Chapter: I |
PRELIMINARY |
Clause 1 |
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Short title, extent, commencement and application.
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Clause 2 |
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Definitions.
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Chapter: II |
INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO |
Clause 3 |
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Formation of company.
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Clause 4 |
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Memorandum.
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Clause 5 |
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Articles.
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Clause 6 |
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Act to override memorandum, articles, etc.
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Clause 7 |
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Incorporation of company.
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Clause 8 |
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Formation of companies with charitable objects, etc.
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Clause 9 |
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Effect of registration.
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Clause 10 |
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Effect of memorandum and articles.
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Clause 11 |
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Commencement of business, etc.
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Clause 12 |
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Registered office of company.
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Clause 13 |
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Alteration of memorandum.
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Clause 14 |
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Alteration of articles.
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Clause 15 |
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Alteration of memorandum or articles to be noted in every copy.
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Clause 16 |
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Rectification of name of company.
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Clause 17 |
: |
Copies of memorandum, articles, etc., to be given to members.
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Clause 18 |
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Conversion of companies already registered.
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Clause 19 |
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Subsidiary company not to hold shares in its holding company.
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Clause 20 |
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Service of documents.
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Clause 21 |
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Authentication of documents, proceedings and contracts.
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Clause 22 |
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Execution of bills of exchange, etc.
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Chapter: III - Part I |
PROSPECTUS AND ALLOTMENT OF SECURITIES |
Clause 23 |
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Public offer and private placement.
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Clause 24 |
: |
Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.
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Clause 25 |
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Document containing offer of securities for sale to be deemed prospectus.
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Clause 26 |
: |
Matters to be stated in prospectus.
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Clause 27 |
: |
Variation in terms of contract or objects in prospectus.
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Clause 28 |
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Offer of sale of shares by certain members of company.
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Clause 29 |
: |
Public offer of securities to be in dematerialised form.
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Clause 30. |
: |
Advertisement of prospectus.
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Clause 31 |
: |
Shelf prospectus.
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Clause 32 |
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Red herring prospectus.
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Clause 33 |
: |
Issue of application forms for securities.
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Clause 34 |
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Criminal liability for mis- statements in prospectus.
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Clause 35 |
: |
Civil liability for mis- statements in prospectus.
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Clause 36 |
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Punishment for fraudulently inducing persons to invest money.
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Clause 37 |
: |
Action by affected persons.
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Clause 38 |
: |
Punishment for personation for acquisition, etc., of securities.
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Clause 39 |
: |
Allotment of securities by company.
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Clause 40 |
: |
Securities to be dealt with in stock exchanges.
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Clause 41 |
: |
Global depository receipt.
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Chapter: III - Part II |
Private placement |
Clause 42 |
: |
Offer or invitation for subscription of securities on private placement.
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Chapter: IV |
SHARE CAPITAL AND DEBENTURES |
Clause 43 |
: |
Kinds of share capital.
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Clause 44 |
: |
Nature of shares or debentures.
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Clause 45 |
: |
Numbering of shares.
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Clause 46 |
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Certificate of shares.
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Clause 47 |
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Voting rights.
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Clause 48 |
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Variation of shareholders’ rights.
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Clause 49 |
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Calls on shares of same class to be made on uniform basis.
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Clause 50 |
: |
Company to accept unpaid share capital, although not called up.
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Clause 51 |
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Payment of dividend in proportion to amount paid-up.
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Clause 52 |
: |
Application of premiums received on issue of shares.
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Clause 53 |
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Prohibition on issue of shares at discount.
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Clause 54 |
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Issue of sweat equity shares.
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Clause 55 |
: |
Issue and redemption of preference shares.
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Clause 56 |
: |
Transfer and transmission of securities.
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Clause 57 |
: |
Punishment for personation of shareholder.
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Clause 58 |
: |
Refusal of registration and appeal against refusal.
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Clause 59 |
: |
Rectification of register of members.
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Clause 60 |
: |
Publication of authorised, subscribed and paid-up capital.
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Clause 61 |
: |
Power of limited company to alter its share capital.
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Clause 62 |
: |
Further issue of share capital.
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Clause 63 |
: |
Issue of bonus shares.
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Clause 64 |
: |
Notice to be given to Registrar for alteration of share capital.
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Clause 65 |
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Unlimited company to provide for reserve share capital on conversion into limited company.
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Clause 66 |
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Reduction of share capital.
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Clause 67 |
: |
Restrictions on purchase by company or giving of loans by it for purchase of its shares.
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Clause 68 |
: |
Power of company to purchase its own securities
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Clause 69 |
: |
Transfer of certain sums to capital redemption reserve account.
