|
2(13)
|
Books of account to be kept by company — including cost records.
|
|
2(35)
|
Dividend includes any interim dividend.
|
|
2(43)
|
Free reserves include reserves out of the profits and share premium account but does not include revaluation and amalgamation reserves.
|
|
2(57)
|
Net worth means total of paid-up capital and free reserves after deducting provisions or expenses as may be prescribed.
|
|
2(68) & 2(71)
|
Provisions of minimum paid-up capital not to apply to companies registered under section 8.
|
|
2(46) & 2(87)
|
Meaning of holding company and subsidiary.
|
|
2(49)
|
Interested director not to participate, vote or constitute quorum in board’s proceedings.
|
|
2(65)
|
Passing of resolution by postal ballot.
|
|
2(72)
|
Public Financial Institutions.
|
|
4, 13 & 12
|
Memorandum and its alterations; change of registered office within State to be confirmed by Regional Director and special resolution to be passed, special resolution and confirmation by the Tribunal required for change of registered office to another State; special resolution for alteration of objects clause; registration of alteration within 3 months.
|
|
11
|
Restrictions on commencement of business.
|
|
14
|
Alteration of Articles by special resolution.
|
|
19
|
Subsidiary not to be a member of its holding Co.
|
|
27
|
Terms of contract mentioned in prospectus or statement in lieu of prospectus not to be varied
|
|
29
|
IPO of listed company of ₹ 10 crore or more to be in dematerialised form.
|
|
42
|
Private issues to be treated as Public Issue if the offer is to 50 persons or more.
|
|
39
|
Prohibition of allotment unless minimum subscription received.
|
|
39
|
Return as to allotments — issue of shares for consideration other than cash.
|
|
40
|
Allotment of shares and debentures to be dealt in on Stock Exchange.
|
|
40
|
Power to pay certain commissions and prohibition of payment of all other commissions, discounts, etc.
|
|
43
|
Equity share capital with differential rights.
|
|
51
|
Payment of dividend in proportion to amount paid-up.
|
|
52
|
Applications of premiums received on issue of shares.
|
|
53
|
Power to issue shares at a discount.
|
|
55
|
Power to issue redeemable preference shares.
|
|
56
|
Normal formalities for transfer of shares or debentures.
|
|
61
|
Power of limited company to alter share capital.
|
|
62
|
Further issue of capital.
|
|
64
|
Notice to registrar of consolidation of share capital, conversion of shares into stock, etc.
|
|
64
|
Notice of increase of share capital to members.
|
|
66
|
Special resolution for reduction of share capital and order for confirming such reduction and powers of the court on making such order.
|
|
67
|
Restrictions on purchase by company or loans by company for purchase of its own or Holding company₹s share
|
|
68, 69, 70
|
Purchase by a company of its shares or other specified securities, compliance with conditions in relation thereto and provision for transfer of certain sums to capital redemption reserve account.
|
|
71
|
Debenture trust deed, appointment of debenture.
|
|
71
|
Trustees and creation of Debenture Redemption Reserve.
|
|
2(31), 73, 74, 76
|
Regulation of deposits from Public (also refer rules under this section).
|
|
85
|
Company’s register of charges.
|
|
96
|
Annual general meeting.
|
|
114
|
Ordinary and special resolutions.
|
|
115
|
Special Notice.
|
|
117
|
Registration of certain resolutions and agreements.
|
|
118
|
Minutes of proceedings of general meetings and Board and other meetings.
|
|
118
|
A company not to appoint or employ certain different categories of managerial personnel at the same time.
|
|
123
|
Dividend to be paid only out of profits after charging depreciation. Dividend declared by a Company to be transferred to a separate Bank account within 5 days
|
|
123
|
Unpaid dividend to be transferred initially to a special bank account and thereafter after 7 years to the Investor Education & Protection Fund set up by the Central Government.
|
|
124
|
Conditions for declaration of dividend out of reserves.
|
|
124
|
Payment of unpaid or unclaimed dividend.
|
|
126
|
Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares.
|
|
127
|
Dividend declared by company normally to be paid within 30 days.
|
|
128
|
Books of account to be kept on accrual basis and according to the double entry system of book-keeping.
|
|
129
|
Financial Statement.
|
|
132
|
Constitution of National Advisory Committee for Consultation by Government on Accounting Standards.
|
|
2(2), 129, 133
|
Form and contents of balance sheet and profit and loss account and requirements for complying with Accounting Standards.
|
|
134
|
Authentication of balance sheet and profit and loss account.
|
|
134
|
Profit and loss account to be annexed, and Auditor’s Report to be attached, to balance sheet.
|
|
134
|
Board’s report. It will also include a Directors' responsibility statement.
|
|
137
|
Copies of approved annual accounts to be filed with Registrar.
|
|
139 & 142
|
Appointment and remuneration of auditors.
|
|
140
|
Provisions as to resolutions for appointing or removing auditors.
|
|
141
|
Qualifications and disqualifications of auditors.
|
|
143
|
Powers and duties of auditors.
|
|
143
|
Audit of accounts of branch office of a company.
|
|
145
|
Signature of audit report, etc.
|
|
145
|
Auditor’s report to be read out in general meeting.
|
|
146
|
Auditor’s right to receive communication relating to, and to attend and to speak at, company’s general meeting.
|
|
148
|
Cost audit.
|
|
2(10), 149, 151
|
Minimum number of directors.
|
|
161
|
Additional directors.
|
|
161
|
Appointment and term of office of alternate director.
|
|
164
|
Disqualification of directors.
|
|
165
|
Maximum 15 companies in which a person can be a director.
|
|
166
|
Prohibition of assignment of office by director.
|
|
179
|
General powers of the Board.
|
|
179
|
Certain powers to be exercised by Board only at meeting.
|
|
177
|
Formation of Audit Committee by public company having paid-up capital of not less than‚¹₹ 5 crore.
|
|
180, 181
|
Restrictions on powers of Board and necessity of general meeting consent.
|
|
182
|
Prohibitions and restrictions regarding political contributions.
|
|
183
|
Power of Board or others to make contributions to the National Defence Fund, etc.
|
|
184
|
Disclosure of interest by director.
|
|
185
|
Central Government’s approval required for loans to directors and specified associates.
|
|
186
|
Loans/Guarantees to and investments in other companies to be subject to specified limits.
|
|
187
|
Investments of company to be held in its own name.
|
|
188
|
Related Party Transactions
|
|
189
|
Register of contracts, companies and firms in which directors are interested.
|
|
191
|
Payment to director, etc. for loss of office, etc. in connection with transfer of undertaking, property or shares.
|
|
196
|
Appointment of MD, WTD or Manager
|
|
197
|
Overall maximum managerial remuneration and managerial remuneration in case of absence or in adequacy of profits (also refer Schedule V).
|
|
198
|
Determination of net profits (also refer Schedule V).
|
|
2(94), 203
|
Appointment or reappointment of managing or whole time director to require Government approval in certain cases and every public company or a private company which is a subsidiary of a public company to have a managing or wholetime director or manager if the paid-up share capital is ₹ 5 crore.
|
|
207 & 208
|
Inspection of books of account, etc. of companies by Central Government and SEBI.
|
|
210
|
Investigation of the affairs of a company.
|
|
2(42), 379
|
Certain foreign companies to comply with provisions as Indian companies.
|
|
381
|
Accounts of foreign companies.
|
|
390
|
Offer of Indian Depository Receipts.
|
