law: Companies Act, 2013 
  462.
  
    Power
  
  to exempt class or classes of companies from provisions of this Act.
  1.      The Central
  
  Government may in the public interest, by notification direct that any of the
  
  provisions of this Act,—
  a.     
  
    shall
  
  not apply to such class or classes of companies; or
  b.    
  
    shall
  
  apply to the class or classes of companies with such exceptions, modifications
  
  and adaptations as may be specified in the notification.
  1.     
  2.      A copy of every
  
  notification proposed to be issued under sub-section (1 ), shall be laid
  
  in draft before each House of Parliament, while it is in session, for a total
  
  period of thirty days which may be comprised in one session or in two or more
  
  successive sessions, and if, before the expiry of the session immediately
  
  following the session or the successive sessions aforesaid, both Houses agree
  
  in disapproving the issue of the notification or both Houses agree in making
  
  any modification in the notification, the notification shall not be issued or,
  
  as the case may be, shall be issued only in such modified form as may be agreed
  
  upon by both the Houses.