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Home Bare Acts Phrase: section 427Companies (Amendment) Act, 2001 Section 3
Title: Amendment of Section 292
State: Central
Year: 2001
In section 292 of the principal Act, in sub-section (/), after clause (a), the following clause shall be inserted, namely:-- "(aa) the power to authorise the buy-back referred to in the first proviso to clause (b) of sub-section (2) of section 77A;".
View Complete Act List Judgments citing this sectionCompanies (Amendment) Act, 2001 Section 2
Title: Amendment of Section 77a
State: Central
Year: 2001
In section 77A of the Companies Act, 1956 (1 of 1956) (hereinafter referred to as the principal Act), (a) In Sub-section (2), in clause (b), the following shall be inserted, namely:-- 'Provided that nothing contained in this clause shall apply in any case where-- (A) The buy-back is or less than ten per cent, of the total paid-up equity capital and free reserves of the company; and (B) Such buy-back has been authorised by the Board by means of a resolution passed at its meeting: Provided further that no offer of buy-back shall be made within a period of three hundred and sixty-five days reckoned from the date of the preceding offer of buy-back, if any. Explanation. --For the purposes of this clause, the expression "offer of buy-back" means the offer of such buy-back made in pursuance of the resolution of the Board referred to in the first proviso;'; (b) In sub-section (4), for the words "special resolution", the words "special resolution or a resolution passed by the Board" shall be substituted; (c) In sub-section (6), after the words, brackets, letter and figure "special resolution under clause (b) of sub-section (2)", the words, brackets and letter "or the.....
View Complete Act List Judgments citing this sectionCompanies (Second Amendment) Act, 2002 Section 49
Title: Amendment of Section 426 and 427
State: Central
Year: 2002
In sections 426 and 427 of the principal Act, for the word "Court", the word "Tribunal" shall be substituted.
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 427
Title: Obligations of Directors and Managers Whose Liability is Unlimited
State: Central
Year: 1956
.....2 [***] or manager shall not be liable to make such further contribution in respect of any debt or liability of the company contracted after he ceased to hold office; (c) subject to the articles of the company, a director, 2 [***] or manager shall not be liable to make such further contribution, unless the 3 [Tribunal] deems it necessary to require the contribution in order to satisfy the debts and liabilities of the company, and the costs, charges and expenses of the winding up. __________________ 1. The words ", managing agent" omitted by Act 53 of 2000, section 187 (w.e.f. 13-12-2000). 2. The words ", managing agent, secretaries and treasures" omitted by Act 53 of 2000, Section 187 (w.e.f. 13-12-2000). 3. Substituted by Act 11 of 2003, section 49, for "Court".
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 427
Title: President, Members, Officers, Etc., to Be Public Servants
State: Central
Year: 2013
The President, Members, officers and other employees of the Tribunal and the Chairperson, Members, officers and other employees of the Appellate Tribunal shall be deemed to be public servants within the meaning of section 21 of the Indian Penal Code (45 of 1860).
View Complete Act List Judgments citing this sectionCode of Criminal Procedure, 1973 Section 429
Title: Saving
State: Central
Year: 1973
(1) Nothing in section 426 or section 427 shall be held to excuse any person from any part of the punishment to which he is liable upon his former or subsequent conviction. (2) When an award of imprisonment in default of payment of a fine is annexed to a substantive sentence of imprisonment and the person undergoing the sentence is after its execution to undergo a further substantive sentence or further substantive sentences of imprisonment effect shall not be given to the award of imprisonment in default of payment of the fine until the person has undergone the further sentence or sentences.
View Complete Act List Judgments citing this sectionMerchant Shipping Act, 1958 Section 427
Title: Mortgages of Sailing Vessels,
State: Central
Year: 1958
.....date. (3) The registrar shall enter every such mortgage in the sailing vessels register in the order in which it is registered with him. (4) If there are more mortgages than one recorded in respect of the same sailing vessel or interest therein, the mortgages shall, notwithstanding any express, implied or constructive notice, have priority according to the date on which each mortgage is registered with the registrar and not according to the date of each mortgage itself: Provided that nothing contained in this sub-section shall affect the relative priorities as they existed immediately before the date on which this Part comes into force as between mortgages of the same vessel or interest therein effected before such date which are registered in accordance with the provisions of sub-section (2).
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 426
Title: Liability as Contributories of Present and Past Members
State: Central
Year: 1956
.....a past or present member of the company]; but any such sum shall be taken into account for the purpose of the final adjustment of the rights of the contributories among themselves. (2) In the winding up of a company limited by guarantee which has a share capital, every member of the company shall be liable, in addition to the amount undertaken to be contributed by him to the assets of the company in the event of its being wound up, to contribute to the extent of any sums unpaid on any shares held by him as if the company were a company limited by shares. __________________ 1. Substituted by Act 11 of 2003, Section 49, for "Court". 2. Substituted by Act 65 of 1960, Section 161, for certain words (w.e.f. 28-12-1960).
View Complete Act List Judgments citing this sectionCode of Criminal Procedure, 1973 Section 427
Title: Sentence on Offender Already Sentenced for Another Offence
State: Central
Year: 1973
.....conviction to imprisonment for a term or imprisonment for life, the subsequent sentence shall run concurrently with such previous sentence. STATE AMENDMENT 1Tamil Nadu: In section 247 after sub-section (1), the following sub-section shall be inserted, namely:- "(1A) Notwithstanding anything contained in sub-section (1), when a person already undergoing a sentence of imprisonment is sentenced on a subsequent conviction to imprisonment under sub-section (2) of section 380 of the Indian Penal Code (Central Act XLV of 1860), for an offence of theft of any idol or icon in any building used as a place of worship, such imprisonment shall commence ac the expiration of the imprisonment to which he has been previously sentenced." ______________________ 1. Vide Tamil Nadu Act 28 of 1993, Section 6.
View Complete Act List Judgments citing this sectionKarnataka Municipal Corporations Act, 1976 Section 427
Title: Power of Government to Make Rules in Lieu of Bye-laws
State: Karnataka
Year: 1976
(1) If, in respect of any of the matters specified in section 423, the corporation has failed to make any bye-laws or if the bye-laws made by it are not, in its opinion adequate, the Government may make rules providing for such maters to such extent as it may think fit. (2) Rules made under this section, may add to, alter, or cancel any byelaw made by the corporation. (3) If any provision of a bye-law made by the corporation is repugnant to any provision of a rule made under this section, the rule shall prevail and the bye-law shall, to the extent of the repugnancy, be void. (4) The provisions of sections 424, 426, of the second sentence of subsection (1) of section 428 and of section 430 shall apply to the rules made under this section as they apply to the bye-laws made under section 423. (5) Before making any rule under this section the Government shall give the corporation an opportunity of showing cause against the making thereof.
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