ITO t]E PUI]I,ISHED IN TIII] GAZF]TTE OF INDIA" EXI'RAORDTNAI{Y, PART II,

sEclrON 3, SUB-SEC r-rON (i) |

GOVERNMENT OF lNDIA
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
NewDelhi.

the# Jtrtt zots

(E). - In exercise of the powers conl'encd by clauses (a) and (b) of sub-secrior ( 1) of
G.S.R.
section 462 and in pursuance of sub-section (2) ofsaid section ol'the Companies Act.20l3 (18

of 2013) and in supersession of notifications issucd under section 620 of the Companies Act,
1956 (1 of 1956), exccpt as respccts things done or omittcd to bc done before such supersession,
thc Ccntral Govcrnment. in thc interest of public. hcrcby directs that certain provisions of the
Companics Act, 2013, as specificd in column (2) ofthe Tablc, shall nor apply or shall apply with
such exccptjons, modilications and adaptations. as specilied in column (3) ofthe said Iable, to a
Covernmenl company, namely:Serial

numbcr

(t)

2.

Chapler

Number/
Section number/ Subseclion(s)
thc
Companies Act. 2013

Exccptions, Modifi cations and Adaptations.

in

(2)
Chapter II, section 4.

Chaptcr
56.

IV,

section

In section 4, iD sub-section (l), in clause (a), the words'in

the casc of a public limited company, or the last words
"Private Limited" in the case of a privatc limited company'
shall be omitted.
In sub-scction (l), afier the proviso, the following provisos
shall be inserted, name lytProvided further thal the provisions of this sub-sec,tion, in so
far as it requires a propcr instrument of transfer, to be duly
stamped and cxecuted by or on behalf ol'the ransferor and
by or on behalfofthc transl'erec, shall not apply with respect
to bonds issued by a Govemment company, provided that an
intimation by the transf'eree specifying his name. address and
occupation, if any, has been delivered to thc company along
with the certificate relating to the bond; and if no such
cefiificate is in existence. along with the letter ofallotment of
the bond:

Provided also that the provisions ofthis sub-section shall not

apply to a Government Company in respcct ofsecurities held
b,v norninees of the Covemmenl.

3.

Chapter

VII-

section

Shall not apply.

VII.

section

Shall not apply-

89.
4.

Chapter
90.

5.

Chapter

VII,

subsection (2) of section

96.

In sub-section (2), fbr the words "some olher place within the

city. town or village in which the registered office of the

oompany is situate". the words "such other place as the
Centml Govemment may approve in this behalf'shall be
substituted.

6.

7.

Chapter VIll, second

proviso to sub-section
(l ) ofsection 123.

Chaprer Vlll. subsection (4) of section

Shall not apply to a Government Company in which the

entire paid up share capital is held by the Central
Government, or by any State Govemment or Goverrunents or
by the Central Covernment and one or morc State
Govemments,
Shall not apply to a Govemmenl Company in which the
entire paid up sharc capital is held by the Cenhal
(iovcrnment. or by arry State Covernment or Covernments or

by the
8.

Chaptcr

IX,

section

129.
9.

10.

ll

t2.

1t.

14.

Central Covernment and one

or

more

State

Govemments or bv one or more GovenDnent ComDany.

Shall not apply to the extent of application of Accounting
Standard 17 (Segment Reporting) to the companies engaged
in defence production.
Shall not apply.

Chapter IX, clause (e)

of sub-section (3) of
seclion 134.
Chapter IX. clause (p) Shall not apply in case the directors are evaluated by the
of sub-seclion (3) of Ministry or Department of the Central Govemment which is
section 134,
administratively in charge of the company, or, as the case
may be, the State Government, as per its own evaluation
methodoloev.
Chapter XI, section Shall not apply.

