Home India Ministry of Corporate Affairs In exercise of the powers conferred by section 458 of the Co...
Date: 2018-12-20 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 458 of the Companies Act

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

This notification, S.O. 6225(E), issued by the Ministry of Corporate Affairs on December 18, 2018, delegates specific powers and functions to Regional Directors located in Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad, and Shillong. The delegation is made under Section 458 of the Companies Act, 2013 (18 of 2013). Specifically, the powers delegated pertain to the first proviso to clause 41 of section 2 and the second proviso to subsection 1 of section 14 of the Act. This delegation is conditional, allowing the Central Government to revoke the delegation or exercise the powers directly if deemed necessary in the public interest. The notification takes effect from the date of its publication in the Official Gazette. The notification number is F. No. 1062014-CL.V, Part-I, and the issuing authority is K. V. R. Murty, Joint Secretary.

Key Entities Referenced

Ministry of Corporate Affairs: The ministry responsible for the notification. Companies Act, 2013: The Act under which the powers are being delegated. Central Government: The entity delegating powers to Regional Directors. Regional Directors: The officers to whom powers are delegated. Mumbai, Maharashtra: One of the locations of the Regional Directors. Kolkata, West Bengal: One of the locations of the Regional Directors. Chennai, Tamil Nadu: One of the locations of the Regional Directors. Ahmedabad, Gujarat: One of the locations of the Regional Directors.
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