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Clause 70 |
: |
Prohibition for buy-back in certain circumstances.
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Clause 71 |
: |
Debentures.
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Clause 72 |
: |
Power to nominate.
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Chapter: V |
ACCEPTANCE OF DEPOSITS BY COMPANIES |
Clause 73 |
: |
Prohibition on acceptance of deposits from public.
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Clause 74 |
: |
Repayment of deposits, etc., accepted before commencement of this Act.
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Clause 75 |
: |
Damages for fraud.
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Clause 76 |
: |
Acceptance of deposits from public by certain companies.
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Chapter: VI |
REGISTRATION OF CHARGES |
Clause 77 |
: |
Duty to register charges, etc.
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Clause 78 |
: |
Application for registration of charge.
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Clause 79 |
: |
Section 77 to apply in certain matters.
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Clause 80 |
: |
Date of notice of charge.
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Clause 81 |
: |
Register of charges to be kept by Registrar.
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Clause 82 |
: |
Company to report satisfaction of charge.
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Clause 83 |
: |
Power of Registrar to make entries of satisfaction and release in absence of intimation from company.
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Clause 84 |
: |
Intimation of appointment of receiver or manager.
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Clause 85 |
: |
Company’s register of charges.
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Clause 86 |
: |
Punishment for contravention.
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Clause 87 |
: |
Rectification by Central Government in register of charges.
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Chapter: VII |
MANAGEMENT AND ADMINISTRATION |
Clause 88 |
: |
Register of members, etc.
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Clause 89 |
: |
Declaration in respect of beneficial interest in any share.
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Clause 90 |
: |
Investigation of beneficial ownership of shares in certain cases.
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Clause 91 |
: |
Power to close register of members or debenture-holders or other security holders.
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Clause 92 |
: |
Annual return.
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Clause 93 |
: |
Return to be filed with Registrar in case promoters’ stake changes.
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Clause 94 |
: |
Place of keeping and inspection of registers, returns, etc.
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Clause 95 |
: |
Registers, etc., to be evidence.
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Clause 96 |
: |
Annual general meeting.
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Clause 97 |
: |
Power of Tribunal to call annual general meeting.
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Clause 98 |
: |
Power of Tribunal to call meetings of members, etc.
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Clause 99 |
: |
Punishment for default in complying with provisions of sections 96 to 98.
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Clause 100 |
: |
Calling of extraordinary general meeting.
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Clause 101 |
: |
Notice of meeting.
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Clause 102 |
: |
Statement to be annexed to notice.
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Clause 103 |
: |
Quorum for meetings.
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Clause 104 |
: |
Chairman of meetings.
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Clause 105 |
: |
Proxies.
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Clause 106 |
: |
Restriction on voting rights.
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Clause 107 |
: |
Voting by show of hands.
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Clause 108 |
: |
Voting through electronic means.
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Clause 109 |
: |
Demand for poll.
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Clause 110 |
: |
Postal ballot.
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Clause 111 |
: |
Circulation of members’ resolution.
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Clause 112 |
: |
Representation of President and Governors in meetings.
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Clause 113 |
: |
Representation of corporations at meeting of companies and of creditors.
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Clause 114 |
: |
Ordinary and special resolutions.
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Clause 115 |
: |
Resolutions requiring special notice.
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Clause 116 |
: |
Resolutions passed at adjourned meeting.
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Clause 117 |
: |
Resolutions and agreements to be filed.
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Clause 118 |
: |
Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot.
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Clause 119 |
: |
Inspection of minute-books of general meeting.
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Clause 120 |
: |
Maintenance and inspection of documents in electronic form.
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Clause 121 |
: |
Report on annual general meeting.
|
Clause 122 |
: |
Applicability of this Chapter to One Person Company.
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Chapter: VIII |
DECLARATION AND PAYMENT OF DIVIDEND |
Clause 123 |
: |
Declaration of dividend.
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Clause 124 |
: |
Unpaid Dividend Account.
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Clause 125 |
: |
Investor Education and Protection Fund.
|
Clause 126 |
: |
Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares.
|
Clause 127 |
: |
Punishment for failure to distribute dividends.
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Chapter: IX |
ACCOUNTS OF COMPANIES |
Clause 128 |
: |
Books of account, etc., to be kept by company.
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Clause 129 |
: |
Financial statement.
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Clause 130 |
: |
Re-opening of accounts on court’s or Tribunal’s orders.
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Clause 131 |
: |
Voluntary revision of financial statements or Board’s report.
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Clause 132 |
: |
Constitution of National Financial Reporting Authority.