149(l)(b) and first

proviso to sub-section
(l ) ofsection 149.
Cbapter XI, clause (a) In section 149, in sub-section (6), in clause (a), for thc word
of sub-section (6) of "Board", the words "Ministry or Depaftment of the Central
section 149.
Government which is administratively in charge of the
company, or, as the case may be, the State Governmenf'
shall be substituted.
Chapter XI, clause (c) Shall not apply.
of sub-section (6) of
section 149.
Chapter
sub- Shall not apply where appointment of such director is done
(5)
section
of section bv the Central Governmenl or Slale Govmment, as the case

XI,

maY be.
sub- Shall not apply to
sections (6) and (7) of
(a) a Government Company in which the entire paid up share
section 152.
capilal is held by the Central Govemment, or by any Stale
Government or Governments or by the Centnl Government
and one or more State Governments;
(b) a subsidiary ofa Govemment company, refened to in (a)
above, in which thc entire paid up share capital is held by
that Government comDany.
Chapter
section Shall not apply to
(a) a Covemment Company in which the entire paid up share
t60.
capital is hcld by the Central Government. or by any State
Governnent or Governments or by the Central Govemment
and one or more State Govenrments;
(b) a subsidiary of a Govemment company, refened to il1 (a)
above, in which the entire paid up share capital is held by
that Govemment company.
Chapter
section Shall not apply to
(a) a Govemment Company in which the entire paid up share
162.
capital is held by the Central Government, or by any State
Government or Govemments or by the Central Govcrnment
and one or more State Governments;
(b) a subsidiary of a Govemment company, refe(ed to in (a)
abovc, in which the entire paid up share capital is held by
that Covemment comDany.
Chapter
sectjon Shall not apply to
(a) a Covemnrent Company in !vhich the entirc paid up share
t63.
capital is held by the Central Govcrnment, or by any Statc
Government or Govcrnments or by the Central Govemment
and one or more State Governments;
(b) a subsidiary of a Govemment company. refened to in (a)
above, in which the entire paid up share capital is held by
that Govemment comDany.
Chapter
sub- Shall not apply.
section (2) of section
164.
section Shall not apply to a Government Company in which the
Chapter
170.
entirc share capital is held by the Central Governmcnt, or by
any State Government or Covemments or by the Central
Govemment or by one or more State Covernments.
Chapter XI, section Shall not apply to a Govemment Company in which the
entire share capital is held by the Central Govemment, or by
t71
any State Govemment or Govemments or by the Central
Govefnment or bv one or more State Governments.

152.

t5.

t6.

1'7.

18.

19.

20.

2l

Chapter

XI,

XI,

Xl,

Xl,

XI.

Xl,

22.

XII, clause ln clause (i) of sub-section (4) of the section 177, for the
(i) of sub-section (4) words "recommendation for appointment, remuneration and
terms of appointment" the words "recommendation for
of section 177.
Chapter

remuneration" shall be substituted.

2J.

Chapter Xll, sub- Shall uot apply to Govemment company except with regard
sections (2), (3) and to appointment of'senior management' arld other employees.
(4) of section 178.
Chapter Xll, section
185.

25.

Chapter

XII,

section

186.

26.

Shall not apply to Govemment company in case such

company obtains approval of the Ministry or Department of
the Cenlral Covemment which is administratively in charge
of the company, or, as the case may be, the State
Government before making any loan or giving any guarantee
or Drovidins anv secuity under the section.
Shall not apply to
(a)
defence
Govemment company engaged
production;
(b) a Govemment company, other than a listed company,
in case such company obtains approval of the
Ministry or Depanment of the Central Govemmenl
which is administratively in charge of the company,
or, as the case may be, the State Covernment bcfore
making any loan or giving any guarantee or providing
any security or making any investment under the
seclton,
Shall not apply to

in

XII, first and

second proviso to
sub-section (1) of (a) a Covernment company in respect of contacts or
arrangements entered into by it with any othet Covemmenl
section 188.
Chapter

company;

(b) a Covernment company, other than a listed company, in

respect of contmcts or arrangements other than those referred
to in clause (a), in case such company obtains approval ofthe
Ministry or Department of the Central Govemment which is
adminishatively in charge of the company, ot, as the case
may be, the State Govemment before entedng into such
2',1.

