The central government shall establish a fund, called as investor education and protection fund. Section 264 consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the registrar. Provisions related to producer companies under companies. Attention students applicability of companies act, 1956. A company means a group of persons associated together for the attainment of a common end, social or economic. Be it enacted by parliament in the sixth year of the republic of india as follows. Short title and extent 1 this act may be called the hindu succession act.
Companies disqualification of directors under section 2741g of the companies act, 1956 rules, 2003 view download. As to memorandum and articles of companies limited by guarantee. The companies act, 1956 memorandum of association of the federation of indian mineral industries new delhi limited by guarantee and not having a share capital name 1. Main provisions of companies act 1956 presented by. Companies act, 1956 repealed all earlier companies acts.
Securities contracts regulation act, 1956 42 of 1956 an act to prevent undesirable transactions in securities by regulating the business of dealing therein, 1 by providing for certain other matters connected therewith. Fund means the iepf constituted under section 125 of the act. Section 209 books of account to be kept by company. Provided that the person whose amounts referred to in clauses a to d of subsection 2 of section 205c transferred to investor education and protection fund, after the expiry of the period of seven years as per provisions of the companies act, 1956 1 of 1956, shall be entitled to get refund out of the fund in respect of such claims in. Download section 205c of the companies act, 1956 file in. Protection fund uploading of information regarding unpaid and unclaimed amounts lying with companies rules, 2012 which mandates filing of form 5 inv containing the information of unclaimed and unpaid amounts as referred to in sub section 2 of section 205c of the companies act, 1956. In the process, much of the aforesaid content has been left, to be prescribed, in the rules. Companies act, 1956 bare acts law library advocatekhoj. Sendirian or any abbreviation thereof as part of its name if it does not fulfil the requirements required by this act to be fulfilled by private companies and every corporation and every officer of a corporation who is in default shall be guilty of an offence and shall be liable on. Definitions of company, existing company, private company and public company 4. Associations and partnerships to be registered as companies under act.
These are the companies which are formed and registered under the companies act, 1956 or were registered under any of the earlier companies act. The companies act, 20 has been notified in the official gazette on 30th august, 20. Provisions related to producer companies under companies act, 1956 part ixa of companies act, 1956 part ixa of the companies act, 1956 is not repealed and even though the companies act, 20 is made fully operative, the provisions of this part relating to producer companies, will continue to be operative as part of the. Section 205c establishment of investor education and protection fund. Sec 205c establishment of investor education and protection fund. Section 263a sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc. When such an association of persons is registered under the companies act, it. Companies act with its variations is a stock short title used for legislation in botswana, hong kong, india, malaysia, new zealand, south africa and the united kingdom in relation to company law. Companies act 20 section 125 citation 62508 bare act. Companies act, 1956 based on the recommendations of h. Nonprofit companies, which are the successors to the current. The companies act, 1956 memorandum of association of the.
Attention students applicability of companies act, 1956 and the companies act, 20 for june, 2015 examinations the question papers on the subjects of foundation new syllabus, executive new syllabus, and professional programme old and new syllabus shall carry questions from the. Part ixa of companies act, 1956 income tax department. The reserve bank of india the life insurance corporation the unit trust of india registered companies. Section 31i of the companies act, 1956 defines a company as. Full text containing the act, companies act, 1956, with all the sections, schedules, short title, enactment date, and footnotes. Bhaba committee the biggest of all procedural laws in country was enacted on april 1. Some of the provisions of the act have been implemented by a notification published on 12th september, 20. The pdf file you are about to download is not created by writinglaw. The companies act 20 is an act of the parliament of india on indian company law which. Introductionwhat is company a company is an artificial person created by law. Companies act the companies act is a successor to the indian companies act of 19 and is a consolidation of many successive amendment acts, statutory rules and principles laid down in decisions of. April 2020 edition of my ebook on the companies act, 20 is available for sale from april 1, 2020. Indian companies act 1956 was an act of the parliament of india, enacted in 1956.
Companies act 1956, companies act 20, corporate governance, corporate social. June, 1956 an act to amend and codify the law relating to intestate succession among hindus be it enacted by parliament in the seventh year of the republic of india as follows. Understanding section 205 of the companies act, 20. Provided that the person whose amounts referred to in clauses a to d of subsection 2 of section 205c transferred to investor education and protection fund, after the expiry of the period of seven years as per provisions of the companies act, 1956, shall be entitled to get refund out of the fund in respect of such claims in accordance.
