The companies act, 20 passed by the parliament has received the assent of the president of india on 29th august, 20. In exercise of the powers conferred by subsections 1 and 2 of section 643 of the companies act, 1956, and of all other powers enabling, the supreme court of india, after consulting the high courts, hereby makes the following rules. Section 284 of the companies act, 1956 the 1956 act provided for the provisions relating to removal of directors. Table containing provisions of companies act, 20 as notified up to date and corresponding provisions thereof under companies act, 1956. Central government act section 169 2 in the companies act, 1956 2 the requisition shall set out the matters for the consideration of which the meeting is to be called, shall be signed by the requisitionists, and shall be deposited at the registered office of the company. Bjs reappointment shall be subject to approval of the central government which shall take effect from such date as may be approved by the central government in this regard. If the petitioner contends that the property has been sold at throw away price, obtain certified copy of sale deeds from subregistrar office in respect of some other property in the same locality during the same period and attach it with the petition. Section 291 of the companies act, 1956 confers general power on the board of directors. These sections are updated and extracted from the ebook on the companies act 20 by aubsp. Section 169 calling of extraordinary general meeting on requisition.
Section 25 companies in the companies act, 1956 advisory. An intercorporate deposit icd is an unsecured borrowing by corporates from other corporate entities registered under the companies act, 20 or the erstwhile companies act, 1956. It is clear that section 167 creates an express bar on the applicability of the companies. If you agree then only proceed to download companies act 20 pdf. Download the complete list of all sections of companies act 20 in pdf format. Notice of filing the list and inspection of the same. The board of directors of a company shall, on the requisition of such number of members of the company as is specified in sub section 4. Statements pursuant to section 212 of the companies act, 1956 170171 relating to subsidiary companies. Section 291 of companies act, 1956 provides for general powers of the board of directors. Arrangement of sections section part i preliminary 1. The companies act, 20 ministry of corporate affairs.
This is a ready reckoner for the information of stakeholders. You can view a specific section, or view all sections grouped by chapters. Company auditors and liquidators to be approved by minister charged with responsibility for finance. Calling of extraordinary general meeting on requisition. Be it enacted by parliament in the fiftythird year of the republic of india as follows. Section 264 consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the registrar.
This an act to consolidate and amend the law relating to companies. Table containing provisions of companies act, 20 as notified up to date and corresponding provisions thereof under companies act, 1956 s. Construction of references in other acts to companies registered under the companies consolidation act, 1908. Central government act section 169 6 in the companies act, 1956 6 if the board does not, within twenty one days from the date of the deposit of a valid requisition in regard to any matters, proceed duly to call a meeting for the consideration of those matters on a day not later than forty five days from the date of the deposit of the requisition, the meeting may be called. Some important judgment come under section 284 of companies act, 1956 corresponding of section 169 of companies act, 20 january 4.
Query on section 166 of the companies act, 1956 corporate law. As we know that the companies act, 20 has now replaced the decades old companies act, 1956 which was amended tons of. Part ixa of companies act, 1956 income tax department. Companies act, 1956 1 of 1956 so repealed under section 465 of this. Explore them by section wise, view them or download them. Procedure for removal of director under companies act 20. Section 169 in the companies act, 1956 indian kanoon. Provided that this subsection shall not be deemed to authorise the company to. Section 166 of companies act, 20 duties of directors. Limitation of period to incorporate close corporations or convert companies 3. As to accounting periods of companies within the same group 169. Corporates having surplus funds lend to another corporate in need of funds. Intercorporate deposits are exempt from the definition of deposits under companies act. Section content effective date some of the subsections of these sections have been notified on different dates.
Provision as to memorandum and articles of companies limited by guarantee. Companies act, 1956 shall not apply to societies registered or deemed to be registered. Effect of conversion on legal status schedule 3 amendment of laws a. Table containing provisions of companies act, 20 as notified up to 28. Removal of director under company law cs gaurav pingle. The companies act, 20 rules on the companies act, 20 this feature allows you to view the companies act, 20 sectionwise or chapterwise. The pdf file you are about to download is not created by writinglaw. Section 167 of the companies act, 20 ca 20 provides for vacation of office of director. Communication, acceptance and revocation of proposals 4.
