Section 3, Preference Shares (Regulation of Dividend) Act, 1960 [S1G-4K5]
As at 7 September 2026. In force from 12 April 1961 by S.O. 327(E) [N11-PTG].
3. Appointment of Controller.—(1) The Central Government may, by notification, appoint an authority, to be known as the Controller, to exercise the powers and perform the functions conferred on it by or under this Act. (2) The Controller may, with the previous approval of the Central Government, appoint such officers and other employees as it considers necessary for the efficient discharge of its functions under this Act. (3) The Central Government may, by notification, direct that any power exercisable by it under this Act, except the power to make rules under section 51, shall, in relation to such matters and subject to such conditions as may be specified in the notification, be exercisable also by the Controller.
Defined terms in this text (1)
notification: Section 2, Preference Shares (Regulation of Dividend) Act, 1960 [S1G4J7] (In this Act, unless the context otherwise requires,—): "notification" means a notification published in the Official Gazette
notification: 996 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Section 2, Preference Shares (Regulation of Dividend) Act, 1960 [S1G-4J7], 27 June 1960, Band A. "section 3".
Not held (0)
none
Duties published under this section (0)
none