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The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 584] NEW DELHI, TUESDAY, DECEMBER 30, 1980/PAUSA 9, 1902

Separate paging is giveu to this Part in order that it may be filed as a separate compilation

to the said two Companies, namely, the Parel Investments and Trading Private Limited and the Domestic Gas Private Limited in the same manner as it applied thereto before the issue of the said order under the said Act

SCHEDULE

Provisions of the Companies Act, 1956

Exceptions, restrictions and limi- tations subject to which the provision mentioned in column (1) shall apply to the under- taking

1

2

Section 106 "\. Section 210(1) /

MINISTRY OF PETROLEUM, CHEMICALS AND

FERTILIZERS

(Department of Petroleum)

NOTIFICATION

New Delhi, the 30lh December, 1980

Provisions of these sections shall not apply to the extent that thi Balance Sheet and Profit and Loss Act.ount of the two Companies need not be placed before the Annual General Meeting. The Companies will have to prepare the Balance Sheet a id Profit and Loss Account as usual and shall file ils statutory returns and halancc sheet and profit and loss account with the Regis- trar of Companies. The exemption does not affect the provisions of the Section 159(1) of the Companies Act, 1956 (1 of 1056).

Section 1691 Section 217 y Section 219J

Provisions of these sections shall not apply to the two Compa- nies.

Section 224") Section 225 J

Provisions of these sections shall not apply to the two Com- panies subject to the condi- tion that the auditors shall be appointed by the Centra] Government. S.O. 991(E)—Wheroas by the order of the Government of India in the Ministry of Petroleum, Chemicals and Fertilizers (Department of Petroleum) No. S.O. 319(E) duted the 2fith May, 1979, issued under sub-section (I) of section 4 of the Parcl Invest- ments and Trading Private Limited and Domestic Oas Private Limited (Taking Over of Management) Act, 1979 (29 of 1979), the Central Government have appointed, a? from the 2fith day of May, 1979, the Hindustan Petroleum Corporation Limited, a Government Company, as the Custodian of the undertaking of each of the following two Companies, namely, the Parel Invest- ments and Trading Private Limited and the Domestic Gas Pri- vate Limited, for the purpose of taking over the management thereof and carrying on tho mimssiTisru of the undertaking of each of the two companies for and on beh'Uf of the Central Government.

Section 293(1 )(d) \ Section 294 /

Provisions of these sections shall not apply to the two Compa- nies.

Now, therefore, in exercise of the powers conferred by sub- section (2) of section 6 read with section 15 of the said Act, the Central Government hereby specifics in the Schedule annexed hereto, tho exceptions, restrictions and limitations subject to which the Companies Act, 1956 (1 of 1956) shall continue to apply

[File No. R-11029/1/79-MC] S. L. KHOSLA, Jt. Secy.