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TypeBare Act JurisdictionCentral Government

Companies Act, 1956

Complete Act - all sections

~43 min read
https://sooperkanoon.com/act/133313

Bare act · Research

About this act

Companies Act, 1956 is Central state legislation published on SooperKanoon in full. Use this page to read the bare act and jump to judgments that cite it.

Research copy - verify against official government publications before filing or court use.

Act Text

Preamble1 - Companies Act, 1956
Section1 - Short title, commencement and extent
Section2 - Definitions: In this Act, unless the context otherwise requires,- [
Section2A - Interpretation of certain words and expressions: [. Words and expressions used and not defined in this Act but defined
Section3 - Definitions of "Company", "existing company", "private company" and public company"
Section4 - Meaning of "holding company" and "subsidiary"
Section4A - Public financial institutions
Section5 - Meaning of "officer who is in default: For the purpose of any provision in this Act which enacts that an officer of the
Section6 - Meaning of "relative".: A person shall be deemed to be a relative of another if, and only if,
Section7 - Interpretation of "person in accordance with whose directions or instructions directors are accustomed to act": Except
Section8 - Power of Central Government to declare an establishment not to be a branch office: The Central Government may, by
Section9 - Act to override memorandum, articles, etc: Save as otherwise expressly provided in the Act
Section10 - Jurisdiction of Courts
Section10A - Constitution of Tribunal: [Omitted by the
Section10B - Procedure of Tribunal: [Omitted by the
Section10C - Powers of Tribunal: [Omitted by the
Section10D - Appeals against decisions, etc., of the Tribunal: [Omitted by the
Section10E - Constitution of Board of Company Law Administration
Section10F - Appeals against the orders of the Company Law Board: Any person aggrieved by any decision or order ["made before the
Section10G - Power to punish for contempt: The Appellate Tribunal shall have the same jurisdiction, powers and authority in respect
Part2 - : INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO:
Section11 - Prohibition of associations and partnerships exceeding certain number
Section12 - Mode of forming incorporated company
Section13 - Requirements with respect to memorandum
Section14 - Form of memorandum: The memorandum of association of a company shall be in such one of the Forms in Tables B, C, D and
Section15 - Printing and signature of memorandum: The memorandum shall
Section15A - Special provision as to alteration of memorandum consequent on alteration of name of State of Madras: [. Where, in the
Section15B - Special provision as to alteration of memorandum consequent on alteration of name of State of Mysore: [ Where, in the
Section16 - Alteration of memorandum
Section17 - Special resolution and confirmation by Central Government required for alteration of memorandum
Section17A - Change of registered office within a State
Section18 - Alteration to be registered within three months
Section19 - Effect of failure to register
Section20 - Companies not to be registered with undesirable names
Section21 - Change of name by company: A company may, by special resolution and with the approval of the Central Government
Section22 - Rectification of name of company
Section23 - Registration of change of name and effect thereof
Section24 - Change of name of existing private limited companies
Section25 - Power to dispense with "Limited" in name of charitable or other company*
Section26 - Articles prescribing regulations: There may in the case of a public company limited by shares, and there shall in the
Section27 - Regulations required in case of unlimited company, company limited by guarantee or private company limited by shares
Section28 - Adoption and application of Table A in the case of companies limited by shares
Section29 - Form of articles in the case of other companies: The articles of association of any company, not being a company
Section30 - Form and signature of articles: Articles shall
Section31 - Alteration of articles by special resolution
Section32 - Registration of unlimited company as limited, etc
Section33 - Registration of memorandum and articles
Section34 - Effect of registration
Section35 - Conclusiveness of certificate of Incorporation: A certificate of incorporation given by the Registrar in respect of any
Section36 - Effect of memorandum and articles
Section37 - Provision as to companies limited by guarantee
Section38 - Effect of alteration in memorandum or articles: Notwithstanding anything in the memorandum or articles of a company, no
Section39 - Copies of memorandum and articles, etc., to be given to members
Section40 - Alteration of memorandum or articles, etc., to be noted in every copy
Section41 - Definition of "member"
Section42 - Membership of holding company
Section43 - Consequences of default in complying with conditions constituting a company a private company: Where the articles of a
Section43A - Private company to become public company in certain cases: [ [
Section44 - Prospectus or statement in lieu of prospectus to be filed by private company on ceasing to be private company
Section45 - Members severally liable for debts where business carried on with fewer than seven, or in the case of a private
Section46 - Form of contracts
Section47 - Bills of exchange and promissory notes: A bill of exchange, hundi or promissory note shall be deemed to have been made,
Section48 - Execution of deeds
Section49 - Investments of company to be held in its own name
Section50 - Power for company to have official seal for use outside India
Section51 - Service of documents on company: A document may be served on a company or an officer thereof by sending it to the
Section52 - Service of documents on Registrar: A document may be served on a Registrar by sending it to him at his office by post
Section53 - Service of documents on members by company
Section54 - Authentication of documents and proceedings: Save as otherwise expressly provided in this Act, a document or proceeding
Section55 - Dating of prospectus: A prospectus issued by or on behalf of a company or in relation to an intended company shall be
Section56 - Matters to be stated and reports to be set out in prospectus
Section57 - Expert to be unconnected with formation or management of company: A prospectus inviting persons to subscribe for shares
Section58 - Expert's consent to issue of prospectus containing statement by him: A prospectus inviting persons to subscribe for
Section58A - Deposits not to be invited without issuing an advertisement: [
Section59 - Penalty and interpretation
Section60 - Registration of prospectus
Section60A - Shelf prospectus
Section60B - Information memorandum
Section61 - Terms of contract mentioned in prospectus or statement in lieu of prospectus, not to be varied: A company shall not, at
Section62 - Civil liability for mis-statements in prospectus
Section63 - Criminal liability for mis-statements in prospectus
Section64 - Document containing offer of shares or debentures for sale to be deemed prospectus
Section65 - Interpretation of provisions relating to prospectuses
Section66 - Newspaper advertisements of prospectus: Where any prospectus is published as a newspaper advertisement, it shall not be
Section67 - Construction of references to offering shares or debentures to the public, etc
Section68 - Penalty for fraudulently inducing persons to invest money: Any person who, either by knowingly or recklessly making any
Section68A - Personation for acquisition, etc., of shares
Section68B - Initial offer of securities to be in dematerialized form in certain cases: [ Notwithstanding anything contained in any
Section69 - Prohibition of allotment unless minimum subscription received
Section70 - Prohibition of allotment in certain cases unless statement in lieu of prospectus delivered to Registrar: Mentioned in
Section71 - Effect of irregular allotment
Section72 - Applications for, and allotment of, shares and debentures
Section73 - Allotment of shares and debentures to be dealt in on stock exchange: [ [***] [***] [
Section74 - Manner of reckoning fifth, eighth and tenth days in sections 72 and 73: In reckoning for the purposes of
Section75 - Return as to allotments
Section76 - Power to pay certain commissions and prohibition of payment of all other commissioner discount, etc
Section77 - Restrictions on purchase by company, or loans by company for purchase, of its own or its holding company's shares
