Book on Companies act along with rules & forms

Young Global’s
Companies ACT
along with
rules & forms
FOR HARD COPY PLEASE VISIT the below link of
amazon for Cash on delivery
www.amazon.in/Companies-Along-Rules-Forms-
September/dp/8188274615/ref=sr_1_1?
ie=UTF8&qid=1475949960&sr=8-1&keywords=companie
s+act+along+with+rules+%26+forms

Young Global Publications
Office : D- 22 Ganesh Nagar Pandav Nagar Complex Delhi - 110092
Bookstore : B 4, Basement, Vandhana Building,
11 Tolstoy Marg New Delhi - 110001
Telephone Numbers : 41824268, 23324142, 23324153
E-mail : info@youngglobals.com
Website : www.bookskhoj.com
FOR HARD COPY PLEASE VISIT the below link of
amazon for Cash on delivery
www.amazon.in/Companies-Along-Rules-Forms-
September/dp/8188274615/ref=sr_1_1?
ie=UTF8&qid=1475949960&sr=8-1&keywords=compan
ies+act+along+with+rules+%26+forms

Young Global’s
Companies ACT
along with
rules & forms
2016
5th Edition
By LALIT KAKKAR
B.COM, F.CS, LL.B
Assisted By
Sachin Rai
SEPTEMBER

Published By :
Office : D- 22 Ganesh Nagar Pandav Nagar Complex
Delhi - 110092
Bookstore : B 4, Basement, Vandhana Building, 11
Tolstoy Marg New Delhi - 110001
Telephone Numbers : 41824268, 23324142, 23324153
E-mail : info@youngglobals.com
Website : www.bookskhoj.com
SEPTEMBER, 2016
Copyright
© All rights reserved. No Part of this
Book may be reproduced in any manner.
Every effort has been made to avoid errors or omissions in this publication. In spite of
this, errors may creep in. Any mistake, error or discrepancy noted may be brought to
our notice which shall be taken care of in the next edition. It is notified that neither the
publisher nor the author or seller will be responsible for any damage or loss of action to
any one, of any kind, in any manner, therefrom. It is suggested that to avoid any doubt
the reader should cross-check all the facts, law and contents of the publication with
original Government publication or notification.
No part of this book may be reproduced or copied in any form or by any means (graphic,
electronic or mechanical, including photocopying, recording, taping or information
retrievalsystems) or reproducedonanydisc,tape,perforatedmediaorotherinformation
storage device, etc., without the written permission of the publishers. Breach of this
condition is liable for legal action.
For binding mistake, misprints or for missing pages etc. the publisher’s liability is limited
to replacement within one month of purchase by similar edition. All expenses in this
connection are to be borne by the purchaser.
All disputes are subject to Delhi Jurisdiction only.

Contents
Page No.
Part I
I. Section wise Reference Table of Companies Act 2013 in comparison
with Companies Act 1956...............................................................................................1.1
II. Section wise Reference Table of Companies Act, 1956
in comparison with Companies Act 2013............................................................. 1.43
III. Sections of Companies Act, 2013 Enforcement Date ....................................... 1.99
IV. Sections of Companies Act, 2013 Not Yet Enforced........................................1.119
V. Exemptions To Private Companies........................................................................1.125
VI. Exemptions To Section 8 Companies....................................................................1.129
VII. Exemptions To Nidhis..................................................................................................1.133
VIII. Exemptions To Government Companies.............................................................1.137
IX. Table Of Fees....................................................................................................................1.143
Part II
Chapter I
Preliminary
1. Short title, extent, commencement and application............................................2.1
2. Definitions..............................................................................................................................2.2
(1) abridged prospectus...........................................................................................2.2
(2) accounting standards.........................................................................................2.2
(3) alter” or “alteration.............................................................................................2.2
(4) Appellate Tribunal..............................................................................................2.2
(5) Articles.....................................................................................................................2.2
(6) associate company..............................................................................................2.2
(7) auditing standards..............................................................................................2.2
(8) authorised capital or nominal capital.........................................................2.2
(9) banking company................................................................................................2.3
(10) Board of Directors or Board............................................................................2.3
(11) body corporate or corporation......................................................................2.3
(12) book and paper and book or paper..............................................................2.3
i

