Companies Act 2013
Section 74 & 75 Of Companies Act 2013
THE COMPANIES ACT 2013: SECTION 74 & SECTION 75 Preface: In this article we are going to build understanding about Section 74 i.e. Repayment of Deposits and Section 75 i.e. Damages for Fraud. While section 74 of the Companies Act 2013 deals with the repayment of deposits accepted by a company before the commencement of […]
Vaswani Nishtha
December 15, 2023 at 10:57 AM
Section 430 of the Companies Act, 2013: Civil Court Not to Have Jurisdiction
According to Section 430 of the Act, No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which the Tribunal or the Appellate Tribunal is empowered to determine by or under this Act or any other law currently in force. No injunction shall be granted by any court […]
Shree Dashukla
December 15, 2023 at 10:54 AM
Registration of Charges, etc. Under Companies Act, 2013
Section 77 – Duty to Register Charges Registration of charges under the Companies Act has a broad concept. It is important to understand the definition of charges under the act to know the same. Charges are defined as an interest or lien issued on the property or assets of a business or any of its […]
Tanish Karuia
December 15, 2023 at 10:48 AM
Section 272 Of Companies Act 2013: Petition For Winding Up
Winding up is a method to put a company to an end. It is a process where the life of a company comes to an end and its property is administered for the benefit of its creditors and its members. The winding-up of a company differs from the insolvency of an individual. According to section […]
Santanu Ghosh
December 15, 2023 at 10:46 AM
Winding Up Of Unregistered Company Under Section 375 of the Companies Act 2013
Winding up is a process of putting an end to the life of a company. It is a proceeding by means of which a company is dissolved and in the course of such a dissolution its assets are collected. Its debts are paid off out of the assets of company or from the contributions of […]
Shalini Koppula
December 15, 2023 at 10:43 AM
Section 191 Of Companies Act 2013 – Payment To Director For Loss Of Office
One of the most important aspects of corporate governance is contracts with directors. Many corporate failures can be traced back to contracts involving directors that are inconsistent with directors’ fiduciary responsibilities. Payment to directors for loss of office (section 191) – No director of a company shall, in connection with— (a) the transfer of the […]
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Arpita Maharana
December 15, 2023 at 10:41 AM
Section 33B of the Income Tax Act, 1961 – Rehabilitation allowance
Note 1: For the purpose of this section, “industrial undertaking” refers to any undertaking whose primary activity is the generation or distribution of electricity or any other type of power, the construction of ships, the manufacturing or processing of goods, or mining. Section 33B of the Income Tax Act, 1961 provides for rehabilitation allowance in […]
Swagata Pramanik
December 15, 2023 at 10:39 AM
Section 206 Of Companies Act, 2013
As per the provisions of Section 206 of the Companies Act, 2013, the Registrar may require any company to furnish information or explanation or produce any document, if after scrutinizing any document or receiving any information, he feels that such documents are necessary. The Registrar may also inform the company of facts, seek its reply […]
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Aesha Gandhi
December 15, 2023 at 10:36 AM
Section 52 of Companies Act 2013
Section 52 of Companies Act. Application of premiums received on issue of shares. “(1) Where a company issues shares at a premium, whether for cash or otherwise, a sum equal to the aggregate amount of the premium received on those shares shall be transferred to a “securities premium account” and the provisions of this Act […]
Aayush Aman
December 15, 2023 at 10:32 AM
Who Can Be Appointed as a Director Under Section 152?
A company’s Board of Directors appoints a director to manage its affairs under Section 2(34) of the Companies Act, 2013. Directors play a central role in: They also ensure that the company complies with laws, protects shareholder interests, and achieves its business objectives. Section 152 of Companies Act 2013 governs the appointment, tenure, and eligibility […]
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Yashika Thakran
December 15, 2023 at 10:30 AM