Company Law - Corporate Law Reporter

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

Commencement Notification CA2013 :: Section 394 :: Annual reports on Government companies

Chapter XXIII-Government Companies (394 - 395) Section 394- Annual reports on Government companies (1) Where the Central Government is a member of a Government company, the Central Government shall cause an annual report on the working and affairs of that company to be” (a) prepared within three months of its annual general meeting before which… Read More

Commencement Notification CA2013 :: Sections 379, 382, 383, 386

Chapter XXII-Companies Incorporated Outside India (379- 393) Section 379- Application of Act to foreign companies Where not less than fifty per cent. of the paid-up share capital, whether equity or preference or partly equity and partly preference, of a foreign company is held by one or more citizens of India or by one or more… Read More

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

Commencement Notification CA2013 :: Section 195 :: Prohibition on insider trading of securities

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 195- Prohibition on insider trading of securities (1) No person including any director or key managerial personnel shall enter into insider trading: Provided that nothing contained in this sub-section shall apply to any communication required in the ordinary course of business or profession… Read More

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

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

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

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

Commencement Notification CA2013 :: Notified Sections 176, 181, 183

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 176- Defects in appointment of directors not to invalidate actions taken No act done by a person as a director shall be deemed to be invalid, notwithstanding that it was subsequently noticed that his appointment was invalid by reason of any defect or… Read More

Commencement Notification CA2013 :: Notified Sections 180 :: Restrictions on powers of Board

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 180 - Restrictions on powers of Board (1) The Board of Directors of a company shall exercise the following powers only with the consent of the company by a special resolution, namely:” (a) to sell, lease or otherwise dispose of the whole or… Read More

Commencement Notification CA2013 :: Notified Sections 161, 162, 163

Chapter XI -Appointment and Qualifications of Directors (149 - 172) Section 161- Appointment of additional director, alternate director and nominee director (1) The articles of a company may confer on its Board of Directors the power to appoint any person, other than a person who fails to get appointed as a director in a general… Read More

Commencement Notification CA2013 :: Notified Section 127 & 133

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VIII -Declaration and Payment of Dividend (123 - 127) Section 127- Punishment for failure to distribute dividends Where a dividend has been declared by a company but has not been paid or the warrant in respect thereof has not been posted within thirty days… Read More