Section77A - [Power of company to purchase its own securities
Section77B - Prohibition for buy-back in certain circumstances
Section78 - Application of premiums received on issue of shares
Section79 - Power to issue shares at a discount
Section79A - Issue of sweat equity shares
Section80 - Power to issue redeemable preference shares
Section80A - Redemption of Irredeemable preference shares, etc: [
Section81 - Further issue of capital
Section82 - Nature of shares 77
Section83 - Numbering of shares: [ Each share in a company having a share capital shall be distinguished by its appropriate number
Section84 - Certificate of shares: [
Section85 - Two kinds of share capital
Section86 - New issues of share capital to be only of two kinds: [The share capital of a company limited by shares shall be of two
Section87 - Voting rights
Section88 - Prohibition of issue of shares with disproportionate rights: [Omitted by the Companies
Section89 - Termination of disproportionately excessive voting rights in existing companies
Section90 - Savings
Section91 - Calls on shares of same class to be made on uniform basis: Where after the commencement of this Act, any calls for
Section92 - Power of company to accept unpaid share capital, although not called up
Section93 - Payment of dividend in proportion to amount paid-up: A company may, if so authorised by its articles, pay dividends in
Section94 - Power of limited company to alter its share capital
Section94A - Share capital to stand Increased where an order is made under section 81
Section95 - Notice to Registrar of consolidation of share capital, conversion of shares into stock, etc
Section96 - Effect of conversion of shares into stock: Where a company having a share capital has converted any of its shares into
Section97 - Notice of increase of share capital or of members
Section98 - Power of unlimited company to provide for reserve share capital on re-registration: An unlimited company having a share
Section99 - Reserve liability of limited company: A limited company may, by special resolution, determine that any portion of its
Section100 - Special resolution for reduction of share capital
Section101 - Application to Court for confirming order, objections by creditors, and settlement of list of objecting creditors
Section102 - Order confirming reduction and powers of Court on making such order
Section103 - Registration of order and minute of reduction
Section104 - Liability of members in respect of reduced shares
Section105 - Penalty for concealing name of creditor, etc: If any officer of the company- he shall be punishable with imprisonment
Section106 - Alteration of rights of holders of special classes of shares: [ Where the share capital of a company is divided into
Section107 - Rights of dissentient shareholders
Section108 - Transfer not to be registered except on production of Instrument of transfer
Section108A - Restriction on acquisition of certain shares: [
Section108B - Restriction on transfer of shares
Section108C - Restriction on the transfer of shares of foreign companies: No body corporate or bodies corporate under the same
Section108E - Time within which refusal to be communicated: Every request made to the Central Government for according its approval
Section108F - Nothing in sections 108A to 108D to apply to Government companies, etc: Nothing contained in
Section108G - Applicability of the provisions of sections 108A to 108F: The provisions of
Section108H - Construction of certain expressions used in sections 108A to 108G: The expressions "group", "same management",
Section108I - Penalty for acquisition or transfer of share in contravention of sections 108 to 108D
Section109 - Transfer by legal representative: A transfer of the share or other interest in a company of a deceased member thereof
Section109A - Nomination of shares
Section109B - Transmission of shares
Section110 - Application for transfer
Section111 - Power to refuse registration and appeal against refusal
Section111A - Rectification of register on transfer
Section112 - Certification of transfers
Section113 - Limitation of time for issue of certificates
Section114 - Issue and effect of share warrants to bearer
Section115 - Share Warrants and entries in register of members
Section116 - Penalty for personation of shareholder: If any person deceitfully personates an owner of any share or interest in a
Section117 - Debentures with voting rights not to be issued hereafter: No company shall, after the commencement of this Act, issue
Section117A - Debenture trust deed
Section117B - Appointment of debenture trustees and duties of debenture trustees
Section117C - Liability of company to create security and debenture redemption reserve
Section118 - Right to obtain copies of and inspect trust deed
Section119 - Liability of trustees for debenture holders
Section120 - Perpetual debentures: A condition contained in any debentures or in any deed for securing any debentures, whether
Section121 - Power to re-issue redeemed debentures in certain cases
Section122 - Specific performance of contract to subscribe for debentures: A contract with a company to take up and pay for any
Section123 - Payments of certain debts out of assets subject to floating charge in priority to claims under the charge
Part5 - : REGISTRATION OF CHARGES:
Section124 - "Charge" to include mortgage in this Part: In this Part, the expression "charge" includes a mortgage
Section125 - Certain charges to be void against liquidator or creditors unless registered
Section126 - Date of notice of charge: Where any charge on any property of a company required to be registered under
Section127 - Registration of charges on properties acquired subject to charge
Section128 - Particulars in case of series of debentures entitling holders pari passu: Where a series of debentures containing, or
Section129 - Particulars in case of commission, etc., on debentures: Where any commission, allowance or discount has been paid or
Section130 - Register of charges to be kept by Registrar: [
Section131 - Index to register of charges: The Registrar shall keep a chronological index, in the prescribed form and with the
Section132 - Certificate of registration: The Registrar shall give a certificate under his hand of the registration of any charge
Section133 - Endorsement of certificate of registration on debenture or certificate of debenture stock
Section134 - Duty of company as regards registration and right of interested party
Section135 - Provisions of Part to apply to modification of charges: Whenever the terms or conditions, or the extent or operation,
Section136 - Copy of instrument creating charge to be kept by company at registered office: Every company shall cause a copy of
Section137 - Entry in register of charges of appointment of receiver or manager
Section138 - Company to report satisfaction and procedure thereafter
Section139 - Power of registrar to make entries of satisfaction and release in absence of intimation from company: The Registrar
Section140 - Copy of memorandum of satisfaction to be furnished to company: Where the Registrar enters a memorandum of satisfaction
Section141 - Rectification by Central Government of register of charges
Section142 - Penalties
Section143 - Company's register of charges
Section144 - Right to inspect copies of instruments creating charges and company's register of charges
Section145 - Application of Part to charges requiring registration under it but not under previous law: In respect of [any charge
Section146 - Registered office of company
Section147 - Publication of name by company
Section148 - Publication of authorized as well as subscribed and paid-up capital
Section149 - Restrictions on commencement of business
Section150 - Register of members
Section151 - Index of members
Section152 - Register and index of debenture holders
Section152A - Register and index of beneficial owners: [The register and index of beneficial owners maintained by a depository under
Section153 - Trusts not to be entered on register: No notice of any trust, express, implied or constructive, shall be entered on the
Section153A - Appointment of public trustee: [
Section153B - Declaration as to shares and debentures held in trust
Section154 - Power to close register of members or debenture holders
Section155 - Power of Court to rectify register of members: [Omitted by the Companies
Section156 - Notice to registrar of rectification of register: [Omitted by the Companies
Section157 - Power for company to keep foreign register of members or debenture holders
Section158 - Provisions as to foreign registers
