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Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List This

COMPANIES BILL, 2011

Chapter: I
PRELIMINARY
Clause 1 : Short title, extent, commencement and application.
Clause 2 : Definitions.
Chapter: II
INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO
Clause 3 : Formation of company.
Clause 4 : Memorandum.
Clause 5 : Articles.
Clause 6 : Act to override memorandum, articles, etc.
Clause 7 : Incorporation of company.
Clause 8 : Formation of companies with charitable objects, etc.
Clause 9 : Effect of registration.
Clause 10 : Effect of memorandum and articles.
Clause 11 : Commencement of business, etc.
Clause 12 : Registered office of company.
Clause 13 : Alteration of memorandum.
Clause 14 : Alteration of articles.
Clause 15 : Alteration of memorandum or articles to be noted in every copy.
Clause 16 : Rectification of name of company.
Clause 17 : Copies of memorandum, articles, etc., to be given to members.
Clause 18 : Conversion of companies already registered.
Clause 19 : Subsidiary company not to hold shares in its holding company.
Clause 20 : Service of documents.
Clause 21 : Authentication of documents, proceedings and contracts.
Clause 22 : Execution of bills of exchange, etc.
Chapter: III - Part I
PROSPECTUS AND ALLOTMENT OF SECURITIES
Clause 23 : Public offer and private placement.
Clause 24 : Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.
Clause 25 : Document containing offer of securities for sale to be deemed prospectus.
Clause 26 : Matters to be stated in prospectus.
Clause 27 : Variation in terms of contract or objects in prospectus.
Clause 28 : Offer of sale of shares by certain members of company.
Clause 29 : Public offer of securities to be in dematerialised form.
Clause 30. : Advertisement of prospectus.
Clause 31 : Shelf prospectus.
Clause 32 : Red herring prospectus.
Clause 33 : Issue of application forms for securities.
Clause 34 : Criminal liability for mis- statements in prospectus.
Clause 35 : Civil liability for mis- statements in prospectus.
Clause 36 : Punishment for fraudulently inducing persons to invest money.
Clause 37 : Action by affected persons.
Clause 38 : Punishment for personation for acquisition, etc., of securities.
Clause 39 : Allotment of securities by company.
Clause 40 : Securities to be dealt with in stock exchanges.
Clause 41 : Global depository receipt.
Chapter: III - Part II
Private placement
Clause 42 : Offer or invitation for subscription of securities on private placement.
Chapter: IV
SHARE CAPITAL AND DEBENTURES
Clause 43 : Kinds of share capital.
Clause 44 : Nature of shares or debentures.
Clause 45 : Numbering of shares.
Clause 46 : Certificate of shares.
Clause 47 : Voting rights.
Clause 48 : Variation of shareholders’ rights.
Clause 49 : Calls on shares of same class to be made on uniform basis.
Clause 50 : Company to accept unpaid share capital, although not called up.
Clause 51 : Payment of dividend in proportion to amount paid-up.
Clause 52 : Application of premiums received on issue of shares.
Clause 53 : Prohibition on issue of shares at discount.
Clause 54 : Issue of sweat equity shares.
Clause 55 : Issue and redemption of preference shares.
Clause 56 : Transfer and transmission of securities.
Clause 57 : Punishment for personation of shareholder.
Clause 58 : Refusal of registration and appeal against refusal.
Clause 59 : Rectification of register of members.
Clause 60 : Publication of authorised, subscribed and paid-up capital.
Clause 61 : Power of limited company to alter its share capital.
Clause 62 : Further issue of share capital.
Clause 63 : Issue of bonus shares.
Clause 64 : Notice to be given to Registrar for alteration of share capital.
Clause 65 : Unlimited company to provide for reserve share capital on conversion into limited company.
Clause 66 : Reduction of share capital.
Clause 67 : Restrictions on purchase by company or giving of loans by it for purchase of its shares.