CONTENTSii
(13) books of account..................................................................................................2.3
(14) branch office..........................................................................................................2.3
(15) called-up capital...................................................................................................2.3
(16) charge.......................................................................................................................2.3
(17) chartered accountant.........................................................................................2.3
(18) Chief Executive Officer......................................................................................2.3
(19) Chief Financial Officer........................................................................................2.3
(20) Company..................................................................................................................2.4
(21) company limited by guarantee......................................................................2.4
(22) company limited by shares.............................................................................2.4
(23) Company Liquidator...........................................................................................2.4
(24) company secretary or secretary...................................................................2.4
(25) company secretary in practice.......................................................................2.4
(26) contributory...........................................................................................................2.4
(27) control......................................................................................................................2.4
(28) cost accountant.....................................................................................................2.4
(29) court..........................................................................................................................2.5
(30) debenture................................................................................................................2.5
(31) deposit......................................................................................................................2.5
(32) depository...............................................................................................................2.6
(33) derivative................................................................................................................2.6
(34) director.....................................................................................................................2.6
(35) dividend...................................................................................................................2.6
(36) document................................................................................................................2.6
(37) employees’ stock option...................................................................................2.6
(38) expert........................................................................................................................2.6
(39) financial institution.............................................................................................2.6
(40) financial statement.............................................................................................2.6
(41) financial year.........................................................................................................2.6
(42) foreign company..................................................................................................2.7
(43) free reserves..........................................................................................................2.7
(44) Global Depository Receipt...............................................................................2.7
(45) Government company.......................................................................................2.7
(46) holding company.................................................................................................2.7
(47) independent director.........................................................................................2.8
(48) Indian Depository Receipt...............................................................................2.8
(49) interested director..............................................................................................2.8
(50) issued capital.........................................................................................................2.8
(51) key managerial personnel................................................................................2.8
(52) listed company......................................................................................................2.8
(53) manager...................................................................................................................2.8
(54) managing director...............................................................................................2.8

iiiCONTENTS
(55) member....................................................................................................................2.9
(56) memorandum........................................................................................................2.9
(57) net worth.................................................................................................................2.9
(58) notification.............................................................................................................2.9
(59) officer........................................................................................................................2.9
(60) officer who is in default....................................................................................2.9
(61) Official Liquidator............................................................................................. 2.10
(62) One Person Company...................................................................................... 2.10
(63) ordinary or special resolution..................................................................... 2.10
(64) paid-up share capital or share capital paid-up.................................... 2.10
(65) postal ballot......................................................................................................... 2.10
(66) prescribed............................................................................................................ 2.10
(67) previous company law................................................................................... 2.10
(68) private company............................................................................................... 2.11
(69) promoter.............................................................................................................. 2.11
(70) prospectus........................................................................................................... 2.12
(71) public company................................................................................................. 2.12
(72) public financial institution............................................................................ 2.12
(73) recognised stock exchange........................................................................... 2.12
(74) register of companies..................................................................................... 2.12
(75) Registrar............................................................................................................... 2.12
(76) related party....................................................................................................... 2.13
(77) relative.................................................................................................................. 2.13
(78) remuneration..................................................................................................... 2.13
(79) Schedule................................................................................................................ 2.13
(80) scheduled bank.................................................................................................. 2.14
(81) securities.............................................................................................................. 2.14
(82) Securities and Exchange Board.................................................................. 2.14
(83) Serious Fraud Investigation Office............................................................ 2.14
(84) Share...................................................................................................................... 2.14
(85) small company................................................................................................... 2.14
(86) subscribed capital............................................................................................. 2.14
(87) subsidiary company or subsidiary............................................................ 2.14
(88) sweat equity shares......................................................................................... 2.15
(89) total voting power............................................................................................ 2.15
(90) Tribunal................................................................................................................ 2.15
(91) Turnover............................................................................................................... 2.15
(92) unlimited company.......................................................................................... 2.16
(93) voting right.......................................................................................................... 2.16
(94) whole-time director......................................................................................... 2.16
(94A) winding up.......................................................................................................... 2.16
(95) words and expressions.................................................................................. 2.16

