Vidhi Codex

The Companies Act 2013

The Companies Act 2013

Corporate2013531 sections29 chapters

The Companies Act 2013 is a comprehensive legal framework in India that governs how businesses are created, managed, and eventually closed. It regulates everything from a company's initial registration and the rules for issuing shares to the specific duties of directors and the legal process for merging with or acquiring other business entities. This law applies to all companies formed in India, including banking and insurance firms, as well as foreign corporations doing business there. It matters because it ensures companies operate transparently and honestly, protecting investors and the public while requiring larger businesses to contribute to social and environmental projects.

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Chapter 1 PRELIMINARY →

  1. 0Preamble
  2. 1Short title, extent, commencement and application.
  3. 2Definitions.
  4. 3Formation of company.
  5. 3AMembers severally liable in certain cases.
  6. 4Memorandum

Chapter II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO →

  1. 5Articles.
  2. 6Act to override memorandum, articles, etc.
  3. 7Incorporation of company.
  4. 8Formation of companies with charitable objects, etc.
  5. 9Effect of registration.
  6. 10Effect of memorandum and articles.
  7. 10ACommencement of business, etc.
  8. 11[Omitted].
  9. 12Registered office of company.
  10. 13Alteration of memorandum.
  11. 14Alteration of articles.
  12. 15Alteration of memorandum or articles to be noted in every copy.
  13. 16Rectification of name of company.
  14. 17Copies of memorandum, articles, etc., to be given to members.
  15. 18Conversion of companies already registered.
  16. 19Subsidiary company not to hold shares in its holding company.
  17. 20Service of documents.
  18. 21Authentication of documents, proceedings and contracts.
  19. 22Execution of bills of exchange, etc.

Chapter III PROSPECTUS AND ALLOTMENT OF SECURITIES →

  1. 23Public offer and private placement.
  2. 24Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.
  3. 25Document containing offer of securities for sale to be deemed prospectus.
  4. 26Matters to be stated in prospectus.
  5. 27Variation in terms of contract or objects in prospectus.
  6. 28Offer of sale of shares by certain members of company.
  7. 29Public offer of securities to be in dematerialised form.
  8. 30Advertisement of prospectus.
  9. 31Shelf prospectus.
  10. 32Red herring prospectus.
  11. 33Issue of application forms for securities.
  12. 34Criminal liability for mis-statements in prospectus.
  13. 35Civil liability for mis-statements in prospectus.
  14. 36Punishment for fraudulently inducing persons to invest money.
  15. 37Action by affected persons.
  16. 38Punishment for personation for acquisition, etc., of securities.
  17. 39Allotment of securities by company.
  18. 40Securities to be dealt with in stock exchanges.
  19. 41Global depository receipt.
  20. 42Issue of shares on private placement basis.

Chapter IV SHARE CAPITAL AND DEBENTURES →

  1. 43Kinds of share capital.
  2. 44Nature of shares or debentures.
  3. 45Numbering of shares.
  4. 46Certificate of shares.
  5. 47Voting rights.
  6. 48Variations of shareholders’ rights.
  7. 49Calls on shares of same class to be made on uniform basis.
  8. 50Company to accept unpaid share capital, although not called up.
  9. 51Payment of dividend in proportion to amount paid-up.
  10. 52Application of premiums received on issue of shares.
  11. 53Prohibition on issue of shares at discount.
  12. 54Issue of sweat equity shares.
  13. 55Issue and redemption of preference shares.
  14. 56Transfer and transmission of securities.
  15. 57Punishment for personation of shareholder.
  16. 58Refusal of registration and appeal against refusal.
  17. 59Rectification of register of members.
  18. 60Publication of authorised, subscribed and paid-up capital.
  19. 61Power of limited company to alter its share capital.
  20. 62Further issue of share capital.
  21. 63Issue of bonus shares.
  22. 64Notice to be given to Registrar for alteration of share capital.
  23. 65Unlimited company to provide for reserve share capital on conversion into limited company.
  24. 66Reduction of share capital.
  25. 67Restriction on purchase by company or giving of loans by it for purchase of its shares.
  26. 68Power of company to purchase its own securities.
  27. 69Transfer of certain sums to capital redemption reserve account.
  28. 70Prohibition for buy-back in certain circumstances.
  29. 71Debentures.
  30. 72Power to nominate.

