Pursuant to sections 331 and 2 of the ihndi companies. Section 79 does not allow employer to regulate leaves. The board or board of directors the board or the board of directors in relation to a company. Transfer of certain sums to capital redemption reserve account 77b prohibition for buyback in certain circumstances. Section 78 in the companies act, 1956 indian kanoon. Particulars of managing director or directors or manager. Qualification of legal practitioners amendment act 78 of 1997. Explore the companies act 20 and companies act 1956. Where a company issues shares at a premium, whether for cash or otherwise, a sum equal to the aggregate amount or value of the premiums on those shares shall be transferred to an account, to be called the share premium account. The act or the said act means the companies act, 1956 and includes any reenactment or statutory modification thereof for the time being in force. When the application for registration together with the regulations are received by the registrar and the application is found correct under section 81 and the regulations are correct under section 79, the object of the association is not contrary to the law or good moral or endangering public order or national security and all particulars contained in the application or in the. Section 297 and 299 of the companies act, 1956 taxguru. Companies act 1956 section 227 citation 11158 bare act.
Jan 19, 20 if the offeree declines the offer then the company has the right to dispose the share in any manner as it think fit for the benefit of the company. An existing company, being a subsidiary of a company incorporated outside india, registered under the 1956 act, either as a private company or a public company by virtue of section 4 7 of the. An existing company, being a subsidiary of a company incorporated outside india, registered under the 1956 act, either as a private company or a public company by virtue of. General insurance business nationalisation act, 1972 as amended by the insurance laws amendment ordinance 2014. Income tax assessment act 1936 sect 78a certain gifts not to be allowable deductions 1 in this section. The entry of an order or decree of support for a spouse or for support and maintenance of a child under the provisions of this chapter or 20107. An act to consolidate and amend the law relating to companies and certain other. To be considered telemedicine under this section, the health care professional must be able to examine the patient via a realtime, interactive audio or video, or both, telecommunications system and the patient must be able to interact with the offsite. Jan 25, 2014 a company means a group of persons associated together for the attainment of a common end, social or economic. Section 81 of the companies act 1956 corporate law forum. Prohibition on forward dealings in securities of company by director or key managerial personnel 1 1 section 194 omitted by the companies amendment act 2017 vide notification no. With acts you are guaranteed the latest and most up to date resource for your legislative needs.
Section 194 of companies act, 20 corporate law reporter. Those who earn the income from interest are exempted as per the rules of section 10 15. Form 32 is filed with the registrar of companies and it indicates the status of the directors. Power to exempt factories chapter ix special provisions 85. Subsection 532 of the construction lien act is habit. Omission of berhad in name of charitable and other companies. A company may issue at a discount shares in the company of a class already issued, if the following conditions are fulfilled, namely. Amendment of section 5 of act 37 of 1953, as amended by section 2 of act of 1966. Companies and allied matters act arrangement of sections part a companies part i corporate affairs commission section 1. Appointment of date of coming into operation section 241 of the ca 2016.
Section 628 in the companies act, 1956 indian kanoon. Acquisition, forming and administration of insurance company or scheme 40b. Mar 18, 2015 the companies act 29 form of articles in the case of other companies. Related party transaction notified related party with reference to a company, means. The belowmentioned table will show the exact details which come under the sheds of this section of the income tax act. This was part of the administrative machinery needed for effecting the purpose of the group areas act of 1950. Section 10 15 the income earned from interest exempt from the tax. The most recent case dealing with subsection 532 is mgi construction corp. Sep 30, 2010 section 299 does not apply to companies incorporated under section 25 of the companies act, 1956, in respect of the cases to which subsections 1 and 3 of the section 297 applies. It was later replaced by the community development act of 1966.
