Section 462 of CA 2013 : Section 462: Power To Exempt Class Or Classes Of Companies From Provisions Of This Act
CA 2013
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Explanation using Example
Imagine a scenario where the Central Government recognizes that start-up companies may find it challenging to comply with certain complex provisions of the Companies Act, 2013 due to limited resources. To promote entrepreneurship and innovation, the government decides to exempt these start-ups from some of the stringent compliance requirements.
In this case, under Section 462 of the Companies Act, 2013, the government may issue a notification stating that specific provisions o...
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