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Clause 133 |
: |
Central Government to prescribe accounting standards.
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Clause 134 |
: |
Financial statement, Board’s report, etc
|
Clause 135 |
: |
Corporate Social Responsibility.
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Clause 136 |
: |
Right of member to copies of audited financial statement.
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Clause 137 |
: |
Copy of financial statement to be filed with Registrar.
|
Clause 138 |
: |
Internal audit.
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Chapter: X |
AUDIT AND AUDITORS |
Clause 139 |
: |
Appointment of auditors.
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Clause 140 |
: |
Removal, resignation of auditor and giving of special notice.
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Clause 141 |
: |
Eligibility, qualifications and disqualifications of auditors.
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Clause 142 |
: |
Remuneration of auditors.
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Clause 143 |
: |
Powers and duties of auditors and auditing standards.
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Clause 144 |
: |
Auditor not to render certain services.
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Clause 145 |
: |
Auditor to sign audit reports, etc.
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Clause 146 |
: |
Auditors to attend general meeting.
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Clause 147 |
: |
Punishment for contravention.
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Clause 148 |
: |
Central Government to specify audit of items of cost in respect of certain companies.
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Chapter: XI |
APPOINTMENT AND QUALIFICATIONS OF DIRECTORS |
Clause 149 |
: |
Company to have Board of Directors.
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Clause 150 |
: |
Manner of selection of independent directors and maintenance of databank of independent directors.
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Clause 151 |
: |
Appointment of director elected by small shareholders
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Clause 152 |
: |
Appointment of directors.
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Clause 153 |
: |
Application for allotment of Director Identification Number.
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Clause 154 |
: |
Allotment of Director Identification Number.
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Clause 155 |
: |
Prohibition to obtain more than one Director Identification Number.
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Clause 156 |
: |
Director to intimate Director Identification Number.
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Clause 157 |
: |
Company to inform Director Identification Number to Registrar.
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Clause 158 |
: |
Obligation to indicate Director Identification Number.
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Clause 159 |
: |
Punishment for contravention.
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Clause 160 |
: |
Right of persons other than retiring directors to stand for directorship.
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Clause 161 |
: |
Appointment of additional director, alternate director and nominee director.
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Clause 162 |
: |
Appointment of directors to be voted individually.
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Clause 163 |
: |
Option to adopt principle of proportional representation for appointment of directors.
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Clause 164 |
: |
Disqualifications for appointment of director.
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Clause 165 |
: |
Number of directorships.
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Clause 166 |
: |
Duties of directors.
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Clause 167 |
: |
Vacation of office of director.
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Clause 168 |
: |
Resignation of director.
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Clause 169 |
: |
Removal of directors.
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Clause 170 |
: |
Register of directors and key managerial personnel and their shareholding.
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Clause 171 |
: |
Members’ right to inspect.
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Clause 172 |
: |
Punishment.
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Chapter: XII |
MEETINGS OF BOARD AND ITS POWERS |
Clause 173 |
: |
Meetings of Board.
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Clause 174 |
: |
Quorum for meetings of Board.
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Clause 175 |
: |
Passing of resolution by circulation.
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Clause 176 |
: |
Defects in appointment of directors not to invalidate actions taken.
|
Clause 177 |
: |
Audit Committee.
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Clause 178 |
: |
Nomination and Remuneration Committee and Stakeholders Relationship Committee.
|
Clause 179 |
: |
Powers of Board.
|
Clause 180 |
: |
Restrictions on powers of Board.
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Clause 181 |
: |
Company to contribute to bona fide and charitable funds, etc.
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Clause 182 |
: |
Prohibitions and restrictions regarding political contributions.
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Clause 183 |
: |
Power of Board and other persons to make contributions to national defence fund, etc.
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Clause 184 |
: |
Disclosure of interest by director.
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Clause 185 |
: |
Loan to directors, etc.
|
Clause 186 |
: |
Loan and investment by company.
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Clause 187 |
: |
Investments of company to be held in its own name.
|
Clause 188 |
: |
Related party transactions.
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Clause 189 |
: |
Register of contracts or arrangements in which directors are interested.
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Clause 190 |
: |
Contract of employment with managing or whole-time directors.
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Clause 191 |
: |
Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares.
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Clause 192 |
: |
Restriction on non-cash transactions involving directors
|
Clause 193 |
: |
Contract by One Person Company.
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Clause 194 |
: |
Prohibition on forward dealings in securities of company by director or key managerial personnel.
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Clause 195 |
: |
Prohibition on insider trading of securities.
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Chapter: XIII |
APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL |
Clause 196 |
: |
Appointment of managing director, whole-time director or manager.
