Act - 2013/1956

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Act - 2013/1956Act - 2013/1956

CompaniesAct.in: Legal Sphere

Act - 2013/1956
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Chapter I - Preliminary (1 - 2)

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Section 1- Short title, extent, commencement and application.

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Section 2 - Definitions

Chapter II - Incorporation of Company and Matters Incidental Thereto (3 - 22)

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Section 3- Formation of company.

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Section 3A - Members severally liable in certain cases

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Section 4- Memorandum.

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Section 5- Articles.

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Section 6- Act to override memorandum, articles, etc.

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Section 7- Incorporation of company.

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Section 8- Formation of companies with charitable objects, etc.

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Section 9- Effect of registration.

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Section 10- Effect of memorandum and articles.

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Section 10A- Commencement of business, etc.

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Section 11- Commencement of business, etc. [Omitted]

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Section 12- Registered office of company.

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Section 13- Alteration of memorandum.

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Section 14- Alteration of articles.

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Section 15- Alteration of memorandum and articles to be noted in every copy.

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Section 16- Rectification of name of company.

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Section 17- Copies of memorandum, articles, etc., to be given to members.

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Section 18- Conversion of companies already registered.

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Section 19- Subsidiary company not to hold shares in its holding company.

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Section 20- Service of documents.

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Section 21- Authentication of documents, proceedings and contracts.

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Section 22- Execution of bills of exchange, etc.

Chapter III - Prospectus and Allotment of Securities (23 - 42)

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Section 23- Public offer and private placement.

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Section 24- Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.

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Section 25- Document containing offer of securities for sale to be deemed prospectus.

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Section 26- Matters to be stated in prospectus.

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Section 27- Variation in terms of contract or objects in prospectus.

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Section 28- Offer of sale of shares by certain members of a company.

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Section 29- Public offer of securities to be in dematerialised form.

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Section 30- Advertisement of prospectus.

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Section 31- Shelf prospectus.

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Section 32- Red herring prospectus.

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Section 33- Issue of application forms for securities.

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Section 34- Criminal liability for mis-statements in prospectus.

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Section 35- Civil liability for mis-statements in prospectus.

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Section 36- Punishment for fraudulently inducing persons to invest money.

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Section 37- Action by affected persons.

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Section 38- Punishment for personation for acquisition, etc., of securities.

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Section 39- Allotment of securities by company.

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Section 40- Securities to be dealt with in stock exchanges.

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Section 41- Global Depository Receipt.

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Section 42 - Issue of shares on private placement basis.

Chapter IV - Share Capital and Debentures (43 - 72)

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Section 43- Kinds of share capital.

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Section 44- Nature of shares or debentures.

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Section 45- Numbering of shares.

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Section 46- Certificate of shares.

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Section 47- Voting rights.

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Section 48- Variation of shareholders' rights.

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Section 49- Calls on shares of same class to be made on uniform basis.

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Section 50- Company to accept unpaid share capital, although not called up.

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Section 51- Payment of dividend in proportion to amount paid-up.

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Section 52- Application of premiums received on issue of shares.

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Section 53- Prohibition on issue of shares at discount.

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Section 54- Issue of sweat equity shares.

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Section 55- Issue and redemption of preference share.

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Section 56- Transfer and transmission of securities.

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Section 57- Punishment for personation of shareholder.

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Section 58- Refusal of registration and appeal against refusal.

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Section 59- Rectification of register of members.

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Section 60- Publication of authorised, subscribed and paid-up capital.

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Section 61- Power of limited company to alter its share capital.

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Section 62- Further issue of share capital.

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Section 63- Issue of bonus shares.

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Section 64- Notice to be given to Registrar for alteration of share capital.

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Section 65- Unlimited company to provide for reserve share capital on conversion into limited company.

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Section 66- Reduction of Share Capital

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Section 67- Restrictions on purchase by company or giving of loans by it for purchase of its shares.

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Section 68- Power of company to purchase its own securities.

