Chapter: I |
PRELIMINARY |
Section 1 |
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Short title, commencement and extent.
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Section 2 |
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Definitions
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Section 2A |
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Interpretation of certain words and expressions.
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Section 3 |
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Definitions of "company", "existing company", "private company" and "public company".
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Section 4 |
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Meaning of "holding company" and "subsidiary".
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Section 4A |
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Public financial institutions.
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Section 5 |
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Meaning of "officer who is in default".
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Section 6 |
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Meaning of "relative".
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Section 7 |
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Interpretation of "person in accordance with whose directions or instructions directors are accustomed to act".
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Section 8 |
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Power of Central Government to declare an establishment not to be a branch office.
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Section 9 |
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Act to override memorandum, articles, etc.
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Section 10 |
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Jurisdiction of Courts.
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Section 10A |
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Constitution of Tribunal.
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Section 10B |
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Procedure of Tribunal.
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Section 10C |
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Powers of Tribunal.
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Section 10D |
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Appeals against decisions, etc., of the Tribunal.
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Chapter: IA |
BOARD OF COMPANY LAW ADMINISTRATION |
Section 10E |
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Constitution of Board of Company Law Administration.
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Section 10F |
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Appeals against the orders of the Company Law Board.
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Section 10FA |
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Dissolution of Company Law Board.
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Chapter: IB |
NATIONAL COMPANY LAW TRIBUNAL |
Section 10FB |
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Constitution of National Company Law Tribunal.
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Section 10FC |
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Composition of Tribunal.
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Section 10FD |
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Qualifications for appointment of President and Members.
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Section 10FE |
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Term of office of President and Members.
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Section 10FF |
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Financial and administrative powers of Member administration.
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Section 10FG |
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Salary, allowances and other terms and conditions of service of President and other members.
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Section 10FH |
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Vacancy in Tribunal.
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Section 10FI |
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Resignation of President and Member.
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Section 10FJ |
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Removal and suspension of President or Member.
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Section 10FK |
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Officers and employees of Tribunal.
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Section 10FL |
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Benches of Tribunal.
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Section 10FM |
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Order of Tribunal.
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Section 10FN |
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Power to review.
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Section 10FO |
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Delegation of powers.
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Section 10FP |
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Power to seek assistance of Chief Metropolitan Magistrate and District Magistrate.
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Chapter: IC |
APPELLATE TRIBUNAL |
Section 10FQ |
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Appeal from order of Tribunal.
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Section 10FR |
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Constitution of Appellate Tribunal.
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Section 10FS |
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Vacancy in Appellate Tribunal, etc.
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Section 10FT |
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Term of office of Chairperson and Members.
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Section 10FU |
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Resignation of Chairperson and Members.
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Section 10FV |
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Removal and suspension of Chairperson and Members of Appellate Tribunal.
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Section 10FW |
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Salary, allowances and other terms and conditions of service of Chairperson and Members.
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Section 10FX |
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Selection Committee.
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Section 10FY |
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Chairperson, etc., to be public servants.
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Section 10FZ |
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Protection of action taken in good faith.
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Section 10FZA |
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Procedure and powers of Tribunal and Appellate Tribunal.
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Section 10G |
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Power to punish for contempt.
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Section 10GA |
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Staff of Appellate Tribunal.
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Section 10GB |
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Civil court not to have jurisdiction.
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Section 10GC |
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Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings.
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Section 10GD |
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Right to legal representation.
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Section 10GE |
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Limitation.
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Section 10GF |
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Appeal to Supreme Court.
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Chapter: II |
INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO |
Section 11 |
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Prohibition of associations and partnerships exceeding certain number.
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Section 12 |
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Mode of forming incorporated company.
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Section 13 |
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Requirements with respect to memorandum.
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Section 14 |
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Form of memorandum.
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Section 15 |
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Printing and signature of memorandum.
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Section 15A |
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Special provision as to alteration of memorandum consequent on alteration of name of State of Madras.
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Section 15B |
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Special provision as to alteration of memorandum consequent on alteration of name of State of Mysore.
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Section 16 |
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Alteration of memorandum.
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Section 17 |
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Special resolution and confirmation by Central Government required for alteration of memorandum.
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Section 17A |
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Change of registered office within a State.
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Section 18 |
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Alteration to be registered within three months.
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Section 19 |
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Effect of failure to register.
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Section 20 |
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Companies not to be registered with undesirable names
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Section 21 |
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Change of name by company
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Section 22 |
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Rectification of name of company.
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Section 23 |
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Registration of change of name and effect thereof.
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Section 24 |
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Change of name of existing private limited companies.
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Section 25 |
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Power to dispense with "Limited" in name of charitable or other company.
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Section 26 |
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Articles prescribing regulations.
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Section 27 |
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Regulations required in case of unlimited company, company limited by guarantee or private company limited by shares.
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Section 28 |
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Adoption and application of Table A in the case of companies limited by shares.
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Section 29 |
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Form of articles in the case of other companies.
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Section 30 |
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Form and signature of articles.
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Section 31 |
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Alteration of articles by special resolution.
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Section 32 |
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Registration of unlimited company as limited, etc.
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Section 33 |
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Registration of memorandum and articles.
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Section 34 |
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Effect of registration.
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Section 35 |
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Conclusiveness of certificate of incorporation.
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Section 36 |
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Effect of memorandum and articles.
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Section 37 |
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Provision as to companies limited by guarantee.
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Section 38 |
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Effect of alteration in memorandum or articles.
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Section 39 |
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Copies of memorandum and articles, etc., to be given to members.
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Section 40 |
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Alteration of memorandum or articles, etc., to be noted in every copy.
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Section 41 |
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Definition of "member".
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Section 42 |
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Membership of holding company.
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Section 43 |
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Consequences of default in complying with conditions constituting a company a private company.
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Section 43A |
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Private company to become public company in certain cases.
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Section 44 |
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Prospectus or statement in lieu of prospectus to be filed by private company on ceasing to be private company.
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Section 45 |
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Members severally liable for debts where business carried on with fewer than seven, or in the case of a private company, two members.
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Section 46 |
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Form of contracts.
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Section 47 |
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Bills of exchange and promissory notes.
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Section 48 |
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Execution of deeds.
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Section 49 |
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Investments of company to be held in its own name.
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Section 50 |
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Power for company to have official seal for use outside India.
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Section 51 |
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Service of documents on company.
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Section 52 |
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Service of documents on Registrar.
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Section 53 |
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Service of documents on members by company.
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Section 54 |
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Authentication of documents and proceedings.
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Chapter: III |
PROSPECTUS AND ALLOTMENT, AND OTHER MATTERS RELATING TO ISSUE OF SHARES OR DEBENTURES |
Section 55 |
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Dating of prospectus.
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Section 55A |
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Powers of Securities and Exchange Board of India.
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Section 56 |
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Matters to be stated and reports to be set out in prospectus.
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Section 57 |
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Expert to be unconnected with formation or management of company.
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Section 58 |
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Expert's consent to issue of prospectus containing statement by him.
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Section 58A |
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Depositsnot to be invited without issuing an advertisement.
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Section 58AA |
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Small depositors.
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Section 58AAA |
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Default in acceptance or refund of deposits to be cognizable.
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Section 58B |
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Provisions relating to prospectus to apply to advertisement.
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Section 59 |
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Penalty and interpretation
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Section 60 |
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Registration of prospectus.
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Section 60A |
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Shelf prospectus.
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Section 60B |
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Information memorandum.
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Section 61 |
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Terms of contract mentioned in prospectus or statement in lieu of prospectus, not to be varied.
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Section 62 |
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Civil liability for mis-statements in prospectus.
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Section 63 |
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Criminal liability for mis-statements in prospectus
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Section 64 |
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Document containing offer of shares or debentures for sale to be deemed prospectus.