Chapter V ACCEPTANCE OF DEPOSITS BY COMPANIES →

  1. 73Prohibition on acceptance of deposits from public.
  2. 74Repayment of deposits, etc., accepted before commencement of this Act.
  3. 75Damages for fraud.
  4. 76Acceptance of deposits from public by certain companies.
  5. 76APunishment for contravention of section 73 or section 76.

Chapter VI REGISTRATION OF CHARGES →

  1. 77Duty to register charges, etc.
  2. 78Application for registration of charge.
  3. 79Section 77 to apply in certain matters.
  4. 80Date of notice of charge.
  5. 81Register of charges to be kept by Registrar.
  6. 82Company to report satisfaction of charge.
  7. 83Power of Registrar to make entries of satisfaction and release in absence of intimation from company.
  8. 84Intimation of appointment of receiver or manager.
  9. 85Company’s register of charges.
  10. 86Punishment for contravention.
  11. 87Rectification by Central Government in Register of charges.

Chapter VII MANAGEMENT AND ADMINISTRATION →

  1. 88Register of members, etc.
  2. 89Declaration in respect of beneficial interest in any share.
  3. 90Register of significant beneficial owners in a company.
  4. 91Power to close register of members or debenture-holders or other security holders.
  5. 92Annual return.
  6. 93Omitted.
  7. 94Place of keeping and inspection of registers, returns, etc.
  8. 95Registers, etc., to be evidence.
  9. 96Annual general meeting.
  10. 97Power of Tribunal to call annual general meeting.
  11. 98Power of Tribunal to call meetings of members, etc.
  12. 99Punishment for default in complying with provisions of sections 96 to 98.
  13. 100Calling of extraordinary general meeting.
  14. 101Notice of meeting.
  15. 102Statement to be annexed to notice.
  16. 103Quorum for meetings.
  17. 104Chairman of meetings.
  18. 105Proxies.
  19. 106Restriction on voting rights.
  20. 107Voting by show of hands.
  21. 108Voting through electronic means.
  22. 109Demand for poll.
  23. 110Postal ballot.
  24. 111Circulation of members’ resolution.
  25. 112Representation of President and Governors in meetings.
  26. 113Representation of corporations at meeting of companies and of creditors.
  27. 114Ordinary and special resolutions.
  28. 115Resolutions requiring special notice.
  29. 116Resolutions passed at adjourned meeting.
  30. 117Resolutions and agreements to be filed.
  31. 118Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot.
  32. 119Inspection of minute-books of general meeting.
  33. 120Maintenance and inspection of documents in electronic form.
  34. 121Report on annual general meeting.
  35. 122Applicability of this Chapter to One Person Company.

Chapter VIII DECLARATION AND PAYMENT OF DIVIDEND →

  1. 123Declaration of dividend.
  2. 124Unpaid Dividend Account.
  3. 125Investor Education and Protection Fund.
  4. 126Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares
  5. 127Punishment for failure to distribute dividends.

Chapter IX ACCOUNTS OF COMPANIES →

  1. 128Books of account, etc., to be kept by company.
  2. 129Financial statement.
  3. 129APeriodical financial results.
  4. 130Re-opening of accounts on court’s or Tribunal’s orders.
  5. 131Voluntary revision of financial statements or Board’s report.
  6. 132Constitution of National Financial Reporting Authority.
  7. 133Central Government to prescribe accounting standards.
  8. 134Financial statement, Board’s report, etc.
  9. 135Corporate Social Responsibility.
  10. 136Right of member to copies of audited financial statement.
  11. 137Copy of financial statement to be filed with Registrar.
  12. 138Internal audit.

Chapter X AUDIT AND AUDITORS →

  1. 139Appointment of auditors.
  2. 140Removal, resignation of auditor and giving of special notice.
  3. 141Eligibility, qualifications and disqualifications of auditors.
  4. 142Remuneration of auditors.
  5. 143Powers and duties of auditors and auditing standards.
  6. 144Auditor not to render certain services.
  7. 145Auditor to sign audit reports, etc.
  8. 146Auditors to attend general meeting.
  9. 147Punishment for contravention.
  10. 148Central Government to specify audit of items of cost in respect of certain companies.