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Section 69- Transfer of certain sums to capital redemption reserve account.

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Section 70- Prohibition for buy-back in certain circumstances.

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Section 71- Debentures.

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Section 72- Power to nominate.

Chapter V - Acceptance of Deposits by Companies (73 - 76)

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Section 73- Prohibition on acceptance of deposits from public.

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Section 74- Repayment of deposits, etc., accepted before commencement of this Act.

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Section 75- Damages for fraud.

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Section 76- Acceptance of deposits from public by certain companies.

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Section 76A - Punishment for contravention of section 73 or section 76.

Chapter VI - Registration of Charges (77 - 87)

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Section 77- Duty to register charges, etc.

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Section 78- Application for registration of charge.

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Section 79- Section 77 to apply in certain matters.

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Section 80- Date of notice of charge.

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Section 81- Register of charges to be kept by Registrar.

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Section 82- Company to report satisfaction of charge.

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Section 83- Power of Registrar to make entries of satisfaction and release in absence of intimation from company.

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Section 84- Intimation of appointment of receiver or manager.

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Section 85- Company's register of charges.

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Section 86- Punishment for contravention.

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Section 87- Rectification by Central Government in Register of charges.

Chapter VII - Management and Administration (88 - 122)

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Section 88- Register of members, etc.

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Section 89- Declaration in respect of beneficial interest in any share.

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Section 90- Register of significant beneficial owners in a company.

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Section 91- Power to close register of members or debenture holders or other security holders.

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Section 92- Annual return.

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Section 93- Return to be filed with Registrar in case promoters' stake changes. [Omitted]

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Section 94- Place of keeping and inspection of registers, returns, etc.

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Section 95- Registers, etc., to be evidence.

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Section 96- Annual general meeting.

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Section 97 - Power of Tribunal to call annual general meeting.

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Section 98- Power of Tribunal to call meetings of members, etc.

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Section 99- Punishment for default in complying with provisions of sections 96 to 98.

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Section 100- Calling of extraordinary general meeting.

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Section 101- Notice of meeting.

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Section 102- Statement to be annexed to notice.

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Section 103- Quorum for meetings.

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Section 104- Chairman of meetings.

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Section 105- Proxies.

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Section 106- Restriction on voting rights.

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Section 107- Voting by show of hands.

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Section 108- Voting through electronic means.

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Section 109- Demand for poll.

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Section 110- Postal ballot.

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Section 111- Circulation of members' resolution.

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Section 112- Representation of President and Governors in meetings.

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Section 113- Representation of corporations at meeting of companies and of creditors.

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Section 114- Ordinary and special resolutions.

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Section 115- Resolutions requiring special notice.

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Section 116- Resolutions passed at adjourned meeting.

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Section 117- Resolutions and agreements to be filed.

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Section 118- Minutes of proceedings of general meeting, meeting of Board of directors and other meeting and resolutions passed by postal ballot.

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Section 119- Inspection of minute-book of general meeting.

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Section 120- Maintenance and inspection of documents in electronic form.

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Section 121- Report on annual general meeting.

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Section 122- Applicability of this Chapter to One Person Company.

Chapter VIII - Declaration and Payment of Dividend (123 - 127)

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Section 123- Declaration of dividend.

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Section 124- Unpaid dividend account.

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Section 125- Investor Education and Protection Fund.

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Section 126- Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares.

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Section 127- Punishment for failure to distribute dividends.

Chapter IX - Accounts of Companies (128 - 138)

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Section 128- Books of account, etc., to be kept by company.

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Section 129- Financial statement.

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Section 129A- Periodical financial results.

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Section 130- Re-opening of accounts on Court's or Tribunal's orders.

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Section 131- Voluntary revision of financial statements or Board’s report.

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Section 132- Constitution of National Financial Reporting Authority.

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Section 133- Central Government to prescribe accounting standards.

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Section 134- Financial Statement, Board's report, etc.

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Section 135- Corporate Social Responsibility.

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Section 136- Right of member to copies of audited financial statement.

