Delegation of powers to Regional Directors under section 458 of Companies Act,2013

posted by: corporate

The Ministry of Corporate Affairs,Government of India has issued a Notification dated 6th September, 2017 regarding delegation of powers to Regional Directors under section 458 of Companies Act,2013.

The Notification is as follows:

S.O.-(E).-In exercise of the powers conferred by section 458 of the Companies Act,2013 (18 of 2013),the Central Government hereby delegates to the Regional Directors at Mumbai, Kolkata, Chennai,New Delhi, Ahmedabad, Hyderabad and Shillong, the powers and functions vested in it under subsection(2) of section 66 of the said Act, subject to the condition that the Central Government may revoke such delegation of powers or may  itself exercise powers under the said sub-section,if in its opinion such a course of action is necessary in the Public interest.

2. This notification shall come into force with effect from the date of its publication in the Official Gazette.