Chapter XI APPOINTMENT AND QUALIFICATIONS OF DIRECTORS →

  1. 149Company to have Board of Directors.
  2. 150Manner of selection of independent directors and maintenance of databank of independent directors.
  3. 151Appointment of director elected by small shareholders.
  4. 152Appointment of directors.
  5. 153Application for allotment of Director Identification Number.
  6. 154Allotment of Director Identification Number.
  7. 155Prohibition to obtain more than one Director Identification Number.
  8. 156Director to intimate Director Identification Number.
  9. 157Company to inform Director Identification Number to Registrar.
  10. 158Obligation to indicate Director Identification Number.
  11. 159Penalty for default of certain provisions.
  12. 160Right of persons other than retiring directors to stand for directorship.
  13. 161Appointment of additional director, alternate director and nominee director.
  14. 162Appointment of directors to be voted individually.
  15. 163Option to adopt principle of proportional representation for appointment of directors.—
  16. 164Disqualifications for appointment of director.
  17. 165Number of directorships.
  18. 166Duties of directors.
  19. 167Vacation of office of director.
  20. 168Resignation of director.
  21. 169Removal of directors.
  22. 170Register of directors and key managerial personnel and their shareholding.
  23. 171Members’ right to inspect.
  24. 172Penalty.

Chapter XII MEETINGS OF BOARD AND ITS POWERS →

  1. 173Meetings of Board.
  2. 174Quorum for meetings of Board.
  3. 175Passing of resolution by circulation.
  4. 176Defects in appointment of directors not to invalidate actions taken.
  5. 177Audit Committee.
  6. 178Nomination and Remuneration Committee and Stakeholders Relationship Committee.
  7. 179Powers of Board.
  8. 180Restrictions on powers of Board.
  9. 181Company to contribute to bona fide and charitable funds, etc.
  10. 182Prohibitions and restrictions regarding political contributions.
  11. 183Power of Board and other persons to make contributions to national defence fund, etc.
  12. 184Disclosure of interest by director.
  13. 185Loans to directors, etc.
  14. 186Loan and investment by company.
  15. 187Investments of company to be held in its own name.
  16. 188Related party transactions.
  17. 189Register of contracts or arrangements in which directors are interested.
  18. 190Contract of employment with managing or whole-time director.
  19. 191Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares
  20. 192Restriction on non-cash transactions involving directors.
  21. 193Contract by One Person Company.
  22. 194Prohibition on forward dealings in securities of company by director or key managerial

Chapter XIII APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL →

  1. 195Prohibition on insider trading of securities.
  2. 196Appointment of managing director, whole-time director or manager.
  3. 197Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits.
  4. 198Calculation of profits.
  5. 199Recovery of remuneration in certain cases.
  6. 200Central Government or company to fix limit with regard to remuneration.
  7. 201Forms of, and procedure in relation to, certain applications.
  8. 202Compensation for loss of office of managing or whole-time director or manager.
  9. 203Appointment of key managerial personnel.
  10. 204Secretarial audit for bigger companies.
  11. 205Functions of company secretary.

Chapter XIV INSPECTION, INQUIRY AND INVESTIGATION →

  1. 206Power to call for information, inspect books and conduct inquiries.
  2. 207Conduct of inspection and inquiry.
  3. 208Report on inspection made.
  4. 209Search and seizure.
  5. 210Investigation into affairs of company.
  6. 211Establishment of Serious Fraud Investigation Office.
  7. 212Investigation into affairs of Company by Serious Fraud Investigation Office.
  8. 213Investigation into company’s affairs in other cases.
  9. 214Security for payment of costs and expenses of investigation.
  10. 215Firm, body corporate or association not to be appointed as inspector.
  11. 216Investigation of ownership of company.
  12. 217Procedure, powers, etc., of inspectors.
  13. 218Protection of employees during investigation.
  14. 219Power of inspector to conduct investigation into affairs of related companies, etc.
  15. 220Seizure of documents by inspector.
  16. 221Freezing of assets of company on inquiry and investigation.
  17. 222Imposition of restrictions upon securities.
  18. 223Inspector’s report.
  19. 224Actions to be taken in pursuance of inspector’s report.
  20. 225Expenses of investigation.
  21. 226Voluntary winding up of company, etc., not to stop investigation proceedings.
  22. 227Legal advisors and bankers not to disclose certain information.
  23. 228Investigation, etc., of foreign companies.
  24. 229Penalty for furnishing false statement, mutilation, destruction of documents.

