The Companies Act, 2013 Section 262 Sanction of scheme [Omitted] Chapter XIX · Revival and Rehabilitation of Sick Companies 262. [Sanction of scheme.] Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016). Copy text 262. [Sanction of scheme.] Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016).