Section159 - Annual return to be made by company having a share capital
Section160 - Annual return to be made by company not having a share capital
Section161 - Further provisions regarding annual return and certificate to be annexed thereto
Section162 - Penalty and Interpretation
Section163 - Place of keeping, and inspection of, registers and returns
Section164 - Registers, etc., to be evidence: The register of members, the register of debenture holders, and the annual returns,
Section165 - Statutory meeting and statutory report 43 of company
Section166 - Annual general meeting: [
Section167 - Power of Central Government to call annual general meeting
Section168 - Penalty for default in complying with section 166 or 167: If default is made in holding a meeting of the company in
Section169 - Calling of extraordinary general meeting on requisition
Section170 - Sections 171 to 186 to apply to meetings
Section171 - Length of notice for calling meeting
Section172 - Contents and manner of service of notice and persons on whom it is to be served
Section173 - Explanatory statement to be annexed to notice
Section174 - Quoram for meeting
Section175 - Chairman of meeting
Section176 - Proxies
Section177 - voting to be by show of hands in first instance: At any general meeting, a resolution put to the vote of the meeting
Section178 - Chairman's declaration of result of voting by show of hands to be conclusive: A declaration by the chairman in
Section179 - Demand for pool
Section180 - Time of taking poll
Section181 - Restriction on exercise of voting right of members who have not paid calls, etc.: Notwithstanding anything contained in
Section183 - Right of member to use his votes differently: On a poll taken at a meeting of a company, a member entitled to more than
Section184 - Scrutineers at poll
Section185 - Manner of taking poll and result thereof
Section186 - Power of Tribunal to order meeting to be called
Section187 - Representation of corporations at meetings of companies and of creditors
Section187A - (Representation of the President and Governors in meetings of companies of which they are members
Section187B - Exercise of voting rights in respect of shares held in trust
Section187C - (Declaration by persons not holding beneficial interest in any share
Section187D - {Investigation of beneficial ownership of shares in certain cases: Where it appears to the Central Government that
Section188 - Circulation of members' resolutions
Section189 - Ordinary and special resolutions
Section190 - Resolutions requiring special notice
Section191 - Resolutions passed at adjourned meetings: Where a resolution is passed at an adjourned meeting of- the resolution
Section192 - Registration of certain resolutions and agreements
Section192A - (Passing of resolutions by postal ballot
Section193 - Minutes of proceedings of general meetings and of Board and other meetings: [
Section194 - Minutes to be evidence: [ Minutes of meetings kept in accordance with the provisions of
Section195 - Presumptions to be drawn where minutes duly drawn and singed: Where minutes of the proceedings of any general meeting
Section196 - Inspection of minute books of general meetings
Section197 - Publication of reports of proceedings of general meetings
Section197A - Company not to appoint or employ certain different categories of managerial personnel at the same time: Notwithstanding
Section198 - (Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits: [***]
Section199 - Calculation of commissioner, etc., in certain cases
Section200 - Prohibition of tax-free payments
Section201 - AVOIDANCE OF PROVISONS RELIEVING LIABILITY OF OFFICERS AND AUDITORS OF COMPANY
Section202 - Undischarged insolvent not to manage companies
Section203 - Power to restrain fraudulent persons from managing companies
Section204 - Restriction on appointment of firm or body corporate to office or place of profit under a company: [
Section204A - (Omitted by the Companies
Section205 - [Dividend to be paid only out of profits
Section205A - [Unpaid dividend to be transferred to special dividend account
Section205B - [Payment of unpaid or unclaimed dividend: Any person claiming to be entitled to any money transferred under sub-section
Section205C - [Establishment of Investor Education and Protection Fund
Section206 - Dividend not to be paid except to registered shareholders or to their order or to their bankers
Section206A - [Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares
Section207 - [Penalty for failure to distribute dividends within thirty days: Where a dividend has been declared by a company but
Section208 - Power of company to pay interest out of capital in certain cases
Section209 - Books of account to be kept by company : [
Section209A - [Inspection of books of account, etc., of companies
Section210 - Annual accounts and balance sheet
Section210A - [Constitution of National Advisory Committee on Accounting Standards
Section211 - Form and contents of balance sheet and profit and loss account
Section212 - (1) There shall be attached to the balance sheet of a holding company having a subsidiary or subsidiaries at the end of
Section213 - Financial year of holding company and subsidiary
Section214 - Rights of holding company's representatives and members
Section215 - Authentication of balance sheet and profit and loss account
Section216 - Profit and loss account to be annexed and auditors: report to be attached to balance sheet: The profit and loss account
Section217 - Board's report
Section218 - Penalty for Improper issue, circulation or publication of balance sheet or profit and loss account
Section219 - Right of member to copies of balance sheet and auditors' report
Section220 - Three copies of balance sheet, etc., to be filed with Registrar
Section221 - Duty of officer to make disclosure of payments, etc
Section222 - Construction of references to documents annexed to accounts: References in this Act to documents annexed or required to
Section223 - Certain companies to publish statement in the Form in Table F in Schedule I
Section224 - Appointment and remuneration of auditors: For the purposes of this sub-section, any sums paid by the company in respect
Section224A - [Auditor not to be appointed except with the approval of the company by special resolution in certain cases
Section225 - Provisions as to resolutions for appointing or removing auditors
Section226 - Qualifications and disqualification of auditors
Section227 - Powers and duties of auditors
Section228 - Audit of accounts of branch office of company
Section229 - Signature of audit report, etc.: Only the person appointed as auditor of the company, or where a firm is so appointed
Section230 - Reading and Inspection of auditor's report: The auditor's report shall be read before the company in general meeting
Section231 - Right of auditor to attend general meeting: All notices of, and other communications relating to, any general meeting
Section232 - Penalty for non-compliance with sections 225 to 231: If default is made by a company in complying with any of the
Section233 - Penalty for non-compliance by auditor with sections 227: and 229: If any auditor's report is made, or any document of
Section233A - [Power of Central Government to direct special audit in certain cases
Section233B - [Audit of cost accounts in certain cases
Section234 - Power of Registrar to call for information or explanation
Section234A - [Seizure of documents by Registrar
Section235 - Investigation: [Investigation of the affairs of a company
Section236 - Application by members to be supported by evidence and power to call for security: An application by members of a
Section237 - Investigation of company's affairs in other cases: Without prejudice to its powers under
Section238 - Firm, body corporate or association not to be appointed as inspector: No firm, body corporate or other association
Section239 - [Power of inspectors to carry Investigation into affairs of related companies: *[***]
Section240 - Production of documents and evidence: [
Section240A - [Seizure of documents by inspector
Section241 - Inspector's report
Section242 - Prosecution
Section243 - Application for winding up of company or an order under section 397 or 398: If any such company or other body corporate
Section244 - Proceedings for recovery of damages or property
Section245 - Expenses of investigation
Section246 - Inspectors report to be evidence: A copy of any report of any inspector or inspectors appointed under
Section247 - Investigation of ownership of company
Section248 - Information regarding persons having an interest in company, or in body corporate or firm acting as managing agent
