Chapter 7 - Corporate Law Reporter

Section 119 of Companies Act, 2013 – Inspection of Minute-Books of General Meeting

SECTION 119. INSPECTION OF MINUTE-BOOKS OF GENERAL MEETING [Effective from 1st April, 2014 except sub-section (4) which is effective from 1st June, 2016] (1) The books containing the minutes of the proceedings of any general meeting of a company or of a resolution passed by postal ballot, shall— (a) be kept at the registered office… Read More

Section 118 of Companies Act, 2013 – Minutes of Proceedings of General Meeting, Meeting of Board of Directors and Other Meeting and Resolutions Passed By Postal Ballot

SECTION 118. MINUTES OF PROCEEDINGS OF GENERAL MEETING, MEETING OF BOARD OF DIRECTORS AND OTHER MEETING AND RESOLUTIONS PASSED BY POSTAL BALLOT [Effective from 1st April, 2014] (1) Every company shall cause minutes of the proceedings of every general meeting of any class of shareholders or creditors, and every resolution passed by postal ballot and… Read More

Section 117 of Companies Act, 2013 – Resolutions and Agreements to be filed

SECTION 117. RESOLUTIONS AND AGREEMENTS TO BE FILED [Effective from 1st April, 2014] (1) A copy of every resolution or any agreement, in respect of matters specified in sub-section (3) together with the explanatory statement under section 102, if any, annexed to the notice calling the meeting in which the resolution is proposed, shall be… Read More

Section 116 of Companies Act, 2013 – Resolutions passed at Adjourned Meeting

SECTION 116. RESOLUTIONS PASSED AT ADJOURNED MEETING [Effective from 12th September, 2013] Where a resolution is passed at an adjourned meeting of— (a) a company; or (b) the holders of any class of shares in a company; or (c) the Board of Directors of a company, the resolution shall, for all purposes, be treated as… Read More

Section 115 of Companies Act, 2013 – Resolutions Requiring Special Notice

SECTION 115. RESOLUTIONS REQUIRING SPECIAL NOTICE [Effective from 1st April, 2014] Where, by any provision contained in this Act or in the articles of a company, special notice is required of any resolution, notice of the intention to move such resolution shall be given to the company by such number of members holding not less… Read More

Section 114 of Companies Act, 2013 – Ordinary and Special Resolutions

SECTION 114. ORDINARY AND SPECIAL RESOLUTIONS [Effective from 12th September, 2013] (1) A resolution shall be an ordinary resolution if the notice required under this Act has been duly given and it is required to be passed by the votes cast, whether on a show of hands, or electronically or on a poll, as the… Read More

Section 113 of Companies Act, 2013 – Representation of Corporations at Meeting of Companies and Of Creditors

SECTION 113. REPRESENTATION OF CORPORATIONS AT MEETING OF COMPANIES AND OF CREDITORS [Effective from 12th September, 2013, except clause (b) of sub-section (1)] [Clause (b) of sub-section (1) effective from 1st April, 2014] (1) A body corporate, whether a company within the meaning of this Act or not, may,— (a) if it is a member… Read More

Section 112 of Companies Act, 2013 – Representation of President and Governors in Meetings

SECTION 112. REPRESENTATION OF PRESIDENT AND GOVERNORS IN MEETINGS [Effective from 12th September, 2013] (1) The President of India or the Governor of a State, if he is a member of a company, may appoint such person as he thinks fit to act as his representative at any meeting of the company or at any… Read More

Section 111 of Companies Act, 2013 – Circulation of Members’ Resolution

SECTION 111. CIRCULATION OF MEMBERS’ RESOLUTION [Effective from 12th September, 2013] (1) A company shall, on requisition in writing of such number of members, as required in section 100,— (a) give notice to members of any resolution which may properly be moved and is intended to be moved at a meeting; and (b) circulate to… Read More

Section 110 of Companies Act, 2013 – Postal Ballot

SECTION 110. POSTAL BALLOT [Effective from 1st April, 2014] (1) Notwithstanding anything contained in this Act, a company— (a) shall, in respect of such items of business as the Central Government may, by notification, declare to be transacted only by means of postal ballot; and (b) may, in respect of any item of business, other… Read More

Section 109 of Companies Act, 2013 – Demand for Poll

SECTION 109. DEMAND FOR POLL [Effective from 1st April, 2014] EXEMPTIONS Section 109 shall apply to a private company unless otherwise specified in respective sections or the articles of the company provide otherwise, vide Notification No. 464(E) dated 5th June, 2015. The above mentioned exception shall be applicable to a private company which has not… Read More

Section 108 of Companies Act, 2013 – Voting Through Electronic Means

SECTION 108. VOTING THROUGH ELECTRONIC MEANS [Effective from 1st April, 2014] The Central Government may prescribe the class or classes of companies and manner in which a member may exercise his right to vote by the electronic means. Applicable Rules Companies (Management and Administration) Rules, 2014 [Effective from 1st April, 2014] Rule 20. Voting through… Read More

Section 107 of Companies Act, 2013 – Voting by Show of Hands

SECTION 107. VOTING BY SHOW OF HANDS [Effective from 12th September, 2013] EXEMPTIONS Section 107 shall apply to a private company unless otherwise specified in respective sections or the articles of the company provide otherwise, vide Notification No. 464(E) dated 5th June, 2015. The above mentioned exception shall be applicable to a private company which… Read More