Section 31 1 of companies act 1956 pdf

Application and declaration for the incorporation of a company. R 256 exercise of the powers conferred by clause 31 of section 2, section 73 and section 76 read with subsections l and 2 of section 469 of companies act, 20 18 of 20, and in supersession of the companies acceptance of deposits rules, 1975 or any other rules prescribed under the companies act, 1956 1. 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. In this act, unless the context otherwise requires. For transfer of the department of insurance and office of the commissioner on insurance from the department of. If the company itself, has passed a special resolution passed by threefourth of the members present in the general meeting to that effect. Rights of a company under section 6301 of the companies. Companies act 2006, section 31 is up to date with all changes known to be in force on or before 05 may 2020. Section 31 in the companies act, 1956 indian kanoon. Form 1bpursuant to sections 21 or 31 1 of the companies act, 1956 4.

Name of the companyb address of the registeredconversion of a public. Companies act 2006, section 31 is up to date with all changes known to be in force on or before 08 may 2020. Similarly, another type of company incorporated under the companies act, 1956 is section 25 companies. An act to consolidate and amend the laws in force in zimbabwe relating to the constitution, i n corporation, registration, management, administration and winding up of companies and other associations, and for other purposes incidental thereto. It also contains provisions for companies incorporated outside india but which have an established place of business in india. Section 396 of the companies act 1956 the erstwhile act i. Section 291 of the companies act, 1956 confers general power on the board of directors. Under section 47 of the companies act, 1956 1956 act, following conditions were required to be fulfilled for a private company to be deemed to be a subsidiary of a public company.

There is no such provision under section 372a of erstwhile companies act, 1956. Amended by s 261998 s 231999 s 692001 s 102003 s 452006 s 962008 s 1182010 s 312012 s 612014 s 622014 s 62015 revised edition 2015 b. Form 1bpursuant to sections 21 or 311 of the companies. Appointment of managing director, directors, manager and secretary and the changes among them. Although the exemption notification exempts the applicability of section 62 1 a of act, 20 to private companies, it would be wrong to assume that the concept of preemptive right on further issue of shares is no longer applicable to private companies. The curious case of section 4 7 of the companies act, 1956. Various companies have been incorporated under the companies act, 1956.

You can also search for keywords within the sections of the act. Certificate of commencement of business by depositories. Provisions of part ix a of the companies act, 1956 shall be applicable mutatis mutandis to a producer company in a manner as if the companies act, 1956 has not been repealed. Contributories in winding up of unregistered company. Limitation of period to incorporate close corporations or convert companies 3. Chapter xix revival and rehabilitation of sick companies. The bhc act defines a bank as any of the following. Companies act 1956 section 227 citation 11158 bare act. Subject to the provisions of this act and to the conditions contained in its memorandum. Chapter xxi part i companies authorised to register under this act. You can view a specific section, or view all sections grouped by chapters.

Introduction to companies act 1956 1 free download as powerpoint presentation. Section 7 incomes which accrue or arise in india or are deemed to accrue or arise in india section 9 income arising from business connection in india section 9 1 i assessment year section 29. Notice of situation or change of the registered office of the company. Din means a director identification number which the central govt. Introduction to companies act 19561 board of directors. In its application to government companies section 23 shall be read along with the following sub section. The department of company affairs vide its general circular no. Depreciation for the purpose of declaration of dividend under section 205 in case of companies referred to in section 616 c of the companies act, 1956 the act. Indian companies act 1956 authorstream presentation.

Securities and exchange board of india in this behalf e the regulation. The companies act, 20 rules on the companies act, 20 this feature allows you to view the companies act, 20 sectionwise or chapterwise. Changes that have been made appear in the content and are referenced with annotations. Substituted by act 31 of 1988, section 53, for having a paidup share capital of rupees twenty five lakhs or more w. Companies act, 1956 1 of 1956 or the securities and exchange board of india act, 1992 15 of 1992 or the depositories act, 1996 22 of 1996 shall have the same.

Section 311 in the companies act, 1956 indian kanoon. The companies acts 1948 to 1980 was the collective title of the companies act 1948, parts i and iii of the companies act 1967, the companies floating charges and receivers scotland act 1972, section 9 of the european communities act 1972, sections 1 to 4 of the stock exchange completion of bargains act 1976, section 9 of the insolvency. Income deemed to be received in india under income tax act. Compliance of provision of the companies act, 1956 and rules made there under.

Section 3 1 i of the companies act, 1956 defines a company as a company formed and registered under this act or an existing company. Bank holding companies are companies that own or control a bank. Ministry of corporate affairs companies act search. Prohibition of registration of company limited by guarantee with a share capital. A company is defined as a voluntary association of persons formed for the purpose of doing business, having a distinct name and limited liability. Companies act 1956 companies board of directors free. Section 31 1 in the companies act, 1956 1 subject to the provisions of this act and to the conditions contained in its memorandum, a company may, by special resolution, alter its articles. Provided, in derogation of the 7 companies act, 1956 1 of 1956, and any other law for the time being in force. This is a ready reckoner for the information of stakeholders. There are changes that may be brought into force at a future date. Are companies required to file compliance certificate required in terms of companies act, 1956 for the financial year ended march 31, 2014. Companies act, 1990, section 31 irish statute book. Be it enacted by parliament in the sixth year of the republic of india as follows.

Analysis of section 396 of the companies act, 1956 in the. Companies act, 1956 1 of 1956 or the securities contracts regulation act, 1956 42 of 1956 or the securities and exchange board of india act, 1992, 15 of 1992 shall have the meanings respectively assigned to them in those acts. Section 237 of the companies act 20 gives power to the central government to order forced amalgamation of two companies if it is satisfied that it is essential in the public interest. Effect of conversion on legal status schedule 3 amendment of laws a. This act may be cited as the companies act chapter 24. This act shall be known and may be cited as the insurance code of 1956. When the accused failed to comply with the companies request, criminal complaint was filed against him under section 630 1 of the companies act, 1956. Section 253 is amended by insertion of a provision and section 266a to 266g are inserted, which provide for din to every individual director. In pursuance to the provisions of section 186 1 of the act, a company shall make investment through not more than two layers of investment companies. The exemption notification does not entirely exempt private. Resolved that pursuant to section 3141b read with the directors relatives office or place of profit rules, 2003 and other applicable provisions of companies act, 1956, if any, and subject to the approval of the members of the company in the general meeting and the central government, and upon the approval of the selection committee of the. Outstanding assets of defunct unregistered company. Corporation act, 1956 31 of 1956 ii the infrastructure development finance company limited, referred to in clause vi of sub section 1 of section 4a of the. During the pendency of this complaint, the appellant company filed an application on 29.

Act to apply to cooperative societies in certain c ases. V, clarifies that the provisions of section 274 of the companies act, 1956 were amended through companies amendment act, 2000, w. Please refer to the relevant notifications and circulars issued separately. I have also incorporated the part ixa producer companies of companies act 1956 which shall be applicable mutatis mutandis to a producer company in a manner as if the companies act, 1956 has not been repealed until a special act is enacted for producer companies refer section 465 of ca 20. Chapter xviii removal of names of companies from the register of companies. Table containing provisions of companies act, 20 as. In this act, unless the context otherwise requires appointed date has the same meaning assigned to that expression in the companies commission of malaysia act 2001 act 614. Companies act, 1956 1 of 1956 or the securities and exchange board of india act. A note on disqualification of a director under section 274. This was invoked for the first time by the ministry of corporate affairs mca in 2014. Section 25 companies in the companies act, 1956 advisory.