Chapter XV COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS →

  1. 230Power to compromise or make arrangements with creditors and members.
  2. 231Power of Tribunal to enforce compromise or arrangement.
  3. 232Merger and amalgamation of companies.
  4. 233Merger or amalgamation of certain companies.
  5. 234Merger or amalgamation of company with foreign company.
  6. 235Power to acquire shares of shareholders dissenting from scheme or contract approved by majority.
  7. 236Purchase of minority shareholding.
  8. 237Power of Central Government to provide for amalgamation of companies in public interest.
  9. 238Registration of offer of schemes involving transfer of shares.
  10. 239Preservation of books and papers of amalgamated companies.
  11. 240Liability of officers in respect of offences committed prior to merger, amalgamation, etc.—

Chapter XVI PREVENTION OF OPPRESSION AND MISMANAGEMENT →

  1. 241Application to Tribunal for relief in cases of oppression, etc.
  2. 242Powers of Tribunal.
  3. 243Consequence of termination or modification of certain agreements.
  4. 244Right to apply under section 241.
  5. 245Class action.
  6. 246Application of certain provisions to proceedings under section 241 or section 245.

Chapter XVII REGISTERED VALUERS →

  1. 247Valuation by registered valuers.

Chapter XVIII REMOVAL OF NAMES OF COMPANIES FROM THE REGISTER OF COMPANIES →

  1. 248Power of Registrar to remove name of company from register of companies.
  2. 249Restrictions on making application under section 248 in certain situations.
  3. 250Effect of company notified as dissolved.
  4. 251Fraudulent application for removal of name.
  5. 252Appeal to Tribunal.

Chapter XIX REVIVAL AND REHABILITATION OF SICK COMPANIES →

  1. 253Determination of sickness
  2. 254Application for revival and rehabilitation
  3. 255Exclusion of certain time in computing period of limitation.
  4. 256Appointment of interim administrator.
  5. 257Committee of creditors.
  6. 258Order of Tribunal.
  7. 259Appointment of administrator
  8. 260Powers and duties of company administrator.
  9. 261Scheme of revival and rehabilitation.
  10. 262Sanction of scheme
  11. 263Scheme to be binding
  12. 264Implementation of scheme
  13. 265Winding up of company on report of company administrator.
  14. 266Power of Tribunal to assess damages against delinquent directors, etc.
  15. 267Punishment for certain offences.
  16. 268Bar of jurisdiction
  17. 269Rehabilitation and Insolvency Fund.