iv CONTENTS
RULES FRAMED UNDER CHAPTER I
Companies (Specification Of Definitions Details) Rules, 2014.
1. Short title and commencement.................................................................................. 2.17
2. Definitions........................................................................................................................... 2.17
3. Related party...................................................................................................................... 2.19
4. List of relatives in terms of clause (77) of section 2......................................... 2.19
Chapter II
Incorporation of Company and Matters Incidental Thereto
3. Formation of company.................................................................................................. 2.21
4. Memorandum ................................................................................................................... 2.22
5. Articles ................................................................................................................................. 2.25
6. Act to override memorandum, articles, etc ......................................................... 2.26
7. Incorporation of company........................................................................................... 2.26
8. Formation of companies with charitable objects, etc...................................... 2.29
9. Effect of Registration .................................................................................................... 2.31
10. Effect of memorandum and articles ........................................................................ 2.32
11. [***] ....................................................................................................................................... 2.32
12. Registered office of company .................................................................................... 2.32
13. Alteration of memorandum ........................................................................................ 2.34
14. Alteration of articles....................................................................................................... 2.36
15. Alteration of memorandum or articles to be noted in every copy ............ 2.37
16. Rectification of name of company ........................................................................... 2.37
17. Copies of memorandum, articles, etc., to be given to members.................. 2.38
18. Conversion of companies already registered .................................................... 2.39
19. Subsidiary company not to hold shares in its holding company ................ 2.39
20. Service of documents ................................................................................................... 2.40
21. Authentication of documents, proceedings and contracts ........................... 2.40
22. Execution of bills of exchange, etc ........................................................................... 2.41
RULES FRAMED UNDER CHAPTER II
Companies (Incorporation) Rules, 2014
1. Short title and commencement.................................................................................. 2.42
2. Definitions........................................................................................................................... 2.42
3. One Person Company..................................................................................................... 2.42
4. Nomination by the subscriber or member of One Person Company......... 2.43
5. [***] ....................................................................................................................................... 2.44
6. One Person Company to convert itself into a public company or
a private company in certain cases.......................................................................... 2.44
7. Conversion of private company into One Person Company.......................... 2.45

vCONTENTS
7A. Penalty.................................................................................................................................. 2.46
8. Undesirable names.......................................................................................................... 2.46
9. Reservation of name....................................................................................................... 2.51
12. Application for incorporation of companies........................................................ 2.51
13. Signing of memorandum and articles..................................................................... 2.51
14. Declaration by professionals...................................................................................... 2.53
15. Affidavit from subscribers and first directors..................................................... 2.53
16. Particulars of every subscriber to be filed with
the Registrar at the time of incorporation............................................................ 2.53
17. Particulars of first directors of the company and their
consent to act as such..................................................................................................... 2.55
18. Certificate of incorporation......................................................................................... 2.55
19. License under section 8 for new companies with charitable
objects etc............................................................................................................................ 2.55
20. License for existing companies.................................................................................. 2.56
21. Conditions for conversion of a company registered
under Section 8 into a company of any other kind............................................ 2.57
22. Other conditions to be complied with by companies registered
under section 8 seeking conversion into any other kind............................... 2.58
23. Intimation to Registrar of revocation of licence
issued under section 8................................................................................................... 2.60
24. [***].........................................................................................................................................2.60
25. Verification of registered office................................................................................. 2.60
26. Publication of name by company.............................................................................. 2.60
27. Notice and verification of change of situation of the registered office..... 2.61
28. Shifting of registered office within the same State............................................ 2.61
29. Alteration of Memorandum by change of name................................................. 2.62
30. Shifting of registered office from
one State or Union territory to another State...................................................... 2.62
32. Change of objects for which money is raised through prospectus............. 2.64
33. Alteration of articles....................................................................................................... 2.65
34. Copies of memorandum and articles, etc.
to be given to members on request being made by them.............................. 2.65
35. Service of documents..................................................................................................... 2.65
36. Integrated Process for Incorporation..................................................................... 2.66
37. Conversion of unlimited liability company into a limited
liability company by shares or guarantee............................................................. 2.68
Forms Under CHAPTER-II Companies
(Incorporation) Rules, 2014
Form No INC.1 : Application for reservation of name..................................................... 2.71
Form No INC-2 : One Person Company- Application for incorporation.................. 2.77
Form No INC-3 : One Person Company - Nominee Consent Form............................. 2.83
Form No INC-4 : One Person Company - Change in Member/Nominee.................. 2.85

