The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 371] NEW DELHI, WEDNESDAY, AUGUST 14, 2002/SRAVANA 23,1924 2 THE GAZETTE OF INDIA. EXTRAORDINARY [PAKI I I —S K\ 3(i)]
MINISTRY OF FINANCE AND COMPANY AFFAIRS
(Department of Company Affairs)
NOTIFICATION
New Delhi, the 14th August, 2002
G.S.R 565(E):—In exdrcise of the powers conferred by Sub-section (1) of Section 641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further amendments jn Schedule XIII to the said Act, namely —
1 In the said Schedule, in Part TI, in section 11, in paragraph 1, after clause (C), the following clause shall be inserted, r namely —
"(D) not exceeding Rs. 2,40,00,000 per annum or Rs 20,00,000 per month in respect of companies in Special Economic Zones as notified by Department of Commerce from time to time .
Provided that these companies have not raised any money by public issue of shares or debentures in India :
Provided further that such companies have not made any default in India in repayment of any of its debts (including public deposits) or debentures or interest payable thereon for a continuous period of thirty days in any financial year "
2 It shall come into force on the date of its publication in the Official Gazette.
[F.No.5/J5/2002-CL~V]
RAJIV MEHRJSHUl Secy Note :—The Principal Schedule was inserted by the Companies (Amendment) Act, 198KvideG S.R No.'559(E) dated 10-6-1988 and subsequently amended vide—
(l) GSR. 784(E)dated 13-7-1988
(u) G.S R 723 (£•) dated 18-9-1990
(in) G S.R 510 (E) dated 14-7-1993
(iv) G S R 48 (E) dated 1-2-1994
(v) GSR41X(E) dated 12-9-1996
(vi) GSR.215(E)dated2-3-2OOO
(vii) G S R 16 (E) dated 16-1-2002
Pimlcfl l>y tin.' MnnuKir, Uovl ol Indin I'rcsi. Rine Road, M.ivapun, New Delhi-110064
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