Amended and updated notes on section 467 of Companies Act 2013. Detail discussion on provisions and rules related to power of Central Government to amend Schedules.
Chapter XXIX (Sections 447–470) of the Companies Act, 2013 (CA 2013) deals with the provisions related to miscellaneous. Section 467 of CA 2013 provides for power of Central Government to amend Schedules.
Recently, we have discussed in detail section 466 (Dissolution of Company Law Board and consequential provisions) of CA 2013. Today, we learn the provisions of section 467 of the Companies Act 2013.
The provisions of section 467 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 467 the Companies Act 2013.
| 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. | 467 |
| Section Name | Power of CG to amend Schedules |
| Monthly Updated Edition | Company Law PDF |
Section 467 of Companies Act 2013: Power of Central Government to amend Schedules
Section 467 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013.
(1) Subject to the provisions of this section, the Central Government may, by notification, alter any of the regulations, rules, Tables, forms and other provisions contained in any of the Schedules to this Act.
(2) Any alteration notified under sub-section (1) shall have effect as if enacted in this Act and shall come into force on the date of the notification, unless the notification otherwise directs:
Provided that no such alteration in Table F of Schedule I shall apply to any company registered before the date of such alteration.
(3) Every alteration made by the Central Government under sub-section (1) shall be laid as soon as may be after it is made before each House of Parliament while it is in session for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the alteration, or both Houses agree that the alteration should not be made, the alteration shall thereafter have effect only in such modified form or be of no effect, as the case may be;
So, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done in pursuance of that alteration.