This is the basic law which governs the creation,continuation, the winding up of companies and also the relationships betweenthe shareholders, the company, the public and the government. A certificate, issued under the common seal of the company, specifying the shares held by any person, shall be prima facie evidence of the title of the person to such shares. Pdf companies act 1956 and 20 pdf download, high quality. The company act, 1956 the companies act, 1956 bare act 1. I have sourced this according to fair use policy from the. Document containing offer of securities for sale to be deemed prospectus. The companies act of 1956 came into force from 1st april, 1956 and was largely based on the english companies act of 1948. Section 31i of the companies act, 1956 defines a company as. Section 25 of companies act, 1956 was introduced for such companies based on english companies act 1948. This can also be accessed via cakart android app and can be read on move using your android.
Definitions of company, existing company, private company and public company 4. The companies act 1956 is administered by the government of india through the ministry of corporate affairs and the offices of registrar of companies, official liquidators, public trustee, company law board, director of inspection, etc. Updated and amended bare acts in pdf format of companies act 1956 and companies act 20. Any person aggrieved by any decision or order of the company law board may file an appeal to the high court within sixty days from the date of communication.
Introduction to companies act 19561 board of directors. This an act to consolidate and amend the law relating to companies. Download schedule vi companies act 1956 file in pdf format. Definition of a company according to sec 1, a company formed and registered under the act. Every listed company shall file a return in the prescribed form. Bhaba committee also recommended to permit partnership firms though not a legal. Company law section 68 of the companies act, 20 empowers a company to purchase its own shares or other securities in certain cases. Section 31 ii of the act states that an existing company means a company formed and registered under any of the previous companies laws. Scribd is the worlds largest social reading and publishing site. The free ebook the indian companies act 1956 free pdf ebook is uploaded at. Introduction to companies act 1956 1 free download as powerpoint presentation.
Be it enacted by parliament in the sixth year of the republic of india as follows. 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. Section 77aa transfer of certain sums to capital redmeption reserve account. Introductionwhat is company a company is an artificial person created by law. U65993ka2007ptc043015 2007 2008 i hereby certify that gmr enterprises private limited is this day incorpqrated under the companies act. As per proviso to section 253 of the companies act, 1956, inserted by the companies amendment act, 2006, w. Section 77 restrictions on purchase by company, or loans by company for purchase, of its own or its holding companys shares. Companies act, 1956 free download as powerpoint presentation.
Power of company law board to call annual general meeting. Sections 68 to 70 of the companies act, 20 and rule 17 of the companies share capital and debentures rules, 2014 deal with buyback of shares. Definitions of company, existing company, private company and public company 1. This can also be accessed via cakart android app and can be read on move using your android mobile phones. Full text containing the act, companies act, 1956, with all the sections. 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. Under schedule xiii of the companies act, 1956, part ii, section ii relating to. Section 77a power of company to purchase its own securities. The companies amendment act and companies bill are also provided for the readers. This act shall be known and may be cited as the insurance code of 1956. While the companies act, 1956 provided that the directors may make a declaration of solvency section 488, companies act, 1956, the companies act, 20 section 305 says, the directors shall make a declaration of solvency. The name of the company hereinafter called the federation is the federation of indian mineral industries.
A company means a group of persons associated together for the attainment of a common end, social or economic. Companies act, 1956 bare acts law library advocatekhoj. The companies act, 1956 memorandum of association of the federation of indian mineral industries new delhi limited by guarantee and not having a share capital name 1. Act and any reference in any provision to the commencement of this act shall be construed as a reference to the coming into force of that provision. First reprint 1988, second reprint 1995, third reprint 2000. Clarification with regard to applicability of provision of section 372a of the companies act 1956. Users can access links for getting complete details on the acts. Companies act, 1956 read with rules 67 to 87 of the companies court rules, 1959 and the provisions of the companies act, 20, to the extent made effective, a form of proxy and attendance slip are enclosed herewith. The same expression was repeated only in subsection 2 of section 184 of the companies act, 20 indicating that wider disclosures are required only when the director is holding either by himself or in association with any other director, 2% or.
The companies act 20 is an act of the parliament of india on indian company law which. 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 companies act, 1956 consolidates and amends the law relating to companies. According to sec 3 of the act, on incorporation a company becomes a body corporate or a corporation with a perpetual succession and a common seal. Backgrounder institute of company secretaries of india. Companies act, 1956 contains provisions which regulate and restrict the minimum subscription and the application money payable on shares issued by a company going for public issue of shares. I open email and open pdf file viz ashok leyland evoting. Companies act 1956, 20 pdf bare act, bare act pdf, law. Bank holding company act of 1956, also known as an act to define bank holding companies, control their future expansion, and require divestment of their nonbanking interestspublic law 84511, 84th congress, h. Get detailed information on the companies act, provided by ministry of corporate affairs. For the purpose of any provision in this act which enacts that an officer of the company who is in default shall be liable to any punishment or penalty, whether by way of imprisonment, fine or otherwise, the expression officer who is in default means all the. The companies act, 1956 company limited by shares articles of association of icds securities limited this articles of association were adopted in substitution for and to the entire exclusion of earlier articles of association at the annual general meeting of the members of the company held on tuesday, the 20 th day of september, 2011.
For transfer of the department of insurance and office of the commissioner on insurance from the department of. These provisions are contained under section 691 and 693 to 6 of the act. Section 299 of companies act, 1956 was independent and was widest in its scope. With the provisions of the companies act, 1956 and schedule xiii or any modification thereto and as may be agreed to by and between the. The research committee of the institute of chartered accountants of india has issued a guidance note on. Are companies required to file compliance certificate required in terms of companies act, 1956 for the financial year ended march 31, 2014. Therefore, the law has provided for the use of common seal, with the name of the company engraved on it, as a substitute for its signature. This is a sample document for use of state government urban local bodies to. Auditor means auditor appointed under section 9 of the companies act. However, if the company files the form 32 on 10th of may, then details in a separate form would be required to be filed in respect of director a. We have discussed section 46 of the companies act, 20 dealing with share certificates earlier here.
The indian companies act, 1956 basic concept the word. The companies act, 20 passed by the parliament has received the assent of the president of india on 29th august, 20. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Any act or acts relating to companies in force before the indian companies act, 1866 and repealed by that act. The 20 act is divided into 29 chapters containing 470 sections as against 658 sections in the companies act, 1956 and has 7 schedules. Companies act 1965 revised 1973 incorporating latest amendment act a1299 2007 first enacted. Content introduction definition characteristics of a company types of company 2. The act contains provisions about companies, directors of the companies, memorandum and articles of associations, etc. Procedures for incorporation and registration of companies. The indian companies act 1956 free pdf ebook cakart. An act to consolidate and amend the law relating to companies and certain other associations. Document containing offer of shares or debentures for sale to be deemed prospectus. Refer the relevant provisions of the companies act, 1956 and rules made there under with respect to. Companies act, 1956 arrangement of sections part i preliminary sectionpage 1.
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