Amended and updated notes on section 470 of Companies Act 2013. Detail discussion on provisions and rules related to power to remove difficulties.
Chapter XXIX (Sections 447–470) of the Companies Act, 2013 (CA 2013) deals with the provisions related to miscellaneous. Section 470 of CA 2013 provides for power to remove difficulties.
Recently, we have discussed in detail section 469 (Power of Central Government to make rules) of CA 2013. Today, we learn the provisions of section 470 of the Companies Act 2013.
The provisions of section 470 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 470 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. | 470 |
| Section Name | Power to remove difficulties |
| Monthly Updated Edition | Company Law PDF |
Section 470 of Companies Act 2013: Power to remove difficulties
Section 470 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013.
Sub-section (1) of Section 470
If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions, not inconsistent with the provisions of this Act, as appear to it to be necessary or expedient for removing the difficulty:
Provided that no such order shall be made after the expiry of a period of five years from the date of commencement of section 1 of this Act.
Sub-section (2) of Section 470
Every order made under this section shall, as soon as may be after it is made, be laid before each House of Parliament.
Removal of Difficulties Orders
List of Removal of Difficulties Orders issued till October 15 2015
- Companies (Removal of Difficulties) Order 2013
- Companies (Removal of Difficulties) Order 2014
- Companies (Removal of Difficulties) Second Order 2014
- Companies (Removal of Difficulties) Third Order 2014
- Companies (Removal of Difficulties) Fourth Order 2014
- Companies (Removal of Difficulties) Fifth Order 2014
- Companies (Removal of Difficulties) Sixth Order 2014
- Companies (Removal of Difficulties) Seventh Order 2014
- Companies (Removal of Difficulties) Order 2015.