Applicability of schedule ii to private limited company
This query is : Resolved
Sandeep A Fotani
(Querist)
29 July 2015
can anyone explain about the applicability of sub-clause(i) or (ii) of clause (3) of part A of Schedule II of companies Act, 2013.
NOTE:In a simple way, sub-clause (i) of clause 3 of part A of Schedule II of companies Act, 2013 says, In case of such class of companies, as may be prescribed and ETC.
So i want to understand the meaning of the word "as may be prescribed"?where it is prescribed?etc
NOTE:In a simple way, sub-clause (i) of clause 3 of part A of Schedule II of companies Act, 2013 says, In case of such class of companies, as may be prescribed and ETC.
So i want to understand the meaning of the word "as may be prescribed"?where it is prescribed?etc
Vishrut Shah
(Expert)
29 July 2015
Yes it covers companies like banking company, electricity companies , telecom companies etc.
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