Title : Amendment of Heading and Sub-heading Before Section 433
State : Central
Year : 2002
In the heading and sub-heading before section 433 of the principal Act, for the word "Court", the word "Tribunal" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Substitution of New Section of Section 433
State : Central
Year : 2002
For section 433 of the principal Act, the following section shall be substituted, namely:-- "433. Circumstances in which company may be wound up by Tribunal.-- A company may be wound up by the Tribunal, -- (a) if the company has, by special resolution, resolved that the company be wound up by the Tribunal; (b) if default is made in delivering the statutory report to the Registrar or in holding the statutory meeting; (c) if the company does not commence its business within a year from its incorporation, or suspends its business for a whole year; (d) if the number of members is reduced, in the case of a public company, below seven, and in the case of a private company, below two; (e) if the company is unable to pay its debts; (f) if the Tribunal is of the opinion that it is..... View Complete Act List Judgments citing this sectionTitle : Insertion of New Sections 441a, 441b, 441c, 441d, 441e and 441f
State : Central
Year : 2002
After section 441 of the principal Act, the following shall be inserted, namely:-- Levy by way of cess and formation of Rehabilitation and Revival Fund 441 A. Levy and collection of cess on turnover or gross receipts of companies.-- (1) There shall be levied and collected, for the purposes of rehabilitation or revival or protection of assets of the sick industrial company, a levy by way of cess at such rate not less than 0.005 per cent, and not more than 0.1 per cent, on the value of annual turnover of every company or its annual gross receipt, whichever is more as the Central Government may, from time to time, specify by notification in the Official Gazette. (2) Every company shall pay to the Central Government the cess referred to in sub-section (1) within three months from the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 446
State : Central
Year : 2002
In section 446 of the principal Act,-- (a) in sub-section (1), for the word "Court" at both the places where it occurs, the word "Tribunal" shall be substituted; (b) in sub-section (2), for the words "The court which is winding up the company", the words "The Tribunal" shall be substituted; (c) sub-section (3) shall be omitted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 450
State : Central
Year : 2002
In section 450 of the principal Act, for the word "Court" wherever it occurs, the word "Tribunal" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 453 and 456
State : Central
Year : 2002
In sections 453 to 456 of the principal Act, for the word "Court", wherever it occurs, the word "Tribunal" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 458 and 458a
State : Central
Year : 2002
In sections 458 and 458A of the principal Act, for the word "Court", wherever it occurs, the word "Tribunal" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 460 and 465
State : Central
Year : 2002
In sections 460 to 465 of the principal Act, for the word "Court", wherever it occurs, the word "Tribunal" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Heading Before Section 466
State : Central
Year : 2002
In the heading before section 466 of the principal Act, for the word "Court", the word "Tribunal" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 467 to 469
State : Central
Year : 2002
In sections 467 to 469 of the principal Act, for the word "Court", wherever it occurs, the word "Tribunal" shall be substituted. View Complete Act List Judgments citing this section