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Section 137- Copy of financial statement to be filed with Registrar.

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Section 138- Internal Audit.

Chapter X - Audit and Auditors (139 - 148)

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Section 139- Appointment of auditors.

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Section 140- Removal, resignation of auditor and giving of special notice.

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Section 141- Eligibility, qualifications and disqualifications of auditors.

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Section 142- Remuneration of auditors.

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Section 143- Powers and duties of auditors and auditing standards.

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Section 144- Auditor not to render certain services.

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Section 145- Auditors to sign audit reports, etc.

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Section 146- Auditors to attend general meeting.

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Section 147- Punishment for contravention.

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Section 148- Central Government to specify audit of items of cost in respect of certain companies.

Chapter XI - Appointment and Qualifications of Directors (149 - 172)

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Section 149- Company to have Board of directors.

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Section 150- Manner of selection of independent directors and maintenance of data bank of independent directors.

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Section 151- Appointment of director elected by small shareholders.

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Section 152- Appointment of directors.

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Section 153- Application for allotment of Director Identification Number.

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Section 154 - Allotment of Director Identification Number.

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Section 155- Prohibition to obtain more than one Director Identification Number.

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Section 156- Director to intimate Director Identification Number.

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Section 157- Company to inform Director Identification Number to Registrar.

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Section 158- Obligation to indicate Director Identification Number.

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Section 159- Penalty for default of certain provisions.

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Section 160- Right of persons other than retiring directors to stand for directorship.

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Section 161- Appointment of additional director, alternate director and nominee director.

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Section 162- Appointment of directors to be voted individually.

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Section 163- Option to adopt principle of proportional representation for appointment of directors.

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Section 164- Disqualifications for appointment of director.

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Section 165- Number of directorships.

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Section 166- Duties of directors.

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Section 167- Vacation of office of director.

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Section 168- Resignation of director.

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Section 169- Removal of directors.

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Section 170- Register of directors and key managerial personnel and their shareholding.

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Section 171- Members' right to inspect.

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Section 172- Penalty.

Chapter XII - Meetings of Board and its Powers (173 - 195)

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Section 173- Meetings of Board.

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Section 174- Quorum for meetings of Board.

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Section 175- Passing of resolution by circulation.

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Section 176- Defects in appointment of directors not to invalidate actions taken.

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Section 177- Audit committee.

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Section 178- Nomination and remuneration committee and stakholders relationship committee.

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Section 179- Powers of Board.

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Section 180- Restrictions on powers of Board.

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Section 181- Company to contribute to bona fide and charitable funds, etc.

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Section 182- Prohibitions and restrictions regarding political contributions.

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Section 183- Power of Board and other persons to make contributions to national defence fund, etc.

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Section 184- Disclosure of interest by director.

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Section 185- Loan to directors, etc.

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Section 186- Loan and investment by company.

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Section 187- Investments of company to be held in its own name.

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Section 188- Related party transactions.

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Section 189- Register of contracts or arrangements in which directors are interested.

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Section 190- Contract of employment with managing or whole-time directors.

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Section 191- Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares.

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Section 192- Restriction on non-cash transactions involving directors.

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Section 193- Contract by One Person Company.

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Section 194- Prohibition on forward dealings in securities of company by director or key managerial personnel..

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Section 195- Prohibition on insider trading of securities.

Chapter XIII - Appointment and Remuneration of Managerial Personnel (196 - 205)

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Section 196- Appointment of managing director, whole-time director or manager.

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Section 197- Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits.

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Section 198- Calculation of profits.

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Section 199- Recovery of Remuneration in certain cases.

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Section 200- Central Government or a company to fix a limit with regard to remuneration.

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Section 201- Forms of, and procedure in relation to, certain applications.

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Section 202- Compensation for loss of office of managing or whole-time director or manager.

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Section 203- Appointment of key managerial personnel.

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Section 204- Secretarial Audit for bigger companies.

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Section 205- Functions of the Company Secretary.

