Chapter 7

Section 93 of Companies Act, 2013 – Return to be Filed with Registrar in Case Promoters’ Stake Changes

SECTION 93. RETURN TO BE FILED WITH REGISTRAR IN CASE PROMOTERS’ STAKE CHANGES [Effective from 1st April, 2014] [1][***]   Applicable Rules Companies (Management and Administration) Rules, 2014 [Effective from 1st April, 2014] [2][***] Applicable Circulars Filling of MGT-10- Clarification General Circular No. 17/2014 dated 11-6-2014 In continuation of General Circular No. 06/2014 dated 29.03.2014… Read More

Section 92 of Companies Act, 2013 – Annual Return

SECTION 92. ANNUAL RETURN [Effective from 1st April, 2014] (1) Every company shall prepare a return (hereinafter referred to as the annual return) in the prescribed form containing the particulars as they stood on the close of the financial year regarding— (a) its registered office, principal business activities, particulars of its holding, subsidiary and associate… Read More

Section 91 of Companies Act, 2013 – Power to Close Register Of Members or Debenture-Holders or Other Security Holders

SECTION 91. POWER TO CLOSE REGISTER OF MEMBERS OR DEBENTURE-HOLDERS OR OTHER SECURITY HOLDERS [Effective from 12th September, 2013] (1) A company may close the register of members or the register of debenture-holders or the register of other security holders for any period or periods not exceeding in the aggregate forty-five days in each year,… Read More

Section 90 of Companies Act, 2013 – REGISTER OF SIGNIFICANT BENEFICIAL OWNERS IN A COMPANY

SECTION 90. Register of significant beneficial owners in a company [Effective from 1st April, 2014] EXEMPTIONS Section 90 shall not apply to a Government Company, vide Notification No. GSR 463(E) dated 5th June, 2015. The above mentioned exception shall be applicable to a government company which has not committed a default in filing its financial statements… Read More

Section 89 of Companies Act, 2013 – Declaration in Respect of Beneficial Interest in Any Share

SECTION 89. DECLARATION IN RESPECT OF BENEFICIAL INTEREST IN ANY SHARE [Effective from 1st April, 2014] EXEMPTIONS Section 89 shall not apply to a Government Company, vide Notification No. GSR 463(E) dated 5th June, 2015. The above mentioned exception shall be applicable to a government company which has not committed a default in filing its… Read More

Section 88 of Companies Act, 2013 – Register of Members, etc.

SECTION 88. REGISTER OF MEMBERS, ETC. [Effective from 1st April, 2014] (1) Every company shall keep and maintain the following registers in such form and in such manner as may be prescribed, namely:— (a) register of members indicating separately for each class of equity and preference shares held by each member residing in or outside… Read More

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