Section 133. Central Government to prescribe accounting standards.
Section 133.Central Government to prescribe accounting standards.The Central Government may prescribe the standards of accounting or any addendum thereto, as recommended by the Institute of Chartered...
View ArticleSection 161. Appointment of additional director, alternate director and...
Section 161.Appointment of additional director, alternate director and nominee director.(1) The articles of a company may confer on its Board of Directors the power to appoint any person, other...
View ArticleSections 162 and 163 of Companies Act 2013.
Section 162.Appointment of directors to be voted individually1) At a general meeting of a company, a motion for the appointment of two or more persons as directors of the company by a single...
View ArticleSection 176. Defects in appointment of directors not to invalidate actions...
Section 176.Defects in appointment of directors not to invalidate actions taken.No act done by a person as a director shall be deemed to be invalid, notwithstanding that it was subsequently noticed...
View ArticleSections 180 to 183 of Companies Act 2013
Section 180.Restrictions on powers of Board.1) The Board of Directors of a company shall exercise the following powers only with the consent of the company by a special resolution, namely:—a)...
View ArticleSection 185. Loan to directors, etc.
Section 185.Loan to directors, etc.1) Save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of...
View ArticleSection 192. Restriction on non-cash transactions involving directors.
Section 192.Restriction on non-cash transactions involving directors.(1) No company shall enter into an arrangement by which—(a) a director of the company or its holding, subsidiary or...
View ArticleSection 194. Prohibition on forward dealings in securities of company by...
Section 194.Prohibition on forward dealings in securities of company by director or key managerial personnel.(1) No director of a company or any of its key managerial personnel shall buy in the...
View ArticleSection 195. Prohibition on insider trading of securities.
Section 195.Prohibition on insider trading of securities.1) No person including any director or key managerial personnel of a company shall enter into insider trading:Provided that nothing...
View ArticleSection 202. Compensation for loss of office of managing or whole-time...
Section 202.Compensation for loss of office of managing or whole-time director or manager.(1) A company may make payment to a managing or whole-time director or manager, but not to any other...
View ArticleSection 379. Application of Act to foreign companies.
Section 379.Application of Act to foreign companies.Where not less than fifty per cent. of the paid-up share capital, whether equity or preference or partly equity and partly preference, of a foreign...
View ArticleSections 382 and 383 of the Companies Act 2013
Section 382.Display of name, etc., of foreign company.Every foreign company shall—a) conspicuously exhibit on the outside of every office or place where it carries on business in India, the name...
View ArticleSection 386. Interpretation.
Section 386.Interpretation.For the purposes of the foregoing provisions of this Chapter,—a) the expression “certified” means certified in the prescribed manner to be a true copy or a correct...
View ArticleSection 394. Annual reports on Government companies.
Section 394.Annual reports on Government companies.1) Where the Central Government is a member of a Government company, the Central Government shall cause an annual report on the working and...
View ArticleSection 405. Power of Central Government to direct companies to furnish...
Section 405.Power of Central Government to direct companies to furnish information or statistics.(1) The Central Government may, by order, require companies generally, or any class of companies, or...
View ArticleSections 407 to 414 of the Companies Act 2013
NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNALSection 407.Definitions.In this Chapter, unless the context otherwise requires,—(a) “Chairperson” means the Chairperson of the Appellate...
View ArticleSection 439. Offences to be noncognizable.
Section 439.Offences to be noncognizable.(1) Notwithstanding anything in the Code of Criminal Procedure, 1973, every offence under this Act except the offences referred to in sub-section (6) of...
View ArticleSections 443 to 453 of the Companies Act 2013
Section 443.Power of Central Government to appoint company prosecutors.Notwithstanding anything contained in the Code of Criminal Procedure, 1973, the Central Government may appoint generally, or for...
View ArticleSections 456 to 463 of the Companies Act 2013
Section 456.Protection of action taken in good faith.No suit, prosecution or other legal proceeding shall lie against the Government or any officer of the Government or any other person in respect of...
View ArticleSections 467 to 470 of the Companies Act 2013.
Section 467.Power of Central Government to amend Schedules.(1) Subject to the provisions of this section, the Central Government may, by notification, alter any of the regulations, rules, Tables,...
View ArticleApplicable Sections of Companies Act 2013 from 12th September, 2013.
As per the notification issued by the Ministry of Corporate Affairs on 12th September 2013, following provisions of Companies Act 2013 shall come in to force from 12th September 2013.(Click on the link...
View ArticleNotification issued by CBDT on new procedure on non-resident payments and...
The Central Board of Direct Taxes has issued notification no 67/2013 dated 2 Sept 2013relating to remittance procedure for non resident payments. The new notification prescribes a revised process for...
View ArticleStatus Holders Incentive Scrip (SHIS) benefit for exporters
Under Foreign Trade Policy para no.3.16,with an objective to promote investment in upgradation of technology of some specified sectors the direct exports achieved by the business entity in the FY...
View ArticleNo TDS on service tax amount if the service tax amount shown seperatly in the...
The Central Board of Direct Taxes (CBDT) had previously issued a Circular No. 4/2008 dated 28-04-2008 wherein it was clarified that tax had to be deducted at source under section 194-I of the...
View ArticleServed From India Scheme (SFIS) for exporter of service
To accelerate the growth of export of service DGFT has introduced the incentive scheme for exporter of services from India. The scheme is called as SERVED FROM INDIA SCHEME (SFIS). An individual...
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