vi CONTENTS
Form No INC-5 : One Person Company - Intimation of exceeding threshold........ 2.89
Form No INC-6 : One Person Company - Application for Conversion...................... 2.90
Form No INC-7 : One Person Company - Application for Incorporation
of company (other than OPC)..................................................................................................... 2.95
Form No. INC-8 : Declaration....................................................................................................2.100
Form No. INC-9 : Affidavit..........................................................................................................2.101
Form No. INC - 10 : Form for verification of signature of subscribers...................2.102
Form No. INC-11 : Certificate of Incorporation................................................................2.103
Form No INC-12 : Application For Grant of License under Sec. 8.............................2.104
Form No. INC-13 : Memorandum of Association.............................................................2.109
Form No. INC-14 : Declaration.................................................................................................2.111
Form No. INC-15 : Declaration.................................................................................................2.112
Form No. INC-16 : Licence under section 8 (1) of the Companies Act, 2013.......2.113
Form No. INC-17 : Licence under section 8(5) of the Companies Act, 2013........2.114
Form No INC-18 : Application to Regional Director for conversion
of Section 8 company into company of any other kind.................................................2.115
Form No. INC-19: Notice.............................................................................................................2.118
Form No INC-20 : Intimation to registrar of revocation/surrender
of license under Sec. 8..................................................................................................................2.119
Form No INC-21 : Declaration prior to the commencement of business
or exercising borrowing powers.............................................................................................2.121
Form No INC-22 : Notice of Situation or change of situation of
registered office..............................................................................................................................2.123
Form No INC-23 : Application to the regional director for approval
to shift the Registered office from one state to another state or from
jurisdiction of one registrar to another registrar within the same State..............2.126
Form No INC-24 : Application for approval of Central Government
for change of name........................................................................................................................2.129
Form No. INC-25: Certificate of Incorporation pursuant to change of name......2.131
Form No INC-26 : Advertisement to be published in the newspaper
for License for existing companies.........................................................................................2.132
Form No INC-27 : Conversion of public company into private company
or private company into public company...........................................................................2.134
Form No. Inc- 28 : Notice of order of the court or any other
competent authority.................................................................................................................... 2.138
Form No. Inc- 29 : Integrated Incorporation Form......................................................... 2.142
Form No. Inc- 30 : Memorandum of Association............................................................. 2.158
Form No. Inc- 31 : Articles of Association.......................................................................... 2.163

viiCONTENTS
Chapter III
Prospectus and Allotment of Securities
Part I.—Public offer
23. Public Offer and Private Placement ......................................................................2.239
24. Power of Securities and Exchange Board
to regulate issue and transfer of Securities, etc. .............................................2.239
25. Document containing offer of Securities for sale
to be Deemed Prospectus ..........................................................................................2.240
26. Matters to be stated in Prospectus ........................................................................2.241
27. Variation in terms of Contract or Objects in Prospectus ............................2.245
28. Offer of sale of shares by certain members of Company .............................2.245
29. Public offer of Securities to be in Dematerialised Forum ............................2.246
30. Advertisement of Prospectus ..................................................................................2.246
31. Shelf Prospectus ............................................................................................................2.246
32. Red Herring Prospectus .............................................................................................2.247
33. Issue of application forms for Securities ............................................................2.248
34. Criminal liability for Mis-statement in Prospectus ........................................2.248
35. Civil Liability for MIs – Statement in Prospectus ............................................2.249
36. Punishment for fraudulently inducing persons to invest money ...........2.250
37. Action by affected persons ........................................................................................2.250
38. Punishment for personation for acquisition, etc. of Securities..................2.251
39. Allotment of Securities by Company ....................................................................2.251
40. Securites to be dealt with in Stock Exchanges .................................................2.252
41. Global Depository Receipt .........................................................................................2.253
Part II.—Private placement
42. Offer of invitation for subscription of Securities of Private Placement...2.253
RULES FRAMED UNDER CHAPTER III
Companies (Prospectus and Allotment of Securities) Rules 2014
1 . Short title and commencement................................................................................2.258
2. Definitions.........................................................................................................................2.258
3. Information to be stated in the prospectus........................................................2.258
4. Reports to be set out in the Prospectus...............................................................2.261
5. Other matters and reports to be stated in the prospectus...........................2.262
6 . Period for which information to be provided in certain cases...................2.265
7. Variation in terms of contracts referred to in
the prospectus or objects for which prospectus was issued......................2.265
8. Offer of Sale by Members............................................................................................2.265
9. Dematerialisation of securities ...............................................................................2.266
10. Shelf prospectus and Information Memorandum............................................2.266

