The Companies Act, 1956
108F. Nothing in sections 108A to 108D to apply to Government companies, etc.
1[108F. Nothing in sections 108A to 108D to apply to Government companies, etc.Nothing contained in section 108A [except sub-section (2) thereof] shall apply to the transfer of any share to, and nothing in section 108B or section 108C or section 108D 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.]
1. Section 108F ins. by Act 58 of 1991, sec. 28 (w.r.e.f. 27-9-1991). Earlier section 108F were inserted by Act 41 of 1974, sec. 12 (w.e.f. 1-2-1975) and were omitted by Act 30 of 1984, sec. 52 (w.e.f. 1-8-1984).