When such an association of persons is registered under the companies act, it becomes an artificial person with perpetual succession and common seal. Provisions of part ix a of the companies act, 1956 shall be applicable mutatis mutandis to a producer company in a manner as if the companies act, 1956 has not been repealed. Ministry or department means ministry or department of the central. The indian companies act, 1956 basic concept the word company. Section 205c establishment of investor education and. An attempt has been made to reduce the content of the substantive portion of the related law in the companies act, 20 as compared to the companies act, 1956 1956 act. If you agree then only proceed to download companies act 20 pdf. Interpretation of person in accordance with whose directions or instructions directors are accustomed to act. Under schedule xiii of the companies act, 1956, part ii, section ii relating to. Fund means the investor education and protection fund iepf established under subsection 1 of 205c of the act, 1956 1 of 1956. Pdf companies act 1956 and 20 pdf download, high quality. Full text containing the act, companies act, 1956, with all the sections, schedules, short. Section 205 in the companies act, 1956 indian kanoon. Office of the registrar of companies central government office building a wing, second floor, next to reserve bank of india, cbd, belapur 400 614 b transfer to the investor education and protection fund consequent upon amendment to section 205a of the 1956 act and introduction of section 205c by the companies amendment act, 1999, the.
These are created by special act of the legislature e. Query on section 205c of the companies act 1956 corporate law. Introduction to companies act 1956 authorstream presentation. The companies act 1956 in india bare acts, banking and insurance, business and corporate, constitutional, consumer laws, criminal law, energy, environmental, family and inheritance, heritage and national importance, immigration law, labor law, the companies act 1956 national security, others, procedural and administration, property related, public utilities, shipping laws, tax laws. Content introduction definition characteristics of a company types of company 2. Explore them by section wise, view them or download them. The act consolidates and amends the law relating to companies. Investor means any person, who has committed money in shares, or debentures, bond or deposits under a scheme or plan of a company registered under the act. Apr 24, 2010 the government has said that under the provisions of section 205c of the companies act, the following amounts are required to be credited to the investor education and protection fund by the companies.
The companies act 20 has 464 sections and 7 schedules. In terms of the new act, companies are classified as either profit companies or nonprofit companies. In these rules, unless the context otherwise requires. Jul 19, 2014 query on section 205c of the companies act 1956 corporate law. Classification on the basis of incorporation statutory companies. The 20 act introduces a new type of entity to the existing list i. Companies act, 1956 1 of 1956 so repealed under section 465 of this act. The name of the company hereinafter called the federation is the federation of indian mineral industries. Pursuant to provisions of section 205a read with section 205c of the companies act, 1956 the unpaid unclaimed dividend pertaining to the year ended on december 31, 2002 amounting to rs. Consequent upon amendment to section 205a of the companies act, 1956 and introduction of section 205c by the companies amendment act, 1999, the company has transferred all unclaimed divided declared till the financial year ended 31st march 2006 to the investor education and protection fund set up by the government of india as per section. The companies act 1956 section 205c establishment of. Investor education and protection under section 205c of the.
The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Companies declaration of beneficial interest in shares rules, 1975 view download. The companies act, 1956 existing act contains 658 sections and xv schedules. Companies act, 1882 6 of 1882, or in table a in the first schedule annexed to the indian companies act, 19 7 of 19, or in table a in schedule i annexed to this act. Power of central government to declare an establishment not to be a branch office. Companies issue of share capital with differential voting rights rules, 2001 view download. Companies act 20 vs companies act 1956 the companies act, 20 has been passed by lok sabha as well as rajya sabha and the president has given his consent to the same in august 20. Section 205c of the companies act 1956 caclubindia. The word company means an association formed by a number of persons for some common object.
Companies act, 1956 means companies act, 1956 without reference to the provisions thereof that have ceased to have effect upon notification of the sections of the companies act, 20 along with the rules made thereunder. Group 1 aarti singh, azhar hussain, jyoti nawlani, nemchand meena, renuka sharma companies act. Subject to the provisions of the act, the board of directors of a company shall be entitled to exercise all such powers, and to do all such acts and things, as the company is authorised to exercise and do. May 29, 2008 section 291 of the companies act, 1956 confers general power on the board of directors. Notwithstanding anything contained in this act or in any other law for the time being in force or in the regulations of the interstate cooperative society, no director of the board, chairman, managing director or any other person entitled to manage the whole or. The fund shall be utilized for promotion of investors awareness and protection of the interests of investors in accordance with such rules as may be prescribed. The act contains the mechanism regarding organizational, financial, and managerial, all the relevant aspects of a company. The companies act audit requirement and other matters. Ebook on companies act 20 in pdf april 2020 edition. Pursuant to the provisions of section 205c of the companies act, 1956, the amount of dividend remaining unclaimed and unpaid for a period of 7 years from the date. A company is defined as a voluntary association of persons formed for the purpose of doing business, having a distinct name and limited liability.
1221 57 1597 1184 168 906 324 397 1651 1641 725 1059 815 1254 1177 887 1100 1625 1637 490 174 1627 828 828 346 924 1229 774 280 1302 474 1017 382 580 1212