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Clause 197 |
: |
Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits.
|
Clause 198 |
: |
Calculation of profits.
|
Clause 199 |
: |
Power of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications.
|
Clause 200 |
: |
Central Government or company to fix limit with regard to remuneration
|
Clause 201 |
: |
Forms of, and procedure in relation to, certain applications.
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Clause 202 |
: |
Compensation for loss of office of managing or whole-time director or manager.
|
Clause 203 |
: |
Appointment of key managerial personnel.
|
Clause 204 |
: |
Secretarial audit for bigger companies.
|
Clause 205 |
: |
Functions of company secretary.
|
Chapter: XIV |
INSPECTION, INQUIRY AND INVESTIGATION |
Clause 206 |
: |
Power to call for information, inspect books and conduct inquiries.
|
Clause 207 |
: |
Conduct of inspection and inquiry.
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Clause 208 |
: |
Report on inspection made.
|
Clause 209 |
: |
Search and seizure.
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Clause 210 |
: |
Investigation into affairs of company.
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Clause 211 |
: |
Establishment of Serious Fraud Investigation Office.
|
Clause 212 |
: |
Investigation into affairs of Company by Serious Fraud Investigation Office.
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Clause 213 |
: |
Investigation into company’s affairs in other cases.
|
Clause 214 |
: |
Security for payment of costs and expenses of investigation.
|
Clause 215 |
: |
Firm, body corporate or association not to be appointed as inspector.
|
Clause 216 |
: |
Investigation of ownership of company.
|
Clause 217 |
: |
Procedure, powers, etc., of inspectors.
|
Clause 218 |
: |
Protection of employees during investigation.
|
Clause 219 |
: |
Power of inspector to conduct investigation into affairs of related companies, etc.
|
Clause 220 |
: |
Seizure of documents by inspector.
|
Clause 221 |
: |
Freezing of assets of company on inquiry and investigation.
|
Clause 222 |
: |
Imposition of restrictions upon securities.
|
Clause 223 |
: |
Inspector’s report.
|
Clause 224 |
: |
Actions to be taken in pursuance of inspector’s report.
|
Clause 225 |
: |
Expenses of investigation.
|
Clause 226 |
: |
Voluntary winding up of company, etc., not to stop investigation proceedings.
|
Clause 227 |
: |
Legal advisers and bankers not to disclose certain information.
|
Clause 228 |
: |
Investigation, etc., of foreign companies.
|
Clause 229 |
: |
Penalty for furnishing false statement, mutilation, destruction of documents.
|
Chapter: XV |
COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS |
Clause 230 |
: |
Power to compromise or make arrangements with creditors and members.
|
Clause 231 |
: |
Power of Tribunal to enforce compromise or arrangement
|
Clause 232 |
: |
Merger and amalgamation of companies.
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Clause 233 |
: |
Merger or amalgamation of certain companies.
|
Clause 234 |
: |
Merger or amalgamation of company with foreign company.
|
Clause 235 |
: |
Power to acquire shares of shareholders dissenting from scheme or contract approved by majority.
|
Clause 236 |
: |
Purchase of minority shareholding
|
Clause 237 |
: |
Power of Central Government to provide for amalgamation of companies in public interest.
|
Clause 238 |
: |
Registration of offer of schemes involving transfer of shares.
|
Clause 239 |
: |
Preservation of books and papers of amalgamated companies.
|
Clause 240 |
: |
Liability of officers in respect of offences committed prior to merger, amalgamation, etc.
|
Chapter: XVI |
PREVENTION OF OPPRESSION AND MISMANAGEMENT |
Clause 241 |
: |
Application to Tribunal for relief in cases of oppression, etc.
|
Clause 242 |
: |
Powers of Tribunal.
|
Clause 243 |
: |
Consequence of termination or modification of certain agreements.
|
Clause 244 |
: |
Right to apply under section 241.
|
Clause 245 |
: |
Class action.
|
Clause 246 |
: |
Application of certain provisions to proceedings under section 241 or section 245.
|
Chapter: XVII |
REGISTERED VALUERS |
Clause 247 |
: |
Valuation by registered valuers.
|
Chapter: XVIII |
REMOVAL OF NAMES OF COMPANIES FROM THE REGISTER OF COMPANIES |
Clause 248 |
: |
Power of Registrar to remove name of company from register of companies.
|
Clause 249 |
: |
strictions on making application under section 248 in certain situations.
|
Clause 250 |
: |
Effect of company notified as dissolved.
|
Clause 251 |
: |
Fraudulent application for removal of name.
|
Clause 252 |
: |
Appeal to Tribunal.