Chapter XIV - Inspection, Inquiry and Investigation (206 - 229)

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Section 206- Power to call for information, inspect books and conduct inquiries.

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Section 207- Conduct of inspection and inquiry.

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Section 208- Report on inspection made.

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Section 209- Search and seizure.

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Section 210- Investigation into affairs of company.

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Section 211- Establishment of Serious Fraud Investigation Office.

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Section 212- Investigation into affairs of company by Serious Fraud Investigation Office.

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Section 213- Investigation into company's affairs in other cases.

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Section 214- Security for payment of costs and expenses of investigation.

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Section 215- Firm, body corporate or association not to be appointed as inspector.

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Section 216- Investigation of ownership of company.

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Section 217- Procedure, powers, etc., of inspectors.

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Section 218- Protection of employees during investigation.

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Section 219- Power of inspectors to conduct investigation into affairs of related companies, etc.

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Section 220- Seizure of documents by inspector.

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Section 221- Freezing of assets of a company on an inquiry and investigation.

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Section 222- Imposition of restrictions upon securities.

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Section 223- Inspector's report.

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Section 224- Actions to be taken in pursuance of inspector's report.

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Section 225- Expenses of investigation.

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Section 226- Voluntary winding up of company, etc., not to stop investigation proceedings.

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Section 227- Legal advisers and bankers not to disclose certain information.

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Section 228- Investigation, etc., of foreign companies.

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Section 229- Penalty for furnishing false statement, mutilation, destruction of documents.

Chapter XV - Compromises, Arrangements and Amalgamations (230 - 240)

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Section 230- Power to compromise or make arrangements with creditors and members.

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Section 231- Power of Tribunal to enforce compromise or arrangement.

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Section 232- Merger and amalgamation of companies.

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Section 233- Merger or amalgamation of certain companies.

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Section 234- Merger or amalgamation of company with foreign company.

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Section 235- Power to acquire shares of shareholders dissenting from scheme or contract approved by majority.

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Section 236- Purchase of minority shareholding.

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Section 237- Power of Central Government to provide for amalgamation of companies in public interest.

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Section 238- Registration of offer of schemes involving transfer of shares.

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Section 239- Preservation of books and papers of amalgamated companies.

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Section 240- Liability of officers in respect of offences committed prior to merger, amalgamation, etc.

Chapter XVI - Prevention of Oppression and Mismanagement (241 - 246)

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Section 241- Application to Tribunal for relief in cases of oppression, etc.

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Section 242- Powers of Tribunal.

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Section 243. Consequence of termination or modifications of certain agreements.

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Section 244- Right to apply under section 241.

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Section 245- Class action.

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Section 246- Application of certain provisions to proceedings under section 241 or section 245.

Chapter XVII - Registered Valuers (247)

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Section 247- Valuation by registered valuers.

Chapter XVIII - Removal of Name of companies from the Register of Companies (248 - 252)

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Section 248- Power of Registrar to remove names of a company from register of companies.

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Section 249- Restriction on making application under section 248 in certain situations.

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Section 250- Effect of a company notified as dissolved.

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Section 251- Fraudulent application for removal of name.

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Section 252- Appeal to Tribunal.

Chapter XIX - Revival and Rehabilitation of Sick Companies (253 - 269)

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Section 253- Determination of sickness. [Omitted]

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Section 254- Application for revival and rehabilitation. [Omitted]

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Section 255- Exclusion of certain time in computing period of limitation. [Omitted]

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Section 256- Appointment of interim administrator. [Omitted]

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Section 257- Committee of creditors. [Omitted]

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Section 258- Order of Tribunal. [Omitted]

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Section 259- Appointment of administrator. [Omitted]

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Section 260- Powers and duties of company administrator. [Omitted]

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Section 261- Scheme of revival and rehabilitation. [Omitted]

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Section 262- Sanction of scheme. [Omitted]

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Section 263- Scheme to be binding. [Omitted]

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Section 264- Implementation of the scheme. [Omitted]

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Section 265- Winding up of company on report of company administrator. [Omitted]

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Section 266- Power of Tribunal to assess damages against delinquent directors, etc. [Omitted]

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Section 267- Punishment for certain offences. [Omitted]

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Section 268- Bar of jurisdiction. [Omitted]

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Section 269- Rehabilitation and Insolvency Fund. [Omitted]

Chapter XX - Winding Up (270 - 365)

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Section 270- Winding up by Tribunal.