Section249 - Investigation of associateship with managing agent, etc.: [Omitted by the Companies
Section250 - [Imposition of restrictions upon shares and debentures and prohibition of transfer of shares or debentures in certain
Section250A - [Voluntary winding up of company, etc., not to stop investigation proceedings: An investigation may be initiated under
Section251 - Saving for legal advisers and bankers: Nothing in
Chapter2 - : DIRECTORS:
Section252 - Minimum number of directors
Section253 - Only individuals to be directors: No body corporate, association or firm shall be appointed director of a [***]
Section255 - Appointment of directors and proportion of those who are to retire by rotation
Section256 - Ascertainment of directors retiring by rotation and filing of vacancies
Section257 - Right of persons other than retiring directors to stand for directorship
Section258 - Right of company to increase or reduce the number of directors: [***] Subject to the provisions of
Section259 - Increase in number of directors to require Government sanction: In the case of a public company or a private company
Section260 - Additional directors: Nothing in
Section261 - Certain persons not to be appointed directors, except by special resolution: [Omitted by the Companies
Section262 - Filing of casual vacancies among directors
Section263 - Appointment of directors to be voted on individually
Section263A - [Sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc.: Nothing
Section264 - [Consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the
Section266 - Restrictions on appointment or advertisement of director
Section266A - Every
Section266B - Allotment of Director Identification number: The Central Government shall, within one month from the receipt of the
Section266C - Prohibition to obtain more than one director identification Number: No individual, who had already been allotted a
Section266D - Obligation of director to intimate direct identification number to concerned company or companies: Every existing
Section266F - Obligation to indicate director identification Number: Every person or company, while furnishing any return,
Section266G - Penalty for contravention of provisions of section 266A or section 266C or section 266D or section 2
Section266E - If any individual or director, referred to in section 266A or section 266C or section 266D or a company referred to in
Section267 - Certain persons not to be appointed managing directors: No company shall, after the commencement of this Act, appoint
Section268 - Amendment of provision relating to managing, whole-time or non-rotational directors to require Government approval: In
Section269 - [Appointment of managing or whole-time director or manger to require Government approval only in certain cases : SS>
Section270 - Time within which share qualification is to be obtained and maximum amount thereof
Section271 - Filing of declaration of share qualification by director: [Omitted by the Companies
Section272 - Penalty: If, after the expiry of the said period of two months, any person acts as a director of the company when he
Section273 - Saving
Section274 - Disqualifications of directors
Section284 - Removal of directors
Section285 - [Board to meet at least once In every three calendar months. 3
Section286 - Notice of meetings
Section287 - Quorum for meetings
Section288 - Procedure where meeting adjourned for want of quorum
Section289 - Passing of resolutions by circulation. No resolution shall be deemed to have been duly passed by the Board or by a
Section290 - Validity of acts of directors. Acts done by a person as a director shall be valid, notwithstanding that it may
Section291 - General powers of Board
Section292 - Certain powers to be exercised by Board only at meeting
Section292A - [Audit Committee . 3
Section293 - Restrictions on powers of Board
Section293A - Prohibitions and restrictions regarding political contributions
Section293B - Power of Board and other persons to make contributions to the NationalDefence Fund, etc [
Section294 - Appointment of sole selling agents to require approval of company in generalmeeting [
Section294A - [Prohibition of payment of compensation to sole selling agents for loss of officein certain cases. 3
Section295 - Loans to directors, etc. 3
Section296 - [Application of section 295 to book debts in certain cases. 3
Section297 - Board's sanction to be required for certain contracts in which particular directorsare interested. 3
Section298 - Power of directors to carry on business when managing agent or secretaries andtreasurers are deemed to have vacated
Section299 - Disclosure of interests by director
Section300 - Interested director not to participate or vote in Board's proceedings
Section301 - Register of contracts, companies and firms in which directors are interested. 3
Section302 - Disclosure to members of director's interest in contract appointing manager,managing director 89a[***]
Section303 - Register of directors 95[***], etc
Section304 - Inspection of the register
Section305 - [Duty of directors, etc., to make disclosure. 3
Section306 - Register to be kept by Registrar and inspection thereof
Section307 - Register of directors' shareholdings, etc. 3
Section308 - Duty of directors and persons deemed to be directors to make disclosure ofshareholdings
Section309 - Remuneration of directors. 3
Section310 - Provision for increase in remuneration to require Government sanction. 3
Section311 - Increase in remuneration of managing director on re-appointment or appointment after Act to require Government
Section312 - Prohibition of assignment of office by director. Any assignment of his office made alter the commencement of this Act
Section313 - Appointment and term of office of alternate directors
Section314 - Director, etc., not to hold office or place of profit
Section315 - Application of sections 316 and 317. [Omitted by the Companies
Section316 - Number of companies of which one person may be appointed managing director
Section317 - Managing director not to be appointed for more than five years at a time
Section318 - Compensation for loss of office not permissible except to managing or whole-time directors or to directors who are
Section319 - Payment to director, etc., for loss of office, etc., in connection with transfer ofundertaking or property
Section320 - Payment to director for loss of office, etc., in connection with transfer of shares
Section321 - Provisions supplementary to sections 318, 319 and 320
Section322 - Directors, etc., with unlimited liability in limited company
Section323 - Special resolution of limited company making liability of directors, etc.,unlimited
Section324 - Power of Central Government to notify that companies engaged in specifiedclasses of industry or business shall not have
Section324A - Abolition of managing agencies and secretaries and treasurers. [Omitted by the Companies
Section325 - Managing agency company not to have managing agent. [Omitted by the Companies
Section325A - Subsidiary of a body corporate not to be appointed as managing agent. [Omitted by the Companies
Section326 - Central Government to approve of appointment, etc., of managing agent; andcircumstances in which approval may be
Section327 - Application of sections 328 to 331. [Omitted by the Companies
Section328 - Term of office of managing agent. [Omitted by the Companies
Section329 - Variation of managing agency agreement. [Omitted by the Companies
Section330 - Term of office of existing managing agents to terminate on 15th August, 1960. [Omitted by the Companies
Section331 - Application of Act to existing managing agents. [Omitted by the Companies
Section332 - No person to be managing agent of more than ten companies after 15th August,1960. [Omitted by the Companies
Section333 - Right of managing agent to charge on company's assets. [Omitted by the Companies
Section334 - Vacation of office on insolvency, dissolution or winding up, etc. [Omitted by the Companies
Section335 - Suspension from office where receiver appointed. [Omitted by the Companies
Section336 - Vacation of office on conviction in certain cases. [Omitted by the Companies
Section337 - Removal for fraud or breach of trust. [Omitted by the Companies
Section338 - Removal for gross negligence or mismanagement. [Omitted by the Companies
Section339 - Power to call meetings for the purposes of sections 337 and 338 and procedure. [Omitted by me Companies
Section340 - Time when certain disqualifications will take effect. [Omitted by the Companies