|
Chapter: XIX |
REVIVAL AND REHABILITATION OF SICK COMPANIES |
Clause 253 |
: |
Determination of sickness.
|
Clause 254 |
: |
Application for revival and rehabilitation.
|
Clause 255 |
: |
Exclusion of certain time in computing period of limitation.
|
Clause 256 |
: |
Appointment of interim administrator.
|
Clause 257 |
: |
Committee of creditors.
|
Clause 258 |
: |
Order of Tribunal.
|
Clause 259 |
: |
Appointment of administrator.
|
Clause 260 |
: |
Powers and duties of company administrator.
|
Clause 261 |
: |
Scheme of revival and rehabilitation.
|
Clause 262 |
: |
Sanction of scheme.
|
Clause 263 |
: |
Scheme to be binding.
|
Clause 264 |
: |
Implementation of scheme.
|
Clause 265 |
: |
Winding up of company on report of company administrator.
|
Clause 266 |
: |
Power of Tribunal to assess damages against delinquent directors, etc.
|
Clause 267 |
: |
Punishment for certain offences.
|
Clause 268 |
: |
Bar of jurisdiction.
|
Clause 269 |
: |
Rehabilitation and Insolvency Fund.
|
Chapter: XX |
WINDING UP |
Clause 270 |
: |
Modes of winding up.
|
Chapter: XX - Part I |
Winding up by the Tribunal |
Clause 271 |
: |
Circumstances in which company may be wound up by Tribunal.
|
Clause 272 |
: |
Petition for winding up.
|
Clause 273 |
: |
Powers of Tribunal.
|
Clause 274 |
: |
Directions for filing statement of affairs.
|
Clause 275 |
: |
Company Liquidators and their appointments.
|
Clause 276 |
: |
Removal and replacement of liquidator.
|
Clause 277 |
: |
Intimation to Company Liquidator, provisional liquidator and Registrar.
|
Clause 278 |
: |
Effect of winding up order.
|
Clause 279 |
: |
Stay of suits, etc., on winding up order.
|
Clause 280 |
: |
Jurisdiction of Tribunal.
|
Clause 281 |
: |
Submission of report by Company Liquidator.
|
Clause 282 |
: |
Directions of Tribunal on report of Company Liquidator.
|
Clause 283 |
: |
Custody of company's properties.
|
Clause 284 |
: |
Prometers, directors, etc., to cooperate with Company Liquidator.
|
Clause 285 |
: |
Settlement of list of contributories and application of assets.
|
Clause 286 |
: |
Obligations of directors and managers.
|
Clause 287 |
: |
Advisory committee.
|
Clause 288 |
: |
Submission of periodical reports to Tribunal.
|
Clause 289 |
: |
Power of Tribunal on application for stay of winding up.
|
Clause 290 |
: |
Powers and duties of Company Liquidator.
|
Clause 291 |
: |
Provision for professional assistance to Company Liquidator.
|
Clause 292 |
: |
Exercise and control of Company Liquidator's powers.
|
Clause 293 |
: |
Books to be kept by Company Liquidator.
|
Clause 294 |
: |
Audit of Company Liquidator's accounts.
|
Clause 295 |
: |
Payment of debts by contributory and extent of set-off.
|
Clause 296 |
: |
Power of Tribunal to make calls.
|
Clause 297 |
: |
Adjustment of rights of contributories.
|
Clause 298 |
: |
Power to order costs.
|
Clause 299 |
: |
Power to summon persons suspected of having property of company, etc.
|
Clause 300 |
: |
Power to order examination of promoters, directors, etc.
|
Clause 301 |
: |
Arrest of person trying to leave India or abscond.
|
Clause 302 |
: |
Dissolution of company by Tribunal.
|
Clause 303 |
: |
Appeals from orders made before commencement of Act.
|
Chapter: XX - Part II |
Voluntary winding up |
Clause 304 |
: |
Circumstances in which company may be wound up voluntarily.
|
Clause 305 |
: |
Declaration of solvency in case of proposal to wind up voluntarily.
|
Clause 306 |
: |
Meeting of creditors.
|
Clause 307 |
: |
Publication of resolution to wind up voluntarily.
|
Clause 308 |
: |
Commencement of voluntary winding up.
|
Clause 309 |
: |
Effect of voluntary winding up.
|
Clause 310 |
: |
Appointment of Company Liquidator.
|
Clause 311 |
: |
Power to remove and fill vacancy of Company Liquidator.
|
Clause 312 |
: |
Notice of appointment of Company Liquidator to be given to Registrar.
|
Clause 313 |
: |
Cesser of Board's powers on appointment of Company Liquidator.