viii CONTENTS
11. Refund of Application Money...................................................................................2.266
12. Return of Allotment......................................................................................................2.266
13. Payment of commission..............................................................................................2.267
14. Private Placement..........................................................................................................2.268
Forms Under CHAPTER-III Companies
(PROSPECTUS AND ALLOTMENT OF
SECURITIES) RULES, 2014
Form No PAS-1 : Advertisement giving details of notice of special
resolution for varying the terms............................................................................................ 2.270
Form No PAS-2 : Information Memorandum.................................................................... 2.271
Form No PAS-3 : Return of Allotment................................................................................... 2.275
Form No PAS-4 : Private Placement Offer Letter.............................................................. 2.282
Form No PAS-5 : Record of a private placement offer to be kept by
the company.................................................................................................................................... 2.285
RULES FRAMED UNDER CHAPTER III
Companies (Issue of Global Depository Receipts)
1. Short title and commencement. ..............................................................................2.286
2. Definitions.........................................................................................................................2.286
3. Eligibility to issue depository receipts.................................................................2.286
4. Conditions for issue of depository receipts. ......................................................2.286
5. Manner and form of depository receipts.............................................................2.287
6. Voting rights.....................................................................................................................2.287
7. Proceeds of issue............................................................................................................2.287
8. Depository receipts prior to commencement...................................................2.287
9. Non applicability of certain provisions of the Act...........................................2.288
Chapter IV
Share Capital and Debentures
43. Kinds of Share Capital..................................................................................................2.289
44. Nature of Share or Debentures................................................................................2.290
45. Numbering of Shares ...................................................................................................2.290
46. Certificate of Shares .....................................................................................................2.290
47. Voting Rights ...................................................................................................................2.291
48. Variation of Shareholders’ Rights .........................................................................2.292
49. Calls on shares of same class to be made on uniform basis .......................2.293
50. Company to accept unpaid share capital, although not called up ............2.293
51. Payment of dividend in proportion to amount paid-up ...............................2.293
52. Application of premiums received on issue of shares ..................................2.294
53. Prohibition on issue of shares at discount..........................................................2.295

ixCONTENTS
54. Issue of Sweat Equity Shares....................................................................................2.295
55. Issue and redemption of Preference Shares .....................................................2.296
56. Transfer and transmission of Securities .............................................................2.298
57. Punishment for Personation of Shareholder ....................................................2.299
58. Refusal of registration and appeal against refusal .........................................2.300
59. Rectification of Register of Members....................................................................2.301
60. Publication of Authorized, Subscribed and Paid – up Capital.....................2.302
61. Power of Limited Company to alter its Share Capital ...................................2.302
62. Further issue of Share Capital..................................................................................2.303
63. Issue of Bonus Shares .................................................................................................2.306
64. Notice to be given to Registrar for alteration of Share Capital .................2.306
65. Unlimited Company to provide for reserve share capital ...........................2.307
66. Reduction of Share Capital.........................................................................................2.307
67. Restriction on purchase by company or giving of loans
by it for purchase of its shares.................................................................................2.309
68. Power of company to purchase its own Securities ........................................2.311
69. Transfer of certain sums to Capital Redemption Reserve Account ........2.313
70. Prohibition for buy-back in certain circumstances ........................................2.314
71. Debentures ......................................................................................................................2.314
72. Power to nominate .......................................................................................................2.316
RULES FRAMED UNDER CHAPTER IV
Companies (Share Capital And Debentures) Rules, 2014.
1. Short title and commencement................................................................................2.318
2. Definitions.........................................................................................................................2.318
3. Application........................................................................................................................2.319
4. Equity shares with differential rights...................................................................2.319
5. Certificate of shares (where shares are not in demat form.........................2.321
6. Issue of renewed or duplicate share certificate................................................2.323
7. Maintenance of share certificate forms and
related books and documents..................................................................................2.324
8. Issue of sweat equity shares.....................................................................................2.325
9. Issue and redemption of preference shares.......................................................2.328
10. Issue and redemption of preference shares by company
in infrastructural projects..........................................................................................2.329
11. Instrument of transfer.................................................................................................2.329
12. Issue of employee stock options.............................................................................2.329
13. Issue of shares on preferential basis.....................................................................2.332
14. Issue of Bonus Shares...................................................................................................2.336
15. Notice to Registrar for alteration of share capital...........................................2.336
16. Provision of money by company for purchase of its own shares by
employees or by trustees for the benefit of employees................................2.336

