Companies Act 2013
Offences by Companies in Liquidation (Section 336 of the Companies Act 2013)
Introduction This article discusses the offences by Officers of Companies in Liquidation and the discipline set down under Section 336 of the Companies Act, 2013. This section ensures that the liquidation pattern of the association moves along true to form, and the directors don’t forestall the cycle in that frame of mind by committing offences […]
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Shruti Srivastava
December 18, 2023 at 08:12 AM
Section 221 – Freezing of assets of company on inquiry and investigation.
Freezing of assets of a company on inquiry and investigation defined under Section 221 and 222 of the Indian Companies Act 2013. Mismanagement and scam are quite common in companies. Picking these loopholes isn’t easy for the authority. Thanks to sections 222 and 221, which has been proved quite effective in averting these anomalies. Important […]
##companiesact##company##freezingasset##inquiry##INVESTIGATION
Arpita Maharana
December 18, 2023 at 08:11 AM
SECTION 241 APPLICATION TO TRIBUNAL FOR RELIEF IN CASES OF OPPRESSION, ETC.
01. Any employee who raises a grievance against (Refer to the 2016 National Company Law Tribunal Rules, Rules 81 and 82.) 02. The Central Government may submit its application to the Tribunal for an order under this Chapter if it believes that the company’s business practices are contrary to the public interest (Refer to Rule […]
Akshat Srivastava
December 18, 2023 at 08:09 AM
Powers And Duties Of Company Liquidator (Section 283 & 290)
Chapter XX of the Companies Act, 2013 deals with the Winding-up of the company which is the process of ending a company’s life and administering its assets for the benefit of its members and creditors is known as winding up. An administrator, known as a liquidator, is appointed to take control of the company, collect […]
Akshat Srivastava
December 18, 2023 at 08:08 AM
Section 29 Of Companies Act 2013: Advantage And Process Of Dematerialization Of Securities
“Securities” are those defined in Section 2 clause (h) of the Securities Contracts (Regulation) Act, 1956. (42 of 1956). Shares, scrips, stocks, bonds, debentures, debenture stock, or other marketable securities of a like type in or of any incorporated corporation or other body corporate are defined as “securities.” Physical certificates of securities are changed into […]
Divyanshita Singh
December 18, 2023 at 08:03 AM
Section 366 of Companies Act, 2013: Entities capable of being registered under the Companies act
Chapter XXI of the 2013 Companies Act, which addresses companies authorised to register under this act and establishes the provisions for companies capable of being registered, contains Section 366. The process and conditions for registering a company, as broadly defined in this section, under this part are laid out in this section and the corresponding […]
##companiesact##company##companyregistration##cooperativesociety##partnership##registeredcompanies##society
Harmehak Kaur Anand
December 18, 2023 at 08:00 AM
Section 149 Of Companies Act 2013: Appointment Of Board Of Directors
A board of directors (BoD) is a group of elected individuals who manage the organization and represent the shareholders. A. Minimum and Maximum number of Directors A company must have a minimum number of directors in BoD as per their class: Every company may appoint a maximum of 15 directors and can exceed this limit […]
Harmehak Kaur Anand
December 18, 2023 at 07:57 AM
Section 140 of Companies Act 2013: Removal And Resignation Of Auditor
Procedure for Removal of Auditor before expiry of term [Section 140(1)] The auditor appointed can be removed from his office before the end of his term. The formalities should be strictly followed to remove auditors before the end of their term. In compliance with Rule 7 of the Companies (Audit and Auditors) Rules, 2014, following […]
##companiesact2013##partnership##registration##section 140
Jain Saloni
December 18, 2023 at 07:54 AM
Cost Audit Provisions Under Companies Act 2013 (Section 148)
Section 148 of the Companies Act 2013 specifies the procedure regarding cost audit of specific companies. Inclusion of Cost records Central Government (CG) has the power to direct inclusion of cost records in the books of account of specified class of companies by a written order. Such order by the CG is to be issued […]
Tanish Karuia
December 18, 2023 at 07:52 AM
Section 233 Of Companies Act 2013 – Fast Track Merger Process
This provision suggests a simplified procedure for the merger or amalgamation of two or more companies including small companies, holding and subsidiary companies, and such other classes of companies as may be prescribed. Section 233 of the Companies Act 2013 This provision of The Companies Act, 2013 suggests the concept of the Fast Track Merger […]
#companies act 2013#Fast Track Merger Process#Section 233#Section 233 Of Companies Act 2013
Aryan Mohanty
December 18, 2023 at 07:26 AM