|
Clause 314 |
: |
Powers and duties of Company Liquidator in voluntary winding up.
|
Clause 315 |
: |
Appointment of committees.
|
Clause 316 |
: |
Company Liquidator to submit report on progress of winding up.
|
Clause 317 |
: |
Report of Company Liquidator to Tribunal for examination of persons.
|
Clause 318 |
: |
Final meeting and dissolution of company.
|
Clause 319 |
: |
Power of Company Liquidator to accept shares, etc., as consideration for sale of property of company.
|
Clause 320 |
: |
Distribution of property of company.
|
Clause 321 |
: |
Arrangement when binding on company and creditors.
|
Clause 322 |
: |
Power to apply to Tribunal to have questions determined, etc.
|
Clause 323 |
: |
Costs of voluntary winding up.
|
Chapter: XX - Part III |
Provisions applicable to every mode of winding up |
Clause 324 |
: |
Debts of all descriptions to be admitted to proof.
|
Clause 325 |
: |
Application of insolvency rules in winding up of insolvent companies.
|
Clause 326 |
: |
Overriding preferential payments.
|
Clause 327 |
: |
Preferential payments.
|
Clause 328 |
: |
Fraudulent preference.
|
Clause 329 |
: |
Transfers not in good faith to be void.
|
Clause 330 |
: |
Certain transfers to be void.
|
Clause 331 |
: |
Liabilities and rights of certain persons fraudulently preferred.
|
Clause 332 |
: |
Effect of floating charge.
|
Clause 333 |
: |
Disclaimer of onerous property.
|
Clause 334 |
: |
Transfers, etc., after commencement of winding up to be void.
|
Clause 335 |
: |
Certain attachments, executions, etc., in winding up by Tribunal to be void.
|
Clause 336 |
: |
Offences by officers of companies in liquidation.
|
Clause 337 |
: |
Penalty for frauds by officers.
|
Clause 338 |
: |
Liability where proper accounts not kept.
|
Clause 339 |
: |
Liability for fraudulent conduct of business.
|
Clause 340 |
: |
Power of Tribunal to assess damages against delinquent directors, etc.
|
Clause 341 |
: |
Liability under sections 339 and 340 to extend to partners or directors in firms or companies.
|
Clause 342 |
: |
Prosecution of delinquent officers and members of company.
|
Clause 343 |
: |
Company Liquidator to exercise certain powers subject to sanction.
|
Clause 344 |
: |
Statement that company is in liquidation.
|
Clause 345 |
: |
Books and papers of company to be evidence.
|
Clause 346 |
: |
Inspection of books and papers by creditors and contributories.
|
Clause 347 |
: |
Disposal of books and papers of company.
|
Clause 348 |
: |
Information as to pending liquidations.
|
Clause 349 |
: |
Official Liquidator to make payments into public account of India.
|
Clause 350 |
: |
Company Liquidator to deposit monies into scheduled bank.
|
Clause 351 |
: |
Liquidator not to deposit monies into private banking account.
|
Clause 352 |
: |
Company Liquidation Dividend and Undistributed Assets Account.
|
Clause 353 |
: |
Liquidator to make returns, etc.
|
Clause 354 |
: |
Meetings to ascertain wishes of creditors or contributories.
|
Clause 355 |
: |
Court, tribunal or person, etc., before whom affidavit may be sworn.
|
Clause 356 |
: |
Powers of Tribunal to declare dissolution of company void.
|
Clause 357 |
: |
Commencement of winding up by Tribunal.
|
Clause 358 |
: |
Exclusion of certain time in computing period of limitation
|
Chapter: XX - Part IV |
Official liquidators |
Clause 359 |
: |
Appointment of Official Liquidator.
|
Clause 360 |
: |
Powers and functions of Official Liquidator.
|
Clause 361 |
: |
Summary procedure for liquidation.
|
Clause 362 |
: |
Sale of assets and recovery of debts due to company.
|
Clause 363 |
: |
Settlement of claims of creditors by Official Liquidator.
|
Clause 364 |
: |
Appeal by creditor
|
Clause 365 |
: |
Order of dissolution of company.
|
Chapter: XXI - Part I |
Companies authorised to register under this Act |
Clause 366 |
: |
Companies capable of being registered.
|
Clause 367 |
: |
Certificate of registration of existing companies.
|
Clause 368 |
: |
Vesting of property on registration.
|
Clause 369 |
: |
Saving of existing liabilities.
|
Clause 370 |
: |
Continuation of pending legal proceedings.
|
Clause 371 |
: |
Effect of registration under this Part.
