Bare Act Search Results

Companies Act, 1956 Part 6

Title: Management and Administration

State: Central

Year: 1956

.....Act, 1996, shall be deemed to be an index of members and register and index of debenture-holders, as the case may be, for the purposes of this Act.] ____________________ 1. Inserted by Act 22 of 1996, Section 30 and Schedule (w.r.e.f. 20-9-1995). Section 153 - Trusts not to be entered on register No notice of any trust, express, implied or constructive, shall be entered on the register of members or of debenture-holders1[***] ____________________ 1. The words "or be receivable by the Registrar" omitted by Act 53 of 1963, Section 6 (w.e.f. 1-1-1964). Section 153A - Appointment of public trustee 1[153A. Appointment of public trustee 2[(1)] The Central Government may, by notification in the Official Gazette, appoint a person as public trustee to discharge the functions and to exercise the rights and powers conferred on him by or under this Act.] 3[(2) The provision of this section shall not apply on and after the commencement of the Companies (Amendment) Act, 2000.] ____________________ 1. Inserted by Act 53 of 1963, Section 7 (w.e.f. 1-1-1964). 2. Section 153A renumbered as sub-section (1) thereof by Act 53 of 2000, Section 63 (w.e.f. 13-12-2000)......

Companies Act, 1956 Complete Act

State: Central

Year: 1956

.....as in the (Depositories Act, 1996) (22 of 1996); (12B) "derivative" has the same meaning as in clause (aa) of (S.2 of the Securities Contracts (Regulation) Act, 1956) (42 of 1956);] (13) "director" includes any person occupying the position of director, by whatever name called; (14) "District Court" means the principal Civil Court of original jurisdiction in a district, but does not include a High Court in the exercise of its ordinary original civil jurisdiction ; [(14A) "dividend" includes any interim dividend;] (15) "document" includes summons, notice, requisition, order, other legal process, and registers, whether issued, sent or kept in pursuance of this or any other Act or otherwise ; [(15A) "employees stock option" means the option given to the whole-time directors, officers or employees of a company, which gives such directors, officers or employees the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a pre-determined price;] (16) "existing company" means an existing company as defined in (section 3); (17) "financial year" means, in relation to any body corporate, the period in respect of which.....

Companies Act, 1956 Chapter 2

Title: Directors

State: Central

Year: 1956

.....) Sub-section ( 1 ) shall not apply to a private company, unless it is a subsidiary of a public company. ______________________ 1. Inserted by Act 31 of 1988, Section 45 (w.e.f. 15-6-1988). 2. Inserted by Act 65 of 1960, Section 85 (w.e.f. 28-12-1960). Section 258 - Right of company to increase or reduce the number of directors 1[***] Subject to the provisions of sections 252 , 255 and 259 , a company in general me eting may, by ordinary resolution, increase or reduce the number of its directors within the limits fixed in that behalf by its articles. ______________________ 1. The brackets and figure "(1) omitted by Act 36 of 1957, Section 3 and Schedule II." Section 259 - Increase in number of directors to require Government sanction In the case of a public company or a private company which is a subsidiary of a public company, any increase in the number of its directors, except- (a) in the case of a company which was in existence on the 21 st day of July, 1951 , an increase which was within the permissible maximum under its articles as in force on that date, and (b) in the case of a company which came or may come into existence after that date, an.....

Companies Act, 1956 Section 296

Title: Application of Section 295 to Book Debts in Certain Cases

State: Central

Year: 1956

1[296. Application of section 295 to book debts in certain cases Section 295 shall apply to any transaction represented by a book debt which was from its inception in the nature of a loan or an advance.] _______________________ 1. Substituted by Act 65 of 1960, Section 103, for section 296 (w.e.f. 28-12-1960).

Companies Act, 1956 Chapter 3

Title: Managing Agents

State: Central

Year: 1956

.....(Amendment) Act, 2000 (53 of 2000), sec. 159 (w.e.f. 13-12-2000). Section 344 - Managing agency not to be heritable after commencement of Act [Repealed] Rep. by the Companies (Amendment) Act, 2000 (53 of 2000), sec. 159 (w.e.f. 13-12-2000). Section 345 - Succession to managing agency by inheritance or devise under agreement before commencement of Act, to be subject to Central Government's approval [Repealed] Rep. by the Companies (Amendment) Act, 2000 (53 of 2000), sec. 159 (w.e.f. 13-12-2000). Section 346 to 347 - Changes in constitution of firms and corporations Section 346 - Changes in constitution of managing agency, firm or corporation to be approved by Central Government [Repealed] Rep. by the Companies (Amendment) Act, 2000 (53 of 2000), sec. 159 (w.e.f. 13-12-2000). Section 347 - Application of Schedule VIII to certain managing agents [Repealed] Rep. by the Companies (Amendment) Act, 2000 (53 of 2000), sec. 159 (w.e.f. 13-12-2000). Section 348 to 355 - Remuneration of managing agents Section 348 - Remuneration of managing agent ordinarily not to exceed 10 per cent. of net profits [Repealed] Rep. by the Companies (Amendment) Act, 2000 (53.....

Companies Act, 1956 Section 370

Title: Loans, Etc., to Companies Under the Same Management

State: Central

Year: 1956

.....not being a banking company.] _______________________ 1. The words "which is under the same management as the lending company" omitted by Act 31 of 1965, Section 46 (w.e.f. 1-4- 1967). 2. Added by Act 31 of 1965, Section 46 (w.e.f. 1-4-1967). 3. Substituted by Act 31 of 1988, Section 51, for certain words (w.e.f. 17-4-1989). 4. Explanation renumbered as Explanation 1 by Act 34 of 1966, Section 3 (w.e.f. 1-4-1967). 5. Inserted by Act 34 of 1966, Section 3 (w.e.f. 1-4-1967). 6. Inserted by Act 65 of 1960, Section 135 (w.e.f. 28-12-1960). 7. Explanation numbered and lettered as sub-section (1B) by Act 65 of 1960, Section 135 (w.e.f. 28-12-1960). 8. Substituted by Act 65 of 1960, Section 135, for "for the purposes of this sub-section" (w.e.f. 28-12-1960). 9. Provisions relating to managing agents, secretaries and treasurers have ceased to have effect by Act 17 of 1967, Section 6 (w.e.f. 3-4-1970). 10. Added by Act 65 of 1960, Section 135 (w.e.f. 28-12-1960). 11. Inserted by Act 31 of 1965, Section 46 (w.e.f. 1-4-1967). 12. Substituted by Act 31 of 1965, Section 46, for "every such loan, guarantee or security" (w.e.f. 1-4-1967). 13. Inserted.....