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Section 271- Circumstances in which a company may be wound up by Tribunal.

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Section 272- Petition for winding up.

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Section 273- Powers of Tribunal.

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Section 274- Directions for filing statement of affairs.

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Section 275- Company Liquidators and their appointments.

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Section 276- Removal and replacement of liquidator.

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Section 277- Intimation to Company Liquidator, provisional liquidator and Registrar.

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Section 278- Effect of winding up order.

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Section 279- Stay of suits, etc., on winding up order.

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Section 280- Jurisdiction of Tribunal.

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Section 281- Submission of report by Company Liquidator.

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Section 282- Directions of Tribunal on report of Company Liquidator.

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Section 283- Custody of company's properties.

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Section 284- Promoters directors etc. to co-operate with Company Liquidator.

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Section 285- Settlement of list of contributories and application of assets.

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Section 286- Obligations of directors and managers.

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Section 287- Advisory Committee.

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Section 288- Submission of periodical reports to Tribunal.

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Section 289- Power of Tribunal on application for stay of winding up. [Omitted]

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Section 290- Powers and duties of Company Liquidator.

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Section 291- Provision for professional assistance to Company Liquidator.

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Section 292- Exercise and control of Company Liquidator’s powers.

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Section 293- Books to be kept by Company Liquidator.

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Section 294- Audit of Company Liquidator's accounts.

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Section 295- Payment of debts by contributory and extent of set-off.

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Section 296- Power of Tribunal to make calls.

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Section 297- Adjustment of rights of contributories.

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Section 298- Power to order costs.

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Section 299- Power to summon persons suspected of having property of company, etc.

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Section 300- Power to order examination of promoters, directors, etc.

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Section 301- Arrest of person trying to leave India or abscond.

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Section 302- Dissolution of company by Tribunal.

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Section 303- Appeals from orders made before commencement of Act.

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Section 304- Circumstances in which company may be wound up voluntarily. [Omitted]

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Section 305- Declaration of solvency in case of proposal to wind up voluntarily. [Omitted]

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Section 306- Meeting of creditors. [Omitted]

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Section 307- Publication of resolution to wind up voluntarily. [Omitted]

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Section 308- Commencement of voluntary windingup. [Omitted]

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Section 309- Effect of voluntary winding up. [Omitted]

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Section 310- Appointment of Company Liquidator. [Omitted]

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Section 311- Power to remove and fill vacancy of Company Liquidator. [Omitted]

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Section 312- Notice of appointment of Company Liquidator to be given to Registrar. [Omitted]

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Section 313- Cesser of Board's powers on appointment of Company Liquidator. [Omitted]

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Section 314- Powers and duties of Company Liquidator in voluntary winding up. [Omitted]

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Section 315- Appointment of committees. [Omitted]

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Section 316- Company Liquidator to submit report on progress of winding up. [Omitted]

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Section 317- Report of Company Liquidator to Tribunal for examination of persons. [Omitted]

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Section 318- Final meeting and dissolution of company. [Omitted]

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Section 319- Power of Company Liquidator to accept shares, etc., as consideration for sale of property of company. [Omitted]

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Section 320- Distribution of property of company. [Omitted]

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Section 321- Arrangement when binding on company and creditors. [Omitted]

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Section 322- Power to apply to Tribunal to have questions determined, etc. [Omitted]

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Section 323- Costs of voluntary winding up. [Omitted]

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Section 324- Debts of all description to be admitted to proof.