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Section 65 |
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Interpretation of provisions relating to prospectuses.
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Section 66 |
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Newspaper advertisements of prospectus.
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Section 67 |
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Construction of references to offering shares or debentures to the public, etc.
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Section 68 |
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Penalty for fraudulently inducing persons to invest money
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Section 68A |
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Personation for acquisition, etc., of shares.
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Section 68B |
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Initial offer of securities to be in dematerialised form in certain cases.
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Section 69 |
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Prohibition of allotment unless minimum subscription received.
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Section 70 |
: |
Prohibition of allotment in certain cases unless statement in lieu of prospectus delivered to Registrar.
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Section 71 |
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Effect of irregular allotment.
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Section 72 |
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Applications for, and allotment of, shares and debentures.
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Section 73 |
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Allotment of shares and debentures to be dealt in on stock exchange.
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Section 74 |
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Manner of reckoning fifth, eighth and tenth days in sections 72 and 73.
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Section 75 |
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Return as to allotments.
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Section 76 |
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Power to pay certain commissions and prohibition of payment of all other commissions, discounts, etc.
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Section 77 |
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Restrictions on purchase by company, or loans by company for purchase, of its own or its holding company's shares.
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Section 77A |
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Power of company to purchase its own securities
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Section 77AA |
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Transfer of certain sums to capital redemption reserve account.
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Section 77B |
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Prohibition for buy-back in certain circumstances.
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Section 78 |
: |
Application of premiums received on issue of securities.
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Section 79 |
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Power to issue shares at a discount.
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Section 79A |
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Issue of sweat equity shares
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Section 80 |
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Power to issue redeemable preference shares.
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Section 80A |
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Redemption of irredeemable preference shares, etc.
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Section 81 |
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Further issue of capital.
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Chapter: IV |
SHARE CAPITAL AND DEBENTURES |
Section 82 |
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Nature of shares or debentures.
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Section 83 |
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Numbering of shares.
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Section 84 |
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Certificate of shares.
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Section 85 |
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Two kinds of share capital.
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Section 86 |
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New issues of share capital to be only of two kinds.
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Section 87 |
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Voting rights.
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Section 88 |
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Prohibition of issue of shares with disproportionate rights.
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Section 89 |
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Termination of disproportionately excessive voting rights in existing companies.
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Section 90 |
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Savings.
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Section 91 |
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Calls on shares of same class to be made on uniform basis.
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Section 92 |
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Power of company to accept unpaid share capital, although not called-up.
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Section 93 |
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Payment of dividend in proportion to amount paid-up.
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Section 94 |
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Power of limited company to alter its share capital.
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Section 94A |
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Share capital to stand increased where an order is made under section 81(4).
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Section 95 |
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Notice to Registrar of consolidation of share capital, conversion of shares into stock, etc.
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Section 96 |
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Effect of conversion of shares into stock.
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Section 97 |
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Notice of increase of share capital or of members.
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Section 98 |
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Power of unlimited company to provide for reserve share capital on re-registration.
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Section 99 |
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Reserve liability of limited company.
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Section 100 |
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Special resolution for reduction of share capital.
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Section 101 |
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Application to Tribunal for confirming order, objections by creditors, and settlement of list of objecting creditors.
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Section 102 |
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Order confirming reduction and powers of Tribunal on making such order.
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Section 103 |
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Registration of order and minute of reduction.
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Section 104 |
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Liability of members in respect of reduced shares.
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Section 105 |
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Penalty for concealing name of creditor, etc.
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Section 106 |
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Alteration of rights of holders of special classes of shares.
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Section 107 |
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Rights of dissentient shareholders.
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Section 108 |
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Transfer not to be registered except on production of instrument of transfer.
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Section 108A |
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Restriction on acquisition of certain shares.
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Section 108B |
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Restriction on transfer of shares.
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Section 108C |
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Restriction on the transfer of shares of foreign companies.
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Section 108D |
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Power of Central Government to direct companies not to give effect to the transfer.
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Section 108E |
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Time within which refusal to be communicated.
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Section 108F |
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Nothing in sections 108A to 108D to apply to Government companies, etc.
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Section 108G |
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Applicability of the provisions of sections 108A to 108F.
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Section 108H |
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Construction of certain expressions used in sections 108A to 108G.
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Section 108I |
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Penalty for acquisition or transfer of share in contravention of sections 108A to 108D.
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Section 109 |
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Transfer by legal representative.
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Section 109A |
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Nomination of shares
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Section 109B |
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Transmission of shares.
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Section 110 |
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Application for transfer.
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Section 111 |
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Power to refuse registration and appeal against refusal.
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Section 111A |
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Rectification of register on transfer.
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Section 112 |
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Certification of transfers.
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Section 113 |
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Limitation of time for issue of certificate.
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Section 114 |
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Issue and effect of share warrants to bearer.
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Section 115 |
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Share warrants and entries in register of members.
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Section 116 |
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Penalty for personation of shareholder.
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Section 117 |
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Debentures with voting rights not to be issued hereafter.
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Section 117A |
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Debenture trust deed.
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Section 117B |
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Appointment of debenture trustees and duties of debenture trustees.
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Section 117C |
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Liability of company to create security and debenture redemption reserve.
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Section 118 |
: |
Right to obtain copies of and inspect trust deed.
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Section 119 |
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Liability of trustees for debenture holders.
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Section 120 |
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Perpetual debentures.
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Section 121 |
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Power to re-issue redeemed debentures in certain cases.
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Section 122 |
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Specific performance of contract to subscribe for debentures.
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Section 123 |
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Payments of certain debts out of assets subject to floating charge in priority to claims under the charge.
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Chapter: V |
REGISTRATION OF CHARGES |
Section 124 |
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"Charge" to include mortgage in this Part.
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Section 125 |
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Certain charges to be void against liquidator or creditors unless registered.
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Section 126 |
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Date of notice of charge.
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Section 127 |
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Registration of charges on properties acquired subject to charge.
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Section 128 |
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Particulars in case of series of debentures entitling holders pari passu.
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Section 129 |
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Particulars in case of commission, etc., on debentures.
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Section 130 |
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Register of charges to be kept by Registrar.
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Section 131 |
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Index to register of charges.
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Section 132 |
: |
Certificate of registration
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Section 133 |
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Endorsement of certificate of registration on debenture or certificate of debenture stock.
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Section 134 |
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Duty of company as regards registration and right of interested party
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Section 135 |
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Provisions of Part to apply to modification of charges.
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Section 136 |
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Copy of instrument creating charge to be kept by company at registered office.
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Section 137 |
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Entry in register of charges of appointment of receiver or manager.
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Section 138 |
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Company to report satisfaction and procedure thereafter.
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Section 139 |
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Power of Registrar to make entries of satisfaction and release in absence of intimation from company.
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Section 140 |
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Copy of memorandum of satisfaction to be furnished to company.
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Section 141 |
: |
Rectification by Central Government of register of charges.
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Section 142 |
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Penalties.
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Section 143 |
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Company's register of charges.
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Section 144 |
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Right to inspect copies of instruments creating charges and company's register of charges.
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Section 145 |
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Application of Part to charges requiring registration under it but not under previous law.
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Chapter: VI |
MANAGEMENT AND ADMINISTRATION |
Section 146 |
: |
Registered office of company.
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Section 147 |
: |
Publication of name by company.
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Section 148 |
: |
Publication of authorised as well as subscribed and paid-up capital.
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Section 149 |
: |
Restrictions on commencement of business.
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Section 150 |
: |
Register of members.
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Section 151 |
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Index of members.
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Section 152 |
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Register and index of debenture holders.
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Section 152A |
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Register and index of beneficial owners to be of debenture holder.
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Section 153 |
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Trusts not to be entered on register.
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Section 153A |
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Appointment of public trustee.
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Section 153B |
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Declaration as to shares and debentures held in trust.
