Cos 459 — Powers of Central Government of Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications

Companies Act, 2013

Statutory text

, subject to conditions and to prescribe fees on applications.—(1) Where the Central Government or the Tribunal is required or authorised by any provision of this Act—
(a)  to  accord  approval,  sanction,  consent,  confirmation  or  recognition  to,  or  in  relation  to,  any matter; or (b) to give any direction in relation to any matter; or (c) to grant any exemption in relation to any matter, then, the Central Government or the Tribunal may in the absence of anything to the contrary contained in that provision or any other provision of this  Act, accord, give  or grant such approval, sanction, consent, confirmation, recognition, direction or exemption, subject to such conditions, limitations or restrictions as it  may  think  fit  to  impose  and  may,  in  the  case  of  a  contravention  of  any  such  condition,  limitation  or restriction,  rescind  or  withdraw  such  approval, sanction,  consent, confirmation, recognition,  direction  or exemption.
(2) Save as otherwise provided in this Act, every application which may be, or is required to be, made to the Central Government or the Tribunal under any provision of this Act—
(a) in respect of any approval, sanction, consent, confirmation or recognition to be accorded by that
Government or the Tribunal to, or in relation to, any matter; or

1. The proviso omitted by Act 1 of 2018, s. 93 (w.e.f. 9-2-2018).

(b)  in  respect  of  any  direction  or  exemption  to  be  given  or  granted  by  that  Government  or  the
Tribunal in relation to any matter; or (c) in respect of any other matter, shall be accompanied by such fees as may be prescribed:
Provided that different fees may be prescribed for applications in respect of different matters or in case of applications by different classes of companies.

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