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Section 325- Application of insolvency rules in winding up of insolvent companies. [Omitted]

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Section 326- Overriding preferential payments.

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Section 327- Preferential payments.

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Section 328- Fraudulent preference.

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Section 329- Transfers not in good faith to be void.

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Section 330- Certain transfers to be void.

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Section 331- Liabilities and rights of certain persons fraudulently preferred.

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Section 332- Effect of floating charge.

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Section 333- Disclaimer of onerous property.

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Section 334- Transfers, etc., after commencement of winding up to be void.

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Section 335- Certain attachments, executions, etc., in winding up by Tribunal to be void.

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Section 336- Offences by officers of companies in liquidation.

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Section 337- Penalty for frauds by officers.

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Section 338- Liability where proper accounts not kept.

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Section 339- Liability for fraudulent conduct of business.

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Section 340- Power of Tribunal to assess damages against delinquent directors, etc.

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Section 341- Liability under sections 339 and 340 to extend to partners or directors in firms or companies.

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Section 342- Prosecution of delinquent officers and members of company.

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Section 343- Company Liquidator to exercise certain powers subject to sanction.

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Section 344- Statement that a company is in liquidation.

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Section 345- Books and papers of company to be evidence.

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Section 346- Inspection of books and papers by creditors and contributories.

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Section 347- Disposal of books and papers of company.

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Section 348- Information as to pending liquidations.

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Section 349- Official Liquidator to make payments into public account of India.

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Section 350- Company Liquidator to deposit monies into scheduled bank.

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Section 351- Liquidator not to deposit monies into private banking account.

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Section 352- Company Liquidation Dividend and Undistributed Assets Account.

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Section 353- Liquidator to make returns, etc.

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Section 354- Meetings to ascertain wishes of creditors or contributories.

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Section 355- Courts, Tribunal or person, etc., before whom affidavit may be sworn.

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Section 356- Powers of Tribunal to declare dissolution of company void.

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Section 357- Commencement of winding up by Tribunal.

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Section 358- Exclusion of certain time in computing period of limitation.

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Section 359- Appointment of Official Liquidator.

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Section 360- Powers and functions of Official Liquidator.

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Section 361- Summary procedure for liquidation.

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Section 362- Sale of assets and recovery of debts due to company.

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Section 363- Settlement of claims of creditors by Official Liquidator.

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Section 364- Appeal by creditor.

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Section 365- Order of dissolution of company.

Chapter XXI - Companies Authorised to Register Under This Act & Winding Up of Unregistered Companies (366 - 378)

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Section 366- Companies capable of being registered.

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Section 367- Certificate of registration of existing companies.

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Section 368- Vesting of property on registration.

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Section 369- Saving for existing liabilities.

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Section 370- Continuation of pending legal proceedings.

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Section 371- Effect of registration under this Part.

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Section 372- Power of Court to stay or restrain proceedings.

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Section 373- Suits stayed on winding up order.

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Section 374- Obligations of companies registering under this Part.

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Section 375- Winding up of unregistered companies.

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Section 376- Power to wind up foreign companies although dissolved.

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Section 377- Provisions of Chapter cumulative.

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Section 378- Saving and construction of enactments conferring power to wind up partnership, association or company in certain cases.

Chapter XXIA - Producer Companies (378A - 378ZU)

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Section 378A- Definitions.

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Section 378B- Objects of Producer Company.

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Section 378C- Formation of Producer Company and its registration.

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Section 378D- Membership and voting rights of Members of Producer Company.

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Section 378E- Benefits to Members.

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Section 378F- Memorandum of Producer Company.

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Section 378G- Articles of association.

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Section 378H- Amendment of memorandum.

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Section 378I- Amendment of articles.

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Section 378J- Option to inter-State co-operative societies to become Producer Companies.

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Section 378K- Effect of incorporation of Producer Company.

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Section 378L- Vesting of undertaking in Producer Company.

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Section 378M- Concession, etc., to be deemed to have been granted to Producer Company.

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Section 378N- Provisions in respect of officers and other employees of inter-State co-opertive society.

