Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to Government companies - GSR 990, - Companies Law

Notification : No. GSR 990, dated 9 8 1975. Subject:- Notifications notifying provisions of the Act as not applicable or applicable with modification in relation to Government companies GSR 990.- In exercise of the powers conferred by sub section (1) of section 620 of the Companies Act, 1956 (1 of 1956), the Central Government hereby directs that section 372 of the said Act shall not apply to any company established with the object of financing, where a State Government has made, or agreed to make, to the company a special advance for the purpose of making loans or advances to or subscribing to the capital of private industries/enterprises in India.