As per section 2 of the companies act 1956, director means any person occupying the position of a director by whatever name called. The board or board of directors the board or the board of directors in relation to a company means the board of directors of the company. The pdf file you are about to download is not created by writinglaw. Definitions of company, existing company, private company and public company 4.
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. Section 309 of the companies act, 1956 remuneration of directors approval of central government under section 309 not required in case of increase in remuneration of nonwhole time directors of a company solely on account of payment of service tax on commission payable to them by the company. Indicate registrar of companies roc reference number for name approval2. The companies act, 20 passed by the parliament has received the assent of the president of india on 29th august, 20. Companies act 1956, 20 pdf bare act, bare act pdf, law. Under this section, we have made comparison between the companies act 20 and companies act 1956 on various topics under different chapters of the act. Official language means a language mentioned in section 61 of the constitution. Form 1bpursuant to sections 21 or 311 of the companies act. Introduction to companies act 19561 free download as powerpoint presentation. Mar 05, 20 meaning of section 224 of the companies act, 1956 need be given. Relative means, with reference to any person, means any one who is related to another, if i they are members of a hindu undivided family. Provided further that provisions of section 6 shall be effective from the.
The relevant particulars of all contracts or arrangements to which section 297 or section 299 applies including the amount of loan given or taken by the company and other transactions as may be, are entered in the register of contracts. Section 291 of the companies act, 1956 confers general power on the board of directors. In exercise of the powers conferred by clauses a and b of subsection 1 of section 610c of the companies act, 1956 1 of 1956, the central government hereby directs that. K v l narayan rao as executive vicechairperson of the company. Companies act 1956 section 211 citation 11141 bare act. It has been developed with an objective to enable a single window access to information and services being provided by the various indian government entities. If the total number is more than four, then file another eform 32 for the remaining. Form 32 is filed with the registrar of companies and it indicates the status of the directors. Accounting records, financial statements, financial.
Introduction to companies act 19561 board of directors. Chapter xviii removal of names of companies from the register of companies. Thus when a director resigns, and his resignation is accepted by the company, the company becomes obliged to file a form 32 with the roc indicating change in status of the directors. Pursuant to sections 331 and 2 of the companies act, 1956 1. The curious case of section 4 7 of the companies act, 1956 this issue is of paramount importance for foreign companies having majority shareholding in indian companies since classification as a. Particulars of managing director or directors or manager. If you agree then only proceed to download companies act 20 pdf. In such cases, form 32, under the companies act, 1956 comes to aid. Chapter xix revival and rehabilitation of sick companies. Companies act, 1956 1 of 1956 so repealed under section 465 of this act. Modifications in section 220, 303 and 594 of companies act.
The directors are either named in the articles of association of the company or appointed by the board or shareholders in general meetings. The board or board of directors the board or the board of directors in relation to a company means the board of. Particulars of filing form 23 with registrar of companies rocapplication for approval of the central government. The word company means an association formed by a number of persons for some common object. Effective from 1st april, 2014 save as otherwise expressly provided in this act a the provisions of this act shall have effect notwithstanding anything to the contrary contained in the memorandum or articles of a company, or in any agreement executed by it, or in any resolution passed by the company in general meeting or by its. Section 6 of the general clauses act, 1897 10 of 1897 to apply in addition to sections 645 to 657 of act. Meaning under section 25 of the companies act, 1956 under indian law, 3 legal forms exist for non profit organizations. Companies act, 1956 upto section 302 part i preliminary. Schedule xiii to the companies acta practical approach view pdf an investors requirements in. Section 31i of the companies act, 1956 defines a company as. In accordance with section 97 of the companies act, 1956, that by ordinary. Power of high court to retain winding up proceedings in district court. List of statutory registers under companies act, 1956 sr. Attention students applicability of companies act, 1956.
