Dear Professional friends & colleagues
Thanks for your generous response to this blog and I apologies
for not updating for sometime due to my exams.
List of 98 sections coming into effect
from 12/9/2013
2 - Definitions – Certain parts
19 - Subsidiary Company not to hold shares in Holding Company
21 - Authentication of documents, proceedings and contracts
22 - Execution of bills of exchange, etc.
23 - Public offer and private placement. (Partly effective)
24 - Power of Securities and Exchange Board to regulate issue
and transfer of securities, etc.
25 - Document containing offer of securities for
sale to be deemed prospectus (Partly effective)
29 - Public offer of securities
to be in dematerialised form.
30 - Advertisement of Prospectus
31 - Shelf
Prospectus
32 - Red herring prospectus
33 - Issue of Application form for Securities (Partly
effective)
34 - Criminal liability for misstatements in prospectus
35 - Civil liability for misstatements in prospectus (Partly
effective)
36 - Punishment for fraudulently inducing persons to invest
money.
37 - Action by affected persons
38 - Punishment for personation for acquisition, etc., of
securities.
39 - Allotment of securities by Company (Partly effective)
40 - Securities to be dealt with in stock exchanges. (Partly
effective)
44 - Nature of shares or debentures.
45 - Numbering of shares
49 - Calls on shares of same class to be made on uniform basis.
50 - Company to accept unpaid share capital, although not
called up.
51 - Payment of dividend in proportion to amount paid up
57 - Punishment for personation of shareholder.
58 - Refusal of registration and appeal against refusal.
59 - Rectification of register of members.
60 - Publication of authorised, subscribed and paid-up
capital.
65 - Unlimited company to provide for reserve share capital on
conversion into limited company.
69 - Transfer of certain sums to capital redemption reserve
account.
70 - Prohibition for buyback (Partly effective)
86 - Punishment for contravention
91 - Power to close register of members or debentureholders or
other security holders.
100- Calling of EGM (Part)
102- Statement to be annexed to notice
103- Quorum for meetings
104- Chairman for meetings (Partly effective)
105- Proxies (Partly effective)
106- Restriction on voting rights.
107- Voting by show of hands
111- Circulation of members’ resolution.
112- Representation of President and Governor in meetings
113-Representation of corporations at meeting of companies
and of creditors. (Partly effective)
114- Ordinary & Special resolutions
116- Resolutions passed at adjourned meeting
127-Punishment for failure to distribute dividends.
133-Central Government to prescribe accounting standards.
161-Appointment of additional director, alternate director
and nominee director. (Partly effective)
162-Appointment of directors to be voted individually.
163-Option to adopt principle of proportional representation
for appointment of directors.
176–Defects in appointment of directors not to
invalidate actions taken.
180- Restrictions on powers of Board
181–Company to contribute to bona fide and charitable funds,
etc.
182-Prohibitions and restrictions regarding political
contributions.
183-Power of Board and other persons to make contributions to
national defence fund, etc.
185- Loans to Directors, etc
192-Restriction on
non-cash transactions involving directors.
194-Prohibition on forward dealings in securities of company
by director or key managerial personnel.
195-Prohibition on insider trading of securities.
202-Compensation for loss of office of managing or whole-time
director or manager.
379-Application of Act to foreign companies.
382-Display of name, etc., of foreign company.
383-Service on Foreign Company
386-Debentures, annual return, registration of charges, books
of account and their inspection. (Partly
effective)
394-Annual reports on Government companies.
405-Power of Central Government to direct companies to
furnish information or statistics.
407 to 414 – NCLT – Constitution, etc
439- Offences to be non cognizable
443- Power of Central Government to appoint company
prosecutors.
444- Appeal against acquittal
445-Compensation for accusation without reasonable cause.
446- Application of fines
447- Punishment for fraud
448- Punishment for false statement
449-Punishment for false evidence
450- Punishment where no specific penalty or punishment is
provided.
451-Punishment in case of repeated default.
452-Punishment
for wrongful withholding of property.
453-Punishment for improper use of “Limited” or “Private
Limited”.
456-Protection of action taken in good faith.
457-Nondisclosure of information in certain cases.
458-Delegation by Central Governemnt
of its powers and functions.
459-Powers of Central Government or Tribunal to accord
approval, etc., subject to conditions and to
prescribe fees on applications.
460-Condonation of delay in certain cases.
461-Annual report by Central Government.
462-Power to exempt class or classes of companies from
provisions of this Act.
463-Power of court to grant relief in certain cases.
467-Power of Central Government to amend Schedules.
468-Power of Central Government to amend Schedules.
469-Power of Central Government to make rules.
470- Power to remove difficulties.
For complete Companies Act, 2013 follow this click here
For complete Companies Act, 2013 follow this click here
Best regards