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Section 154 |
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Power to close register of members or debenture holders.
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Section 155 |
: |
Power of Court to rectify register of members.
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Section 156 |
: |
Notice to Registrar of rectification of register.
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Section 157 |
: |
Power for company to keep foreign register of members or debenture holders.
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Section 158 |
: |
Provisions as to foreign registers.
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Section 159 |
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Annual return to be made by company having a share capital.
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Section 160 |
: |
Annual return to be made by company not having a share capital.
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Section 161 |
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Further provisions regarding annual return and certificate to be annexed thereto.
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Section 162 |
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Penalty and interpretation.
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Section 163 |
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Place of keeping, and inspection of registers and returns.
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Section 164 |
: |
Registers, etc., to be evidence.
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Section 165 |
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Statutory meeting and statutory report of company.
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Section 166 |
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Annual general meeting.
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Section 167 |
: |
Power of Central Government to call annual general meeting.
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Section 168 |
: |
Penalty for default in complying with section 166 or 167.
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Section 169 |
: |
Calling of extraordinary general meeting on requisition.
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Section 170 |
: |
Sections 171 to 186 to apply to meetings.
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Section 171 |
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Length of notice for calling meeting.
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Section 172 |
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Contents and manner of service of notice and persons on whom it is to be served.
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Section 173 |
: |
Explanatory statement to be annexed to notice
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Section 174 |
: |
Quorum for meeting.
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Section 175 |
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Chairman of meeting.
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Section 176 |
: |
Proxies.
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Section 177 |
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Voting to be by show of hands in first instance.
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Section 178 |
: |
Chairman's declaration of result of voting by show of hands to be conclusive.
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Section 179 |
: |
Demand for poll.
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Section 180 |
: |
Time of taking poll.
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Section 181 |
: |
Restriction on exercise of voting right of members who have not paid calls, etc.
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Section 182 |
: |
Restrictions on exercise of voting right in other cases to be void.
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Section 183 |
: |
Right of member to use his votes differently.
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Section 184 |
: |
Scrutineers at poll.
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Section 185 |
: |
Manner of taking poll and result thereof.
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Section 186 |
: |
Power of Tribunal to order meeting to be called.
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Section 187 |
: |
Representation of corporations at meetings of companies and of creditors.
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Section 187A |
: |
Representation of the President and Governors in meetings of companies of which they are members.
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Section 187B |
: |
Exercise of voting rights in respect of shares held in trust.
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Section 187C |
: |
Declaration by persons not holding beneficial interest in any share.
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Section 187D |
: |
Investigation of beneficial ownership of shares in certain cases.
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Section 188 |
: |
Circulation of members' resolutions.
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Section 189 |
: |
Ordinary and special resolutions.
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Section 190 |
: |
Resolutions requiring special notice.
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Section 191 |
: |
Resolutions passed at adjourned meetings.
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Section 192 |
: |
Registration of certain resolutions and agreements.
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Section 192A |
: |
Passing of resolutions by postal ballot.
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Section 193 |
: |
Minutes of proceedings of general meetings and of Board and other meetings.
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Section 194 |
: |
Minutes to be evidence.
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Section 195 |
: |
Presumptions to be drawn where minutes duly drawn and signed.
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Section 196 |
: |
Inspection of minute books of general meetings.
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Section 197 |
: |
Publication of reports of proceedings of general meetings.
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Section 197A |
: |
Company not to appoint or employ certain different categories of managerial personnel at the same time.
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Section 198 |
: |
Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits.
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Section 199 |
: |
Calculation of commission, etc., in certain cases.
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Section 200 |
: |
Prohibition of tax-free payments.
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Section 201 |
: |
Avoidance of provisions relieving liability of officers and auditors of company.
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Section 202 |
: |
Undischarged insolvent not to manage companies.
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Section 203 |
: |
Power to restrain fraudulent persons from managing companies.
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Section 204 |
: |
Restriction on appointment of firm or body corporate to office or place of profit under a company.
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Section 204A |
: |
Restrictions on the appointment of former managing agents or secretaries and treasurers to any office.
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Section 205 |
: |
Dividend to be paid only out of profits.
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Section 205A |
: |
Unpaid dividend to be transferred to special dividend account.
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Section 205B |
: |
Payment of unpaid or unclaimed dividend.
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Section 205C |
: |
Establishment of Investor Education and Protection Fund.
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Section 206 |
: |
Dividend not to be paid except to registered shareholders or to their order or to their bankers.
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Section 206A |
: |
Right to dividend, rights shares, and bonus shares to be held in abeyance pending registration of transfer of shares.
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Section 207 |
: |
Penalty for failure to distribute dividends within thirty days.
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Section 208 |
: |
Power of company to pay interest out of capital in certain cases.
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Section 209 |
: |
Books of account to be kept by company.
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Section 209A |
: |
Inspection of books of account, etc., of companies.
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Section 210 |
: |
Annual accounts and balance sheet.
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Section 210A |
: |
Constitution of National Advisory Committee on Accounting Standards.
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Section 211 |
: |
Form and contents of balance sheet and profit and loss account.
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Section 212 |
: |
Balance sheet of holding company to include certain particulars as to its subsidiaries.
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Section 213 |
: |
Financial year of holding company and subsidiary.
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Section 214 |
: |
Rights of holding company's representatives and members.
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Section 215 |
: |
Authentication of balance sheet and profit and loss account.
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Section 216 |
: |
Profit and loss account to be annexed and auditors' report to be attached to balance sheet.
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Section 217 |
: |
Board's report.
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Section 218 |
: |
Penalty for improper issue, circulation or publication of balance sheet or profit and loss account.
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Section 219 |
: |
Right of member to copies of balance sheet and auditors' report.
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Section 220 |
: |
Three copies of balance sheet, etc., to be filed with Registrar.
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Section 221 |
: |
Duty of officer to make disclosure of payments, etc.
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Section 222 |
: |
Construction of references to documents annexed to accounts.
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Section 223 |
: |
Certain companies to publish statement in the Form in Table F in Schedule I.
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Section 224 |
: |
Appointment and remuneration of auditors.
|
Section 224A |
: |
Auditor not to be appointed except with the approval of the company by special resolution in certain cases.
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Section 225 |
: |
Provisions as to resolutions for appointing or removing auditors.
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Section 226 |
: |
Qualifications and disqualifications of auditors.
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Section 227 |
: |
Powers and duties of auditors.
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Section 228 |
: |
Audit of accounts of branch office of company.
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Section 229 |
: |
Signature of audit report, etc.
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Section 230 |
: |
Reading and inspection of auditor's report.
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Section 231 |
: |
Right of auditor to attend general meeting.
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Section 232 |
: |
Penalty for non-compliance with sections 225 to 231.
|
Section 233 |
: |
Penalty for non-compliance by auditor with sections 227 and 229.
|
Section 233A |
: |
Power of Central Government to direct special audit in certain cases.
|
Section 233B |
: |
Audit of cost accounts in certain cases.
|
Section 234 |
: |
Power of Registrar to call for information or explanation.
|
Section 234A |
: |
Seizure of documents by Registrar.
|
Section 235 |
: |
Investigation of the affairs of a company.
|
Section 236 |
: |
Application by members to be supported by evidence and power to call for security.
|
Section 237 |
: |
Investigation of company's affairs in other cases.
|
Section 238 |
: |
Firm, body corporate or association not to be appointed as inspector.
|
Section 239 |
: |
Power of inspectors to carry investigation into affairs of related companies, etc
|
Section 240 |
: |
Production of documents and evidence.
|
Section 240A |
: |
Seizure of documents by inspector.
|
Section 241 |
: |
Inspectors' report.
|
Section 242 |
: |
Prosecution.
|
Section 243 |
: |
Application for winding up of company or an order under section 397 or 398.
|
Section 244 |
: |
Proceedings for recovery of damages or property.
