What is section 38 in Companies Act 2013?
Section 38 of the Companies Act, 2013: Punishment for personation for acquisition, etc., of securities. (c) otherwise induces directly or indirectly a company to allot, or register any transfer of, securities to him, or to any other person in a fictitious name, shall be liable for action under section 447.
Which is always open to inspection by any person stating in writing to be creditor or contributory of the company on payment of the prescribed fees?
Section 294 (4) of the Act provides that when the accounts of the company have been audited, one copy thereof shall be filed by the Company Liquidator with the Tribunal, and the other copy shall be delivered to the Registrar which shall be open to inspection by any creditor, contributory or person interested.
What are the special provision related to private company?
Features of Private Companies
- No minimum capital required: There was a minimum paid-up share capital requirement of Rs.
- Minimum 2 and maximum 200 members: A private company can have a minimum of just two members (but just one is enough if it a One Person Company), and a maximum of up to 200 members.
What are the sections 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 |
Who can inspect books of accounts of company?
director
As provided in sub-section (3) of Section 128, any director can inspect the books of accounts and other books and papers of the company during business hours. The expression “Books and Papers” has been defined in section 2(12) which includes accounts, deeds, vouchers, writings and documents.
Which section of companies Act 1956 defines guarantee in case of companies limited by guarantee?
Provision as to companies limited by guarantee | Companies Act, 1956 | Bare Acts | Law Library | AdvocateKhoj. Sec 37 – Provision as to companies limited by guarantee.
What is the rules of private company?
A Pvt Ltd Company must have a minimum of two directors and a maximum of fifteen directors. A minimum of two shareholders is required for legal registration of a Pvt Ltd company. A total of two hundred shareholders are acceptable in any Private Limited Company but not more than that.
What is Section 39 of Companies Act 2013?
(1) No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the prospectus as the minimum amount has been subscribed and the sums payable on application for the amount so stated have been paid to and received by the company by cheque or other …
What is page 1 of 332 Companies Act 1956?
COMPANIES ACT, 1956 Page 1 of 332 COMPANIES ACT, 1956 [Act No. 1 OF 1956] PART I : PRELIMINARY Sections 1. Short title, commencement and extent 2. Definitions 2A. Interpretation of certain words and expressions 3. Definitions of “company”, “existing company”, “private company” and “public company” 4.
What are the section 57 and section 58B of Companies Act?
Section 57 Expert to be unconnected with formation or management of company. Section 58 Expert’s consent to issue of prospectus contaning statement by him. Section 58A Deposits not to be invited without issuing an advertisement. Section 58B Provisions relating to prospectus to apply to advertisement.
What are the provisions of Companies Act for a limited company?
Section 37 Provision as to companies limited by Guarantee. Section 38 Effect of alteration in memorandum or articles. Section 39 Copies of memorandum and articles, etc., to be given to members. Section 40 Alteration Of memorandum or articles , etc., to be noted in every copy. Section 42 Membership of holding company.
What are the section 39 and 40 of the Companies Act?
Section 39 Copies of memorandum and articles, etc., to be given to members. Section 40 Alteration Of memorandum or articles , etc., to be noted in every copy. Section 42 Membership of holding company. Section 43 Consequences of default in complying with conditions constituting a company a private company.