Chapter XIII, subsections (2), (4) and

contmct or arrangement.
Shall not apply.

(5) of section 196.

28.

Chapter

t97

XIII,

section

Shall not apply.

29.

Chapter

XIII,

sub-

(l), (2), (3)

and (4) of section

30.

Affer sub-section (4), the following sub-section shall

be

sections

inserted, namely:-

203.

"(4A) The provisions of sub-sections (l), (2), (3) and (4) of

this section shall not apply to a managing director or Chief
Executive Oflicer or manager and in their absence, a wholetime director ofthe Government Company."

Chapter XXIX, sub- In sub-section (2), the words '1he Registrar, a shareholder of
section (2) of section the company, or of'shall be omitted.
439.

2. The Govemment companies, while complying with such exaeptions, modifications

and
adaptations, as specified in column (3) of the aforesaid Table, shall ensure that the interests of
their shareholders are protected.
3. A copy ofthis notification has been laid in draft before both Houses of parliament as reouired
by sub-section (2) ofsection 462 ofthe Companies Act,2013.

[F No

/2014-cL.yl

o.^'o::ffiim#ff1
Joint Secretary to the Governrnent tif India.

lrTrGT

h ll-dr{,

3r{rTuKsT,

grn-2, cis 3, 5rT-Eis (t)

c-finraFil

r{r{d SIFrt
6,r{cltd 6'14 dqrfiq
sfi-W-,Tr
--g

Tl.6r.fr.-

frFft, .f- ra, zots

sr+n, aq* sfuF-{rq, 2013 (2013 61 18) fr irnr 462

Sl iqqnr 1t; * rls (6) 3it{ ris (s) E--dRr rca srfui ar r+br od gv :iir
r+-d trRr *r 3qqm (2) * rgww d, d?r Eiqfi sifrF-q-a, 1956 (1956 6.1 1) 6t
qRr 620 *'3{thd drtr 3{frqrdBn 6t fudrq ra iliil t'3rfofiia 6{A
gqffi'W
gfu*-aur t qt l+-qr arqr F 3nrqr 6fA *r dq l+-q zrqr
t ffia fr frirr ffi t
lo oqfr gfuF-qq, 2013 * 6frqq jqdq, jtsr f6 {Rufr * Fd;er (2) d frFfrse
t, fs-$ {.srtr ffi q{ r+;d snqfr t wnr (3) d qqr fdfrfrE tt 3{q-dEi,
icia{ufr 3ltr 3rFd;it strd ar-l dii sr dtzl rfi 6tjt, 3r.f( ,(30. - a6drq

3Tqrna,

iqiiluT ritr g-r*-a-a

(3)

ris (*) fr "ffi

frfrt-s *q-A fir crn ji "frF-c" 3iftq rr< +
srq qr ffi crrfu frfr-c +qfi t d?Ir fr
crgic dil-fi 4t Ern d "crgic ftfrld' 3ifrF
?r<i t sRr ar<i + +enfl qr ' "frfr|s' 3iftff
er<i * qnr' sr< {d qrd+r
qRr 4 4r icqRr (1) +'

sqqRr (1)

qr{

c-iT6

veqq,

ffifud

q{T6
I

is qRr * sstiu, a5r 66 g

3inrqmdi r,om u rs-Et 3ik t 3rerdr 3idffd
qanr vr rs8t 3lT t s;{fi sq t scift'a :il-t
u-6

Esqt@

3iir 16

t_-a

**.:'*

*r Qq

$El

*
t

R-sd 61 3{Sar
t, f+.$ +r+rt *qfr cam
arfi fu(' ?K' .itrqdt Tiiitr d aq -fr dafr, q{g
{6 arE dE +iafid :rqar arq, qar gitl q+srq,
qfr si$ d, frffff 6ri aa g*ar dtrr*
sEfua qunur q* snr *qff 4) qR-d-d 6r aB
d; rfu qft t-sr +tS sffqr qr fucqqrfr ilfr t. df
iitrrr 3{r?i-d q{ + qrzr ywa 4t d;

