What is Section 13 a company?
“(1) The change of name shall not be allowed to a company which has defaulted in filing its annual returns or financial statements or any document due for filing with the Registrar or which has defaulted in repayment of matured deposits or debentures or interest on deposits or debentures.”
What are Section 20 companies?
Section 20 in The Companies Act, 1956. 20. Companies not to be registered with undesirable names. (1) No company shall be registered by a name which, in the opinion of the Central Government, is undesirable.
What is a Section 25 company?
Under the Companies Act (“Act”), 1956, Section 25 company can be defined as a limited company formed for the sole object of “promoting commerce, art, science, religion, charity, or any other useful object, and intends to apply its profits, if any, or other income in promoting its objects, and to prohibit the payment of …
How is company formed and promoted?
It is the first stage in the formation of a company. It begins with a person or a group of persons having thought of or conceived a possible future business opportunity and then taking an initiative to give it a practical shape by way of forming a company.
What is Section 14 of companies Act?
Section 14 in The Companies Act, 1956. 14. Form of memorandum. The memorandum of association of a company shall be in such one of the Forms in Tables B, C, D and E in Schedule I as may be applicable to the case of the company, or in a Form as near thereto as circumstances admit.
What is Section 25 of Companies Act 2013?
(1) Where a company allots or agrees to allot any securities of the company with a view to all or any of those securities being offered for sale to the public, any document by which the offer for sale to the public is made shall, for all purposes, be deemed to be a prospectus issued by the company; and all enactments …
What is meant by banking company?
1. banking company – a financial institution that accepts deposits and channels the money into lending activities; “he cashed a check at the bank”; “that bank holds the mortgage on my home” banking concern, depository financial institution, bank.
What is Section 8 non-profit company?
Section 8 Company or a Non-Profit organization (NPO) is a Company established for promoting commerce, art, science, religion, charity or any other useful object, provided the profits, if any, or other income is applied for promoting only the objects of the Company and no dividend is paid to its members.
What is a Section 26?
If you are sure that you wish to renew your Lease you can request the Landlord to grant one to you. This is called a Section 26 Request. You must give at least 6 and no more than 12 months notice of your desire for a new tenancy.
When does section 12 of the Companies Act come into force?
Section 12 of the Companies Act, 2013 has been notified by the Ministry of Corporate Affairs (MCA) vide Notification No. S.O. 902 (E) issued dated 27.03.2014. This notification was come into force from 1st April, 2014 i.e. the commencement date of section 12 is 1-4-2014. Download all sections of the Companies Act 2013 in PDF.
What are the provisions of the Companies Act 2013?
Chapter II (Sections 3 – 22) of the Companies Act, 2013 (CA 2013) deals with the provisions related to incorporation of company and matters incidental thereto. Section 12 of CA 2013 provides for registered office of company.
What should be substituted in the Companies Act?
In section 12 in sub-section (1), for the words “on and from the fifteenth day of its incorporation”, “the words “within thirty days of its incorporation” shall be substituted. 11. Substituted by the Companies (Amendment) Act,2017 – Amendment Effective From 27th July 2018
What is the meaning of rule 12g-2?
Rule 12g-2 addresses securities deemed to be registered pursuant to Section 12 (g) (1) upon termination of the exemption pursuant to Section 12 (g) (2) (A) or (B); Rule 12g-3 addresses the registration of securities of successor issuers under Section 12 (b) or Section 12 (g);