Section – 3, Companies Act, 2013 Enforced with effect from 1-4-2014. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO Formation of company 3. (1) A company may be formed for any lawful purpose by— (a) seven or more persons, where the company to be formed is to be a public company; (b) two or… Read More »
Rules under Companies Act 2013 CHAPTER II : INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO COMPANIES (INCORPORATION) RULES, 2014 n exercise of the powers conferred under section 3, section 4, sub-sections (5) and (6) of section 5, section 6, sub-sections (1) and (2) of section 7, sub-sections (1) and (2) of section 8, clauses (a)… Read More »
PRESS RELEASE, DATED 1-7-2015 Secretarial Standard-2 (SS-2) on “General Meetings Following is the text of the Secretarial Standard-2 (SS-2) on “General Meetings”, issued by the Council of the Institute of Company Secretaries of India and approved by the Central Government. Adherence by a company to this Secretarial Standard is mandatory, as per the provisions of… Read More »
PRESS RELEASE, DATED 1-7-2015 SS-1 SECRETARIAL STANDARD ON MEETINGS OF THE BOARD OF DIRECTORS The following is the text of the Secretarial Standard-1 (SS-1 ) on “Meetings of the Board of Directors”, issued by the Council of the Institute of Company Secretaries of India and approved by the Central Government. Adherence by a company to… Read More »
Rules framed under Companies Act 2013 CHAPTER XII : MEETINGS OF BOARD AND ITS POWERS COMPANIES (MEETINGS OF BOARD AND ITS POWERS) RULES, 2014 In exercise of powers conferred under sections 173, 175, 177, 178, 179, 184, 185, 186, 187, 188, 189 and section 191 read with section 469 of the Companies Act, 2013 and… Read More »
Section – 174, Companies Act, 2013 (Enforced with effect from 1-4-2014) Quorum for meetings of Board 174. 1(1) The quorum for a meeting of the Board of Directors of a company shall be one-third of its total strength or two directors, whichever is higher, and the participation of the directors by video conferencing or by other… Read More »
Section – 19, Companies Act, 2013 Enforced with effect from 12-9-2013. Subsidiary company not to hold shares in its holding company. 19. (1) No company shall, either by itself or through its nominees, hold any shares in its holding company and no holding company shall allot or transfer its shares to any of its subsidiary… Read More »
Section – 22, Companies Act, 2013 (Enforced with effect from 12-9-2013.) Execution of bills of exchange, etc. 22. (1) A bill of exchange, hundi or promissory note shall be deemed to have been made, accepted, drawn or endorsed on behalf of a company if made, accepted, drawn, or endorsed in the name of, or on… Read More »
RULES UNDER COMPANIES ACT, 2013 CHAPTER V : ACCEPTANCE OF DEPOSITS BY COMPANIES COMPANIES (ACCEPTANCE OF DEPOSITS) RULES, 2014 In exercise of the powers conferred by clause (31) of section 2, section 73 and section 76 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), and in… Read More »
RULES UNDER COMPANIES ACT, 2013 CHAPTER IV : SHARE CAPITAL AND DEBENTURES COMPANIES (SHARE CAPITAL AND DEBENTURES) RULES, 2014 Certificate of shares (where shares are not in demat form) (rule 5) 5. (1) Where a company issues any share capital, no certificate of any share or shares held in the company shall be issued, except—… Read More »