x CONTENTS
17. Buy-back of shares or other securities.................................................................2.337
18. Debentures........................................................................................................................2.341
19. Nomination by securities holders...........................................................................2.346
FORMS UNDER CHAPTER-IV COMPANIES
(SHARE CAPITAL AND DEBENTURES)
RULES, 2014
Form No. SH-1 : Share Certificate...........................................................................................2.348
Form No. SH-2 : Register of Renewed and Duplicate Share Certificates...............2.349
Form No. SH-3 : Register of Sweat Equity Shares............................................................2.350
Form No. SH-4 : Securities Transfer Form..........................................................................2.351
Form No. SH-5 : Notice for transfer of partly paid securities.................................... 2.353
Form No. SH-6 : Register of Employee Stock Options....................................................2.354
Form No. SH-7 : Notice to Registrar of any alteration of share capital..................2.355
Form No. SH-8 : Letter of Offer................................................................................................2.361
Form No. SH-9 : Declaration of Solvency.............................................................................2.366
Form No. SH-10 : Register of shares or other securities bought-back.................. 2.368
Form No. SH-11 : Return in respect of buy-back of securities................................. 2.370
Form No. SH-12 : Debenture Trust Deed............................................................................ 2.374
Form No. SH-13 : Nomination Form..................................................................................... 2.377
Form No. SH-14 : Cancellation or Variation of Nomination....................................... 2.378
Form No. SH-15 : Certificate of compliance in respect of buy-back
of securities .................................................................................................................................... 2.379
Chapter V
Acceptance of Deposits by Companies
73. Prohibition on acceptance of deposits from public .......................................2.381
74. Repayment of deposits, etc accepted before commencement
of this Act...........................................................................................................................2.382
75. Damages for fraud ........................................................................................................2.383
76. Acceptance of deposits from public by certain Companies ........................2.384
76A. Punishment for contravention of section 73 or section 76.........................2.384
RULES FRAMED UNDER CHAPTER V
Companies (Acceptance of Deposits) Rules, 2014
1. Short title, commencement and application. ....................................................2.386
2. Definitions.........................................................................................................................2.386
3. Terms and conditions of acceptance of deposits by companies................2.391
4. Form and particulars of advertisements or circulars....................................2.394
5. Manner and extent of deposit insurance.............................................................2.395
6. Creation of security.......................................................................................................2.395

xiCONTENTS
7. Appointment of trustee for depositors.................................................................2.396
8. Duties of trustees...........................................................................................................2.397
9. Meeting of depositors..................................................................................................2.397
10. Form of application for deposits.............................................................................2.397
11. Power to nominate........................................................................................................2.398
12. Furnishing of deposit receipts to depositors.....................................................2.398
13. Maintenance of liquid assets and creation of deposit
repayment reserve account.......................................................................................2.398
14. Registers of deposits.....................................................................................................2.398
15. General provisions regarding premature repayment of deposits............2.399
16. Return of deposits to be filed with the Registrar.............................................2.399
16A. Disclosures in the financial statement..................................................................2.399
17. Penal rate of interest....................................................................................................2.400
18. Power of Central Government to decide certain questions.........................2.400
19. Applicability of sections 73 and 74 to eligible companies...........................2.400
20. Statement regarding deposits existing as on the
date of commencement of the Act..........................................................................2.400
21. Punishment for contravention.................................................................................2.400
FORMS UNDER CHAPTER-V COMPANIES
(Acceptance of Deposits) RULES, 2014
Form DPT-1 : Circular or Circular in the Form of Advertisement
Inviting Deposits......................................................................................................................... 2.401
Form DPT-2 : Deposit Trust Deed........................................................................................ 2.403
Form DPT-3 : Return of deposits.......................................................................................... 2.405
Form DPT-4 : Statement regarding deposits existing on the
commencement of the Act....................................................................................................... 2.407
Chapter VI
Registration of Charges
77. Duty to register charges, etc......................................................................................2.409
78. Application for registration of charge ..................................................................2.410
79. Section 77 to apply in certain matters .................................................................2.410
80. Date of notice of charge ..............................................................................................2.411
81. Register of charges to be kept by Registrar .......................................................2.411
82. Company to report satisfaction of Charge ........................................................2.411
83. Power of Registrar to make enteries of satisfaction
and release in absence of intimation from company ....................................2.412
84. Intimation of appointment of Receiver or Manager ......................................2.413
85. Company’s register of Charges ................................................................................2.413
86. Punishment for Contravention ...............................................................................2.414
87. Rectification by Central Government in register of Charges.......................2.414

