S.O. 301(E) 08-02-2011 - Exemption under Section 211 of Companies Act 1956
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB SECTION (ii) of dated the 8th February, 2011]
Government of India
Ministry of Corporate Affairs
NOTIFICATION
New Delhi; the 8th February, 2011
S.O. 301 (E). – In exercise of the powers conferred by sub-section (3) of section 211 of the Companies Act, 1956 (1 of 1956), the Central Government, being of the opinion that it is necessary to grant exemption in the public interest, hereby exempts following classes of companies from disclosing in their profit and loss account the information mentioned under column (3), against each class of companies mentioned under column (2) of the table given below subject to fulfillment of the conditions stipulated in paragraph 2 of this notification namely:-
|
TABLESl. No. |
Class of companies |
Exemptions from paragraphs of Part-II of Schedule VI |
|
(1) |
(2) |
(3) |
|
1. |
Companies producing Defence Equipments including Space Research; |
paragraphs 3(i)(a), 3(ii(a), 3(ii)(d), 4-C, 4-D (a) to (e) except (d). |
|
2. |
Export Oriented company (whose export is more than 20% of the turnover); |
paragraphs 3(i)(a) 3(ii)(a), 3(ii)(b), 3(ii)(d). |
|
3. |
Shipping companies (Including Airlines); |
paragraphs 4-D (a) to (e) except (d). |
|
4. |
Hotel companies (including Restaurants); |
paragraphs 3(i)(a) and 3(ii)(d) |
|
5. |
Manufacturing companies/multi-product companies; |
paragraphs 3(i)(a) and 3(ii)(a). |
|
6. |
Trading companies; |
paragraphs 3(i)(a) and 3(ii)(b). |
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Notification No : S.O. 301 (E)Published in Corporate Law