Chapter XX WINDING UP →

  1. 270Modes of winding up.
  2. 271Circumstances in which company may be wound up by Tribunal.
  3. 272Petition for winding up.
  4. 273Powers of Tribunal.
  5. 274Directions for filing statement of affairs.
  6. 275Company Liquidators and their appointments.
  7. 276Removal and replacement of liquidator.
  8. 277Intimation to Company Liquidator, provisional liquidator and Registrar.
  9. 278Effect of winding up order.
  10. 279Stay of suits, etc., on winding up order.
  11. 280Jurisdiction of Tribunal.
  12. 281Submission of report by Company Liquidator.
  13. 282Directions of Tribunal on report of Company Liquidator.
  14. 283Custody of company’s properties.
  15. 284Promoters, directors, etc., to cooperate with Company Liquidator.
  16. 285Settlement of list of contributories and application of assets.
  17. 286Obligations of directors and managers.
  18. 287Advisory committee.
  19. 288Submission of periodical reports to Tribunal.
  20. 289Power of Tribunal on application for stay of winding up.
  21. 290Powers and duties of Company Liquidator.
  22. 291Provision for professional assistance to Company Liquidator.
  23. 292Exercise and control of Company Liquidator’s powers.
  24. 293Books to be kept by Company Liquidator.
  25. 294Audit of Company Liquidator’s accounts.
  26. 295Payment of debts by contributory and extent of set-off.
  27. 296Power of Tribunal to make calls.
  28. 297Adjustment of rights of contributories.
  29. 298Power to order costs.
  30. 299Power to summon persons suspected of having property of company, etc.
  31. 300Power to order examination of promoters, directors, etc.
  32. 301Arrest of person trying to leave India or abscond.
  33. 302Dissolution of company by Tribunal.
  34. 303Appeals from orders made before commencement of Act.
  35. 304Circumstances in which company may be wound up voluntarily.
  36. 305Declaration of solvency in case of proposal to wind up voluntarily.
  37. 306Meeting of creditors.
  38. 307Publication of resolution to wind up voluntarily.
  39. 308Commencement of voluntary winding up.
  40. 309Effect of voluntary winding up.
  41. 310Appointment of Company Liquidator.
  42. 311Power to remove and fill vacancy of Company Liquidator
  43. 312Notice of appointment of Company Liquidator to be given to Registrar.
  44. 313Cesser of Board‘s powers on appointment of Company Liquidator.
  45. 314Powers and duties of Company Liquidator in voluntary winding up
  46. 315Appointment of committees.
  47. 316Company Liquidator to submit report on progress of winding up.
  48. 317Report of Company Liquidator to Tribunal for examination of persons
  49. 318Final meeting and dissolution of company
  50. 319Power of Company Liquidator to accept shares, etc., as consideration for sale of property of company
  51. 320Distribution of property of company
  52. 321Arrangement when binding on company and creditors.
  53. 322Power to apply to Tribunal to have questions determined, etc.
  54. 323Costs of voluntary winding up.
  55. 324Debts of all descriptions to be admitted to proof.
  56. 325Application of insolvency rules in winding up of insolvent companies.
  57. 326Overriding preferential payments.
  58. 327Preferential payments.
  59. 328Fraudulent preference.
  60. 329Transfers not in good faith to be void.
  61. 330Certain transfers to be void.
  62. 331Liabilities and rights of certain persons fraudulently preferred.
  63. 332Effect of floating charge.
  64. 333Disclaimer of onerous property.
  65. 334Transfers, etc., after commencement of winding up to be void.
  66. 335Certain attachments, executions, etc., in winding up by Tribunal to be void.
  67. 336Offences by officers of companies in liquidation.
  68. 337Penalty for frauds by officers.
  69. 338Liability where proper accounts not kept.
  70. 339Liability for fraudulent conduct of business.
  71. 340Power of Tribunal to assess damages against delinquent directors, etc.
  72. 341Liability under sections 339 and 340 to extend to partners or directors in firms or companies
  73. 342Prosecution of delinquent officers and members of company.
  74. 343Company Liquidator to exercise certain powers subject to sanction.
  75. 344Statement that company is in liquidation.
  76. 345Books and papers of company to be evidence.
  77. 346Inspection of books and papers by creditors and contributories.
  78. 347Disposal of books and papers of company.
  79. 348Information as to pending liquidations.
  80. 349Official Liquidator to make payments into public account of India.
  81. 350Company Liquidator to deposit monies into scheduled bank.
  82. 351Liquidator not to deposit monies into private banking account.
  83. 352Company Liquidation Dividend and Undistributed Assets Account.
  84. 353Liquidator to make returns, etc.
  85. 354Meetings to ascertain wishes of creditors or contributories.
  86. 355Court, tribunal or person, etc., before whom affidavit may be sworn.
  87. 356Powers of Tribunal to declare dissolution of company void.
  88. 357Commencement of winding up by Tribunal.
  89. 358Exclusion of certain time in computing period of limitation.
  90. 359Appointment of Official Liquidator.
  91. 360Powers and functions of Official Liquidator.
  92. 361Summary procedure for liquidation.
  93. 362Sale of assets and recovery of debts due to company.
  94. 363Settlement of claims of creditors by Official Liquidator.
  95. 364Appeal by creditor.
  96. 365Order of dissolution of company.

