459. Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications
(1) Where the Central Government or the Tribunal is required or authorised by
any provision of this Act—
(a) to accord approval, sanction, consent, confirmation or recognition to, or in
relation to, any matter; or
(b) to give any direction in relation to any matter; or
(c) to grant any exemption in relation to any matter,
then, the Central Government or the Tribunal may in the absence of anything to the contrary
contained in that provision or any other provision of this Act, accord, give or grant such
approval, sanction, consent, confirmation, recognition, direction or exemption, subject to
such conditions, limitations or restrictions as it may think fit to impose and may, in the case
of a contravention of any such condition, limitation or restriction, rescind or withdraw such
approval, sanction, consent, confirmation, recognition, direction or exemption.
(2) Save as otherwise provided in this Act, every application which may be, or is
required to be, made to the Central Government or the Tribunal under any provision of this
Act—
(a) in respect of any approval, sanction, consent, confirmation or recognition to
be accorded by that Government or the Tribunal to, or in relation to, any matter; or
(b) in respect of any direction or exemption to be given or granted by that
Government or the Tribunal in relation to any matter; or
(c) in respect of any other matter,
shall be accompanied by such fees as may be prescribed:
Provided that different fees may be prescribed for applications in respect of different
matters or in case of applications by different classes of companies.