Section341 - Conviction not to operate as disqualification if convicted partner, director, etc.,is expelled. [Omitted by the
Section342 - Resignation of office by managing agent. [Omitted by the Companies
Section343 - Transfer of office by managing agent. [Omitted by the Companies
Section344 - Managing agency not to be heritable after commencement of Act, [Omitted by the Companies
Section345 - Succession to managing agency by inheritance or device under agreement beforecommencement of Act, to be subject to
Section346 - Changes in constitution of managing agency, firm or corporation to be approvedby Central Government. [Omitted by the
Section347 - Application of Schedule VIII to certain managing agents. [Omitted by the Companies
Section348 - Remuneration of managing agent ordinarily not to exceed 10 per cent of netprofits. [Omitted by the Companies
Section349 - Determination of net profits
Section350 - Ascertainment of depreciation 3
Section351 - Special provision where there is a profit-sharing arrangement between two ormore companies. [Omitted by the Companies
Section352 - Payment of additional remuneration [Omitted by the Companies
Section353 - Time of payment of remuneration [Omitted by the Companies
Section354 - Managing agent not entitled to office allowance but entitled to be reimbursed inrespect of expenses. [Omitted by the
Section355 - Saving 3
Section356 - Appointment of managing agent or associate as selling agent of goods producedby the company [Omitted by the Companies
Section357 - Application of section 356 to case where business of company consists of thesupply or rendering of any services
Section358 - Appointment of managing agent or associate as buying agent for company [Omitted by the Companies
Section359 - Commission, etc., of managing agent as buying or selling agent of other concerns. [Omitted by the Companies
Section360 - Contracts between managing agent or associate and company for the sale orpurchase of goods or the supply of services,
Section361 - Existing contracts relating to matters dealt with in sections 356 to 360 toterminate on 1st March, 1958. [Omitted by
Section362 - Register to be open to inspection [Omitted by the Companies
Section363 - Remuneration received in contravention of foregoing sections to be held in trust for company [Omitted by the Companies
Section364 - Assignment of, or charge on, remunerationCompany not to be bound by assignment of, or charge on, managing
Section365 - Compensation for termination of officeProhibition of payment of compensation for loss of office in certain cases
Section366 - Limit of compensation for loss of office. [Omitted by the Companies
Section367 - Other rights and liabilities not affected on termination of officeManaging agent's rights and liabilities after
Section368 - Managing agent to be subject to control of Board and to restrictions in Schedule [Omitted by the Companies
Section369 - Loans to managing agent [Omitted by the Companies
Section370 - Loans, etc., to companies under the same management
Section370A - 15[Provisions as to certain loans which could not have been made if sections 369and 370 were in force. Where any loan
Section371 - Penalty for contravention of 18[19[***] section 370 or 370A]
Section372 - [Purchase by company of shares, etc., of other companies. [
Section372A - [Inter-corporate loans and investments. 3
Section373 - Investments made before commencement of Act, Where any investments have been made by a company 3
Section374 - Penalty for contravention of section 372 or 373. If default is made in complying with the provisions of 3
Section375 - Managing agent not to engage in business competing with business of managedcompany. [Omitted by the Companies
Section376 - 33[Conditions prohibiting reconstruction or amalgamation of company. Where any provision in the memorandum or articles
Section377 - Restrictions on right of managing agent to appoint directors. [Omitted by the Companies
Section378 - Appointment of secretaries and treasurers. [Omitted by the Companies
Section379 - Provisions applicable to managing agents to apply to secretaries and treasurerswith the exceptions and modifications
Section380 - Sections 324, 330 and 332 not to apply. [Omitted by the Companies
Section381 - Section 348 to apply subject to a modification . [Omitted by the Companies
Section382 - Secretaries and treasurers not to appoint directors. [Omitted by the Companies
Section383 - Secretaries and treasurers not to sell goods or articles produced by company, etc.,unless authorised by board. [Omitted
Section383A - [Certain companies to have secretaries. 3
Section384 - Firm or body corporate not to be appointed manager. 3
Section385 - Certain persons not to be appointed managers
Section386 - Number of companies of which a person may be appointed manager,
Section387 - Remuneration of manager. The manager of a company may, subject to the provisions of
Section388 - Application of sections 44[269, 310], 311, 312 and 317 to managers.43 The provisions of
Section388A - [Sections 386 to 388 not to apply to certain private companies
Section389 - Power for companies to refer matters to arbitration [Omitted by the Companies
Section390 - Interpretation of sections 391 and 393. In sections 391 and 393
Section391 - Power to compromise or make arrangements with creditors and members
Section392 - Power of Tribunal to enforce compromise and arrangement
Section393 - Information as to compromises or arrangements with creditors and members
Section394 - Provisions for facilitating reconstruction and amalgamation of companies
Section394A - [Notice to be given to Central Government 74for applications under sections 391and 394. 3
Section395 - Power and duty to acquire shares of shareholders dissenting from scheme orcontract approved by majority
Section396 - Power of Central Government to provide for amalgamation of companies innational interest
Section396A - 87[Preservation of books and papers of amalgamated company The books and papers of a company which has been amalgamated
Section397 - Application to ju20[Tribunal] for relief in cases of oppression
Section398 - Application to ju20[Tribunal] for relief in cases of mismanagement
Section399 - Right to apply under sections 397 and 398
Section400 - Notice to be given to Central Government2 of applications under sections 397 and 398 3
Section401 - Right of Central Government to apply under sections 397 and 398. 3
Section402 - Powers of ju20[Tribunal] on application under section 397 or 398. 3
Section403 - Interim order by ju20[Tribunal]. Pending the making by it of a final order under
Section404 - Effect of alteration of memorandum or articles of company by order undersection 397 or 398.6
Section405 - Addition of respondents to application under section 397 or 398 If the managing director or any other director 3
Section406 - Application of sections 539 to 544 to proceedings under sections 397 and 398. In relation to an application under
Section407 - Consequences of termination or modification of certain agreements
Section408 - Powers of Government to prevent oppression or mismanagement.21 3
Section409 - Power of ju20[Tribunal] to prevent change in Board of directors likelyto affect company prejudicially
Section410 - 33[Appointment of Advisory Committee For the purpose of advising the Central Government and the 3
Section411 - Duties of Advisory Commission [Omitted by the Companies
Section412 - Forms and procedure In cases referred to Advisory Commission. [Omitted by the Companies
Section413 - Powers of Advisory Commission [Omitted by the Companies
Section414 - Penalties. [Omitted by the Companies
Section415 - Immunity for action taken in good faith
Section416 - Contracts by agents of company in which company is undisclosed principal
Section417 - Employees' securities to be deposited in 36[post office savings bank or ScheduledBank]. [
Section418 - Provisions applicable to provident funds of employees. 3
Section419 - Right of employee to see bank's receipt for moneys or securities referred to insection 417 or 418 . An employee shall
Section420 - Penalty for contravention of sections 417, 418 and 419. Any officer of a company, or any such trustee of a provident
Section421 - Filing of accounts of receivers Every receiver of the property of a company who has been appointed under a power
Section422 - Invoices, etc., to refer to receiver where there is one. Where a receiver of the property of a company has been
Section424 - Application of Sections 421 to 423 to receivers and managers appointed by Tribunal, and, managers appointed in
Section424A - Reference to Tribunal 3
Section424B - Inquiry into working of sick industrial companies 3