Clause 68 : Power of company to purchase its own securities
Clause 69 : Transfer of certain sums to capital redemption reserve account.
Clause 70 : Prohibition for buy-back in certain circumstances.
Clause 71 : Debentures.
Clause 72 : Power to nominate.
Chapter: V
ACCEPTANCE OF DEPOSITS BY COMPANIES
Clause 73 : Prohibition on acceptance of deposits from public.
Clause 74 : Repayment of deposits, etc., accepted before commencement of this Act.
Clause 75 : Damages for fraud.
Clause 76 : Acceptance of deposits from public by certain companies.
Chapter: VI
REGISTRATION OF CHARGES
Clause 77 : Duty to register charges, etc.
Clause 78 : Application for registration of charge.
Clause 79 : Section 77 to apply in certain matters.
Clause 80 : Date of notice of charge.
Clause 81 : Register of charges to be kept by Registrar.
Clause 82 : Company to report satisfaction of charge.
Clause 83 : Power of Registrar to make entries of satisfaction and release in absence of intimation from company.
Clause 84 : Intimation of appointment of receiver or manager.
Clause 85 : Company’s register of charges.
Clause 86 : Punishment for contravention.
Clause 87 : Rectification by Central Government in register of charges.
Chapter: VII
MANAGEMENT AND ADMINISTRATION
Clause 88 : Register of members, etc.
Clause 89 : Declaration in respect of beneficial interest in any share.
Clause 90 : Investigation of beneficial ownership of shares in certain cases.
Clause 91 : Power to close register of members or debenture-holders or other security holders.
Clause 92 : Annual return.
Clause 93 : Return to be filed with Registrar in case promoters’ stake changes.
Clause 94 : Place of keeping and inspection of registers, returns, etc.
Clause 95 : Registers, etc., to be evidence.
Clause 96 : Annual general meeting.
Clause 97 : Power of Tribunal to call annual general meeting.
Clause 98 : Power of Tribunal to call meetings of members, etc.
Clause 99 : Punishment for default in complying with provisions of sections 96 to 98.
Clause 100 : Calling of extraordinary general meeting.
Clause 101 : Notice of meeting.
Clause 102 : Statement to be annexed to notice.
Clause 103 : Quorum for meetings.
Clause 104 : Chairman of meetings.
Clause 105 : Proxies.
Clause 106 : Restriction on voting rights.
Clause 107 : Voting by show of hands.
Clause 108 : Voting through electronic means.
Clause 109 : Demand for poll.
Clause 110 : Postal ballot.
Clause 111 : Circulation of members’ resolution.
Clause 112 : Representation of President and Governors in meetings.
Clause 113 : Representation of corporations at meeting of companies and of creditors.
Clause 114 : Ordinary and special resolutions.
Clause 115 : Resolutions requiring special notice.
Clause 116 : Resolutions passed at adjourned meeting.
Clause 117 : Resolutions and agreements to be filed.
Clause 118 : Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot.
Clause 119 : Inspection of minute-books of general meeting.
Clause 120 : Maintenance and inspection of documents in electronic form.
Clause 121 : Report on annual general meeting.
Clause 122 : Applicability of this Chapter to One Person Company.
Chapter: VIII
DECLARATION AND PAYMENT OF DIVIDEND
Clause 123 : Declaration of dividend.
Clause 124 : Unpaid Dividend Account.
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.
Chapter: IX
ACCOUNTS OF COMPANIES
Clause 128 : Books of account, etc., to be kept by company.
Clause 129 : Financial statement.
Clause 130 : Re-opening of accounts on court’s or Tribunal’s orders.
Clause 131 : Voluntary revision of financial statements or Board’s report.
Clause 132 : Constitution of National Financial Reporting Authority.
Clause 133 : Central Government to prescribe accounting standards.
Clause 134 : Financial statement, Board’s report, etc
Clause 135 : Corporate Social Responsibility.
Clause 136 : Right of member to copies of audited financial statement.
