The Companies (Shipping Companies Exemption) Order, 1948
Whereas subparagraph (1) of paragraph 25 of Part III of the Eighth Schedule to the Companies Act, 1948(a), (hereinafter called "the Act") provides that a company to which that paragraph applies shall not be subject to certain requirements of Part I of that Schedule (which contains general provisions as to balance sheet and profit and loss account), and that a company taking advantage of that paragraph shall be subject, instead of those requirements, to any prescribed conditions as respects ma...