Chapter 12 - Corporate Law Reporter

Form MBP-4 of Companies Act, 2013 – Register of contracts with related party and contracts and Bodies etc. in which directors are interested

Register of contracts with related party and contracts and Bodies etc. in which directors are interested Pursuant to section 189(1) and rule 16(1) Read More

Form MBP-3 of Companies Act, 2013 – Register of investments not held in its own name by the company

Register of investments not held in its own name by the company Pursuant to section 187(3) and rule 14(1) Read More

Form MBP-2 of Companies Act, 2013 – Register of loans, guarantee, security and acquisition made by the company

Register of loans, guarantee, security and acquisition made by the company Pursuant to section186(9) & rule 12(1) Read More

Form MBP-1 of Companies Act, 2013 – Notice of interest by director

Notice of interest by director Pursuant to section 184 (1) and rule 9(1) Read More

Section 195 of Companies Act, 2013 – Prohibition on insider trading of securities

SECTION 195. PROHIBITION ON INSIDER TRADING OF SECURITIES [***] [1] [1] Section 195 omitted by the Companies (Amendment) Act 2017 vide Notification No. File No. 1/1/2018-CL.I dated 9th February, 2018.Prior to omission it read as under: "SECTION 195. PROHIBITION ON INSIDER TRADING OF SECURITIES (1) No person including any director or key managerial personnel of a company… Read More

Section 194 of Companies Act, 2013 – Prohibition on forward dealings in securities of company by director or key managerial personnel

SECTION 194. PROHIBITION ON FORWARD DEALINGS IN SECURITIES OF COMPANY BY DIRECTOR OR KEY MANAGERIAL PERSONNEL [***] [1] [1] Section 194 omitted by the Companies (Amendment) Act 2017 vide Notification No. File No. 1/1/2018-CL.I dated 9th February, 2018.Prior to omission it read as under: " SECTION 194. PROHIBITION ON FORWARD DEALINGS IN SECURITIES OF COMPANY BY DIRECTOR OR KEY… Read More

Section 193 of Companies Act, 2013 – Contract by One Person Company

SECTION 193. CONTRACT BY ONE PERSON COMPANY [Effective from 1st April, 2014] (1) Where One Person Company limited by shares or by guarantee enters into a contract with the sole member of the company who is also the director of the company, the company shall, unless the contract is in writing, ensure that the terms… Read More

Section 192 of Companies Act, 2013 – Restriction on non-cash transactions involving directors

SECTION 192. RESTRICTION ON NON-CASH TRANSACTIONS INVOLVING DIRECTORS [Effective from 12th September, 2013] (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 for consideration other than cash, from the… Read More

Section 191 of Companies Act, 2013 – Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares

SECTION 191. PAYMENT TO DIRECTOR FOR LOSS OF OFFICE, ETC., IN CONNECTION WITH TRANSFER OF UNDERTAKING, PROPERTY OR SHARES [Effective from 1st April, 2014] (1) No director of a company shall, in connection with— (a) the transfer of the whole or any part of any undertaking or property of the company; or (b) the transfer… Read More

Section 190 of Companies Act, 2013 – Contract of employment with managing or whole-time directors

SECTION 190. CONTRACT OF EMPLOYMENT WITH MANAGING OR WHOLE-TIME DIRECTORS [Effective from 1st April, 2014] (1) Every company shall keep at its registered office,— (a) where a contract of service with a managing or whole-time director is in writing, a copy of the contract; or (b) where such a contract is not in writing, a… Read More

Section 189 of Companies Act, 2013 – Register of contracts or arrangements in which directors are interested

SECTION 189. REGISTER OF CONTRACTS OR ARRANGEMENTS IN WHICH DIRECTORS ARE INTERESTED [Effective from 1st April, 2014] (1) Every company shall keep one or more registers giving separately the particulars of all contracts or arrangements to which sub-section (2) of section 184 or section 188 applies, in such manner and containing such particulars as may… Read More

Section 188 of Companies Act, 2013 – Related party transactions

SECTION 188. RELATED PARTY TRANSACTIONS [Effective from 1st April, 2014] (1) Except with the consent of the Board of Directors given by a resolution at a meeting of the Board and subject to such conditions as may be prescribed, no company shall enter into any contract or arrangement with a related party with respect to—… Read More

Section 187 of Companies Act, 2013 – Investments of company to be held in its own name

SECTION 187. INVESTMENTS OF COMPANY TO BE HELD IN ITS OWN NAME [Effective from 1st April, 2014] (1) All investments made or held by a company in any property, security or other asset shall be made and held by it in its own name: Provided that the company may hold any shares in its subsidiary… Read More