{6 efi fu' gs rvtrnr * sqdtr sr*r* * arafr{trtF E+m Enfud ctrnfftdt *' i'ditr fr Tr+rtT
*q-+ qr aq rfr frafrr
qTg

dqilfr flfrl
oqafi fraltr

3Itqrq-7, tJ|{I 89
3q|q-7, trRr 90
3reqrq-7, trRr

96

*l

5qtrRr (2)

5ctrru (2)

ti, 5{I

4tR 3RrEr qrq * afiat

ont-frq FErd t, + sfril{

116{,

6qfi {h$fd
"ffi r;q rrd w 3nq\G-f, l+.qr dK'rrr', ?rd
* era qr "td :rq efla qr :ndF-d fuqr
qnryn S ffiq s{fiR gs ffft-.a 3qdFd 6f"

{d ariil
3rt4rq-8, rrRr '123 *r 16S ffi sr6rt *qfr q{ dq nfi'dm M
scqRr (1) 6r {s{r naot wrc.a tqtFfr *-frq rn.6r {cRr 3raFn
q{iF5
ffi tt;q g{irrt 3T?rEr groRi 6dRr 3r?rdr a.'drg
ar<

qror* glt{

fi
wqrq-8, gRr
ictlRr (4)

116

qr

3{fum- {rGq

"r* dt

ffrS i.S Fr6rt 6qfi q{ dt"t il& drn ffi

1"t uarr.a *++i;fr &=fi-q s{mr cqrr 3rr.En
ffi {t;q g{sf{ 3{?rqr gr+ni cqRr 3rerEr A-fiq
gr+n gik (rfi qr 3ft6
frr +S

3qT?I-9, tIRr 129

la

q{6nl

dqRr qRur

r,tr

fr drt +qF-dr q{ *@T.Ffr frr;r6 17

F|qifrrD + aq efi fi fiqr ao apl rfr

GrT 3oqEd

(Wc
wqrq-g, ?rRr 134 ff
rcqRr (3) ar us 1s.;

s{mrt 6Em trnur

offit
dr"l ilfr fafrl

.l

10

3rsqrq-g, qnr 134

iq?lRr (3) 6r EE (O |

fills

ii

drq a& dafr rq, q?nR:ft, ffi

6qfr * qersffi ftrR drd affiq s{6R +
qr rtriq {rasrt Ecru, :mi
I r*mq :nrqr fren4
]W+-" 6 on+ *'sger, A'irr+f 6f q"qitud
q?fi

'11

13

14

fuqrurqr
_..^' dl
3rf-qr4-11, rrRr 149 4I dr{ il6r 614ll
5q?tr{I (1)() 3lk 149
Sr JqqRr (1) 6r qf,dr
qia-6
3rs-qrq-11, rrRr 149 fiI qRr 149 fir rqqnr (6) * cs 1o1 a **, rr<
iqqnr (6) or ds 1*y + F?Tra q{ "qnR:rfr d;qfi + crnG-m c}TR
ura d;fi-q gron * der*q grerer frsrrrr qr {=q
F{6R," erq rd an'it
.' ;^. 614Tl
wqEr-11, trRr 149 *I dFI a6r
scrlRr (6) 6r EG (4)
3qFr-1.1, rTRr 152

fir

sqrrRr (5)
15

3{LqFr-1 1,

elI{I 152

sctrRr (6) 3lk

t$@nl
ffia,

q:nRrfr,

qanr 4t

zr$

idq

F{6R, qr

rrs

sr+n,

e* m sc+rt,iqn w aq afi fat

ffi tW varr.a r@ +frq F{6R -dnr

dr

6l ut - t*i

sqrTRr

E;S rr;rr {rasrl qr safird ram r:ro

i;f;rq gron :ltr qo qr srfuo rr"'q sr+rti
:rqEr

(7)

