Notification S.O. 552(E), dated 28th April, 1970 [N11-W0C]
As at 6 September 2026. In force from 28 April 1970.
S.O. 552(E).—In exercise of the powers conferred by section 10 of the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts directors whose the carrying on of business by 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 carrying on of business by a company within thirty days of such commencement.
Made under
Recital: "In exercise of the powers conferred by section 10 of the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Companies (Profits) Surtax Act, 1964 (7 of 1964) [S1J-366]. Vires verified.
Acts on (1)
Exempts Section 4, Companies (Profits) Surtax Act, 1964 [S1J-30A], 28 April 1970. "section 4 of the said Act".
Acted on by (0)
none
Not held (0)
none