Sl.
No.
|
Notification
no. and date
|
Provisions
dispensed with
|
Provisions
from which exemption has been granted
|
Section
|
Nature
of Provisions
|
1
|
2
|
3
|
4
|
5
|
1
|
Sec.
263A inserted by Act No. 65 of 1960 (28.12.60)
|
Provision
relating to putting a resolution to vote (Provisions
int he Articles of such company if any for election
of Directors by ballots shall prevail
|
177
|
Voting
to be by show of hands at first instance
|
2
|
Sec.
263A inserted by Act No. 65 of 1960 (28.12.60)
|
Provision
in articles of association relating to electing
the Directors by ballots at AGM shall prevail
|
255,
256 & 263
|
Manner
of appointment of Directors
|
3
|
SO-1578
GI dated 8.7.61
|
Whole
Provisions of Sec. 147 regarding publicatoin
of name and address by a company
|
147
|
Publication
of name of company
|
4
|
-do-
|
Whole
Provisions relating to filing with the Registrar
a return stating names of members and other details
|
160(i)(aa)
|
Annual
Return to accompany details
|
5
|
-do-
|
Whole
provisions relating to holding of AGM during
business hours and on a day which is not a public
holiday. (The time & place of AGM may be
predetermined by Board of Directors subject to
direction of the Company in its general meeting).
|
166(2)
|
AGM
to be called during business hours and on a day
which is not a public holiday
|
6.
|
SO-1578
GI dated 8.7.1961
|
Provision
relating to 21 days clear notice for calling
a general meeting. (Only fourteen days notice
may be given for calling AGM)
|
171(1)
|
Length
of notice for calling meeting
|
7.
|
-do-
|
Provision
relating to retention of books of accounts (Books
of accounts relating to a period of not less
than four years need only be preserved)
|
209(4A)
|
Retention
of books of account for a period not less than
eight years.
|
8.
|
-do-
|
Whole
provisions relating to leaving a notice signifying
candidature for office of Directors
|
257
|
Right
of persons to stand for Directorship
|
9.
|
-do-
|
Consent
for directorship is not required to be filed
with the company
|
264(1)
|
Consent
of candidate for directorship to be filed with
the company and consent to act as a director
to be filed with Registrar
|
10.
|
-do-
|
Provision
relating to holding of meeting of Board of Directors
provided at least one meeting should be held
within every six calendar months
|
285
|
Meeting
of Board of Directors should be held once in
every three calendar months
|
11.
|
-do-
|
Provision
relating to holding of meeting of Board of Directors
(Quorum at a meeting of Board shall be eight
members of 1/4 of its total strength subject
to minimum of two)
|
287
|
Quorum
of meetings
|
12.
|
-do-
|
Interest
to be disclosed in the specified manner only
in respect of contracts to which Sec. 297(1&3)
is applicable
|
299
|
Disclosure
of interests by Directors etc.
|
13.
|
S)-1578
GI dated 8.7.1961
|
Register
of contracts to which Sec. 297(1&3) is applicable
only need by maintained
|
301
|
Maintenance
of Register of contracts, companies and firms
in which Directors are interested
|
14.
|
-do-
|
Provision
relating to sending an abstract of terms of contract
or variations of contract(Such information need
not be sent)
|
302(2)
|
Abstarct
of terms of contract or variations of contract
for appointment of Managing Director and interest
of any Director therin to be sent to the members
|
15.
|
SO-2767
dated 5.8.1964
|
Provisions
relating to recording minutes. If the articles
provide for confirmation of minutes by circulation,
minutes may be recorded within 30 days of conclusion
of every meeting
|
193
|
Minutes
of proceeding of general meeting of Board and
other meetings
|
16.
|
-do-
|
Provisions
relating to obtaining Govt. approval for increasing
number of Directors (Govt. approval not required).
|
259
|
Increase
in number of Directors to require Govt.sanction
|
17.
|
-do-
|
Provisions
relating to exercising/deciding of followingpowers
at a Board Meeting
(a) to borrow money otherwise than on debentures
(b) to invest the funds of the company
(c) to make loans
(These powers may be exercised by circulation instead of at a meeting)
|
292
|
Certain
powers to be exercised by Board only at a meeting
|
18.
|
GSR
No. 73 dated 30.12.1965
|
Copies
of balance sheet and auditors report should be
sent not less than fourteen days before the date
of general meeting
|
219(1)
|
Right
of members to copies of balance sheet and auditor
report
|
19.
|
SO-35E
dated 9.2.1976
|
Provision
relating to appointment of a Secretary (Person
appointed to perform the duties of Secretary
need not possess prescribed qualification)
|
2(45)
|
Secretary
of a company to have prescribed qualification.
|
