Section 469 of the Companies Act, 2013
📘 Section 469 of the Companies Act, 2013
Title: Power of Central Government to make rules
✅ Summary:
Section 469 empowers the Central Government to make rules for carrying out the provisions of the Companies Act, 2013.
🧾 Key Provisions:
Rule-making Authority:
The Central Government may, by notification, make rules to give effect to the provisions of the Act.
Scope of Rules:
Rules can be made for any matter which is required or permitted by the Act to be prescribed.
They can also address any difficulty in giving effect to the provisions of the Act.
Laying Before Parliament:
Every rule made under this section must be laid before each House of Parliament while it is in session, for a total period of 30 days.
Parliament may modify or annul the rules, but such modification or annulment does not affect the validity of anything done previously under those rules.
Binding Nature:
Rules made under Section 469 have the same legal force as the provisions of the Act itself.
⚖️ Purpose:
To give the Central Government flexibility and administrative authority to implement and update procedural aspects of the Act without amending the entire law through Parliament.
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