{"id":82326,"date":"2023-12-04T18:16:57","date_gmt":"2023-12-04T12:46:57","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=act&#038;p=82326"},"modified":"2023-12-04T18:17:00","modified_gmt":"2023-12-04T12:47:00","slug":"section-462","status":"publish","type":"act","link":"https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-462\/","title":{"rendered":"Section 462. Power To Exempt Class Or Classes Of Companies From Provisions Of This Act"},"content":{"rendered":"\n<p>(1) The Central Government may in the public interest, by notification direct that any of the provisions of this Act,<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(a) shall not apply to such class or classes of companies; or<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(b) shall apply to the class or classes of companies with such exceptions, modifications and adaptations as may be specified in the notification.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><span id='easy-footnote-1-82326' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-462\/#easy-footnote-bottom-1-82326' title='Subs. by Act 21 of 2015, s. 23, for sub-section (2) (w.e.f. 29-5-2015).'><sup>1<\/sup><\/a><\/span>[(2) A copy of every notification proposed to be issued under sub-section (1), shall be laid in draft before each House of Parliament, while it is in session, for a total period of thirty days, and if, both Houses agree in disapproving the issue of notification or both Houses agree in making any modification in the notification, the notification shall not be issued or, as the case may be, shall be issued only in such modified form as may be agreed upon by both the Houses.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(3) In reckoning any such period of thirty days as is referred to in sub-section (2), no account shall be taken of any period during which the House referred to in sub-section (2) is prorogued or adjourned for more than four consecutive days.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(4) The copies of every notification issued under this section shall, as soon as may be after it has been issued, be laid before each House of Parliament.]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>(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 exceptions, modifications and adaptations as may be specified in the notification. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":79763,"parent":79755,"menu_order":0,"template":"","format":"standard","meta":[],"categories":[11445],"tags":[1007],"acf":{"service_id":"215"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 462. Power To Exempt Class Or Classes Of Companies From Provisions Of This Act - Enterslice<\/title>\n<meta name=\"description\" content=\"Explore Section 462: Empowering exemptions for companies. Navigate the nuances of the Act with the authority to exempt specific classes. 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