'" u/s 620 central govt can specify such provisions of the act which r not applicable to any govt co.
A copy of such notification must be laid before parliament."
My doubt is what will happen if parliament does not approve of such a notification in part/whole ?
A copy of every notification proposed to be issued under sub-section (1), shall be laid in draft 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 disapproving the issue of the notification or both Houses agree in making any modification in the notification, the notification shall not be issued or, as the case may be, shall be issued only in such modified form as may be agreed upon by both the Houses
If the parliament does not approve the notification , the notification shall not be issued .So it can't be applied to the Govt.Co.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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