A company means a group of persons associated together for the attainment of a common end, social or economic. Henochsberg on the companies act 71 of 2008 request pdf. Section 299 does not apply to companies incorporated under section 25 of the companies act, 1956, in respect of the cases to which subsections 1 and 3 of the section 297 applies. Effect of alteration of memorandum or articles of company by order under section 397 or 398. Subject to which property has been acquired by company registered in india. Companies act, 1963, section 160 irish statute book. Recently, opposing counsel failed to serve their issued claim within 90 days of issuance, in accordance with subsection 532 of the construction lien act the act. When the application for registration together with the regulations are received by the registrar and the application is found correct under section 81 and the regulations are correct under section 79, the object of the association is not contrary to the law or good moral or endangering public order or national security and all particulars contained in the application or in the regulations. The board or board of directors the board or the board of directors in relation to a company means the board of directors of the company. Income tax assessment act 1936 sect 78a certain gifts. Application of premiums received on issue of shares.
Companies act 1956 all sections list linkedin slideshare. Schedule xiii to the companies acta practical approach view pdf an investors requirements in. In contrast to the vague provision in the companies act 1973, the companies act 2008 clearly sets out the legal status of frss. Thus when a director resigns, and his resignation is accepted by the company, the company becomes obliged to file a form 32 with the roc indicating change in status of the directors. Jan 18, 2014 chapter ii incorporation of company and matters incidental thereto provisions of the companies act, 20. An existing company means a company formed and registered under any of the previous company laws. Change from public to private and from private to public company. If in any return, report, certificate, balance sheet, prospectus, statement or other document required by or for. Be it enacted by parliament in the sixth year of the republic of india as follows 1. This resource is hosted by the nelson mandela centre of memory, but was compiled and authored by padraig omalley. Definitions of company, existing company, private company and public company 4. Section 79 in the companies act, 1956 indian kanoon. Prohibition of registration of company limited by guarantee with a share capital.
Download section 269 of companies act,1956 file in docx format. Clarification on the utilization of credit standing in the. Section 78 3 in the companies act, 1956 3 where a company has, before the commencement of this act, issued any shares at a premium, this section shall apply as if the shares had been issued after the commencement of this act. Jun 12, 2014 related party transaction notified related party with reference to a company, means. Oct 16, 2016 section 79 does not allow employer to regulate leaves. The definition given by the companies act does not define the company clearly as to. In practice, there are few circumstances where a claim, once issued, does not thereafter get served. In such cases, form 32, under the companies act, 1956 comes to aid. See the bold portion and hence the leaves are not regulated by employer but they are given in law. Default in complying with requirements as to private companies. Provided that any part of the premiums which has been so applied that it does not at the commencement of this act.
A company is defined as, a company formed and registered under this act or an existing company. Section 34 corresponding provisions of the english companies act, 2006 section 16 applicability. A company shall not issue shares at a discount except as provided in this section. Section 31i of the companies act, 1956 defines a company as. Acts online provides legislation, including amendments and regulations, in an intuitive, online format. The factories act, 1948 page 3 of page 80 chapter viii annual leave with wages 78. To be considered telemedicine under this section, the health care professional must be able to examine the patient via a realtime, interactive audio or video, or both, telecommunications system and the patient must be able to interact with the offsite health care. India the companies act 1956 sec 25 power to dispense with limited in name of charitable or other company. Section 78 application of premiums received on issue of securities. Particulars of charges created by a company registered in india.
They will be regulations in the form of government notices and. Allows you online search for pdf books ebooks for free downloads in one place. This order shall also include an amount for interest on the arrearage at the. An act to consolidate and amend the law relating to companies and certain other associations. Section 9 effect of registration section 9 is not yet brought to force corresponding provisions of the companies act, 1956. Indicate registrar of companies roc reference number for name approval2. If the offeree declines the offer then the company has the right to dispose the share in any manner as it think fit for the benefit of the company.
Section 299 applies to any contract or arrangement to which a company is party and in which a director is interested. Section 10 exemptions under section 10 of income tax act. Particulars of managing director or directors or manager or. Accepted 225efj016493183 fifth court of appeals dallas, texas 11 september a11. Amendment of section 72 of act 66 of 1965, as amended by section 7 of act 54 of 1970.
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