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the removal of doubts, it is hereby declared that the issue of further, redeemable (2) An application for fast track corporate insolvency resolution process may be made in respect of the following , namely:—, (a) a corporate debtor with assets and income below a level as may be notified by the Central Government; or, (b) a corporate debtor with such class of creditors or such amount of debt as may be notified by the Central Government; or. The Act came into force on 12 September 2013 with only 98 provisions of the Act notified. (1) A corporate insolvency resolution process carried out in accordance with this Chapter shall be called as fast track corporate insolvency resolution process. the. no such shares shall be redeemed unless they are fully paid; (c) The regulations are to be provided by the Securities and Exchange Board of India for any class or classes of companies that may file a shelf prospectus at the stage of the first offer of securities to the registrar. shall, not for infrastructure projects, subject to the redemption of such percentage of 0000044124 00000 n
Companies Act 2013 in PDF – October 2020 Edition, Last date Extended for Cost Audit Report CRA-4 for FY 2019-20, Disclose web-link of Annual Return in Board’s Report, MCA extends time limit to hold AGM for FY 2019-20 Till Dec 2020, Companies (Acceptance of Deposits) Rules 2014 [Updated], CA Inter Result Date Nov 2020 | CA IPCC Nov 2020 Result, Advanced ICITSS – IT Test – Home Based Mode Oct 2020, ICAI Extended Validity of Registration for One Year, Download GST eBook in PDF October 2020 Edition, Income Tax Return Section 139 of Income Tax Act, Section 5A of Income tax Act: Apportionment of Income, Section 5 of Income tax Act: Scope of total income, Section 4 of Income tax Act: Charge of Income-tax, Section 3 of Income tax Act: Previous Year, Section 1 Income Tax Act: Short title, extent and commencement, Complete list of sections of Income Tax Act, 1961-2020, Faceless Appeal Scheme 2020 and Directions.
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The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company. An Act to consolidate and amend the law relating to companies. shares as. 0000030275 00000 n
The 2013 Act is divided into 29 chapters containing 470 sections as against 658 Sections in the Companies Act, 1956 and has 7 schedules. 0000042645 00000 n
in a case not falling under sub-clause (i) above, the premium, if any, that a company may issue preference shares for a period exceeding twenty, years account, before such shares are redeemed.
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You may click here to get latest updated and amended digital book on the Companies Act 2013 with Rules in PDF format and click here for corporate law in amazon Kindle format. 0000008340 00000 n
The Act came into force on 12 September 2013 with few changes like earlier private companies maximum number of members were 50 and now it will be 200. 0000003696 00000 n
the commencement date of section 52 is 1-4-2014.
companys any AUBSP » Corporate Law » Provisions of Section 52 of Companies Act 2013. For on the issue of such further redeemable preference shares, the unredeemed Chapter II Incorporation of Company and Matters Incidental thereto, Chapter III Part - I Prospectus and Allotment of Securities, Chapter III Part - II The Companies (Private Placement), Chapter V Acceptance of Deposits by Companies, Chapter VII Management and Administration, Chapter VIII Declaration and Payment of Dividend, Chapter XI Appointment and Qualifications of Directors, Chapter XII Meetings of Board and its Powers, Chapter XIII Appointment and Remuneration of Managerial Personnel, Chapter XIV Inspection, Inquiry and Investigation, Chapter XV Compromises, Arrangements and Amalgamations, Chapter XVI Prevention of Oppression and Mismanagement, Chapter XVIII Removal of Names of Companies From the Register of Companies, Chapter XIX Revival and Rehabilitation of Sick Companies, Chapter XXI Part I - Companies Authorised to Register Under this Act, Chapter XXI Part II - Winding Up of Unregistered Companies, Chapter XXII Companies Incorporated Outside India, Chapter XXIV Registration Offices and Fees, Chapter XXV Companies to Furnish Information or Statistics, Chapter XXVII National Company Law Tribunal and Appellate Tribunal. 0000043020 00000 n
(a) towards the issue of unissued shares of the company to the members of the company as fully paid bonus shares; (b) in writing off the preliminary expenses of the company; (c) in writing off the expenses of, or the commission paid or discount allowed on, any issue of shares or debentures of the company; (d) in providing for the premium payable on the redemption of any redeemable preference shares or of any debentures of the company; or, (e) for the purchase of its own shares or other securities under, (a) in paying up unissued equity shares of the company to be issued to members of the company as fully paid bonus shares; or, (b) in writing off the expenses of or the commission paid or discount allowed on any issue of equity shares of the company; or, (c) for the purchase of its own shares or other securities under. 0000042270 00000 n
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The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company. made by it in this behalf, issue further redeemable preference shares equal to 1. 0000009618 00000 n
Download all sections of the Companies Act 2013 in PDF. startxref
The capital redemption reserve account may, notwithstanding anything in this, section, no such shares shall be redeemed except out of the profits of the company, which [2][3] A total of another 184 sections came into force from 1 April 2014. 0000000016 00000 n
Indian Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, sets out the responsibilities of companies, their executive director and secretaries and also provides for the procedures for its winding.
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hereinafter, referred shall be deemed to have been redeemed: Provided The act very first time in the history of Indian company law has defined company secretary as a Key managerial personnel of the Company.
the purposes of sub-section (2), the term infrastructure projects. 0000046548 00000 n
Section 55 of the Companies Act, 2013 (the Act) prescribes that a company shall not issue an irredeemable preference shares.
Amended and updated notes on section 52 of Companies Act 2013. also that premium, if any, payable on redemption of any preference, shares The power to invest funds of the company is derived by Board under section 179 of the Act. Section 247: Chapter XVIII Removal of Names of Companies From the Register of …
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Today, we learn the provisions of section 52 of Companies Act 2013 read with the Companies (Share Capital and Debentures) Rules, 2014. 0000046203 00000 n
The Act has replaced The Companies Act, 1956 after receiving the assent of the President of India on 29 August 2013. Minister of Corporate Affairs, Nirmala Sitharaman introduced The Companies (Amendment) Bill, 2020. 0000046627 00000 n
Chapter IV (Sections 43–72) of the Companies Act, 2013 (CA 2013) deals with the provisions related to share capital and debentures.Section 52 of CA 2013 provides for application of premiums received on issue of shares.. 0000005690 00000 n
which are liable to be redeemed within a period not exceeding twenty years from The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company.
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