Section 404 of the Companies Act, 2013

Section 404 of the Companies Act, 2013
"Fees, etc., to be credited into public account"

📘 Bare Act Provision:

All fees, charges, and other sums received by any person or authority under this Act shall be credited to the Consolidated Fund of India, unless the Central Government directs otherwise.

🔍 Key Highlights:

Applicability:

This section applies to all payments made under the Companies Act, 2013 (e.g., fees for company registration, filing returns, or other regulatory compliances).

Destination of Funds:

Such payments go into the Consolidated Fund of India — the main account used by the Government of India for all its receipts and expenditures.

Exception:

The Central Government may, by order, direct that such fees or sums be credited to any other fund or account if required.

🏛️ Purpose:

To ensure transparency and accountability in handling public money.

Aligns with financial governance and public finance norms.

 

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