This section is not applicable for specified IFSC Public Companies vide Exemption Notification to specified IFSC Public Companies, GSR 08 (E) dated 04.01.2017. To view the notification Click Here
Substituted vide Companies (Amendment) Act, 2017 dated 03.01.2018, Effective from 7th May,2018
To view commencement notification, Click Here
To view the notification of Companies Amendment Act,2017 Click Here
Refer Rule 6-Companies (Meetings of Board and its Powers) Rules,2014.To view the rule, Click Here
In respect of section 8 companies, the words “with independent directors forming a majority” shall be omitted vide notification no. G.S.R. 466(E) dated 5th June, 2015. To view the notification, Click Here
Explanation. – For the purposes of this Act, the term ‘start-up’ or “start-up company” means a private company incorporated under the Companies Act, 2013 (18 of 2013) or the Companies Act, 1956 (1 of 1956) and recognised as start-up in accordance with the notification issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry.
For Government Company, in section 177(4)(i), for the words “recommendation for appointment, remuneration and terms of appointment” the words “recommendation for remuneration” shall be substituted vide notification no. G.S.R. 463(E) dated 5th June, 2015.
(The exceptions, modifications and adaptations provided above shall be applicable only to those Government Companies which has not committed a default in filing its financial statements under section 137 of the said act or annual return under section 92 of the said act with the registrar, vide notification dated 13th June, 2017)
To view the notification, Click Here
Provided Proviso inserted vide Companies Amendment Act,2015. And effective from 14-12-2015, vide notification S.O 3388(E). To view the notification, Click Here
Refer Rule 6A-Companies (Meetings of Board and its Powers)Second Amendment Rules, 2015.To view the rule, Click Here
Provided further tha t Inserted vide Companies (Amendment) Act, 2017 dated 03.01.2018, Effective from 7th May,2018.
Provided also that Inserted vide Companies (Amendment) Act, 2017 dated 03.01.2018 Effective from 7th May,2018.
Provided also that Inserted vide Companies (Amendment) Act, 2017 dated 03.01.2018, Effective from 7th May,2018
Refer Rule 7-Companies (Meetings of Board and its Powers) Rules,2014.To view the rule, Click Here
