Notification S.O. 872(E), dated 30th July, 1961 [N11-Q21]
As at 7 September 2026. In force from 30 July 1961.
S.O. 872(E).—In exercise of the powers conferred by section 10 of the Companies (Donations to National Funds) Act, 1951 (54 of 1951), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts officers of a company whose the management of a company does not exceed ten thousand rupees in value in a financial year from the provisions of section 4 of the said Act, subject to the condition that every such person shall intimate the Registrar of Companies in writing of the commencement of the management of a company within sixty days of such commencement.
Made under
Recital: "In exercise of the powers conferred by section 10 of the Companies (Donations to National Funds) Act, 1951 (54 of 1951), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Companies (Donations to National Funds) Act, 1951 (54 of 1951) [S1B-9PR]. Vires verified.
Acts on (1)
Exempts Section 4, Companies (Donations to National Funds) Act, 1951 [S1B-9GM], 30 July 1961. "section 4 of the said Act".
Acted on by (0)
none
Not held (0)
none