AMOGH S. SHETTY (FRESHER) (44 Points)
14 May 2014Kindly provide the Sections of Companies Act 2013 applicable for an Electricity Genrating and Supplying Company registered under Companies Act 1956
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 14 May 2014
The 2013 Act is applicable to electricity companies also except to the extent that the same is inconsistent with Electricity Act [Ref.Sec.1(4)(d)].
Sec.129(1) of the 2013 Act is not applicable to such companies since a separate form of financial statements is prescribed under Electricity Act.
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