|
Section 245 |
: |
Expenses of investigation.
|
Section 246 |
: |
Inspectors' report to be evidence.
|
Section 247 |
: |
Investigation of ownership of company.
|
Section 248 |
: |
Information regarding persons having an interest in company or in body corporate or firm acting as managing agent thereof.
|
Section 249 |
: |
Investigation of associateship with managing agent, etc.
|
Section 250 |
: |
Imposition of restrictions upon shares and debentures and prohibition of transfer of shares or debentures in certain cases.
|
Section 250A |
: |
Voluntary winding-up of company, etc., not to stop investigation proceedings.
|
Section 251 |
: |
Saving for legal advisers and bankers.
|
Section 252 |
: |
Minimum number of directors.
|
Section 253 |
: |
Only individuals to be directors.
|
Section 254 |
: |
Subscribers of memorandum deemed to be directors.
|
Section 255 |
: |
Appointment of directors and proportion of those who are to retire by rotation.
|
Section 256 |
: |
Ascertainment of directors retiring by rotation and filling of vacancies.
|
Section 257 |
: |
Right of persons other than retiring directors to stand for directorship.
|
Section 258 |
: |
Right of company to increase or reduce the number of directors.
|
Section 259 |
: |
Increase in number of directors to require Government sanction.
|
Section 260 |
: |
Additional directors.
|
Section 261 |
: |
Certain persons not to be appointed directors, except by special resolution.
|
Section 262 |
: |
Filling of casual vacancies among directors.
|
Section 263 |
: |
Appointment of directors to be voted on individually.
|
Section 263A |
: |
Sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc.
|
Section 264 |
: |
Consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the Registrar.
|
Section 265 |
: |
Option to company to adopt proportional representation for the appointment of directors.
|
Section 266 |
: |
Restrictions on appointment or advertisement of director.
|
Section 266A |
: |
Application for allotment of Director Identification Number.
|
Section 266B |
: |
Allotment of Director Identification Number.
|
Section 266C |
: |
Prohibition to obtain more than one Director Identification Number.
|
Section 266D |
: |
Obligation of director to intimate Director Identification Number to concerned company or companies.
|
Section 266E |
: |
Obligation of company to inform Director Identification Number to Registrar.
|
Section 266F |
: |
Obligation to indicate Director Identification Number.
|
Section 266G |
: |
Penalty for contravention of provisions of section 266A or section 266C or section 266D or section 266E.
|
Section 267 |
: |
Certain persons not to be appointed managing directors.
|
Section 268 |
: |
Amendment of provision relating to managing, whole-time or non-rotational directors to require Government approval.
|
Section 269 |
: |
Appointment of managing or whole-time director or manager to require Government approval only in certain cases.
|
Section 270 |
: |
Time within which share qualification is to be obtained and maximum amount thereof.
|
Section 271 |
: |
Filing of declaration of share qualification by director.
|
Section 272 |
: |
Penalty.
|
Section 273 |
: |
Saving.
|
Section 274 |
: |
Disqualifications of directors.
|
Section 275 |
: |
No person to be a director of more than [fifteen companies].
|
Section 276 |
: |
Choice to be made by director of more than [fifteen] companies at commencement of Act.
|
Section 277 |
: |
Choice by person becoming director of more than [fifteen] companies after commencement of Act.
|
Section 278 |
: |
Exclusion of certain directorships for the purposes of sections 275, 276 and 277.
|
Section 279 |
: |
Penalty.
|
Section 280 |
: |
Age limit.
|
Section 281 |
: |
Age limit not to apply if company so resolves.
|
Section 282 |
: |
Duty of director to disclose age.
|
Section 283 |
: |
Vacation of office by directors.
|
Section 284 |
: |
Removal of directors.
|
Section 285 |
: |
Board to meet at least once in every three calendar months.
|
Section 286 |
: |
Notice of meetings.
|
Section 287 |
: |
Quorum for meetings.
|
Section 288 |
: |
Procedure where meeting adjourned for want of quorum.
|
Section 289 |
: |
Passing of resolutions by circulation.
|
Section 290 |
: |
Validity of acts of directors.
|
Section 291 |
: |
General powers of Board.
|
Section 292 |
: |
Certain powers to be exercised by Board only at meeting.
|
Section 292A |
: |
Audit Committee.
|
Section 293 |
: |
Restrictions on powers of Board.
|
Section 293A |
: |
Prohibitions and restrictions regarding political contributions.
|
Section 293B |
: |
Power of Board and other persons to make contributions to the National Defence Fund, etc.
|
Section 294 |
: |
Appointment of sole selling agents to require approval of company in general meeting.
|
Section 294A |
: |
Prohibition of payment of compensation to sole selling agents for loss of office in certain cases.
|
Section 294AA |
: |
Power of Central Government to prohibit the appointment of sole selling agents in certain cases.
|
Section 295 |
: |
Loans to directors, etc.
|
Section 296 |
: |
Application of section 295 to book debts in certain cases.
|
Section 297 |
: |
Board's sanction to be required for certain contracts in which particular directors are interested.
|
Section 298 |
: |
Power of directors to carry on business when managing agent or secretaries and treasurers are deemed to have vacated office, etc.
|
Section 299 |
: |
Disclosure of interest by director.
|
Section 300 |
: |
Interested director not to participate or vote in Board's proceedings.
|
Section 301 |
: |
Register of contracts, companies and firms in which directors are interested.
|
Section 302 |
: |
Disclosure to members of directors interest in contract appointing manager, managing director, managing agent or secretaries and treasurers.
|
Section 303 |
: |
Register of directors etc.
|
Section 304 |
: |
Inspection of the register.
|
Section 305 |
: |
Duty of directors, etc. to make disclosure.
|
Section 306 |
: |
Register to be kept by Registrar and inspection thereof.
|
Section 307 |
: |
Register of directors' shareholdings, etc.
|
Section 308 |
: |
Duty of directors and persons deemed to be directors to make disclosure of shareholdings.
|
Section 309 |
: |
Remuneration of directors.
|
Section 310 |
: |
Provision for increase in remuneration to require Government sanction.
|
Section 311 |
: |
Increase in remuneration of managing director on re-appointment or appointment after Act to require Government sanction.
|
Section 312 |
: |
Prohibition of assignment of office by director.
|
Section 313 |
: |
Appointment and term of office of alternate directors.
|
Section 314 |
: |
Director, etc., not to hold office or place of profit.
|
Section 315 |
: |
Application of sections 316 and 317.
|
Section 316 |
: |
Number of companies of which one person may be appointed managing director.
|
Section 317 |
: |
Managing director not to be appointed for more than five years at a time.
|
Section 318 |
: |
Compensation for loss of office not permissible except to managing or whole-time directors or to directors who are managers.
|
Section 319 |
: |
Payment to director, etc., for loss of office, etc., in connection with transfer of undertaking or property.
|
Section 320 |
: |
Payment to director for loss of office, etc., in connection with transfer of shares.
|
Section 321 |
: |
Provisions supplementary to sections 318, 319 and 320.
|
Section 322 |
: |
Directors, etc., with unlimited liability in limited company.
|
Section 323 |
: |
Special resolution of limited company making liability of directors, etc., unlimited.
|
Section 324 to 348 |
: |
Prohibition of appointment of managing agent in certain cases
|
Section 349 |
: |
Determination of net profits.
|
Section 350 |
: |
Ascertainment of depreciation.
|
Section 351 to 354. |
: |
Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000,
|
Section 355 |
: |
Saving.
|
Section 356 to 369. |
: |
Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000.
|
Section 370. |
: |
Loans, etc., to companies under the same management.
|
Section 370A |
: |
Provisions as to certain loans which could not have been made if sections 369 and 370 were in force.
|
Section 371 |
: |
Penalty for contravention of section 369, 370 or 370A.
