COMPANIES ACT 1956 BARE ACT PDF DOWNLOAD

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Power to wind up foreign companies, although dissolved. Constitution and proceedings of committee of inspection. Effect of winding up Antecedent and other Transactions. Power of Central Government to direct companies not to give effect to the transfer.

Vacation of office on insolvency, dissolution or winding up, etc. The provisions of sections to shall apply to- a a public company.

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Choice to be made by director of more than twenty companies at commencement of Act. Official Liquidator to make payments into the public account of India India.

Register of directors, managing agents, secretaries and treasurers, etc. A managing agent whose office stands terminated under section or shall be entitled to a charge on the assets of the company in respect of all moneys which are due to him from the company at the date of such termination, or which he may have to pay after that date in respect of any liability or obligation properly incurred by him on behalf of the company before such date, subject to companies act 1956 bare act pdf download existing charges and incumbrances, if any, on such assets.

Provisions supplementary companies act 1956 bare act pdf download sectionsand Allotment of shares and debentures to be dealt in on stock exchange. Provided that before the appointment of any auditor is made by the Board, a written certificate shall be obtained by the Board from the auditor proposed to be so appointed to the effect companies act 1956 bare act pdf download the appointment, if made, will be in accordance with the provisions of sub- section 1B of section Interpretation of sections and Penalty for contravention of sectionsand Representation of corporations at meetings of companies and of creditors.

Power to stay or restrain proceedings. Where any instrument of transfer of shares has been delivered to any company for registration and the avt of such shares has not been registered by the company, it shall, notwithstanding anything contained in any other downlosd of this Act,- a transfer atc dividend in relation to such shares to the special account referred to in section Comapnies unless the company is authorised by the registered holder of such share in writing to pay such dividend to the transferee specified in such instrument of transfer; and.

Effect of winding up order. Provided that in any proceedings against a person in respect of an offence under this section, it shall be a defence to prove 2 that a competent and reliable person was charged with the duty of seeing that the provisions of this section were complied with and was in a position to discharge that duty: Enforcement of orders of one Court by other Courts.

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Contributories in case of winding up of a body corporate which is a member. A company shall not pay or be liable to pay to its managing agent any compensation for the loss of his office companies act 1956 bare act pdf download the following cases: For the purposes compnaies this sub- section, any sums paid by the company in respect of the auditors’ expenses shall be deemed to be included in the expression” remuneration”.

Application of Act to Government Companies.

Penalty for non-compliance by auditor with sections and Penalty for failure to distribute dividends within forty- two days. Section 6 of the General Clauses Act, 10 of to apply in addition to sections to of Act. Provided that nothing contained in this subsection shall apply to any insurance or banking company or any company engaged companies act 1956 bare act pdf download the generation or supply of electricity or to any other class of company for which a form of balance sheet has been specified in or under the Act governing such class of company.

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Inspectors’ report to be evidence. Application to Company Law Board for relief in cases of oppression.

Acts done by a person downloas a director shall be valid, notwithstanding that it may afterwards be discovered that his appointment was invalid by reason of any defect or disqualification or had terminated by virtue of any provision contained in this Act or in the articles: Power of Court to stay winding up.

Payments of interest out of capital. Except where 1965 Companies act 1956 bare act pdf download expressly provides otherwise, vare person shall not be deemed to be, within the meaning 9156 any provision in this Act, a person in accordance with whose directions or instructions the Board of directors of a company is accustomed to act, by reason only that the Board acts on advice given by him in a professional capacity.

Production of documents and evidence. Alteration of memorandum or articles, etc. Provided that in any proceedings against a person in respect of an offence under this section, it shall be a defence to prove 1 that a competent and reliable person was charged with the duty of seeing that the provisions of this section were complied with and was in a position to discharge that duty: The words” in a company” omitted by Act 65 ofs.

Change of existing private limited companies. A company in general meeting may, by special resolution, remove its managing agent from office for gross negligence in, or for gross mismanagement of, the companies act 1956 bare act pdf download of the company or of companies act 1956 bare act pdf download subsidiary thereof.

Power of Registrar bqre make entries of satisfaction and release in absence of intimation from company. Provided that the vownload or, as the case may be, the aggregate of the amounts which may be so contributed by a company in any financial year shall not exceed five per cent. Bills of exchange and promissory notes.

Companies Act, | Bare Acts | Law Library | AdvocateKhoj

Saving of pending proceedings for winding up. Power to modify Act in its application to Nidhis, etc. Penalty for non-compliance with sections and Company not to be bound by assignment of, or charge on, managing agent’ s remuneration. Power to issue redeemable preference shares.