4t G d;
(s) 5cTr.T (d) fr fffA

4EITr tlRur

ffi

fii
4t sEi"fr ffi lQlt sqrc.a rW *]
s.6rfi +qfi -dRr eTqur *I 4* d q{ uq -el
datr
q{6rft +qfr

16

3{tgE-11, eRT

160

F=afrfrd -Frqd

(fi) fuS

ii

di"l afi d"lT -

s{6rfr d;qfr rR

aq il6i d-4r

ftrA Tlt vere-d etqr.idl +*q s{an -aRr

3{rnr

ffiq

ffi

ql*R qr grgrt E-dRr 3rertt

gt+n 3it{ ('fi qr :rfu*' rr-q gc*lrf

GrRr erRur

{Ezr

*r

.16

d;

(g) 5qq+a (6) * frfrcc ffi Frfirfi 6Tfr ff

dg 3rTirfr mt +\l1, Frrdccr t+*{uff 5
17

3{LqI?r-1 1,

18

3TeqTzI-1 1,

{rrqrft .iqfi {dra trnur fr

"r* dr
d - (n) icffi 61 s5ort dn-fi 6i iir"I ilff dfr
ffi lYct verc.a l@$ ai+q Fr6R --drr
3T?Fn f+-fi Tl;zr {rlsR qr qronl (dnr 3{ztcn
+frq {R-6R ell{ ('6 qr :rfuo rr-q sconi
* {I trqur fr rrS d;
(u) 5qtr{d (6) ii Ffes-c ffi s.6rfr 6qdl #r
qit 3g,irfr frq-A 1Ql1. srrrdccr a}+q-JT 5s

mi l1lt sq6.n s|a5i:fr A*fiq s{6R --dRr

3{e[dr ffi {rdzr T{mrt qr ql+n} (irRr 3rqsr
+;{rq

Trt+'R

gtr qo qr sfu;n rl=q sr+n}

{dRr qRur t rr* d;

(O d frfrE ffi s{6rt 6qfr ff

si-t sg"irfr +Qlt venaa ehrr.(* ss
gr6rfr 6Tfr {dRr trRur Er
d, .R dq d&
(s)

iq"tr+iT

"rg

6t-rfil
19

3-qrq-11, tIRr 1 64

fr

a'r-t;rfi.fufrt

sqrlRr (2)
20

21

3-qrq-11,

3dLqH-11, ERr

70

ffiffisr+rfr*qfi+]aqafrdafrffi
nXA rme.a ?@ #fi-q {rr6t adRT 3Tzrdr
ffi lr.'q lrrqft 3{?rsr sf6Ri c-dRr :rer* i-ftq
g{fiR qr ('6 qr 3Tfu6 {cq s{mRi 6dr{r e]Rur
ff "r dt
ffi ffi Frqrfi iiqfr *) -q ofr o}at AsA
e$ qrar.a ?@ +*frq w6R -qnr :lzm
ffi rr-q q{6R 3{ettr qrqrRt --dRr 3nrEr #fiq
qFFR gI r.q qr 3Tfu6 {t=q F{mRl aERI ilRqr
q,r

drQ Frl

22

3{rqE-12, erRT 177 *r

sqqRr (4) 6r ss (1)

f, 'GBRa *r
qrft'Jft-o :rt{ Bfusd t

1zz, iqqRr (a)

{rE (1)

-err
ftitr+' sr<l *'*erra qr "qlftsrfi-fi Ar ffi-ef'

er< {d dnrit
3{tqrq-12, eTRr 178 fir S{6Rr -6qAT 6T dq aET Oi"ii
sqfiRr (2), sqtTRr (3) eiirrd' 3{t{ gcq affii 8r ffi"
3it{ iqqr{r (4)
ntqrq-12,

