Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122) Section 91- Power to close register of members or debenture holders or other security holders (1) A company may close the register of members or the register of debenture holders or the register of other security holders for any… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122) Section 111- Circulation of members' resolution (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… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122) Section 106- Restriction on voting rights (1) Notwithstanding anything contained in this Act, the articles of a company may provide that no member shall exercise any voting right in respect of any shares registered in his name on which any calls or other… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122) Section 105- Proxies (1) Any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another person as a proxy to attend and vote at the meeting on his… Read More
The Companies Bill, passed by both the Houses of Parliament and signed by President of India, is a historic piece of legislation aimed at improving transparency and accountability in India's corporate sector. On its enactment, post the presidential consent; the law will replace the Companies Act, 1956. The Act, when enacted, will allow the country to have… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VI -Registration of Charges (77 - 87) Section 86- Punishment for contravention If any company contravenes any provision of this Chapter, the company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to ten lakh… Read More
Chapter IV -Share Capital and Debentures (Sections 43 - 72) Section 58- Refusal of registration and appeal against refusal (1) If a private company limited by shares refuses, whether in pursuance of any power of the company under its articles or otherwise, to register the transfer of, or the transmission by operation of law of the… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter IV -Share Capital and Debentures (Sections 43 - 72) Section 44- Nature of shares or debentures The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company. Section… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified This post contains details of 3 notified sections as provided here: Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Section 37- Action by affected persons. A suit may be filed or any other action may be taken under section 34 or section 35… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Notified Section 32- Red herring prospectus (1) A company proposing to make an offer of securities may issue a red herring prospectus prior to the issue of a prospectus. (2) A company proposing to issue… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Section 29- Public offer of securities to be in dematerialised form. (1) Notwithstanding anything contained in any other provisions of this Act,- (a) every company making public offer; and (b) such other class or classes… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Section 23- Public offer and private placement except clause (b) of sub-section (1) and sub-section (2) (1) A public company may issue securities” (a) to public through prospectus (herein referred to as "public offer") by complying… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter II -Incorporation of Company and Matters Incidental Thereto (Sections 3 - 22) Notified Section 19- Subsidiary company not to hold shares in its holding company (1) No company shall, either by itself or through its nominees, hold any shares in its holding company and no… Read More