Amendment status not verified — confirm the current text below against the official source.
The provisions of the Companies Act, 1956 (Central Application Act 1 of 1956), as tbr the time being in force shall, so far as gy may be, apply to the incorporation, regulation and wind- 1956 (<=enbd ing up of companies to which this Act applies : Act 1 0 1 Provided that- 1956). to companies to (i) the powers conferred on the Central Government which tbia by those provisions shall be exercisable and may be appli". exercised by the State Government ; * For Statement of Objects and Reasons, see Tamil Nadu Qovernrnent Gazette Extraordinary, dated the 28th Mar& 1972, Part IV-Section 3, Pages 63-64. 1251 0 - 3 ~ 36 Noit-trading Companlks [Mi: T.& Act 16 (ii) the State Government may, by notification- (a) delegate all or any of such powers to such authority or officbr, and subject to such conditions, res- trictions and limitations as may be specified in the notification ; and (b) relax, omit, add to or vary any provision of the aforesaid Central Act hereby made applicable to companies to which this Act applies ; and (iii) the powers, duties and functions of the Registrar under the said provisions shall be exercised, discharged and performed by such person as may be appointed by the State Government, by name or by virtue of office, to be the Registrar in relation to companies to which this Act applies. I I Power to make