Section424C - Powers of Tribunal to make suitable order on completion of inquiry 3
Section424D - Preparation and sanction of schemes 3
Section424E - Rehabilitation by giving financial assistance 3
Section424F - Arrangement for continuing operations, etc., during inquiry 3
Section424G - Winding up of sick industrial company 3
Section424H - Operating agency to prepare complete inventory, etc 3
Section424I - Direction not to dispose of assets 3
Section424J - Power of Tribunal to call for periodic information 3
Section424K - Misfeasance proceedings 3
Section424L - Penalty for certain offence s 3
Section426 - Liability as contributories of present and past members
Section427 - Obligations of directors and managers whose liability is unlimited. In the winding up of a limited company, any
Section428 - Definition of "contributory". The term "contributory" means every person liable to contribute to the assets of a
Section429 - Nature of liability of contributory
Section430 - Contributories in case of death of member
Section431 - Contributories in case of insolvency of member. If a contributory is adjudged insolvent, either before or after he has
Section432 - Contributories in case of winding up of a body corporate which is a member. If a body corporate which is a contributory
Section433 - Circumstances in which company may be wound up by Tribunal 3
Section434 - Company when deemed unable to pay its debts
Section435 - Transfer of winding up proceedings to District Court. Where a High Court makes an order for winding up a company under
Section436 - Withdrawal and transfer of winding up from one District Court to another . If during the progress of a winding up in a
Section437 - Power of High Court to retain winding up proceedings in District Court. The High Court may direct that a District Court
Section438 - Jurisdiction of High Court under sections 435,436 and 437 to be exercised at anytime and at any stage . The High Court
Section439 - Provisions as to applications for winding up
Section439A - Statement of affairs to be filed on winding up of a company 3
Section440 - Right to present winding up petition where company is being wound up voluntarily ", 3
Section441 - Commencement of winding up by Tribunal 3
Section441A - Levy and collection of cess on turnover or gross receipts of companies 3
Section441B - Crediting proceeds of cess to Consolidated Fund of India 3
Section441C - Rehabilitation and Revival Fund 3
Section441D - Application of Fund 3
Section441E - Power to call for information 3
Section441F - Penalty for non-payment of cess 3
Section441G - Refund of fund in certain cases 3
Section442 - Power of Court to stay or restrain proceedings against company . [*************]
Section443 - Power of Tribunal on hearing petition "3
Section444 - Order for winding up to be communicated to Official Liquidator and Registrar 3
Section445 - Copy of winding up order to be filed with Registrar
Section446 - Suits stayed on winding up order
Section446A - Responsibility of directors and officers to submit to Tribunal audited books of account 3
Section447 - Effect of winding up order . An order for winding up a company shall operate in favour of all the creditors and of all
Section448 - Appointment of Official Liquidator 3
Section449 - Official Liquidator to be liquidator. On a winding up order being made in respect of a company, the Official Liquidator
Section450 - Appointment and powers of provisional liquidator
Section451 - General provisions as to liquidators
Section452 - Style, etc., of liquidator. A liquidator shall be described by the style of "The Official Liquidator" of the particular
Section453 - Receiver not to be appointed of assets with liquidator. A receiver shall not be appointed of assets in the hands of a
Section454 - Statement of affairs to be made to Official Liquidator
Section455 - Report by Official Liquidator
Section456 - Custody of company's property
Section457 - Powers of liquidator
Section458 - Discretion of liquidator. The Tribunal may, by order, provide that the liquidator may exercise any of the powers
Section458A - 67[Exclusion of certain time in computing periods of limitation. Notwithstanding anything in the
Section459 - Provision for legal assistance to liquidator 3
Section460 - Exercise and control of liquidator's powers
Section461 - Books to be kept by liquidator
Section462 - Audit of liquidator's accounts
Section463 - Control of Central Government over liquidators
Section464 - Appointment and composition of committee of inspection. 3
Section465 - Constitution and proceedings of committee of inspection."
Section466 - Power of Tribunal to stay winding up "3
Section467 - Settlement of list of contributories and application of assets
Section468 - Delivery of property to liquidator. The Tribunal may, at any time after making a winding up order, require any
Section469 - Payment of debts due by contributory and extent of set-off
Section470 - Power of Tribunal to make calls "3
Section471 - Payment into bank of moneys due to company
Section472 - Moneys and securities paid into bank to be subject to order of Tribunal 3
Section473 - Order on contributory to be conclusive evidence
Section474 - Power to exclude creditors not proving in time. The Tribunal may fix a time or times within which creditors are to
Section475 - Adjustment of rights of contributories. The Tribunal shall adjust the rights of the contributories among themselves,
Section476 - Power to order costs. The Tribunal may, in the event of the assets being insufficient to satisfy the liabilities, make
Section477 - Power to summon persons suspected of having property of company, etc
Section478 - Power to order public examination of promoters, directors, etc
Section479 - Power to arrest absconding contributory . At any time either before or after making a winding up order, the Tribunal
Section480 - Saving of existing powers of Tribunal Any powers conferred on the Tribunal by this Act shall be in addition to, and not
Section481 - Dissolution of company
Section482 - Order made in any Court to be enforced by other Courts Any order made by a Court for, or in the course of, winding up a
Section483 - Appeals from orders Appeals from any order made or decision given before the commencement of the Companies
Chapter3 - : VOLUNTARY WINDING UP
Section484 - Circumstances in which company may be wound up voluntarily
Section485 - Publication of resolution to wind up voluntarily. For the purposes of this sub-section, a liquidator of the company
Section486 - Commencement of voluntary winding up. A voluntary winding up shall be deemed to commence at the time when the
Section487 - Effect of voluntary winding up on status of company. In the case of a voluntary winding up, the company shall, from the
Section488 - Declaration of solvency in case of proposal to wind up voluntarily
Section489 - Provisions applicable to a members' voluntary winding up. The provisions contained in
Section490 - Power of company to appoint and fix remuneration of liquidators
Section491 - Board's powers to cease on appointment of liquidator. On the appointment of a liquidator, all the powers of the Board
Section492 - Power to fill vacancy in office of liquidator
Section493 - Notice of appointment of liquidator to be given to Registrar
Section494 - Power of liquidator to accept shares, etc., as consideration for sale of property ofcompany
Section495 - Duty of liquidator to call creditors' meeting in case of Insolvency
Section496 - Duty of liquidator to call general meeting at end of each year
Section497 - Final meeting and dissolution
Section498 - Alternative provisions as to annual and final meetings in case of Insolvency. Where
Section499 - Provisions applicable to a creditors' voluntary winding up. The provisions contained in
Section500 - Meeting of creditors
Section501 - Notice of resolutions passed by creditors' meeting to be given to Registrar. For the purposes of this section, a
Section502 - Appointment of liquidator
Section503 - Appointment of committee of inspection.95
Section504 - Fixing of liquidators' remuneration
Section505 - Board's powers to cease on appointment of liquidator. On the appointment of a liquidator, all the powers of the Board
Section506 - Power to fill vacancy in office of liquidator. If a vacancy occurs by death, resignation or otherwise, in the office of
Section507 - Application of section 494 to a creditors' voluntary winding up. The provisions of
Section508 - Duty of liquidator to call meetings of company and of creditors at end of eachyear
Section509 - Final meeting and dissolution
