Superiority ofact part ii incorporation and registration of companies 6. Such a characteristic is not brought out by inference alone. For reasons we cannot gather, section 82 today creates two separate classes of proclamations. General law amendment act 50 of 1956 english text signed by the governorgeneral as amended by prisons act 8 of 1959 supreme court act 59 of 1959 general law amendment act 80 of 1964 general law amendment act 70 of 1968. There are direct section link headings to reach exact section quickly in a long bare act page. First notes mca notified certain provisions of the.
This is supplemented by section 174a ipc, which reiterates that a higher punishment may be inflicted upon those declared proclaimed offenders under 82 4. Company auditors and liquidators to be approved by minister charged with responsibility for finance. Section 81 of the companies act 1956 corporate law forum. Kolkata, discusses the restrictions on transferability of shares. Explore the companies act 20 and companies act 1956. Companies act, 1956 1 of 1956 so repealed under section 465 of this act. Construction of references in other acts to companies registered under companies consolidation act 1908 and act of 1963. Section 1866 of the act provides that those companies which are registered under section 12 of sebi act, 1992 and other prescribed companies can take intercorporate loans or deposits exceeding the prescribed limit. What are the restrictions on transferability of shares. There are changes that may be brought into force at a future date. Arrangement of sections section part i preliminary 1.
Section 82 in the companies act, 1956 indian kanoon. Companies act, 1956 and includes any body corporate under a central, state or provincial act. And moreover, the shares of a public company are freely transferable. Riotous assemblies act 17 of 1956 south african government.
Table containing provisions of companies act, 20 as notified up to date and corresponding provisions thereof under companies act, 1956. 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. Thus the member of an incorporated company can dispose of his share by selling them. Companies amendment act 3 of 2011 act to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of. As to the former, they argue that vb rangaraj was wrongly decided because it misinterpreted section 82 of the companies act, and relied on two english judgments that in fact dealt with the power of the board of directors to refuse registration, and not with the ability of. Construction of references in other acts to companies registered under the companies consolidation act, 1908. Amends section 39a of principal act 2 section 39a of the principal act is amended by inserting next after subsection 2 the following 2a section 39 does not prohibit a company from giving. Chapter xix revival and rehabilitation of sick companies. Table containing provisions of companies act, 20 as notified up to 28. Dissolution of companies and removal from register. As we know that the companies act, 20 has now replaced the decades old companies act, 1956 which was amended tons of time.
Procedural checklist for effecting transfer of shares of. Calls on shares of same class to be made on uniform basis section 49. Table containing provisions of companies act, 20 as notified up to date and corresponding provisions thereof under companies act, 1956 s. Substituted for register the charge within the period specified in section 77 by the companies amendment act, 2017, w. Section 82 of the companies act, 1956, specifically provides that the shares or other interest of any member in a company shall be movable property, transferable in the manner provided by the articles of association of the company.
Companies act 2006, section 84 is up to date with all changes known to be in force on or before 09 april 2020. Chapter xviii removal of names of companies from the register of companies. Insight on section 186 of the new companies act, 20. Preference share capital means, with reference to any company limited by shares, whether formed before or after the commencement of this act, that part of the share capital of the company which fulfils both. Companies registered under securities exchange board of india sebi. The companies act, 20 ministry of corporate affairs. You can view a specific section, or view all sections grouped by chapters.
The word transfer is an act of the parties by which title to property is transferred from one person to another. The companies act, 1956 act, the principal legislation regulating all companies in india, specifically provides that the shares of a public company are freely transferable. This post is contributed by vaibhav modi section 4a of the companies act, 1956 the act lays down what institutions shall be regarded as public financial institutions for the purposes of the act. Changes that have been made appear in the content and are referenced with annotations. This is a ready reckoner for the information of stakeholders.
Compensation for occupational injuries and diseases act of. Section 4a2 empowers the central government to specify other institutions as a public financial institution by a gazetted notification. The companies act, 20 rules on the companies act, 20 this feature allows you to view the companies act, 20 section wise or chapterwise. Definitions of holding company, wholly owned subsidiary and group of companies 9. Complete list of sections of companies act, 20 corporate. The shares or other interest of any member in a company shall be movable property, transferable in. The shares or other interest of any member in a company shall be movable property, transferable in the manner provided by the articles of the company. Section 264 consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the registrar. Public financial institutions under section 4a of the.
These sections are updated and extracted from the ebook on the companies act 20 by aubsp. Act on limited liability companies, as consolidated and published in the federal law gazette iii, index no. Chapter xxi part i companies authorised to register under this act. Riotous assemblies act 17 of 1956 legal assistance centre. Part iv arbitration and conciliation act supplementary provisions section 82. Commission referred to in section 82 or the joint commission referred to in section 83, as the case may be. Act structured to facilitate its use in relation to most common type of company. Please refer to the relevant notifications and circulars issued separately. Preference share capital means, with reference to any company limited by shares, whether formed before or after the commencement of this act, that part of the share capital of the company which fulfils both the following requirements, namely. This act may be cited as the companies act, 2011, and shall come into operation on such a date as the minister may, by notice published in the gazette, appoint. Regulatory commission referred to in section 82 or the joint commission referred to in section 83, as the case may be.
Companies act, 20 and 1956 pdf here is the pdf file for companies act, 20 and 1956. Companies act 71 of 2008 english text signed by the president assented to. This clause corresponds to section 82 of the companies act, 1956 and seeks to provide that the shares and debentures are movable property transferable in a manner provided in the articles of a company. Amends section 219 of the companies act 46 of 1926. This section stands repealed pursuant to notification of its corresponding sections under the companies act, 20 vide notification dated 12th september 20. Download the complete list of all sections of companies act 20 in pdf format. The incorporation rule was subsequently applied to public14 and deemed public companies15 as well. Companies act, 1956 bare acts law library advocatekhoj.
The shares or other interest of any member in a company shall be movable property, transferable. Riotous assemblies act 17 of 1956 sa, sections 1618, 19a21 2 any person who contravenes or fails to comply with the provisions of any proclamation or regulation issued under sub section 1 shall be guilty of an offence and liable on conviction to the penalties mentioned in section fifteen. Company to report satisfaction of charge effective from 1st april, 2014 1 a company shall give intimation to the registrar in the prescribed form, of the payment or satisfaction in full of any charge registered under this chapter within a period of thirty days from the date of such payment or satisfaction 4. Full text containing the act, companies act, 1956, with all the sections.
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