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Commencement Notification CA2013 :: Miscellaneous :: Section 452 :: Punishment for wrongful withholding of property

Chapter XXIX Miscellaneous (447 - 470) Section 452- Punishment for wrongful withholding of property (1) If any officer or employee of a company” (a) wrongfully obtains possession of any property, including cash of the company; or (b) having any such property including cash in his possession, wrongfully withholds it or knowingly applies it for the… Read More

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Commencement Notification CA2013 :: Miscellaneous :: Section 450 :: Punishment where no specific penalty or punishment is provided.

Chapter XXIX Miscellaneous (447 - 470) Section 450- Punishment where no specific penalty or punishment is provided If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made there under, or any condition, limitation or restriction subject to which any approval,… Read More

Tags: Annual General MeetingCompanyCrime and JusticeFeedBurnerProspectusPunishmentSecurity (finance)

Commencement Notification CA2013 :: Miscellaneous :: Section 449 :: Punishment for false evidence.

Chapter XXIX Miscellaneous (447 - 470) Section 449- Punishment for false evidence Save as otherwise provided in this Act, if any person intentionally gives false evidence” (a) upon any examination on oath or solemn affirmation, authorised under this Act; or (b) in any affidavit, deposition or solemn affirmation, in or about the winding up of… Read More

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Commencement Notification CA2013 :: Miscellaneous :: Section 447 :: Punishment for fraud

Chapter XXIX Miscellaneous (447 - 470) Section 447- Punishment for fraud Without prejudice to any liability including for repayment of any debt under this Act or any other law for the time being in force, any person who is found to be guilty of fraud, shall be punishable with imprisonment for a term which shall… Read More

Tags: CompanyFeedBurnerFraudLawLegal liabilityLegal personalityPunishmentSite of Special Scientific Interest

Commencement Notification CA2013 :: Special Courts :: Section 439 :: Offences to be non-cognizable

Chapter XXVIII- Special Courts (435 - 446) Section 439- Offences to be non-cognizable (1) Notwithstanding anything in the Code of Criminal Procedure, 1973, every offence under this Act except the offences referred to in sub-section (6) of section 212 shall be deemed to be non-cognizable within the meaning of the said Code. (2) No Court… Read More

Tags: Central GovernmentCode of Criminal ProcedureCompanyFeedBurnerGovernment of IndiaIndiaRegistrarsSecurities & Exchange Board of IndiaSpecial Courts

Commencement Notification CA2013 :: National Company Law Tribunal :: Section 411 :: Qualification of Chairperson and Members of Appellate Tribunal.

Chapter XXVII-National Company Law Tribunal and Appellate Tribunal (407 - 434) Section 411- Qualification of Chairperson and Members of Appellate Tribunal (1) The Chairperson shall be a person who is or has been a Judge of the Supreme Court or the Chief Justice of a High Court. (2) A Judicial Member shall be a person… Read More

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Commencement Notification CA2013 :: National Company Law Tribunal :: Section 410 :: Constitution of Appellate Tribunal

Chapter XXVII-National Company Law Tribunal and Appellate Tribunal (407 - 434) Section 410- Constitution of Appellate Tribunal The Central Government shall, by notification, constitute, with effect from such date as may be specified therein, an Appellate Tribunal to be known as the National Company Law Appellate Tribunal consisting of a Chairperson and such number of… Read More

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Commencement Notification CA2013 :: Section 405 :: Power of Central Government to direct companies to furnish information or statistics

Chapter XXV-Companies to Furnish Information or Statistics (405) Section 405- Power of Central Government to direct companies to furnish information or statistics (1) The Central Government may, by order, require companies generally, or any class of companies, or any company, to furnish such information or statistics with regard to their or its constitution or working,… Read More

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Commencement Notification CA2013 :: Section 202 :: Compensation for loss of office of managing or whole-time director or manager

Chapter XIII -Appointment and Remuneration of Managerial Personnel (196 - 205) Section 202- Compensation for loss of office of managing or whole-time director or manager (1) A company may make payment to a managing or whole-time director or manager, but not to any other director, by way of compensation for loss of office, or as… Read More

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Commencement Notification CA2013 :: Section 194 :: Prohibition on forward dealings in securities of company by a key managerial personnel

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 194- Prohibition on forward dealings in securities of company by a key managerial personnel (1) No director of a company or any of its key managerial personnel shall buy in the company, or in its holding, subsidiary or associate company” (a) a right… Read More

Tags: Board of directorsChief financial officerDebentureFeedBurnerManagementSecurity (finance)SharesSubsidiary

Commencement Notification CA2013 :: Section 192 :: Restriction on non-cash transactions involving directors.

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 192- Restriction on non-cash transactions involving directors (1) No company shall enter into an arrangement by which ” (a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets… Read More

Tags: Annual General MeetingBoard of directorsCompanies ActDebentureFeedBurnerHolding companySecurity (finance)SharesSite of Special Scientific InterestSubsidiary

Commencement Notification CA2013 :: Notified Sections 185 :: Loan to directors, etc

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 185- Loan to directors, etc (1) Save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom  director is… Read More

Tags: Board of directorsExtraordinary resolutionFeedBurnerLegal personalityPrivately held companyReserve Bank of IndiaRupeeSecurity (finance)

Commencement Notification CA2013 :: Notified Sections 182 :: Prohibitions and restrictions regarding political contributions

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 182- Prohibitions and restrictions regarding political contributions (1) Notwithstanding anything contained in any other provision of this Act, a company, other than a Government company and a company which has been in existence for less than three financial years, may contribute any amount directly or indirectly… Read More

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