SECTION 637
DELEGATION BY CENTRAL
GOVERNMENT OF
ITS POWERS AND
FUNCTIONS
Powers delegated to
Regional Directors and Registrars - Notification issued under clause (b) in
supersession of GSR 171; dated 1-9-1966
Notification 1
In exercise of the powers
conferred by clause (b) of sub-section (1) of section 637 of the Companies Act,
1956 (1 of 1956), and in supersession of the Notification of the Government of India, in the Ministry of
Finance (Department of Company Affairs and Insurance), No.GSR 71 dated
1-1-1966, the Central Government--
(i) hereby delegates to the Regional
Directors of the company Law Board at Bombay, Calcutta, Madras and Kanpur also,
the powers and functions of the Central Government under the following
provisions of the said Act, namely :
Section 22,
Section 25,
Sub-section (1) of section 31,
Clause (aa) of sub-section (6) of section
43A,
Section 167,
Sub-sections (3), (4), (7) and clause
(a) of sub-section (8) of section 224,
Section 394A,
Second proviso to sub-section (5) of
section 439 and sub-section (6) of
the said section.
Clause (a) of sub-section (1) of section
496,
Clause (a) of sub-section (1) of
section 508,
Sub-section (1) of section 551,
Clause (b) of sub-section (7) of
section 555 and the proviso to clause (a)
of
sub-section (9) of the said section.
Proviso to sub-section (1) of section
610,
Section 627
(ii) further directs that every
Regional Director shall exercise his powers and perform the functions so
delegated to him subject to the control of the Company Law Board.
This notification shall come into force on 1st July, 1985.
* NOTIFICATION N. GSR. 506(E), DATED 24-6-1985.
Notification 2
In exercise of the powers
conferred by clause (b) of sub-section (1) of section 637 of the companies Act,
1956 (1 of 1956), the Central Government hereby delegates to the Registrars of
Companies, the powers and functions of that government under the following
provisions of the said Act, namely:
Section
21
Sub-section
(4) of section 43A
Sub-section
(1D) of section 108:
Provided that the powers and functions under sub-section (1D) of
section 108 shall be exercised and performed either by the Registrar of
Companies of the State in which the registered office of the company is
situated, or by the Registrar of Companies of the State in which the transferee
ordinarily resides)
The Central Government further
directs that every Registrar of Companies shall exercise his powers and perform
his functions so delegated to him subject to the control of the company Law
Board.
This notification shall come into force on 1st July, 1985.
* NOTIFICATION NO. GSR 507(E), DATED 24-6-1985.
Notification 3
1. In exercise of the powers conferred by clause (b) of
sub-section (1) of section 637 of the companies Act, 1956 (1 of 1956), and in
partial modification of the notification of the Government of India in the late
Ministry of Finance (Department of company Affairs and Insurance), No. GSR 71,
dated 1-1-1966 and in supersession of the notification of the Government of
India in the Ministry of Law, Justice and company Affairs (Department of
company Affairs), No. SO 1028, dated 30-3-1978,, the Central Government hereby
delegates the powers and functions of that Government under clause (b) of
sub-section (7) of section 555 of the said Act to the officers specified in
column (1) of the Table below for making an order under that clause for payment
of the sums specified in the corresponding entry in column (2) of the said
Table, namely:
TABLE
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Officers Sums
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1. All the Registrars of companies Claims
up to Rs. 1000
2. All the Regional Directors at Bombay/
Calcutta/Madras/Kanpur Claims above Rs.1000
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2. The Central Government further directs that the
Registrars of companies and the Regional Directors shall exercise the powers
and perform the functions so delegated to them subject to the control of the
company Law Board.
* NOTIFICATION NO. 16/77-CL-V, DATED 15.5.1978