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Section 378O- Number of directors.

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Section 378P- Appointment of directors.

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Section 378Q- Vacation of office by directors.

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Section 378R- Powers and functions of Board.

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Section 378S- Matters to be transacted at general meeting.

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Section 378T- Liability of directors.

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Section 378U- Committee of directors.

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Section 378V- Meetings of Board and quorum.

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Section 378X- Secreatry of Producer Company.

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Section 378X- Secreatry of Producer Company.

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Section 378Y- Quorum.

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Section 378Z- Voting rights.

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Section 378ZA- Annual general meetings.

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Section 378ZB- Share capital.

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Section 378ZC- Special user rights.

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Section 378ZD- Transferability of shares and attendant rights.

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Section 378ZE- Books of account.

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Section 378ZF- Internal audit.

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Section 378ZG- Duties of auditor under this Chapter.

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Section 378ZH- Donation or subscription by Producer Company.

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Section 378ZI- General and other reserves.

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Section 378ZJ- Issue of bonus shares.

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Section 378ZK- Loan, etc., to Members.

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Section 378ZL- Investment in other companies, formation of subsidiaries, etc.

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Section 378ZM- Penalty for contravention.

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Section 378ZN- Amalgamation, merger or division, etc., to form new Producer Companies.

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Section 378ZO- Disputes.

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Section 378ZP- Strike off name of Produecer Company.

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Section 378ZQ- Provisions of this Chapter to override other laws.

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Section 378ZR- Application of provisions relating to private companies.

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Section 378ZS- Re-conversion of Producer Company to inter-State co-operative society.

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Section 378ZT- Power to modify Act in its application to Producer Companies.

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Section 378ZU- Power to make rules

Chapter XXII - Companies Incorporated Outside India (379- 393)

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Section 379- Application of Act to foreign companies.

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Section 380- Documents, etc., to be delivered to Registrar by foreign companies.

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Section 381- Accounts of foreign company.

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Section 382- Display of name, etc., of foreign company.

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Section 383- Service on foreign company.

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Section 384- Debentures, annual return, registration of charges, books of account and their inspection.

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Section 385- Fee for registration of documents.

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Section 386- Interpretation.

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Section 387- Dating of prospectus and particulars to be contained therein.

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Section 388- Provisions as to expert's consent and allotment.

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Section 389- Registration of prospectus.

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Section 390- Offer of Indian Depository Receipts.

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Section 391- Application of sections 34 to 36 and Chapter XX.

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Section 392- Punishment for contravention.

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Section 393- Company's failure to comply with provisions of this Chapter not to affect validity of contracts, etc.

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Section 393A- Exemptions under this Chapter.

Chapter XXIII - Government Companies (394 - 395)

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Section 394- Annual reports on Government companies.

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Section 395- Annual reports where one or more State Governments are members of companies.

Chapter XXIV - Registration offices and fees (396 - 404)

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Section 396- Registration offices.

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Section 397- Admissibility of certain documents as evidence.

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Section 398- Provisions relating to filing of applications, documents, inspection, etc., in electronic form.

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Section 399- Inspection, production and evidence of documents kept by Registrar.

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Section 400- Electronic form to be exclusive, alternative or in addition to physical form.

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Section 401- Provision of value added services through electronic form.

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Section 402- Application of provisions of Information Technology Act, 2000.

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Section 403- Fee for filing, etc.

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Section 404- Fees, etc., to be credited into public account.

Chapter XXV - Companies to Furnish Information or Statistics (405)

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Section 405- Power of Central Government to direct companies to furnish information or statistics.

Chapter XXVI - Nidhis (406)

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Section 406- Provision relating to Nidhis and its application, etc.

Chapter XXVII - National Company Law Tribunal and Appellate Tribunal (407 - 434)

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Section 407- Definitions.

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Section 408- Constitution of National Company Law Tribunal.

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Section 409- Qualification of President and Members of Tribunal.

