Wednesday, July 30, 2008

SECTIONS IN COMPANIES ACT

Part I
Preliminary


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
Meaning of "holding company" and "subsidiary".
4A
Public Financial Institutions.
5
Meaning of "officer who is in default".
6
Meaning of "relative".
7
Interpretation of "person in accordance with whose directions or instructions directors are accustomed to act".
8
Power of Central Government to declare an establishment not to be a branch office.
9
Act to override memorandum, articles, etc.
10
Jurisdiction of Courts.
10A
Omitted.
10B
Omitted.
10C
Omitted.
10D
Omitted.


Part I-A
Board of Company Law administration.
10E
Constitution of Board of Company Law Administration.
10F
Appeals against the orders of the Company Law Board.
10FA
Dissolution of Company Law Board.
10FB
Constitution of National Company Law Tribunal
10FC
Composition of Tribunal
10FD
Qualifications for appointment of President and Members.
10FE
Term of office of President and Members.
10FF
Financial and administrative powers of Member Administration.
10FG
Salary, allowances and other terms and conditions of service of President and other Members.
10FH
Vacancy in Tribunal.
10FI
Resignation of President and Member.
10FJ
Removal and suspension of President or Member.
10FK
Officers and employees of Tribunal
10FL
Benches of Tribunal.
10FM
Order of Tribunal.
10FN
Power to review.
10FO
Delegation of powers.
10FP
Power to seek assistance of Chief Metropolitan Magistrate and District Magistrate.
10FQ
Appeal from order of Tribunal.
10FR
Constitution of Appellate Tribunal.
10FS
Vacancy in Appellate Tribunal, etc.
10FT
Term of office of Chairperson and Members.
10FU
Resignation of Chairperson and Members.
10FV
Removal and suspension of Chairperson and Members of Appellate Tribunal.
10FW
Salary, allowances and other terms and conditions of service of Chairperson and Members.
10FX
Selection Committee.
10FY
Chairperson, etc., to be public servants.
10FZ
Protection of action taken in good faith.
10FZA
Procedure and powers of Tribunal and Appellate Tribunal.
10G
Power to punish for contempt.
10GA
Staff of Appellate. Tribunal.
10GB
Civil court not to have jurisdiction.
10GC
Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings.
10GD
Right to legal representation.
10GE
Limitation.
10GF
Appeal to Supreme Court.


Part II
Incorporation of Company and Matters Incidental thereto.


11
Prohibition of associations and partnerships exceeding certain number.
12
Mode of forming incorporated company.
13
Requirements with respect to memorandum.
14
Form of memorandum.
15
Printing and signature of memorandum.
15A
Special provision as to alteration of memorandum consequent on alteration of name of State of Madras.
15B
Special provision as to alteration of memorandum consequent on alteration of name of State of Mysore.
16
Alteration of memorandum.
17
Special resolution and confirmation by [Company Law Board] required for alteration of memorandum.
17A
Change of registered office within a State
18
Alteration to be registered within three months.
19
Effect of failure to register.
20
Companies not to be registered with undesirable names.
21
Change of name by company.
22
Rectification of name of company.
23
Registration of change of name and effect thereof.
24
Change of name of existing private limited companies.
25
Power to dispense with "Limited" in name of charitable or other company.
26
Articles prescribing regulations.
27
Regulations required in case of unlimited company, company limited by guarantee or private company limited by shares.
28
Adoption and application of Table A in the case of companies limited by shares.
29
Form of articles in the case of other companies.
30
Form and signature of articles.
31
Alteration of articles by special resolution.
32
Registration of unlimited company as limited, etc.
33
Registration of memorandum and articles.
34
Effect of registration.
35
Conclusiveness of certificate of incorporation.
36
Effect of memorandum and articles.
37
Provision as to companies limited by guarantee.
38
Effect of alteration in memorandum or articles.
39
Copies of memorandum and articles, etc., to be given to members.
40
Alteration of memorandum or articles, etc., to be noted in every copy.
41
Definition of "member".
42
Membership of holding company.
43
Consequences of default in complying with conditions constituting a company a private company.
43A
Private company to become public company in certain cases.
44
Prospectus or statement in lieu of prospectus to be filed by private company on ceasing to be private company.
45
Members severally liable for debts where business carried on with fewer than seven, or in the case of a private company, two members.
46
Form of contracts.
47
Bills of exchange and promissory notes.
48
Execution of deeds.
49
Investments of company to be held in its own name.
50
Power for company to have official seal for use outside India.
51
Service of documents on company.
52
Service of documents on Registrar.
53
Service of documents on members by company.
54
Authentication of documents and Proceedings.


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