Section510 - Provisions applicable to every voluntary winding up. The provisions contained in
Section511 - Distribution of property of company. Subject to the provisions of this Act as to preferential payments, the assets of a
Section511A - 3[Application of section 454 to voluntary winding up. The provisions of
Section512 - Powers and duties of liquidator in voluntary winding up
Section513 - Body corporate not to be appointed as liquidator
Section514 - Corrupt Inducement affecting appointment as liquidator. Any person who gives, or agrees or offers to give, to any
Section515 - Power of Tribunal to appoint and remove liquidator in voluntary winding up
Section516 - Notice by liquidator of his appointment
Section517 - Arrangement when binding on company and creditors
Section518 - Power to apply to Tribunal to have questions determined or powers exercised "
Section519 - Application of liquidator to Tribunal for public examination of promoters, directors, etc
Section520 - Costs of voluntary winding up. All costs, charges and expenses properly incurred in the winding up, including the
Section521 - Saving of right of creditors and contributories to apply for winding up. [Omitted hy the Companies
Section522 - Omitted Section 522 Omitted by Companies
Section523 - Omitted Section 523 Omitted by Companies
Section524 - Omitted Section 524 Omitted by Companies
Section525 - Omitted Section 525 Omitted by Companies
Section526 - Omitted Section 526 Omitted by Companies
Section527 - Omitted Section 527 Omitted by Companies
Section528 - Debts of all descriptions to be admitted to proof. In every winding up
Section529 - Application of insolvency rules in winding up of insolvent companies
Section529A - [Overriding preferential payments. 3
Section530 - Preferential payments
Section531 - Fraudulent preference
Section531A - [Avoidance of voluntary transfer. 3
Section532 - Transfers for benefit of all creditors to be void. Any transfer or assignment by a company of all its property to
Section533 - Liabilities and rights of certain fraudulently preferred persons. This sub-section shall apply, with the necessary
Section534 - Effect of floating charge. Where a company is being wound up, a floating charge on the undertaking or property of the
Section535 - Disclaimer of onerous property in case of a company which is being wound up
Section536 - Avoidance of transfers, etc., after commencement of winding up
Section537 - Avoidance of certain attachments, executions, etc., in winding up by Tribunal "
Section538 - Offences by officers of companies in liquidation
Section539 - Penalty for falsification of books. If with intent to defraud or deceive any person, any officer or contributory of a
Section540 - Penalty for frauds by officers. If any person, being at the time of the commission of the alleged offence an officer of
Section541 - Liability where proper accounts not kept
Section542 - Liability for fraudulent conduct of business
Section543 - Power of Tribunal to assess damages against delinquent directors, etc 3
Section544 - Liability under sections 542 and 543 to extend to partners or directors in firm or company. Where a declaration under
Section545 - Prosecution of delinquent officers and members of company
Section546 - Liquidator to exercise certain powers subject to sanction
Section547 - Notification that a company is in liquidation
Section548 - Books and papers of company to be evidence . Where a company is being wound up, all books and papers of the company and
Section549 - Inspection of books and papers by creditors and contributories.31
Section550 - Disposal of books and papers of company
Section551 - Information as to pending liquidations. 3
Section552 - Official Liquidator to make payments into the public account of India. Every Official Liquidator shall, in such manner
Section553 - Voluntary liquidator to make payments into Scheduled Bank
Section554 - Liquidator not to pay moneys into private banking account. Neither the Official Liquidator nor any other liquidator of
Section555 - Unpaid dividends and undistributed assets to be paid into the CompaniesLiquidation Account. [
Section556 - Enforcement of duty of liquidator to make returns, etc
Section558 - Court or person before whom affidavit may be sworn
Section559 - Power of Tribunal to declare dissolution of company void
Section560 - Power of Registrar to strike defunct company off register
Section561 - Application of Act to companies formed and registered under previous companies laws. This Act shall apply to existing
Section562 - Application of Act to companies registered but not formed under previouscompanies laws. This Act shall apply to every
Section563 - Application of Act to unlimited companies registered under previous companies laws. This Act shall apply to every
Section565 - Companies capable of being registered.53
Section566 - Definition of "joint-stock company".55
Section567 - Requirements for registration of joint-stock companies."56 Before the registration in pursuance of this Part of a
Section568 - Requirements for registration of companies not being joint-stock companies.57 Before the registration in pursuance of
Section569 - Authentication of statements of existing companies. The lists of members and directors and any other particulars
Section571 - Notice to customers on registration of banking company with limited liability
Section572 - Change of name for purposes of registration. Where the name of a company seeking registration under this Part is one
Section573 - Addition of "Limited" or "Private Limited" to name. When a company registers in pursuance of this Part with limited
Section574 - Certificate of registration of existing companies . On compliance with the requirements of this Part with respect to
Section575 - Vesting of property on registration . All property, movable and immovable
Section576 - Saving for existing liabilities. The registration of a company in pursuance of this Part shall not affect its rights or
Section577 - Continuation of pending legal proceedings . All suits and other legal proceedings taken by or against the company, or
Section578 - Effect of registration under Part
Section579 - Power to substitute memorandum and articles for deed of settlement
Section580 - Power of Court to stay or restrain proceedings. The provisions of this Act with respect to staying and restraining
Section581 - Suits stayed on winding up order. Where an order has been made for winding up, or a provisional liquidator has been
Section581A - Definitions CHAPTER 2 : Incorporation Of Producer Companies And Other Matters
Section581B - Objects of Producer Company
Section581C - Formation of Producer Company and its registration
Section581D - Membership and voting rights of Members of Producer Company
Section581E - Benefits to Members
Section581F - Memorandum of Producer Company
Section581G - Articles of association
Section581H - Amendment of memorandum
Section581I - Amendment of articles
Section581J - Option to inter-State co-operative societies tobecome Producer Companies
Section581K - Effect of incorporation of Producer Company
Section581L - Vesting of undertaking in Producer Company
Section581M - Concession, etc., to be deemed to have beengranted to Producer Company
Section581N - Provisions in respect of officers and otheremployees of inter-State co-operative society . CHAPTER 3 : Management Of
Section582 - Meaning of "unregistered company". 582:Meaning of "unregistered company". For the purposes of this Part, the expression
Section583 - Winding up of unregistered companies
Section584 - Power to wind up foreign companies, although dissolved. Where a body corporate incorporated outside India which has
Section585 - Contributories in winding up of unregistered company
Section586 - Power to stay or restrain proceedings. The provisions of this Act with respect to staying and restraining suits and
Section587 - Suits, etc., stayed on winding up order. Where an order has been made for winding up an unregistered company, no suit
Section588 - Directions as to property in certain cases
Section589 - Provisions of Part cumulative
Section590 - Saving and construction of enactments conferring power to wind up partnership,association or company in certain cases
Section591 - Application of sections 592 to 602 to foreign companies*. 3
Section592 - Documents, etc., to be delivered to Registrar by foreign companies carrying onbusiness in India. 3
Section593 - Return to be delivered to Registrar by foreign company where documents, etc.,altered.67 If any alteration is made or
Section594 - Accounts of foreign company.69
