (3) 4t( scqRr (4) scqRr (4) + qqq, ffsRRe scff<r dt:qrR-d ff incrft, erst( r 1+o) qq sI{T ff scsrrr (1), sctnq (2), rqsRr (3) qt rcur{r
(4) + swiu q.dft iil-ff + ffi e-iu Rtn+ qrEr tq fiful qffi errr*r !iis{ dk s-{fi 3mcffi d Cffi tffi+ R?er6 61qrITfr €inr'r 30 ft4rc-29, qI(I 439 ff swr{r(2) sclrr( (2) +, tfr€qR, { -ft+ +{{irr(d fi'erd'sr*qfrcr qrqTrl
2. s.dft iqfr{t, T+s qn"ft t REq (31 C l-*rRRRu or*ii, sciTt!il ilt{ {S6dfr 6r *5vrt++<t gq qq* Mi * Ett ff g{Hr {frfu( +t'ftt g. ir-ff qfufrqq, 2013 ff snr 462 + sq{Rr (2) fi qirsrdsR w q&Ffir ft \'{ cfr {iF( h fft eefi h qqq xmc sq t rd rS *r lsr. {, 1/2/2014-ffqd-Vl qr€c Ri€ qrfrcr, riTm {R-q 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 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 AdrptetiorsChrpter 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 enllreShall 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 $hich the entire puia "f ,ftiti ."pitur is held by the Cenlral Govemment' or-by !"" ii* C.tJ.t*, o, C-ou.m-*tt or by lhe Central GJvemment and one or more Stale Covemmenls or by one or mo.e Govcmmsnt ComPanY.
Chapter VIIL sub-sectior (4) ofsertion 123.
'_ on of AccountingShall not apply to the extent ol applrcarl itanaara tl'(segt.nt n porting) to lhe companies engaSed in Chapter DL section 129.
Chapter lx, clause (e) of sub-section (3) of section I 34.
6 TI-IB GAZB TTT OF INDIA: EXTRAORDINARY [PARr II-SF,C, 3(i)]
10. Chapter Ix, olause (p) of sub-seotion (3) ofseotion 134.
Sh6ll not apply in o.se the dir€otorc ee evaluat€d by the Ministy or D€partnent of the Ce[tral Govemment which is administrtivcly in chargo ofthe compady, or, as the case may be, the Stote Govemment as per its own evaluation nethodolory.
ll Chapter XI, section 149(lxb) and fi$t proviso.lo subsection (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, 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 subsection (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 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€, ' wholetime 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