Amended and updated notes on section 458 of Companies Act 2013. Detail discussion on provisions and rules related to delegation by Central Government of its powers and functions.
Chapter XXIX (Sections 447–470) of the Companies Act, 2013 (CA 2013) deals with the provisions related to miscellaneous. Section 458 of CA 2013 provides for delegation by Central Government of its powers and functions.
Recently, we have discussed in detail section 457 (Nondisclosure of information in certain cases) of CA 2013. Today, we learn the provisions of section 458 of the Companies Act 2013.
The provisions of section 458 are effective from 12th September, 2013. You may refer Notification No. S.O. 2754(E) dated 12-09-2013. In this article, you will learn detail of the provisions of section 458 the Companies Act 2013 read with the Companies (Registered Valuers and Valuation) Rules, 2017.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XXIX |
| Chapter Name | Miscellaneous |
| Section No. | 458 |
| Section Name | Delegation by CG of its powers and functions |
| Monthly Updated Edition | Company Law PDF |
Section 458 of Companies Act 2013: Delegation by Central Government of its powers and functions
Section 458 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013.
(1) The Central Government may, by notification, and subject to such conditions, limitations and restrictions as may be specified therein, delegate any of its powers or functions under this Act other than the power to make rules to such authority or officer as may be specified in the notification:
(2) A copy of every notification issued under sub-section (1) shall, as soon as may be after it is issued, be laid before each House of Parliament.