Section595 - Obligation to state name of foreign company, whether limited, and country where incorporated. Every foreign company
Section596 - Service on foreign company. Any process, notice, or other document required to be served on a foreign company shall be
Section597 - Office where documents to be delivered.71
Section598 - Penalties. If any foreign company fails to comply with any of the foregoing provisions of this Part, the company, and
Section599 - Company's failure to comply with Part not to affect its liability under contracts,etc. Any failure by a foreign company
Section600 - Registration of charges, appointment of receiver and books of account.74
Section601 - Fees for registration of documents under Part. There shall be paid to the Registrar for registering any document
Section602 - Interpretation of foregoing sections of Part. For the purposes of the foregoing provisions of this Part
Section603 - Dating of prospectus and particulars to be contained therein
Section604 - Provisions as to expert's consent and allotment
Section605 - Registration of prospectus.79 3
Section605A - 82[Offer of Indian Depository Receipts . Notwithstanding anything contained in any other law for the time being in
Section606 - Penalty for contravention of sections 603, 604 and 605. Any person who is knowingly responsible
Section607 - Civil liability for mis-statements in prospectus
Section608 - Interpretation of provisions as to prospectuses
Section609 - Registration offices
Section610 - Inspection, production and evidence of documents kept by Registrar
Section610A - 92[Admissibillty of micro films, facsimile copies of documents, computer printouts and documents on computer media as
Section610B - Provisions relating to filing of applicaatons,documents,inspection etc through electronic form 3
Section610C - Power to modify Act in relation to electronic records
Section610D - Providing of value added services through electronic form The Central Government may provide such value added services
Section611 - Pees in Schedule X to be paid. 3
Section612 - Fees, etc., paid to Registrar and other officers to be accounted for to Central Government. All fees, charges, and
Section613 - Power of Central Government to reduce fees, charges, etc. 3
Section614 - Enforcement of duty of company to make returns, etc., to Registrar.97
Section614A - 99[Power of Court trying offences under the Act to direct the filing of documents with Registrar
Section615 - Power of Central Government to direct companies to furnish information or statistics
Section616 - Application of Act to insurance, banking, electricity supply and other companies governed by special Acts. The
Section617 - Definition of "Government company". For the purposes of 3
Section618 - Government companies not to have managing agents. [Omitted by the Companies
Section619 - Application of sections 224 to 233 to Government companies
Section619A - [Annual reports on Government companies. 3
Section619B - 13[Provisions of section 619 to apply to certain companies. The provisions of
Section620 - Power to modify Act In relation to Government companies . 3
Section620A - Power to modify Act in its application to Nidhis, etc
Section620B - 19[Special provisions as to companies in Goa, Daman and Diu. The Central Government may, by notification in the
Section620C - Special provisions as to companies in Jammu and Kashmir. The Central Government may, by notification in the Official
Section621 - Offences against Act to be cognizable only on complaint by Registrar, shareholder or Government
Section621A - Composition of certain offences
Section622 - Jurisdiction to try offences No Court inferior to that of a Presidency Magistrate or a Magistrate of the first class
Section623 - Certain offences triable summarily in Presidency towns If any offence against this Act which is punishable with fine
Section624A - 28[Power of Central Government to appoint company prosecutors . Notwithstanding anything contained in the
Section624B - 28-30[Appeal against acquittal. Notwithstanding anything contained in the
Section625 - Payment of compensation in cases of frivolous or vexatious prosecution
Section626 - Application of fines The Court or Tribunal imposing any fine under this Act may direct that the whole or any part
Section627 - Production and inspection of books where offence suspected
Section628 - Penalty for false statements. If in any return, report, certificate, balance sheet, prospectus, statement or other
Section629 - Penalty for false evidence. If any person intentionally gives false evidence
Section629A - 34[Penalty where no specific penalty is provided elsewhere in the Act, If a company or any other person contravenes any
Section630 - Penalty for wrongful withholding of property
Section631 - Penalty for improper use of words "Limited" and "Private Limited". If any person or persons trade or carry on business
Section632 - Power to require limited company to give security for costs. Where a limited company is plaintiff or petitioner in any
Section633 - Power of Court to grant relief in certain cases
Section634 - Enforcement of orders of Courts. Any order made by a Court under this Act may be enforced in the same manner as a
Section634A - 40[Enforcement of orders of [Company Law Board]. Any order made by the Company Law Board 3
Section635 - Enforcement of orders of one Court by other Courts
Section635A - 44[Protection of acts done in good faith. No suit, prosecution or other legal proceeding shall lie against the
Section635B - Protection of employees during investigation by inspector or pendency ofproceeding before Appellate Tribunal in certain
Section636 - Reduction of fees, charges, etc., payable to company
Section637 - Delegation by Central Government of its powers and functions under Act, 3
Section637A - Power of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on
Section637B - 62[Condonation of delays in certain cases Notwithstanding anything contained in this Act,
Section638 - Annual report by Central Government The Central Government shall cause a general annual report on the working and
Section639 - Annual reports on Government companies to be placed before Parliament, etc. [The section and heading above it, viz.,
Section640 - Validation of registration of firms as members of charitable and other companies. Any firm which stood registered at
Section640A - Exclusion of time required in obtaining copies of order of Court or Tribunal. 3
Section640B - 65[Forms of, and procedure in relation to, certain applications
Section641 - Power to alter Schedules
Section642 - Power of Central Government to make rules
Section643 - Power of Central Government to make rules relating to winding up. 3
Section644 - Repeal of Acts specified In Schedule XII. The enactments mentioned in Schedule XII arc hereby repealed
Section645 - Saving of orders, rules, etc., in force at commencement of Act Nothing in this Act shall affect any order, rule,
Section646 - Saving of operation of section 138 of Act 7 of 1913 Nothing in this Act shall affect the operation of
Section647 - Saving of pending proceedings for winding up Where the winding up of a company has commenced before the commencement of
Section647A - Transfer of winding up proceedings to Tribunal . 3
Section648 - Saving of prosecutions Instituted by liquidator or Court under section 237 of Act7 of 1913 Nothing in this Act shall
Section649 - Construction of references to former enactments in documents Any document referring to any former enactment relating to
Section650 - Construction of "Registrar of joint stock companies" in Act 21 of 1860 [Omitted by the Companies
Section651 - Construction of references to extraordinary resolution in articles, etc. Any reference to an extraordinary resolution
Section651A - Reference of winding up of companies in any law 3
Section652 - Appointment under previous companies laws to have effect as if made under Act Any person appointed to any office under
Section653 - Former registration offices continued The offices existing at the commencement of this Act for the registration of
Section654 - Registers under previous companies laws to be deemed to be part of registersunder Act, Any register kept under the
Section655 - Funds and accounts under Act to be In continuation of funds and accounts underprevious companies law. All funds
Section656 - Saving of incorporation under repealed Acts. Nothing in this Act shall affect the incorporation of any company
Section657 - Saving of certain Tables under previous companies laws. Nothing in this Act shall affect
Section658 - Section 6 of the General Clauses Act, 1897

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