SECTION 25
POWER TO DISPENSE WITH "LIMITED" IN NAME OF
CHARITABLE OR OTHER COMPANY
Exemption from
provisions of the Companies Act - Notification regarding
In exercise of the powers conferred by sub-section (6) of section 25 of the Companies Act, 1956 (1 of 1956), the Central Government hereby directs that a body to which a licence is granted under section 25 aforesaid shall be exempt from the provisions of the said Act specified in column 1 of the Table below to the extent specified in the corresponding entries in column 2 of the said Table
TABLE
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Provisions of the Act Extent of exemption
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1 2
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Section 2(45) In so far as it requires the appointment of an individual to
perform the duties which may be performed by a secretary
and any other ministerial or administrative duties only if
he possesses the prescribed qualifications.
Section 147 The whole.
Section 160(1)(aa) The whole.
Section 166(2) The whole : provided that the time, date and place of each
annual general meeting are decided upon beforehand by
the Board of Directors having regard to the directions, if
any, given in this regard by the company in general meeting.
Section 171(1) A general meeting may be called by giving a notice in
writing of not less than 14 days.
Section 193 Minutes may be recorded within 30 days of the conclusion
of every meeting in case of companies where the articles of
association provide for confirmation of minutes by
cirlculation.
Section 209(4A) Books of account relating to a period of not less than four
years immediately preceding the current year shall be
preserved.
Section 219 Shall be exempt to the extent that the documents mentioned
in sub-section (1) may be sent not lekss than 14 days
before the date of the general meeting.
Section 257 Shall not apply to companies whose articles provide for
election of directors by ballot.
Section 259 The whole.
Section 264(1) The whole.
*Section 280 The whole.
*Section 282 The whole.
Section 285 Shall apply only to the extent that the Board of directors,
executive committee/or governing committee of such
companies shall hold at least one meeting within every six
calendar months.
Section 287 Shall apply only to the extent that the quorum for the Board
meeting shall be either eight members or 1/4th of its total
strength, whichever is less, provided the quorum shall not
be jkless than two members in any case.
Section 292 Matters referred to in clauses (c),(d) and (e) of sub-section
(1) may be decided by the Board by cirjculation instead of at
a meeting.
Section 299 Shall apply only to cases to which sub-sections (1) and (3) of section 297 apply.
Section 301 A register shall be maintained only of contracts to which
sub-sections (1) and (3) of section 297 apply.
Section 303(2) The whole.
* NOTIFICATION NO.SO 1578, DATED 1-7-1961 SUPPLEMENTED BY SO 2767, DATED 5-8-1964, GSR 73, DATED 30-12-1965 AND SO 35(E), DATED 9-2-1976.
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* Since omitted by the Amendment Act, 1965.