This section came into force on 1st april, 2014 vide notification no. Section 263a sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc. Power of company law board to call annual general meeting. Section 169 and chapter 7 of companies act, 20 right of shareholders to remove a director in the general meeting through ordinary resolution is a legal right. Section 25 companies, under the companies act 1956, are companies formed for promoting commerce, art, science, religion, charity or any other useful object. Section 169 6 in the companies act, 1956 6 if the board does not, within twenty one days from the date of the deposit of a valid requisition in regard to any matters, proceed duly to call a meeting for the consideration of those matters on a day not later than forty five days from the date of the deposit of the requisition, the meeting may. Every other company shall have at least 2 directors sec 252. Duties of directors effective from 1st april, 2014 1 subject to the provisions of this act, a director of a company shall act in accordance with the articles of the company. The election and other related laws amendment bill, 2002 a bill further to amend the representation of the people act, 1951, the companies act, 1956 and the incometax act, 1961. Penalty for default in complying with section 166 or 167. The 1956 act contained no such provisions along the above lines as regards calling of meeting by requisitionists. The special notice and requisition dated november 10, 2016 received from tata sons limited and the notices dated november 16, 2016 received under section 160 of the companies act, 20 from tata sons limited. Be it enacted by parliament in the sixth year of the republic of india as follows.
Alterations in memorandum or articles increasing liability to contribute to share capital not to bind existing members. Short title, commencement and extent 1 this act may be called the companies act, 1956. Section 169 of the companies act, 1956, provides that on requisition of members of a company having share capital or not, the board is required to call and hold extraordinary general meeting. Indian company law regulates the corporations formed under the section 220. Section 169 and chapter 7 of companies act, 20 right of. The companies act, 20 has been notified in the official gazette on 30th august, 20 but the provisions of this act shall come into force on such dates as the central government may notify in the. Companies act 71 of 2008 english text signed by the president. Frequently asked questions on the companies act, 20. Change of name home loan bank board changed to federal home loan bank board by act aug. Section 173 explanatory statement to be annexed to notice. Notice will also be available on the website of the company viz. Laws of malaysia act 6 contracts act 1950 arrangement of sections part i preliminary section 1. The advantages of section 25 companies over other companies registered under companies act are discussed below.
There is a duty on the company secretaries to advise the management as to the applicability and correct implications of the above sections and the board of directors removal of director. Complete list of sections of companies act, 20 corporate. Similarly, another type of company incorporated under the companies act, 1956 is section 25 companies. Conversion of company limited by shares to company limited by. The rights of members individually or collectively are enumerated as under. Section 25 company is one of the popular forms of non profit organisation in india. Part iv shares, debentures and charges sections 43. Section 167 of the ca 20 corresponds to the section 283 of the companies act, 1956 which provides for vacation of office by director. The act or the said act means the companies act, 1956 and includes any reenactment or statutory. Resolved that pursuant to the provisions of section 255, 257 and other applicable provisions, if any, of the companies act, 1956 name of the person appointed in respect of whom a notice in writing has been received by the company proposing his candidature for the office of director under section 257 of the companies act, 1956, be and is. In view of the applicability of the provisions of section 314 of the companies act, 1956, the resolution is required to be passed as a special resolution and mr. This legal right cannot be damaged or taken away by moa, aoa or any other documents or agreement. You can also search for keywords within the sections of the act. Oppression and mismanagement drafting of petitions.
Section 166 in the companies act, 1956 indian kanoon. Companies amendment act 3 of 2011 act to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of. General provisions with respect to memorandum and articles. Pdf companies act 1956 and 20 pdf download, high quality. Subject to the provisions of the act, the board of directors of a company shall be entitled to exercise all such powers, and to do all such acts and things, as the company is authorized to exercise and do. Indian companies act 1956 authorstream presentation. Interpretation part ii of the communication, acceptance and revocation of proposals 3.
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