Is section 93 of Companies Act 2013 omitted?
This Rule is omitted. The amendment is consequential to the enforcement of section 24 of the Act, 2017 which states that Section 93 of the Act, 2013 is to be omitted.
What is the section of Companies Act 2013?
The Companies Act, 2013
| Section No. | Section Name |
|---|---|
| 6 | Act to override memorandum, articles, etc |
| 7 | Incorporation of company |
| 8 | Formation of companies with charitable objects, etc |
| 9 | Effect of registration |
What is the provision of Section 52 of the Companies Act 2013?
Section 52 of the act of 2013 permits/ treats as it does the Securities Premium Account of the company as its paid up share capital. The Securities Premium Account is the property of the equity shareholders, requisite majority of whom has approved the scheme by a special resolution for reduction of share capital.
What is Section 180 of Companies Act 2013?
Section 180 of the companies act, 2013, restricts the power of board of directors. Board can exercise some powers only with the consent of the company by a special resolution. (i) “undertaking” shall mean an undertaking in which the investment of the company exceeds twenty per cent.
What is Section 175 of Companies Act, 2013?
Passing the Resolution by Circulation is an alternative method for urgent matters instead of convening the Physical Board Meeting. Resolution shall be considered as passed when approved by the majority of Directors.
What is Section 180 of Companies Act, 2013?
What is Section 62 of Companies Act, 2013?
“The notice referred to in sub-clause (i) of clause (a) of sub-section (1) shall be dispatched through registered post or speed post or through electronic mode or courier or any other mode having proof of delivery to all the existing shareholders at least three days before the opening of the issue.”
Is section 42 applicable to private companies?
A company making a private placement cannot offer its securities through any public advertisements or utilise any marketing, media, or distribution agents or channels to inform the public about such an offer. …
What is Section 25 company and section 8 company?
A Section 8 Company is the same as the popular Section 25 company under the old Companies Act, 1956, which was one of the most popular forms of Non- Profit Organisations in India. But, as per the new Companies Act 2013, Section 25 (as per the old act) has now become Section 8.
When did Section 58A of the Companies Act, 1956 cease to have effect?
On the commencement of sub-section (2) of section 74 of the Companies Act, 2013 w.e.f. 06.06.2014, the corresponding sections namely 58A (9) and 58AA of the Companies Act, 1956 ceased to have effect. Benches of the Company Law Board shall not accept further applications under sections 58A (9) and 58AA of the Companies Act, 1956.
How does Section 58A apply to private companies?
As per the above provisions of Section 58A and Section 372A the following points can be summarized:- 1. A private Company can accept deposits and unsecured loans only from Shareholders, Directors & there Relatives. 2. A Private Company can take unsecured loans from any Body Corporate as the same are exempt from Deposit Rules,1975.
What does section 3a of the Companies Act mean?
(3A) 1 Every deposit accepted by a company after the commencement of the Companies (Amendment) Act, 1988 , shall, unless renewed in accordance with the rules made under subsection (1), be repaid in accordance with the terms and conditions of such deposit.]
What are corresponding sections of Companies Act, 2013?
Corresponding sections of Companies Act, 2013 10FB Constitution of National Company Law Tribunal 408 Constitution of National Company Law Tribunal 10FC Composition of Tribunal 408 Constitution of National Company Law Tribunal 10FD Qualifications for appointment of President and Members 409 Qualification of President and Members of Tribunal 10FE