Section 290 of the Companies Act, 2013
Section 290 of the Companies Act, 2013 deals with the Power of the Central Government to remove difficulties.
📜 Section 290 – Power to Remove Difficulties
🔹 Overview:
If any difficulty arises in giving effect to the provisions of this Act,
The Central Government may, by order, make such provisions or issue such directions
As may appear necessary or expedient for removing the difficulty.
🔹 Conditions:
Such orders or directions can only be made within two years from the date of commencement of the relevant provisions of the Act.
This power is meant to facilitate smooth implementation of the Act.
✅ Purpose:
To enable the government to overcome practical issues or ambiguities that arise during the initial implementation of the Act.
To provide a flexible mechanism to address unforeseen challenges without immediate legislative amendment.
🔹 Examples of Usage:
Clarifying procedural ambiguities,
Adjusting timelines,
Modifying requirements temporarily.
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