Penalty for repeated default. — THE COMPANIES ACT, 2013

454A. Penalty for repeated default. Dormant company. Protection of action taken in good faith. Non -disclosure of information in certain cases. Delegation by Central Government of its powers and functions. Powers of Central Government of Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications. Condonation of delay in certain cases. Annual report by Central Government. Power to exempt class or classes of companies from provisions of this Act. Power of court to grant relief in certain cases. Prohibition of association or partnership of persons exceeding certain number. Repeal of certain enactments and savings. Dissolution of Company Law Board and consequential provisions. Power of Central Government to amend Schedules. Power of Central Government to make rules relating to winding up. SECTIONS Power of Central Government to make rules. Power to remove difficulties. SCHEDULE I. SCHEDULE II. SCHEDULE III. SCHEDULE IV. SCHEDULE V. SCHEDULE VI. SCHEDULE VII. THE COMPANIES ACT, 2013 ACT NO. 18 OF 2013 An Act to consolidate and amend the law relating to companies. BE it enacted by Parliament in the Sixty-fourth Year of the Republic of India as follows:— CHAPTER I PRELIMINARY

Section 454A