|
Section 372 |
: |
Purchase by company of shares, etc., of other companies.
|
Section 372A |
: |
Inter-corporate loans and investments.
|
Section 373 |
: |
Investments made before commencement of Act.
|
Section 374. |
: |
Penalty for contravention of section 372 or 373.
|
Section 375 |
: |
Managing agent not to engage in business competing with business of managed company.
|
Section 376. |
: |
Conditions prohibiting reconstruction or amalgamation of company.
|
Section 377 |
: |
Restrictions on right of managing agent to appoint directors.
|
Section 378 to 383 |
: |
Sections 378 to 383. Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000.
|
Section 383A. |
: |
Certain companies to have secretaries.
|
Section 384 |
: |
Firm or body corporate not to be appointed manager.
|
Section 385. |
: |
Certain persons not to be appointed managers.
|
Section 386 |
: |
Number of companies of which a person may be appointed manager.
|
Section 387. |
: |
Remuneration of manager.
|
Section 388 |
: |
Application of sections [269, 310], 311, 312 and 317 to managers.
|
Section 388A |
: |
Sections 386 to 388 not to apply to certain private companies.
|
Section 388B |
: |
Reference to [Tribunal] of cases against managerial personnel.
|
Section 388C |
: |
Interim order by [Tribunal].
|
Section 388D |
: |
Decision of the Tribunal.
|
Section 388E |
: |
Power of Central Government to remove managerial personnel on the basis of Tribunal's decision.
|
Section 389 |
: |
Power for companies to refer matters to arbitration.
|
Section 390 |
: |
Interpretation of sections 391 and 393.
|
Section 391 |
: |
Power to compromise or make arrangements with creditors and members.
|
Section 392 |
: |
Power of Tribunal to enforce compromise and arrangement.
|
Section 393 |
: |
Information as to compromises or arrangements with creditors and members.
|
Section 394 |
: |
Provisions for facilitating reconstruction and amalgamation of companies.
|
Section 394A |
: |
Notice to be given to Central Government for applications under sections 391 and 394.
|
Section 395 |
: |
Power and duty to acquire shares of shareholders dissenting from scheme or contract approved by majority.
|
Section 396 |
: |
Power of Central Government to provide for amalgamation of companies in national interest.
|
Section 396A |
: |
Preservation of books and papers of amalgamated company.
|
Section 397 |
: |
Application to Tribunal for relief in cases of oppression.
|
Section 398 |
: |
Application to Tribunal for relief in cases of mismanagement.
|
Section 399 |
: |
Right to apply under sections 397 and 398.
|
Section 400 |
: |
Notice to be given to Central Government of applications under sections 397 and 398.
|
Section 401 |
: |
Right of Central Government to apply under sections 397 and 398.
|
Section 402 |
: |
Powers of Tribunal on application under section 397 or 398.
|
Section 403 |
: |
Interim order by Tribunal.
|
Section 404 |
: |
Effect of alteration of memorandum or articles of company by order under section 397 or 398.
|
Section 405 |
: |
Addition of respondents to application under section 397 or 398.
|
Section 406 |
: |
Application of sections 539 to 544 to proceedings under sections 397 and 398.
|
Section 407 |
: |
Consequences of termination or modification of certain agreements.
|
Section 408 |
: |
Powers of Government to prevent oppression or mismanagement.
|
Section 409 |
: |
Power of Tribunal to prevent change in Board of directors likely to affect company prejudicially.
|
Section 410 |
: |
Appointment of Advisory Committee.
|
Section 411 to 415 |
: |
Omitted by the Companies (Amendment) Act, 1965, Act 31 of 1965, w.e.f. 15-10-1965.
|
Section 416 |
: |
Contracts by agents of company in which company is undisclosed principal.
|
Section 417 |
: |
Employees' securities to be deposited in post office savings bank or Scheduled Bank.
|
Section 418 |
: |
Provisions applicable to provident funds of employees.
|
Section 419 |
: |
Right of employee to see bank's receipt for moneys or securities referred to in section 417 or 418.
|
Section 420 |
: |
Penalty for contravention of sections 417, 418 and 419.
|
Section 421 |
: |
Filing of accounts of receivers.
|
Section 422 |
: |
Invoices, etc., to refer to receiver where there is one.
|
Section 423 |
: |
Penalty for non-compliance with sections 421 and 422.
|
Section 424 |
: |
Application of sections 421 to 423 to receivers and managers appointed by Tribunal and managers appointed in pursuance of an instrument.
|
Chapter: VIA |
REVIVAL AND REHABILITATION OF SICK INDUSTRIAL COMPANIES |
Section 424A |
: |
Reference to Tribunal.
|
Section 424B |
: |
Inquiry into working of sick industrial companies.
|
Section 424C |
: |
Powers of Tribunal to make suitable order on completion of inquiry.
|
Section 424D |
: |
Preparation and sanction of schemes.
|
Section 424E |
: |
Rehabilitation by giving financial assistance.
|
Section 424F |
: |
Arrangement for continuing operations, etc., during inquiry.
|
Section 424G |
: |
Winding up of sick industrial company.
|
Section 424H |
: |
Operating agency to prepare complete inventory, etc.
|
Section 424I |
: |
Direction not to dispose of assets.
|
Section 424J |
: |
Power of Tribunal to call for periodic information.
|
Section 424K |
: |
Misfeasance proceedings.
|
Section 424L |
: |
Penalty for certain offences.
|
Chapter: VII |
WINDING UP |
Section 425 |
: |
Modes of winding up.
|
Section 426 |
: |
Liability as contributories of present and past members.
|
Section 427 |
: |
Obligations of directors and managers whose liability is unlimited.
|
Section 428 |
: |
Definition of "contributory".
|
Section 429 |
: |
Nature of liability of contributory.
|
Section 430 |
: |
Contributories in case of death of member.
|
Section 431 |
: |
Contributories in case of insolvency of member.
|
Section 432 |
: |
Contributories in case of winding up of a body corporate which is a member.
|
Section 433 |
: |
Circumstances in which company may be wound up by Tribunal.
|
Section 434 |
: |
Company when deemed unable to pay its debts.
|
Section 435 |
: |
Transfer of winding up proceedings to District Court.
|
Section 436 |
: |
Withdrawal and transfer of winding up from one District Court to another.
|
Section 437 |
: |
Power of High Court to retain winding up proceedings in District Court.
|
Section 438 |
: |
Jurisdiction of High Court under sections 435, 436 and 437 to be exercised at any time and at any stage.
|
Section 439 |
: |
Provisions as to applications for winding up.
|
Section 439A |
: |
Statement of affairs to be filed on winding up of a company.
|
Section 440 |
: |
Right to present winding up petition where company is being wound up voluntarily.
|
Section 441 |
: |
Commencement of winding up by Tribunal.
|
Section 441A |
: |
Levy and collection of cess on turnover or gross receipts of companies.
|
Section 441B |
: |
Crediting proceeds of cess to Consolidated Fund of India.
|
Section 441C |
: |
Rehabilitation Fund.
|
Section 441D |
: |
Application of Fund.
|
Section 441E |
: |
Power to call for information.
|
Section 441F |
: |
Penalty for non-payment of cess.
|
Section 441G |
: |
Refund of fund in certain cases.
|
Section 442 |
: |
Power of Court to stay or restrain proceedings against company.
|
Section 443 |
: |
Power of Tribunal on hearing petition.
|
Section 444 |
: |
Order for winding up to be communicated to Official Liquidator and Registrar.
|
Section 445 |
: |
Copy of winding up order to be filed with Registrar.
|
Section 446 |
: |
Suits stayed on winding up order.
|
Section 446A |
: |
Responsibility of directors and officers to submit to Tribunal audited books of account.
|
Section 447 |
: |
Effect of winding up order.
|
Section 448 |
: |
Appointment of Official Liquidator.
|
Section 449 |
: |
Official Liquidator to be liquidator.
