Preview

Company Act

Good Essays
Open Document
Open Document
216395 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Company Act
The Companies Act, 1956
Sec 1 Short title, and commencement (1) This Act may be called the Companies (Amendment) Act, 2000. (2) The provisions of this Act, other than sections 7 and 75, shall come into force at once and sections 7 and 75 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. Sec 2 Definitions

In this Act, unless the context otherwise requires, (1) "abridged prospectus" means a memorandum containing such salient features of a prospectus as may be prescribed; (1A) " alter " and " alteration " shall include the making of additions and omissions ; (2) " articles " means the articles of association of a company as originally framed or as altered from time to time in pursuance of any previous companies law or of this Act, including, so far as they apply to the company, the regulations contained, as the case may be, in Table B in the Schedule annexed to Act No. 19 of 1857 or in Table A in the First Schedule annexed to the Indian Companies Act, 1882 (6 of 1882), or in Table A in the First Schedule annexed to the Indian Companies Act, 1913 (7 of 1913), or in Table A in Schedule I annexed to this Act ; [(3) ****] Omitted by the Companies (Amendment) Act, 2000 [(4) ****] Omitted by the Companies (Amendment) Act, 2000 (5) " banking company " has the same meaning as in the Banking Companies Act, 1949 (10 of 1949) ; (6) " Board of directors " or " Board ", in relation to a company, means the Board of directors of the company ; (7) " body corporate " or " corporation " includes a company incorporated outside India but does not include (a) a corporation sole ; (b) a co-operative society registered under any law relating to co-operative societies ; and (c) any other body corporate (not being a company as defined in this Act), which the Central Government may, by notification in the Official Gazette, specify in this behalf ; (8) " book and paper " and " book or paper " include accounts, deeds,

You May Also Find These Documents Helpful

  • Powerful Essays

    Plato and Aristotle were both titans of Greek thought during the fourth century BCE Athens, and both shared similar experience and…

    • 1133 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    company law

    • 1675 Words
    • 6 Pages

    Issue: the issue about company’s constitution and whether the loan contract between ABC bank and Sambal Pty Ltd is invalid.…

    • 1675 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Company Law

    • 1138 Words
    • 5 Pages

    (a) The legal issue is can Delusions of Grandeur Ltd increases the dividend rate for preference shareholders from 7 per cent to 10 per cent immediately?…

    • 1138 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Beowulf is a notable piece of literature not only because it is the earliest vernacular of English literature, but because it, similarly to the Odyssey, is a wonderful adventure story containing many tropes succeeding fantasy stories would later employ.…

    • 593 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Company Law

    • 1858 Words
    • 8 Pages

    Consider comparative advantages and disadvantages of each form of association in the light of facts given.…

    • 1858 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    The Students’ Answers in this document are for the questions in the below textbook (which can be borrowed in Beanland Library):…

    • 41100 Words
    • 141 Pages
    Powerful Essays
  • Powerful Essays

    Factory Act

    • 922 Words
    • 4 Pages

    Dean Mills - The Doubling Room 1851 (ZPER 34/19) In 1833 the Government passed a Factory Act to improve conditions for children working in factories. Young children were working very long hours in workplaces where conditions were often terrible. The basic act was as follows:…