xii CONTENTS
RULES FRAMED UNDER CHAPTER VI
Companies (Registration of Charges) Rules, 2014
2. Definitions.........................................................................................................................2.416
3. Registration of creation or modification of charge.........................................2.416
4. Condonation of delay by Registrar.........................................................................2.417
5. Application of rules in certain matters.................................................................2.417
6. Certificate of registration...........................................................................................2.417
7. Register of charges to be kept by the Registrar................................................2.417
8. Satisfaction of charge...................................................................................................2.418
9. Intimation of appointment of Receiver or Manager.......................................2.418
10. Company’s register of charges.................................................................................2.418
11. Register open for inspection.....................................................................................2.418
12. Condonation of delay and rectification of register of charges...................2.418
FORMS UNDER CHAPTER-Vi COMPANIES
(Registration of Charges)RULES, 2014
Form No. CHG-1 : Application for registration of creation, modification............. 2.419
Form No. CHG-2 : Certificate of registration of charge................................................. 2.423
Form No. CHG-3 : Certificate of registration of modification of charge................. 2.424
Form No. CHG-4 : Particulars for satisfaction of charge thereof............................... 2.425
Form No. CHG-5 : Memorandum of satisfaction of charge.......................................... 2.428
Form No. CHG-6 : Notice of appointment or cessation of receiver
or manager....................................................................................................................................... 2.429
Form No. CHG-7 : Register of charges.................................................................................. 2.431
Form No. CHG-8 : Application to Central Government for extension of time..... 2.432
Form No. CHG-9 : Application for registration of creation or modification........ 2.435
Chapter VII
Management and Administration
88. Register of Members, etc. ..........................................................................................2.439
89. Declaration in respect of beneficial interest in any share ...........................2.440
90. Investigation of beneficial ownership of shares in certain cases .............2.441
91. Power to close register of members or debentureholders
or other security holders ...........................................................................................2.443
92. Annual Return ................................................................................................................2.444
93. Return to be filed with Registrar in case promoters’ stake changes.......2.446
94. Place of keeping and inspection of registers, returns, etc- .........................2.446
95. Registers, etc, to be evidence ...................................................................................2.447
96. Annual general meeting .............................................................................................2.447

xiiiCONTENTS
97. Power of Tribunal to call annual general meeting .........................................2.448
98. Power of Tribunal to call meetings of members, etc .....................................2.449
99. Punishment for default in complying with provisions
of sections 96 to 98.......................................................................................................2.450
100. Calling of extraordinary general meeting ..........................................................2.450
101. Notice of meeting ..........................................................................................................2.451
102. Statement to be annexed with notice ...................................................................2.452
103. Quorum for meeting ....................................................................................................2.453
104. Chairman of meeting ...................................................................................................2.455
105. Proxies ...............................................................................................................................2.455
106. Restriction on voting rights.......................................................................................2.457
107. Voting by show of hands ............................................................................................2.457
108. Voting through electronic means ...........................................................................2.458
109. Demand for poll .............................................................................................................2.458
110. Postal Ballot ...................................................................................................................2.459
111. Circulation of members’ resolution ......................................................................2.460
112. Representation of the President and Governors in meetings ...................2.461
113. Representation of Corporations at Meeting
of Companies and of Creditors.................................................................................2.461
114. Ordinary and Special Resolutions ........................................................................2.462
115. Resolutions requiring Special Notice....................................................................2.462
116. Resolutions passed at adjourned meeting..........................................................2.463
117. Resolutions and agreements to be filed ..............................................................2.463
118. Minutes of proceedings of general meeting, meeting of Board of
Directors and other meeting and resolutions passed by postal ballot...2.465
119. Inspection of minute – books of General Meeting ..........................................2.466
120. Maintenance and inspection of documents in electronic form..................2.467
121. Report on annual general meeting ........................................................................2.467
122. Applicability of this Chapter to One Person Company .................................2.468
RULES FRAMED UNDER CHAPTER VII
Companies (Management Administration) Rules, 2014.
2. Definitions.........................................................................................................................2.469
3. Register of members.....................................................................................................2.469
4. Register of debenture holders or any other security holders....................2.470
5. Maintenance of the Register of members etc. under section 88...............2.470
6. Index of names to be included in Register..........................................................2.471
7. Foreign register of members, debenture holders,
other security holders or beneficial owners residing outside India........2.471
8. Authentication.................................................................................................................2.472
9. Declaration in respect of beneficial interest in any shares..........................2.473