Chapter XXI COMPANIES AUTHORISED TO REGISTER UNDER THIS ACT →

  1. 0Preamble
  2. 366Companies capable of being registered.
  3. 367Certificate of registration of existing companies.
  4. 368Vesting of property on registration.
  5. 369Saving of existing liabilities.
  6. 370Continuation of pending legal proceedings.
  7. 371Effect of registration under this Part.
  8. 372Power of Court to stay or restrain proceedings.
  9. 373Suits stayed on winding up order.
  10. 374Obligations of companies registering under this Part.
  11. 375Winding up of unregistered companies.
  12. 376Power to wind up foreign companies, although dissolved.
  13. 377Provisions of Chapter cumulative.
  14. 378Saving and construction of enactments conferring power to wind up partnership firm, association or company, etc., in certain cases.
  15. 378ADefinitions.
  16. 378BObjects of Producer Company.
  17. 378CFormation of Producer Company and its registration.
  18. 378DMembership and voting rights of Members of Producer Company.
  19. 378EBenefits to Members.
  20. 378FMemorandum of Producer Company.
  21. 378GArticles of association.
  22. 378HAmendment of memorandum.
  23. 378JOption to inter-State co-operative societies to become Producer Companies.
  24. 378KEffect of incorporation of Producer Company.
  25. 378LVesting of undertaking in Producer Company.
  26. 378MConcession etc., to be deemed to have been granted to Producer Company.
  27. 378NProvisions in respect of officers and other employees of inter-State co-operative society.—
  28. 378PAppointment of directors.
  29. 378QVacation of office by directors.
  30. 378RPowers and functions of Board.
  31. 378SMatters to be transacted at general meeting.
  32. 378TLiability of directors.
  33. 378UCommittee of directors.
  34. 378VMeetings of Board and quorum.
  35. 378WChief Executive and his functions.
  36. 378XSecretary of Producer Company.
  37. 378YQuorum.
  38. 378ZVoting rights.
  39. 378ZAAnnual general meetings.
  40. 378ZBShare capital.
  41. 378ZCSpecial user rights.
  42. 378ZDTransferability of shares and attendant rights.
  43. 378ZEBooks of account.
  44. 378ZFInternal audit.
  45. 378ZGDuties of auditor under this Chapter.
  46. 378ZHDonation or subscription by Producer Company.
  47. 378ZJIssue of bonus Shares.
  48. 378ZKLoan, etc., to Members.
  49. 378ZLInvestment in other companies, formation of subsidiaries etc.
  50. 378ZMPenalty for contravention.
  51. 378ZNAmalgamation merger or division, etc. to form new Producer Companies
  52. 378ZPStrike off name of Producer Company.
  53. 378ZQProvisions of this Chapter to override other laws.
  54. 378ZRApplication of provisions relating to private companies.
  55. 378ZSRe-conversion of Producer Company to inter-State co-operative society.
  56. 378ZTPower to modify Act in its application to Producer Companies.
  57. 378ZUPower to make rules.

Chapter XXII COMPANIES INCORPORATED OUTSIDE INDIA →

  1. 379Application of Act to foreign companies.
  2. 380Documents, etc., to be delivered to Registrar by foreign companies.
  3. 381Accounts of foreign company.
  4. 382Display of name, etc., of foreign company.
  5. 383Service on foreign company.
  6. 384Debentures, annual return, registration of charges, books of account and their inspection.—
  7. 385Fee for registration of documents.
  8. 386Interpretation.
  9. 387Dating of prospectus and particulars to be contained therein.
  10. 388Provisions as to expert’s consent and allotment.
  11. 389Registration of prospectus.
  12. 390Offer of Indian Depository Receipts.
  13. 391Application of sections 34 to 36 and Chapter XX.
  14. 392Punishment for contravention.
  15. 393Company’s failure to comply with provisions of this Chapter not to affect validity of contracts, etc.
  16. 393AExemptions under this Chapter.

Chapter XXIII GOVERNMENT COMPANIES →

  1. 394Annual reports on Government companies.
  2. 395Annual reports where one or more State Governments are members of companies.