    • 922 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Company Law

    • 2193 Words
    • 9 Pages

    Facts: Mick, Keith, Charlie, Bill and Brian were directors and equal shareholder of Big Lips Music Pty Ltd. Brian resigned his directorship as a result of differences with Mick, Keith, Bill and Charlie. The others wanted to get rid of Brian as a shareholder. However, Brian told them that he would never sell his shares in Big Lips Music. A general meeting of Big Lips Music’s shareholders is called at which there is a motion to insert a new clause in the company’s constitution that gives Mick, Keith, Bill and Charlie the right to compulsorily acquire Brian’s shares for their issue price. What is the process for inserting a new clause in the company’s constitution? Can Brian prevent the new clause being inserted even thought the others shareholders passed a special resolution that that effect? Required:  Student 1 ‐ Advise the other shareholders of Big Lips Music (the Plaintiffs) what is the process for inserting this new clause in the company’s constitution. If they insert this new clause can they acquire Brian’s shares for the issue price?  Student 2 ‐ Advise Brian (the Defendant) whether he can prevent the new clause being inserted by the other shareholders and if so how? If he can not prevent it will he have to sell his shares for their issue price? Parties The Majority  Mick – Director and shareholder  Keith – Director and shareholder  Charlie – Director and shareholder  Bill – Director and shareholder The Minority  Brian – Shareholder Issues…

    • 2193 Words
    • 9 Pages
    Good Essays
  • Good Essays

    Company Law Assignment 1

    • 1434 Words
    • 5 Pages

    Sarah, Jane and their employees of a company are separate legal entity to the Sarah Jane Pty Ltd therefore, it allows Sarah, Jane and employees to have contracts with their own company.…

    • 1434 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Company Policy

    • 3843 Words
    • 16 Pages

    Due in Week Nine: Write 3 to 4 paragraphs giving a bottom-line summary of the specific measureable goals and objectives of the security plan, which can be implemented to define optimal security architecture for the selected business scenario.…

    • 3843 Words
    • 16 Pages
    Powerful Essays
  • Best Essays

    In this article you will get to know about 3 top competitive luxury brands, Louis Vuitton, Chanel and Gucci.…

    • 4457 Words
    • 18 Pages
    Best Essays
  • Powerful Essays

    Company Law

    • 3323 Words
    • 14 Pages

    The information revolution and the advances in technology during the past decades has brought to fore many challenges and issues to both governments and businesses, the age-old crime of espionage or the practice of spying to gather secret information is one the most potential issues facing information-based societies. Although, much has been documented as fact and fiction concerning the traditional foreign agents and spies, in today 's world of multi-national, multi-billion dollar corporations, and industrial espionage is a growing danger. Furthermore, this is aggravated by the fact that many large businesses are physically disseminated which has distributed management and administration, and more job specialization.…

    • 3323 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    The Joint Stock Companies Act 1844, which enabled companies to be formed by "deed of settlement" and the Limited Liability Act 1855, established a general incorporation procedure which offered limited liability to shareholders and gave recognition to the company as a separate legal persona. By the Joint Stock Companies Act 1856, the deed was replaced with today's style of constitution, namely the registration of the Memorandum of Association and the Articles of Association. The contents of these are now regulated under the Companies Act 1985, and form the "constitution" of the company. It is from the original 1844 Act that the wording was adopted for s.14 of the Companies Act 1985 which makes reference to the contractual nature of the memorandum and articles between the company and its shareholders.…

    • 2603 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Company Law

    • 10169 Words
    • 41 Pages

    Page 1 of 43 THE REPUBLIC OF UGANDA THE COMPANIES ACT COMPANY LIMITED BY GUARANTEE, AND NOT HAVING A SHARE CAPITAL MEMORANDUM AND ARTICLES OF ASSOCIATION OF AUSTRALIA ALUMNI ASSOCIATION OF UGANDA (A3-U) LIMITED Incorporated this……...day of June 2012 Page 2 of 43 THE REPUBLIC OF UGANDA THE COMPANIES ACT COMPANY LIMITED BY GUARANTEE, AND NOT HAVING A SHARE CAPITAL MEMORANDUM OF ASSOCIATION OF AUSTRALIA ALUMNI ASSOCIATION OF UGANDA (A3-U) LIMITED…

    • 10169 Words
    • 41 Pages
    Powerful Essays
  • Good Essays

    company law

    • 469 Words
    • 2 Pages

    secondly, even if the articles are not altered, it is unlikely that they give H an…

    • 469 Words
    • 2 Pages
    Good Essays