=*a

* qititr ft
-'"t'"

arzl afi' dfr qfr sq

3rehfi ot* a"r ii 3rerdl 6tg

ftdt rart +sfr 6t

185

I r trnr t
rduftr -i :rrro ofu$ sqe-al rrri t $

+qfr

qqRrff, i;drq {{6R + d ti"rtrq 3RIdI

;l

3{Lqrq-12,

arnqrw rtrqr
c?nF-s w
frarm ar
{=zr q{6r*, 6T 3r{F}(d gfrqrE:d F6qI tl
ct - 1a1 ran *qrca di drfi 6$ {.mrtJ +qfr

186

aqafi
(u)

s{+rft 6qfr +t. ss$ fia *

+TS t, a"f +fr dafr qft *qfr a' rs
3rffi + a"r ii 3Frdr 6tt q"qnfF ee

N ffi

{fi{d
qRr

dlfr;

:r:rar

vfrqff i{frdr 6{d or o}$ Bffura ari

+ T* q:nFeft, aidrq q{6R * id }iTrcq

3{ekn frs{Fr oT * carfi'q 5q' $ 3q d;qfr
9{f{tlF6 t 3{erqT {l;q s{6R 6T 3qal{d
,gqF-d
26

3r?qrq-12, trRr 188

ffr

l+'"qr

tt

d - (6) ffi s[6rt d;qfi 6dnr ffi :rq

s.6rtt +qfi * qrq Er 4g {ft-4Bn g{erdr 6flrd

5qtrRr (1) 6I qfldr

*' dqtr d aqaS ein;
:ik qw{r qrg6

ea d
'st
6fg q-dq6 dn-fr t, ffi fddert 3lit 6d{rdf *
(q) i-fi i4-S

s{dFrfr

.iqfi +t,

ftiq d, rFS A;a EiE (6) fr Ffr"z t, dq ilfi

d-n, qfr rq 6qfr A tfr qfuEr qr 6flrE s-d t

sl

w t sg 6qfr 6r

f+arBr +r,
cangF-m
e{Rtrrl-+, F, 3{2rdr {t=q
$filcr-d 6{ ft-qr tt

grqn +r

r+d-ca

ttarata
(4) +
sid:enR-a fi arq'afr, :*lq :-

grtnir

I aq asi

27

3qr{r-13, trRT 196

28

sqtrRr (2), sqtrRr (4)

3it{ 3q?TRr (5)
wqrq- 13, trRr 97

aq ret +tr

29

3{r-q|q-13, irRr 203 frr

lqtrRT

'1

sqtrRr (1 ), sctTnr (2),

5qtrRr (3) 3i'lT 3caJRr

obfrt

'qeqn.

'146) 5s qRr 6I sqtrRr (1), sqtJRr (2), sqtrRr

(3) 3jt{ iqtrRr (4) + icdtr s{-6rtf 6q-fi +' fs-$

(4)

xitr frilr+ 3nrdr {@ or*qm+'$ffi versr

rqrfi 3ik rra r"asfufr i- ffi $-+ift-+

30

:qrq-29, qRr qrs ar

sqtTRr (2)

2.

ftiqrn qi dIL;rfr d-nt't

iqeTRr (2) fr, "rA<R,6q-S + rt{{tr|{F
rr<i 6r dc l6-qr dn'rnl

q.n;rfr d;qh-si, Td-nd qwofr

3it{ sgd-dt qtr r1crfrd
gt'

*t

"oi

qr"

FffeT 1s1 d +ufaFfr"e 3rq4rCi, scid{un

ttqttrrr*'i + ftlai 6I gran ttrflt+a +tfit

d;qfr sTfuF-{q, 2013 Sr tlRT 462 ff icqRr (2) 6I snHq-sR ss'3lft-F{dT

q{d} +. qFer cr6q sq d {d ?E Bl
6r t'o cfr T{rq +

ffi

lFr.. 1 /2/20 1 4-fr('d-vl

.)
'_ F \'\

--l.n -

' t-rJ-:''
c_ t" ,

(3rr{frc Rr6 enfeqr)

q4d gRd aTf{d s{6R