|
Clause 372 |
: |
Power of Court to stay or restrain proceedings.
|
Clause 373 |
: |
Suits stayed on winding up order.
|
Clause 374 |
: |
Obligations of companies registering under this Part.
|
Chapter: XXI - Part II |
Winding up of unregistered companies |
Clause 375 |
: |
Winding up of unregistered companies.
|
Clause 376 |
: |
Power to wind up foreign companies, although dissolved.
|
Clause 377 |
: |
Provisions of Chapter cumulative.
|
Clause 378 |
: |
Saving and construction of enactments conferring power to wind up partnership firm, association or company, etc., in certain cases.
|
Chapter: XXII |
COMPANIES INCORPORATED OUTSIDE INDIA |
Clause 379 |
: |
Application of Act to foreign companies.
|
Clause 380 |
: |
Documents, etc., to be delivered to Registrar by foreign companies.
|
Clause 381 |
: |
Accounts of foreign company.
|
Clause 382 |
: |
Display of name, etc., of foreign company.
|
Clause 383 |
: |
Service on foreign company.
|
Clause 384 |
: |
Debentures, annual return, registration of charges, books of account and their inspection.
|
Clause 385 |
: |
Fee for registration of documents.
|
Clause 386 |
: |
Interpretation.
|
Clause 387 |
: |
Dating of prospectus and particulars to be contained therein.
|
Clause 388 |
: |
Provisions as to expert’s consent and allotment.
|
Clause 389 |
: |
Registration of prospectus.
|
Clause 390 |
: |
Offer of Indian Depository Receipts
|
Clause 391 |
: |
Application of sections 34 to 36 and Chapter XX.
|
Clause 392 |
: |
Punishment for contravention.
|
Clause 393 |
: |
Company's failure to comply with provisions of this Chapter not to affect validity of contracts, etc.
|
Chapter: XXIII |
GOVERNMENT COMPANIES |
Clause 394 |
: |
Annual reports on Government companies.
|
Clause 395 |
: |
Annual reports where one or more State Governments are members of companies.
|
Chapter: XXIV |
REGISTRATION OFFICES AND FEES |
Clause 396 |
: |
Registration offices.
|
Clause 397 |
: |
Admissibility of certain documents as evidence.
|
Clause 398 |
: |
Provisions relating to filing of applications, documents, inspection, etc., in electronic form.
|
Clause 399 |
: |
Inspection, production and evidence of documents kept by Registrar.
|
Clause 400 |
: |
Electronic form to be exclusive, alternative or in addition to physical form.
|
Clause 401 |
: |
Provision of value added services through electronic form.
|
Clause 402 |
: |
Application of provisions of Information Technology Act, 2000.
|
Clause 403 |
: |
Fee for filing, etc.
|
Clause 404 |
: |
Fees, etc., to be credited into public account.
|
Chapter: XXV |
COMPANIES TO FURNISH INFORMATION OR STATISTICS |
Clause 405 |
: |
Power of Central Government to direct companies to furnish information or statistics.
|
Chapter: XXVI |
NIDHIS |
Clause 406 |
: |
Power to modify Act in its application to Nidhis.
|
Chapter: XXVII |
NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL |
Clause 407 |
: |
Definitions.
|
Clause 408 |
: |
Constitution of National Company Law Tribunal.
|
Clause 409 |
: |
Qualification of President and Members of Tribunal.
|
Clause 410 |
: |
Constitution of Appellate Tribunal.
|
Clause 411 |
: |
Qualifications of Chairperson and Members of Appellate Tribunal.
|
Clause 412 |
: |
Selection of Members of Tribunal and Appellate Tribunal.
|
Clause 413 |
: |
Term of office of President, chairperson and other Members.
|
Clause 414 |
: |
Salary, allowances and other terms and conditions of service of Members.
|
Clause 415 |
: |
Acting President and Chairperson of Tribunal or Appellate Tribunal.
|
Clause 416 |
: |
Resignation of Members.
|
Clause 417 |
: |
Removal of Members.
|
Clause 418 |
: |
Staff of Tribunal and Appellate Tribunal.
|
Clause 419 |
: |
Benches of Tribunal.
|
Clause 420 |
: |
Orders of Tribunal.
|
Clause 421 |
: |
Appeal from orders of Tribunal.
|
Clause 422 |
: |
Expeditious disposal by Tribunal and Appellate Tribunal.
|
Clause 423 |
: |
Appeal to Supreme Court.
|
Clause 424 |
: |
Procedure before Tribunal and Appellate Tribunal.
|
Clause 425 |
: |
Power to punish for contempt.
|
Clause 426 |
: |
Delegation of powers.