|
Section 450 |
: |
Appointment and powers of provisional liquidator.
|
Section 451 |
: |
General provisions as to liquidators.
|
Section 452 |
: |
Style, etc., of liquidator.
|
Section 453 |
: |
Receiver not to be appointed of assets with liquidator.
|
Section 454 |
: |
Statement of affairs to be made to Official Liquidator.
|
Section 455 |
: |
Report by Official Liquidator.
|
Section 456 |
: |
Custody of company's property.
|
Section 457 |
: |
Powers of liquidator.
|
Section 458 |
: |
Discretion of liquidator.
|
Section 458A |
: |
Exclusion of certain time in computing periods of limitation.
|
Section 459 |
: |
Provision for legal assistance to liquidator.
|
Section 460 |
: |
Exercise and control of liquidator's powers.
|
Section 461 |
: |
Books to be kept by liquidator.
|
Section 462 |
: |
Audit of liquidator's accounts.
|
Section 463 |
: |
Control of Central Government over liquidators.
|
Section 464 |
: |
Appointment and composition of committee of inspection.
|
Section 465 |
: |
Constitution and proceedings of committee of inspection.
|
Section 466 |
: |
Power of Tribunal to stay winding up.
|
Section 467 |
: |
Settlement of list of contributories and application of assets.
|
Section 468 |
: |
Delivery of property to liquidator.
|
Section 469 |
: |
Payment of debts due by contributory and extent of set-off.
|
Section 470 |
: |
Power of Tribunal to make calls.
|
Section 471 |
: |
Payment into bank of moneys due to company.
|
Section 472 |
: |
Moneys and securities paid into bank to be subject to order of Tribunal.
|
Section 473 |
: |
Order on contributory to be conclusive evidence.
|
Section 474 |
: |
Power to exclude creditors not proving in time.
|
Section 475 |
: |
Adjustment of rights of contributories.
|
Section 476 |
: |
Power to order costs.
|
Section 477 |
: |
Power to summon persons suspected of having property of company, etc.
|
Section 478 |
: |
Power to order public examination of promoters, directors, etc.
|
Section 479 |
: |
Power to arrest absconding contributory.
|
Section 480 |
: |
Saving of existing powers of Tribunal.
|
Section 481 |
: |
Dissolution of company.
|
Section 482 |
: |
Order made in any Court to be enforced by other Courts.
|
Section 483 |
: |
Appeals from orders.
|
Section 484 |
: |
Circumstances in which company may be wound-up voluntarily.
|
Section 485 |
: |
Publication of resolution to wind-up voluntarily.
|
Section 486 |
: |
Commencement of voluntary winding up.
|
Section 487 |
: |
Effect of voluntary winding up on status of company.
|
Section 488 |
: |
Declaration of solvency in case of proposal to wind-up voluntarily.
|
Section 489 |
: |
Provisions applicable to a members' voluntary winding up.
|
Section 490 |
: |
Power of company to appoint and fix remuneration of liquidators.
|
Section 491 |
: |
Board's powers to cease on appointment of a liquidator.
|
Section 492 |
: |
Power to fill vacancy in office of liquidator.
|
Section 493 |
: |
Notice of appointment of liquidator to be given to Registrar.
|
Section 494 |
: |
Power of liquidator to accept shares, etc., as consideration for sale of property of company.
|
Section 495 |
: |
Duty of liquidator to call creditors' meeting in case of insolvency.
|
Section 496 |
: |
Duty of liquidator to call general meeting at the end of each year.
|
Section 497 |
: |
Final meeting and dissolution.
|
Section 498 |
: |
Alternative provisions as to annual and final meetings in case of insolvency.
|
Section 499 |
: |
Provisions applicable to a creditor's voluntary winding up.
|
Section 500 |
: |
Meeting of creditors.
|
Section 501 |
: |
Notice of resolutions passed by creditors' meeting to be given to Registrar.
|
Section 502 |
: |
Appointment of liquidator.
|
Section 503 |
: |
Appointment of committee of inspection.
|
Section 504 |
: |
Fixing of liquidators' remuneration.
|
Section 505 |
: |
Board's powers to cease on appointment of liquidator.
|
Section 506 |
: |
Power to fill vacancy in office of liquidator.
|
Section 507 |
: |
Application of section 494 to a creditors voluntary winding up.
|
Section 508 |
: |
Duty of liquidator to call meetings of company and of creditors at end of each year.
|
Section 509 |
: |
Final meeting and dissolution.
|
Section 510 |
: |
Provisions applicable to every voluntary winding up.
|
Section 511 |
: |
Distribution of property of company.
|
Section 511A |
: |
Application of section 454 to voluntary winding up.
|
Section 512 |
: |
Powers and duties of liquidator in voluntary winding up.
|
Section 513 |
: |
Body corporate not to be appointed as liquidator.
|
Section 514 |
: |
Corrupt inducement affecting appointment as liquidator.
|
Section 515 |
: |
Power of Tribunal to appoint and remove liquidator in voluntary winding up.
|
Section 516 |
: |
Notice by liquidator of his appointment.
|
Section 517 |
: |
Arrangement when binding on company and creditors.
|
Section 518 |
: |
Power to apply to Tribunal to have questions determined or powers exercised.
|
Section 519 |
: |
Application of liquidator to Tribunal for public examination of promoters, directors, etc.
|
Section 520 |
: |
Costs of voluntary winding up.
|
Section 521 |
: |
Saving of right of creditors and contributories to apply for winding up.
|
Section 522 |
: |
Power to order winding up subject to supervision.
|
Section 523 |
: |
Effect of petition for winding up subject to supervision.
|
Section 524 |
: |
Power of Court to appoint or remove liquidators.
|
Section 525 |
: |
Powers and obligations of liquidator appointed by court.
|
Section 526 |
: |
Effect of supervision order.
|
Section 527 |
: |
Appointment in certain cases of voluntary liquidators to office of liquidators.
|
Section 528 |
: |
Debts of all descriptions to be admitted to proof.
|
Section 529 |
: |
Application of insolvency rules in winding up of insolvent companies.
|
Section 529A |
: |
Overriding preferential payments.
|
Section 530 |
: |
Preferential payments.
|
Section 531 |
: |
Fraudulent preference.
|
Section 531A |
: |
Avoidance of voluntary transfer.
|
Section 532 |
: |
Transfers for benefit of all creditors to be void.
|
Section 533 |
: |
Liabilities and rights of certain fraudulently preferred persons.
|
Section 534 |
: |
Effect of floating charge.
|
Section 535 |
: |
Disclaimer of onerous property in case of a company which is being wound-up.
|
Section 536 |
: |
Avoidance of transfers, etc., after commencement of winding up.
|
Section 537 |
: |
Avoidance of certain attachments, executions, etc., in winding up by Tribunal.
|
Section 538 |
: |
Offences by officers of companies in liquidation.
|
Section 539 |
: |
Penalty for falsification of books.
|
Section 540 |
: |
Penalty for frauds by officers.
|
Section 541 |
: |
Liability where proper accounts not kept.
|
Section 542 |
: |
Liability for fraudulent conduct of business.
|
Section 543 |
: |
Power of Tribunal to assess damages against delinquent directors, etc.
|
Section 544 |
: |
Liability under sections 542 and 543 to extend to partners or directors in firm or company.
|
Section 545 |
: |
Prosecution of delinquent officers and members of the company.
|
Section 546 |
: |
Liquidator to exercise certain powers subject to sanction.
|
Section 547 |
: |
Notification that a company is in liquidation.
|
Section 548 |
: |
Books and papers of company to be evidence.
|
Section 549 |
: |
Inspection of books and papers by creditors and contributories.
|
Section 550 |
: |
Disposal of books and papers of company.
|
Section 551 |
: |
Information as to pending liquidations.
