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
Commencement Notification CA2013 :: Notified Sections 112 – 116, 91
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 CA2013 :: Notified Section 111 :: Circulation of members’ resolution
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 CA2013 :: Notified Sections 106 – 107
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 CA2013 :: Notified Sections 105 :: Proxies
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
Seminar Flash :: National Conference on Companies Act 2013 – New Rules of the Game :: Delhi 19th Sep
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 CA2013 :: Notified Sections 86 to 104
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
Commencement Notification CA2013 :: Notified Sections 58 to 70
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 CA2013 :: Notified Sections 44 to 57
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 CA2013 :: Notified Sections 37 to 40
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
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