Clause 137 : Copy of financial statement to be filed with Registrar.
Clause 138 : Internal audit.
Chapter: X
AUDIT AND AUDITORS
Clause 139 : Appointment of auditors.
Clause 140 : Removal, resignation of auditor and giving of special notice.
Clause 141 : Eligibility, qualifications and disqualifications of auditors.
Clause 142 : Remuneration of auditors.
Clause 143 : Powers and duties of auditors and auditing standards.
Clause 144 : Auditor not to render certain services.
Clause 145 : Auditor to sign audit reports, etc.
Clause 146 : Auditors to attend general meeting.
Clause 147 : Punishment for contravention.
Clause 148 : Central Government to specify audit of items of cost in respect of certain companies.
Chapter: XI
APPOINTMENT AND QUALIFICATIONS OF DIRECTORS
Clause 149 : Company to have Board of Directors.
Clause 150 : Manner of selection of independent directors and maintenance of databank of independent directors.
Clause 151 : Appointment of director elected by small shareholders
Clause 152 : Appointment of directors.
Clause 153 : Application for allotment of Director Identification Number.
Clause 154 : Allotment of Director Identification Number.
Clause 155 : Prohibition to obtain more than one Director Identification Number.
Clause 156 : Director to intimate Director Identification Number.
Clause 157 : Company to inform Director Identification Number to Registrar.
Clause 158 : Obligation to indicate Director Identification Number.
Clause 159 : Punishment for contravention.
Clause 160 : Right of persons other than retiring directors to stand for directorship.
Clause 161 : Appointment of additional director, alternate director and nominee director.
Clause 162 : Appointment of directors to be voted individually.
Clause 163 : Option to adopt principle of proportional representation for appointment of directors.
Clause 164 : Disqualifications for appointment of director.
Clause 165 : Number of directorships.
Clause 166 : Duties of directors.
Clause 167 : Vacation of office of director.
Clause 168 : Resignation of director.
Clause 169 : Removal of directors.
Clause 170 : Register of directors and key managerial personnel and their shareholding.
Clause 171 : Members’ right to inspect.
Clause 172 : Punishment.
Chapter: XII
MEETINGS OF BOARD AND ITS POWERS
Clause 173 : Meetings of Board.
Clause 174 : Quorum for meetings of Board.
Clause 175 : Passing of resolution by circulation.
Clause 176 : Defects in appointment of directors not to invalidate actions taken.
Clause 177 : Audit Committee.
Clause 178 : Nomination and Remuneration Committee and Stakeholders Relationship Committee.
Clause 179 : Powers of Board.
Clause 180 : Restrictions on powers of Board.
Clause 181 : Company to contribute to bona fide and charitable funds, etc.
Clause 182 : Prohibitions and restrictions regarding political contributions.
Clause 183 : Power of Board and other persons to make contributions to national defence fund, etc.
Clause 184 : Disclosure of interest by director.
Clause 185 : Loan to directors, etc.
Clause 186 : Loan and investment by company.
Clause 187 : Investments of company to be held in its own name.
Clause 188 : Related party transactions.
Clause 189 : Register of contracts or arrangements in which directors are interested.
Clause 190 : Contract of employment with managing or whole-time directors.
Clause 191 : Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares.
Clause 192 : Restriction on non-cash transactions involving directors
Clause 193 : Contract by One Person Company.
Clause 194 : Prohibition on forward dealings in securities of company by director or key managerial personnel.
Clause 195 : Prohibition on insider trading of securities.
Chapter: XIII
APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL
Clause 196 : Appointment of managing director, whole-time director or manager.
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.
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.
Clause 208 : Report on inspection made.
Clause 209 : Search and seizure.
Clause 210 : Investigation into affairs of company.
Clause 211 : Establishment of Serious Fraud Investigation Office.
Clause 212 : Investigation into affairs of Company by Serious Fraud Investigation Office.
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.
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
 
 
 
 
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