Chapter XXIV REGISTRATION OFFICES AND FEES →

  1. 396Registration offices.
  2. 397Admissibility of certain documents as evidence.
  3. 398Provisions relating to filing of applications, documents, inspection, etc., in electronic form.—
  4. 399Inspection, production and evidence of documents kept by Registrar.
  5. 400Electronic form to be exclusive, alternative or in addition to physical form.
  6. 401Provision of value added services through electronic form.
  7. 402Application of provisions of Information Technology Act, 2000.
  8. 403Fee for filing, etc.
  9. 404Fees, etc., to be credited into public account.

Chapter XXV COMPANIES TO FURNISH INFORMATION OR STATISTICS →

  1. 405Power of Central Government to direct companies to furnish information or statistics.

Chapter XXVI NIDHIS →

  1. 406Provision relating to Nidhis and its application, etc.

Chapter XXVII NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL →

  1. 407Definitions.
  2. 408Constitution of National Company Law Tribunal.
  3. 409Qualification of President and Members of Tribunal.
  4. 410Constitution of Appellate Tribunal.
  5. 411Qualifications of chairperson and Members of Appellate Tribunal.
  6. 412Selection of Members of Tribunal and Appellate Tribunal.
  7. 413Term of office of President, chairperson and other Members.
  8. 414Salary, allowances and other terms and conditions of service of Members.
  9. 415Acting President and Chairperson of Tribunal or Appellate Tribunal.
  10. 416Resignation of Members.
  11. 417Removal of Members.
  12. 417AQualifications, terms and conditions of service of Chairperson and Member.
  13. 418Staff of Tribunal and Appellate Tribunal.
  14. 418ABenches of Appellate Tribunal.
  15. 419Benches of Tribunal.
  16. 420Orders of Tribunal.
  17. 421Appeal from orders of Tribunal
  18. 422Expeditious disposal by Tribunal and Appellate Tribunal.
  19. 423Appeal to Supreme Court.
  20. 424Procedure before Tribunal and Appellate Tribunal.
  21. 425Power to punish for contempt.
  22. 426Delegation of powers.
  23. 427President, Members, officers, etc., to be public servants.
  24. 428Protection of action taken in good faith.
  25. 429Power to seek assistance of Chief Metropolitan Magistrate, etc.
  26. 430Civil court not to have jurisdiction.
  27. 431Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings.
  28. 432Right to legal representation.
  29. 433Limitation.
  30. 434Transfer of certain pending proceedings.

Chapter XXVIII SPECIAL COURTS →

  1. 435Establishment of Special Courts.
  2. 436Offences triable by Special Courts.
  3. 437Appeal and revision.
  4. 438Application of Code to proceedings before Special Court.
  5. 439Offences to be non-cognizable.
  6. 440Transitional provisions.
  7. 441Compounding of certain offences.
  8. 442Mediation and Conciliation Panel.
  9. 443Power of Central Government to appoint company prosecutors.
  10. 444Appeal against acquittal.
  11. 445Compensation for accusation without reasonable cause.
  12. 446Application of fines.
  13. 446AFactors for determining level of punishment.
  14. 446BLesser penalties for certain companies.

Chapter XXIX MISCELLANEOUS →

  1. 447Punishment for fraud.
  2. 448Punishment for false statement.
  3. 449Punishment for false evidence.
  4. 450Punishment where no specific penalty or punishment is provided.
  5. 451Punishment in case of repeated default.
  6. 452Punishment for wrongful withholding of property.
  7. 453Punishment for improper use of “Limited” or “Private Limited”.
  8. 454Adjudication of penalties.
  9. 454APenalty for repeated default.
  10. 455Dormant company.
  11. 456Protection of action taken in good faith.
  12. 457Non-disclosure of information in certain cases.
  13. 458Delegation by Central Government of its powers and functions.
  14. 459Powers of Central Government of Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications.
  15. 460Condonation of delay in certain cases.
  16. 461Annual report by Central Government.
  17. 462Power to exempt class or classes of companies from provisions of this Act.
  18. 463Power of court to grant relief in certain cases.
  19. 464Prohibition of association or partnership of persons exceeding certain number.
  20. 465Repeal of certain enactments and savings.
  21. 466Dissolution of Company Law Board and consequential provisions.
  22. 467Power of Central Government to amend Schedules.
  23. 468Powers of Central Government to make rules relating to winding up.
  24. 469Power of Central Government to make rules.
  25. 470Power to remove difficulties.

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