|
Clause 427 |
: |
President, Members, officers, etc., to be public servants.
|
Clause 428 |
: |
Protection of action taken in good faith.
|
Clause 429 |
: |
Power to seek assistance of Chief Metropolitan Magistrate, etc.
|
Clause 430 |
: |
Civil court not to have jurisdiction.
|
Clause 431 |
: |
Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings.
|
Clause 432 |
: |
Right to legal representation.
|
Clause 433 |
: |
Limitation.
|
Clause 434 |
: |
Transfer of certain pending proceedings.
|
Chapter: XXVIII |
SPECIAL COURTS |
Clause 435 |
: |
Establishment of Special Courts.
|
Clause 436 |
: |
Offences triable by Special Courts.
|
Clause 437 |
: |
Appeal and revision.
|
Clause 438 |
: |
Application of Code to proceedings before Special Court.
|
Clause 439 |
: |
Offences to be noncognizable.
|
Clause 440 |
: |
Transitional provisions.
|
Clause 441 |
: |
Compounding of certain offences.
|
Clause 442 |
: |
Mediation and Conciliation Panel.
|
Clause 443 |
: |
Power of Central Government to appoint company prosecutors.
|
Clause 444 |
: |
Appeal against acquittal.
|
Clause 445 |
: |
Compensation for accusation without reasonable cause.
|
Clause 446 |
: |
Application of fines.
|
Chapter: XXIX |
MISCELLANEOUS |
Clause 447 |
: |
Punishment for fraud.
|
Clause 448 |
: |
Punishment for false statement.
|
Clause 449 |
: |
Punishment for false evidence.
|
Clause 450 |
: |
Punishment where no specific penalty or punishment is provided.
|
Clause 451 |
: |
Punishment in case of repeated default.
|
Clause 452 |
: |
Punishment for wrongful withholding of property.
|
Clause 453 |
: |
Punishment for improper use of “Limited” or “Private Limited”.
|
Clause 454 |
: |
Adjudication of penalties.
|
Clause 455 |
: |
Dormant company.
|
Clause 456 |
: |
Protection of action taken in good faith.
|
Clause 457 |
: |
Nondisclosure of information in certain cases.
|
Clause 458 |
: |
Delegation by Central Government of its powers and functions.
|
Clause 459 |
: |
Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications.
|
Clause 460 |
: |
Condonation of delay in certain cases.
|
Clause 461 |
: |
Annual report by Central Government.
|
Clause 462 |
: |
Power to exempt class or classes of companies from provisions of this Act.
|
Clause 463 |
: |
Power of court to grant relief in certain cases.
|
Clause 464 |
: |
Prohibition of association or partnership of persons exceeding certain number.
|
Clause 465 |
: |
Repeated of certain enactments and savings.
|
Clause 466 |
: |
Dissolution of Company Law Board and consequential provisions.
|
Clause 467 |
: |
Power of Central Government to amend Schedules.
|
Clause 468 |
: |
Powers of Central Government to make rules relating to winding up.
|
Clause 469 |
: |
Power of Central Government to make rules.
|
Clause 470 |
: |
Power to remove difficulties
|
Schedules |
SCHEDULE I |
: |
MEMORANDUM OF ASSOCIATION OF A COMPANY LIMITED BY SHARES
|
SCHEDULE II |
: |
USEFUL LIVES TO COMPUTE DEPRECIATION
|
SCHEDULE III |
: |
GENERAL INSTRUCTIONS FOR PREPARATION OF BALANCE SHEET AND STATEMENT OF PROFIT AND LOSS OF A COMPANY
|
SCHEDULE IV |
: |
CODE FOR INDEPENDENT DIRECTORS
|
SCHEDULE V |
: |
CONDITIONS TO BE FULFILLED FOR THE APPOINTMENT OF A MANAGING OR WHOLE-TIME DIRECTOR OR A MANAGER WITHOUT THE APPROVAL OF THE CENTRAL GOVERNMENT
|
SCHEDULE VI |
: |
(See sections 55 and 186)
|
SCHEDULE VII |
: |
(See sections 135)
|
Chapter: STATEMENT |
STATEMENT OF OBJECTS AND REASONS / Notes on Clauses / FINANCIAL MEMORANDUM / MEMORANDUM REGARDING DELEGATED LEGISLATION |
MEMO |
: |
FINANCIAL MEMORANDUM
|
MEMO |
: |
MEMORANDUM REGARDING DELEGATED LEGISLATION
|
Notes |
: |
Notes on Clauses
|
STATEMENT |
: |
STATEMENT OF OBJECTS AND REASONS
|