|
Section 552 |
: |
Official Liquidator to make payments into the public account of India.
|
Section 553 |
: |
Voluntary liquidator to make payments into Scheduled Bank.
|
Section 553 |
: |
Voluntary liquidator to make payments into Scheduled Bank.
|
Section 554 |
: |
Liquidator not to pay moneys into private banking account.
|
Section 555 |
: |
Unpaid dividends and undistributed assets to be paid into the Companies Liquidation Account.
|
Section 556 |
: |
Enforcement of duty of liquidator to make returns, etc.
|
Section 557 |
: |
Meetings to ascertain wishes of creditors or contributories.
|
Section 558 |
: |
Tribunal or person before whom affidavit may be sworn.
|
Section 559 |
: |
Power of Tribunal to declare dissolution of company void.
|
Section 560 |
: |
Power of Registrar to strike defunct company off register.
|
Chapter: VIII |
APPLICATION OF ACT TO COMPANIES FORMED OR REGISTERED UNDER PREVIOUS COMPANIES LAWS |
Section 561 |
: |
Application of Act to companies formed and registered under previous companies laws.
|
Section 562 |
: |
Application of Act to companies registered but not formed under previous companies laws.
|
Section 563 |
: |
Application of Act to unlimited companies registered under previous companies laws.
|
Section 564 |
: |
Mode of transferring shares in the case of companies registered under Acts 19 of 1857 and 7 of 1860.
|
Chapter: IX |
COMPANIES AUTHORISED TO REGISTER UNDER THIS ACT |
Section 565 |
: |
Companies capable of being registered.
|
Section 566 |
: |
Definition of "joint-stock company".
|
Section 567 |
: |
Requirements for registration of joint-stock companies.
|
Section 568 |
: |
Requirements for registration of companies not being joint-stock companies.
|
Section 569 |
: |
Authentication of statements of existing companies.
|
Section 570 |
: |
Power of Registrar to require evidence as to nature of company.
|
Section 571 |
: |
Notice to customers on registration of banking company with limited liability.
|
Section 572 |
: |
Change of name for purposes of registration.
|
Section 573 |
: |
Addition of "Limited" or "Private Limited" to name.
|
Section 574 |
: |
Certificate of registration of existing companies.
|
Section 575 |
: |
Vesting of property on registration.
|
Section 576 |
: |
Saving for existing liabilities.
|
Section 577 |
: |
Continuation of pending legal proceedings.
|
Section 578 |
: |
Effect of registration under Part.
|
Section 579 |
: |
Power to substitute memorandum and articles for deed of settlement.
|
Section 580 |
: |
Power of Court to stay or restrain proceedings.
|
Section 581 |
: |
Suits stayed on winding up order.
|
Chapter: IXA |
CHAPTER I PRODUCER COMPANIES |
Section 581A |
: |
Definitions.
|
Section 581B |
: |
Objects of Producer Company.
|
Section 581C |
: |
Formation of Producer Company and its registration.
|
Section 581D |
: |
Membership and voting rights of Members of Producer Company.
|
Section 581E |
: |
Benefits to Members.
|
Section 581F |
: |
Memorandum of Producer Company.
|
Section 581G |
: |
Articles of association.
|
Section 581H |
: |
Amendment of memorandum.
|
Section 581I |
: |
Amendment of articles.
|
Section 581J |
: |
Option to inter-State co-operative societies to become Producer Companies.
|
Section 581K |
: |
Effect of incorporation of Producer Company.
|
Section 581L |
: |
Vesting of undertaking in Producer Company.
|
Section 581M |
: |
Concession, etc., to be deemed to have been granted to Producer Company.
|
Section 581N |
: |
Provisions in respect of officers and other employees of inter-State co-operative society.
|
Section 581O |
: |
Number of directors.
|
Section 581P |
: |
Appointment of directors.
|
Section 581Q |
: |
Vacation of office by directors.
|
Section 581R |
: |
Powers and functions of Board.
|
Section 581S |
: |
Matters to be transacted at general meeting.
|
Section 581T |
: |
Liability of directors.
|
Section 581U |
: |
Committee of directors.
|
Section 581V |
: |
Meetings of Board and quorum.
|
Section 581W |
: |
Chief Executive and his functions.
|
Section 581X |
: |
Secretary of Producer Company.
|
Section 581Y |
: |
Quorum.
|
Section 581Z |
: |
Voting rights.
|
Section 581ZA |
: |
Annual general meetings.
|
Section 581ZB |
: |
Share capital.
|
Section 581ZC |
: |
Special user rights.
|
Section 581ZD |
: |
Transferability of shares and attendant rights.
|
Section 581ZE |
: |
Books of account.
|
Section 581ZF |
: |
Internal audit.
|
Section 581ZG |
: |
Duties of auditor under this Part.
|
Section 581ZH |
: |
Donations or subscription by Producer Company.
|
Section 581ZI |
: |
General and other reserves.
|
Section 581ZJ |
: |
Issue of bonus shares.
|
Section 581ZK |
: |
Loan, etc., to Members.
|
Section 581ZL |
: |
Investment in other companies, formation of subsidiaries, etc.
|
Section 581ZM |
: |
Penalty for contravention.
|
Section 581ZN |
: |
Amalgamation, merger or division, etc., to form new Producer Companies.
|
Section 581ZO |
: |
Disputes.
|
Section 581ZP |
: |
Strike off name of Producer Company.
|
Section 581ZQ |
: |
Provisions of this Part to override other laws.
|
Section 581ZR |
: |
Application of provisions relating to private companies.
|
Section 581ZS |
: |
Reconversion of Producer Company to inter-State co-operative society.
|
Section 581ZT |
: |
Power to modify Act in its application to Producer Companies.
|
Chapter: X |
WINDING UP OF UNREGISTERED COMPANIES |
Section 582 |
: |
Meaning of "unregistered company".
|
Section 583 |
: |
Winding up of unregistered companies.
|
Section 584 |
: |
Power to wind-up foreign companies, although dissolved.
|
Section 585 |
: |
Contributories in winding up of unregistered company.
|
Section 586 |
: |
Power to stay or restrain proceedings.
|
Section 587 |
: |
Suits, etc., stayed on winding up order.
|
Section 588 |
: |
Directions as to property in certain cases.
|
Section 589 |
: |
Provisions of Part cumulative.
|
Section 590 |
: |
Saving and construction of enactments conferring power to wind-up partnership, association or company in certain cases.
|
Chapter: XI |
COMPANIES INCORPORATED OUTSIDE INDIA |
Section 591 |
: |
Application of sections 592 to 602 to foreign companies.
|
Section 592 |
: |
Documents, etc., to be delivered to Registrar by foreign companies carrying on business in India.
|
Section 593 |
: |
Return to be delivered to Registrar by foreign company where documents, etc., altered.
|
Section 594 |
: |
Accounts of foreign company.
|
Section 595 |
: |
Obligation to state name of foreign company, whether limited, and country where incorporated.
|
Section 596 |
: |
Service on foreign company.
|
Section 597 |
: |
Office where documents to be delivered.
|
Section 598 |
: |
Penalties.
|
Section 599 |
: |
Company's failure to comply with Part not to affect its liability under contracts, etc.
|
Section 600 |
: |
Registration of charges, appointment of receiver and books of account.
|
Section 601 |
: |
Fees for registration of documents under Part.
|
Section 602 |
: |
Interpretation of foregoing sections of Part.
|
Section 603 |
: |
Dating of prospectus and particulars to be contained therein.
|
Section 604 |
: |
Provisions as to expert's consent and allotment.
|
Section 605 |
: |
Registration of prospectus.
|
Section 605A |
: |
Offer of Indian Depository Receipts.
|
Section 606 |
: |
Penalty for contravention of sections 603, 604 and 605.
|
Section 607 |
: |
Civil liability for mis-statements in prospectus.
