Section 325 of the Companies Act, 2013
Section 325 of the Companies Act, 2013 – Power of Central Government to Make Rules
Overview:
Section 325 empowers the Central Government to make rules for carrying out the purposes of the Companies Act, 2013.
Key Provisions:
Rule-Making Authority:
The Central Government may, by notification in the Official Gazette, frame rules to effectively implement the provisions of the Companies Act.
Scope:
These rules may relate to any matter which the Act requires or empowers the government to prescribe rules for.
It provides flexibility to address detailed procedural, administrative, and regulatory matters.
Compliance:
Companies and persons governed by the Act must comply with these rules once they are notified.
Purpose:
To allow the Central Government to adapt and update regulations as needed without amending the Act itself.
To ensure smooth and effective administration of the Act through detailed rules.
Example:
Rules on company registration, annual return filing, investigation procedures, or penalties under the Act may be framed under this section.
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