Costing Standards Accounting Standards E-Forms

The Companies Act, 1956

Share Capital and Debentures (82 to 123)

Section 108F Nothing in sections 108A to 108D to apply to Government Companies, etc.

Section 108F Nothing in sections 108A to 108D to apply to Government Companies, etc. 

Nothing contained in section I08A except sub-section (2) thereof shall apply to the transfer of any share to, and nothing in section I08B or section I08C or section l08D shall apply to the transfer of any share by-

(a) any company in which not less than fifty-one per cent of the share capital is held by the Central Government;

(b) any corporation (not being a company) established by or under any Central Act ;

(c) any financial institution