|
Section 608 |
: |
Interpretation of provisions as to prospectuses.
|
Chapter: XII |
REGISTRATION OFFICES AND OFFICERS AND FEES |
Section 609 |
: |
Registration offices.
|
Section 610 |
: |
Inspection, production and evidence of documents kept by Registrar.
|
Section 610A |
: |
Admissibility of micro films, facsimile copies of documents, computer printouts and documents on computer media as documents and as evidence.
|
Section 610B |
: |
Provisions relating to filing of applications, documents inspection, etc., through electronic form.
|
Section 610C |
: |
Power to modify Act in relation to electronic records (including the manner and form in which electronic records shall be filed).
|
Section 610D |
: |
Providing of value added services through electronic form.
|
Section 610E |
: |
Application of provisions of Act 21 of 2000.
|
Section 611 |
: |
Fees in Schedule X to be paid.
|
Section 612 |
: |
Fees, etc., paid to Registrar and other officers to be accounted for to Central Government.
|
Section 613 |
: |
Power of Central Government to reduce fees, charges, etc.
|
Section 614 |
: |
Enforcement of duty of company to make returns, etc., to Registrar.
|
Section 614A |
: |
Power of Court trying offences under the Act to direct the filing of documents with Registrar.
|
Chapter: XIII |
GENERAL |
Section 615 |
: |
Power of Central Government to direct companies to furnish information or statistics.
|
Section 616 |
: |
Application of Act to insurance, banking, electricity supply and other companies governed by special Acts.
|
Section 617 |
: |
Definition of "Government Company".
|
Section 618 |
: |
Government companies not to have managing agents.
|
Section 619 |
: |
Application of sections 224 to 233 to Government companies.
|
Section 619A |
: |
Annual reports on Government companies.
|
Section 619B |
: |
Provisions of section 619 to apply to certain companies.
|
Section 620 |
: |
Power to modify Act in relation to Government companies.
|
Section 620A |
: |
Power to modify Act in its application to Nidhis, etc.
|
Section 620B |
: |
Special provisions as to companies in Goa, Daman and Diu.
|
Section 620C |
: |
Special provisions as to companies in Jammu and Kashmir.
|
Section 621 |
: |
Offences against Act to be cognizable only on complaint by Registrar, shareholder or Government.
|
Section 621A |
: |
Composition of certain offences.
|
Section 622 |
: |
Jurisdiction to try offences.
|
Section 623 |
: |
Certain offences triable summarily in Presidency towns.
|
Section 624 |
: |
Offences to be non-cognizable.
|
Section 624A |
: |
Power of Central Government to appoint company prosecutors.
|
Section 624B |
: |
Appeal against acquittal.
|
Section 625 |
: |
Payment of compensation in cases of frivolous or vexatious prosecution.
|
Section 626 |
: |
Application of fines.
|
Section 627 |
: |
Production and inspection of books where offence suspected.
|
Section 628 |
: |
Penalty for false statements.
|
Section 629 |
: |
Penalty for false evidence.
|
Section 629A |
: |
Penalty where no specific penalty is provided elsewhere in the Act.
|
Section 630 |
: |
Penalty for wrongful withholding of property.
|
Section 631 |
: |
Penalty for improper use of words "Limited" and "Private Limited".
|
Section 632 |
: |
Power to require limited company to give security for costs.
|
Section 633 |
: |
Power of Court to grant relief in certain cases.
|
Section 634 |
: |
Enforcement of orders of Courts.
|
Section 634A |
: |
Enforcement of orders of Company Law Board.
|
Section 635 |
: |
Enforcement of orders of one Court by other Courts.
|
Section 635A |
: |
Protection of acts done in good faith.
|
Section 635AA |
: |
Non-disclosure of information in certain cases.
|
Section 635B |
: |
Protection of employees during investigation by inspector or pendency or proceeding before Appellate Tribunal in certain cases.
|
Section 636 |
: |
Reduction of fees, charges, etc., payable to company.
|
Section 637 |
: |
Delegation by Central Government of its powers and functions under Act.
|
Section 637A |
: |
Power of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications.
|
Section 637AA |
: |
Power of Central Government to fix a limit with regard to remuneration.
|
Section 637B |
: |
Condonation of delays in certain cases.
|
Section 638 |
: |
Annual report by Central Government.
|
Section 639 |
: |
Annual reports on Government companies to be placed before Parliament, etc.
|
Section 640 |
: |
Validation of registration of firms as members of charitable and other companies.
|
Section 640A |
: |
Exclusion of time required in obtaining copies of order of Court or Tribunal.
|
Section 640B |
: |
Forms of, and procedure in relation to, certain applications.
|
Section 641 |
: |
Power to alter Schedules.
|
Section 642 |
: |
Power of Central Government to make rules.
|
Section 643 |
: |
Power of Central Government to make rules relating to winding up.
|
Section 644 |
: |
Repeal of Acts specified in Schedule XII.
|
Section 645 |
: |
Saving of orders, rules, etc., in force at commencement of Act.
|
Section 646 |
: |
Saving of operation of section 138 of Act 7 of 1913.
|
Section 647 |
: |
Saving of pending proceedings for winding up.
|
Section 647A |
: |
Transfer of winding up proceedings to Tribunal.
|
Section 648 |
: |
Saving of prosecutions instituted by liquidator or Court under section 237 of Act 7 of 1913.
|
Section 649 |
: |
Construction of references to former enactments in documents.
|
Section 650 |
: |
Construction of "registrar of joint stock companies" in Act 21 of 1860.
|
Section 651 |
: |
Construction of references to extraordinary resolution in articles, etc.
|
Section 651A |
: |
Reference of winding up of companies in any law.
|
Section 652 |
: |
Appointment under previous companies laws to have effect as if made under Act.
|
Section 653 |
: |
Former registration offices continued.
|
Section 654 |
: |
Registers under previous companies laws to be deemed to be part of registers under Act.
|
Section 655 |
: |
Funds and accounts under Act to be in continuation of funds and accounts under previous companies laws.
|
Section 656 |
: |
Saving of incorporation under repealed Acts.
|
Section 657 |
: |
Saving of certain Tables under previous companies laws.
|
Section 658 |
: |
Section 6 of the General Clauses Act, 1897 (10 of 1897) to apply in addition to sections 645 to 657 of Act.
|
SCHEDULES |
SCHEDULE I |
: |
REGULATIONS FOR MANAGEMENT OF A COMPANY LIMITED BY SHARES
|
SCHEDULE IA |
: |
List of Relatives
|
SCHEDULE II |
: |
Matters to be specified in prospectus and reports to be set out therein
|
SCHEDULE III |
: |
Form of Statement and particulars to be contained therein
|
SCHEDULE IV |
: |
Form of Statement in lieu of prospectus to be delivered to Registrar by a private company on becoming a public company and reports to be set out therein
|
SCHEDULE IX |
: |
Form of Proxy
|
SCHEDULE V |
: |
Contents and Form of Annual Return of a Company having a share capital
|
SCHEDULE VI |
: |
Form of Balance-sheet The balance sheet of a company shall be either in horizontal form or vertical form
|
SCHEDULE VII & VIII |
: |
Relating to managing agents, secretaries and treasurers are not reproduced here as they have become redundant after the abolition of the system by Act 17 of 1969 w.e.f. 3-4-1970
|
SCHEDULE X |
: |
Table of fees to be paid to the Registrar
|
SCHEDULE XI |
: |
Form in which sections 539 to 544 of Act are to apply to cases where an application is made under section 397 or 398
|
SCHEDULE XII |
: |
Enactments repealed
|
SCHEDULE XIII |
: |
Conditions to be fulfilled for the appointment of a managing or whole-time director or a manager without the approval of the Central Government
|
SCHEDULE XIV |
: |
Rates of depreciation
|
Schedule XV |
: |
See section 108B(2)(b)
|