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Section 410- Constitution of Appellate Tribunal

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Section 411- Qualification of Chairperson and Members of Appellate Tribunal.

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Section 412- Selection of Members of Tribunal and Appellate Tribunal.

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Section 413- Term of office of President, Chairperson and other Members.

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Section 414- Salary, allowances and other terms and conditions of service of Members.

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Section 415- Acting President and Chairperson of Tribunal and Appellate Tribunal.

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Section 416- Resignation of Members.

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Section 417- Removal of Members.

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Section 417A - Qualifications, terms and conditions of service of Chairperson and Member. [Newly Inserted]

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Section 418- Staff of Tribunal and Appellate Tribunal.

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Section 418A- Benches of Appellate Tribunal.

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Section 419- Benches of Tribunal.

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Section 420- Orders of Tribunal.

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Section 421- Appeal from orders of Tribunal

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Section 422- Expeditious disposal by Tribunal and Appellate Tribunal.

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Section 423- Appeal to Supreme Court.

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Section 424- Procedure before Tribunal and Appellate Tribunal.

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Section 425- Power to punish for contempt.

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Section 426- Delegation of powers.

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Section 427- President, Members, officers, etc., to be public servants.

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Section 428- Protection of action taken in good faith.

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Section 429- Power to seek assistance of Chief Metropolitan Magistrate, etc.

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Section 430- Civil court not to have jurisdiction.

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Section 431- Vacancy in Tribunal and Appellate Tribunal not to invalidate acts or proceedings.

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Section 432- Right to legal representation.

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Section 433- Limitation.

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Section 434- Transfer of certain pending proceedings.

Chapter XXVIII - Special Courts (435 - 446)

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Section 435- Establishment of special courts.

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Section 436- Offences triable by special courts.

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Section 437- Appeal and revision.

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Section 438- Application of Code to proceedings before a special court.

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Section 439- Offences to be non-cognizable.

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Section 440- Transitional provisions.

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Section 441- Compounding of certain offences.

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Section 442- Mediation and Conciliation Panel.

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Section 443- Power of Central Government to appoint company prosecutors.

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Section 444- Appeal against acquittal.

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Section 445- Compensation for accusation without reasonable cause.

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Section 446- Application of fines.

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Section 446A - Factors for determining level of punishment. [Newly Inserted]

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Section 446B - Lesser penalties for One Person Companies or small companies. [Newly Inserted]

Chapter XXIX - Miscellaneous (447 - 470)

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Section 447- Punishment for fraud.

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Section 448- Punishment for false statements.

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Section 449- Punishment for false evidence.

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Section 450- Punishment where no specific penalty or punishment is provided.

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Section 451- Punishment in case of repeated default.

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Section 452- Punishment for wrongful withholding of property.

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Section 453- Punishment for improper use of "Limited" or "Private Limited".

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Section 454- Adjudication of penalties.

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Section 454A- Penalty for repeated default.

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Section 455- Dormant company.

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Section 456- Protection of action taken in good faith.

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Section 457- Non-disclosure of information in certain cases.

CompaniesAct.in

Section 458- Delegation by Central Government of its powers and functions.

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Section 459- Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications.

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Section 460- Condonation of delay in certain cases.

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Section 461- Annual report by Central Government.

CompaniesAct.in

Section 462- Power to exempt a class or classes of companies from provisions of this Act.

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Section 463- Power of Court to grant relief in certain cases

CompaniesAct.in

Section 464- Prohibition of association or partnership of persons exceeding certain number.

CompaniesAct.in

Section 465- Repeal of certain enactments and savings.

CompaniesAct.in

Section 466- Dissolution of Company Law Board and consequential provisions.

CompaniesAct.in

Section 467- Power of Central Government to amend Schedules.

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Section 468- Power of Central Government to make rules relating to winding up.

CompaniesAct.in

Section 469- Power of Central Government to make rules.

CompaniesAct.in

Section 470- Power to remove difficulties.

Schedule

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Companies Act 2013/1956

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