Effective from 1st april, 2014 save as otherwise expressly provided in this act a the provisions of this act shall have effect notwithstanding anything to the contrary contained in the memorandum or articles of a company, or in any agreement executed by it, or in any resolution. This an act to consolidate and amend the law relating to companies. An act to consolidate and amend the law relating to companies and certain other associations. Pursuant to sections 331 and 2 of the ihndi companies. Jun 18, 2010 18 june 2010 as per section 260 board can appoint additional directors who shall hold office upto the date of next agm. Withdrawal and transfer of winding up from one district court to another. Attention students applicability of companies act, 1956 and the companies act, 20 for june, 2015 examinations the question papers on the subjects of foundation new syllabus, executive new syllabus, and professional programme old and new syllabus shall carry questions from the. Section 302 of companies act, 20 dissolution of company.
Section 302 in the companies act, 1956 indian kanoon. Classification on the basis of number of members private company a private company means a company which has a minimum paid up capital of rs. The act or the said act the act or the said act means the companies act, 1956 and includes any reenactment or statutory modification thereof for the time being in force. When such an association of persons is registered under the companies act, it becomes an artificial person with perpetual succession and common seal. Duties of directors 1 subject to the provisions of this act, a director of a company shall act inaccordance with the articles of the company. Format of all statutory registers under companies act 1. Users can access links for getting complete details on the acts. Introductionwhat is company a company is an artificial person created by law. 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. Division 6 interests other than shares, debentures, etc. Links are given for guidelines for setting up a new company and for information on cost audit orders. Allows you online search for pdf books ebooks for free downloads in one place.
Section 8 company is also termed as the nonprofit organizationnpo which is established to promote art, science, commerce, religion, charity or any other advantageous object, provided the profits if any. Modifications in section 220, 303 and 594 of companies act, 1956. There are changes that may be brought into force at a future date. Particulars of filing form 23 with registrar of companiesrocapplication for approval of the central government for change of name or conversion of a public company into a private company form 1bpursuant to sections 21 or 311 of the companies act, 1956 4. Companies act 2006, section 302 is up to date with all changes known to be in force on or before 14 may 2020. Jurisdiction of high court under sections 435, 436 and 437 to be exercised at any time and at any stage. Refer the relevant provisions of the companies act, 1956 and rules made there under with respect to the matter dealt in this eform in case of change of name 2 a enter corporate identity number cin of the company you may find cin by entering your existing registration number in the find cingln service at the portal. Disclosure to members of directors interest in contract appointing manager. The indian companies act, 1956 basic concept the word company. The curious case of section 4 7 of the companies act, 1956. Attention students applicability of companies act, 1956 and. Content introduction definition characteristics of a company types of company 2. Corporation act, 1956 31 of 1956 v the unit trust of india, established under section 3 of the unit trust of india act, 1963 52 of.
Aug 19, 2009 19 august 2009 secretarial practice check that. Contents companies act 2008 notes on the guide to companies act no 71 of 2008 2 1. Get detailed information on the companies act, provided by ministry of corporate affairs. Details of four managers, secretarys can be filed through this eform. Disclosure to members of director s interest in contract appointing manager, managing director, managing agent or secretaries and treasurers.
Form 1bpursuant to sections 21 or 311 of the companies. India the companies act 1956 sec 25 power to dispense with limited in name of charitable or other company. Changes that have been made appear in the content and are referenced with annotations. Winding up companies act, 1956 tax management india. Dissolution of company by tribunal effective from 15th december, 2016 1 when the affairs of a company have been completely wound up, the company liquidator shall make an application to the tribunal for dissolution of such company. The relevant particulars of form 24aa are duly entered in the register of contracts. When corporations deemed to be related to each other. Independent auditors report to the board of directors of. This section, can you help you in finding out in quick manner, the changes in the new or old law. Apr 04, 20 a any act or acts relating to companies in force before the indian companies act, 1866 10 of 1866 and repealed by the act. Be it enacted by parliament in the sixth year of the republic of india as follows 1.
Format of all statutory registers under companies act. Applicability of companies act, 1956 and the companies act, 20 for june, 2015 examinations the question papers on the subjects of foundation new syllabus, executive new syllabus, and professional programme old and new syllabus shall carry questions from the notified sections of the companies act, 20 and rules made thereunder. The companies amendment act and companies bill are also provided for the readers. A company means a group of persons associated together for the attainment of a common end, social or economic.