Section 314 of the Companies Act, 2013
Section 314 of the Companies Act, 2013 relates to the “Power of Central Government to make rules for the formation of Companies.”
Section 314 – Power of Central Government to Make Rules
The Central Government may, by notification, make rules for the formation of companies, including the regulation of matters connected to the formation of companies as provided in the Act.
This section gives the government the authority to create detailed rules that supplement the provisions of the Companies Act concerning company formation.
Summary:
Section 314 empowers the Central Government to formulate rules regarding how companies are formed, such as procedures, documentation, and other regulatory requirements.
This enables the government to update or clarify formation processes without needing to amend the Act itself.
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