xiv CONTENTS
10. Closure of register of members or debenture holders
or other security holders...........................................................................................2.473
11. Annual Return.................................................................................................................2.474
12. Extract of annual return..............................................................................................2.474
13. Return of changes in shareholding position of
promoters and top ten shareholders...................................................................2.474
14. Inspection of registers, returns etc........................................................................2.474
15. Preservation of register of members etc. and annual return......................2.475
16. Copies of the registers and annual return...........................................................2.475
17. Calling of Extraordinary general meeting by requistionists.......................2.475
18. Notice of the meeting...................................................................................................2.476
19. Proxies................................................................................................................................2.477
20. Voting though electronic means..............................................................................2.477
21. Manner in which the Chairman of meeting shall get
the poll process scrutinised and report thereon..............................................2.483
22. Procedure to be followed for conducting business
through postal ballot....................................................................................................2.484
23. Special Notice..................................................................................................................2.486
24. Resolutions and agreements to be filed...............................................................2.487
25. Minutes of proceedings of general meeting, meeting of
Board of Directors and other meetings and resolutions
passed by postal ballot................................................................................................2.487
26. Copy of minute book of general meeting.............................................................2.488
27. Maintenance and inspection of document in electronic form....................2.488
28. Security of records maintained in electronic form..........................................2.489
29. Inspection and copies of records maintained in electronic form.............2.490
30. Penalty................................................................................................................................2.490
31. Report on Annual General Meeting........................................................................2.490
FORMS UNDER CHAPTER-Vii COMPANIES
(Management Administration)
RULES, 2014
Form No. MGT-1 : Register of members............................................................................... 2.491
Form No. MGT-2 : Register of debenture holders/ other securities holders....... 2.493
Form No. MGT-3 : Notice of situation or change of situation
or discontinuation of situation, of place where foreign register shall be kep......2.495
Form No. MGT-4 : Declaration by the registered owner of shares
who does not hold the beneficial interest in such shares.............................................2.497
Form No. MGT-5 : Declaration by the beneficial owner who holds
or acquires beneficial interest in shares but whose name is not
entered in the register of members........................................................................................2.499
Form no. MGT-6 : Return to the Registrar in respect of declaration
under section 89 received by the company.........................................................................2.501

xvCONTENTS
Form No. MGT-7 : Annual Return.............................................................................................2.502
Form No. MGT-8 : Certificate By A Company Secretary In Practice..........................2.513
Form No. MGT-9 : Extract Of Annual Return.......................................................................2.515
Form No. MGT-10 : Changes in shareholding position of promoters
and top ten shareholders............................................................................................................2.523
Form No. MGT-11 : Proxy form.................................................................................................2.525
Form No. MGT-12 : Polling Paper.............................................................................................2.527
FORM No. MGT-13 : Report of Scrutinizer(s).....................................................................2.528
FORM No. MGT-14 : Filing of Resolutions and agreements to the Registrar.........2.530
FORM No. MGT-15 : Form for filing Report Annual General Meeting......................2.533
Chapter VIII
Declaration and Payment of Dividend
123. Declaration of Dividend .............................................................................................2.535
124. Unpaid Dividend Account ..........................................................................................2.537
125. Investor Education and Protection Fund ...........................................................2.538
126. Right to dividend, rights shares and bonus shares to be held
in abeyance pending registration of transfer of shares................................2.541
127. Punishment for failure to distribute dividends -..............................................2.541
RULES FRAMED UNDER CHAPTER VIII
Companies (Declaration Payment of Dividend) Rules, 2014.
2. Definitions..........................................................................................................................2543
3. Declaration of dividend out of reserves....................................................................... 2.543
4. Statement of amounts to be credited to investor education
and protection fund shall be filed in Form DIV 5.............................................2.544
FORMS UNDER CHAPTER-Viii COMPANIES
(Declaration and Payment of
Dividend)RULES, 2014
FORM No.DIV 5 : Statement of amounts credited to investor education
and protection fund.......................................................................................................................2.545

xvi CONTENTS
RULES FRAMED UNDER CHAPTER VIII
Investor Education and Protection Fund Authority (Appointment of
Chairperson and Members, holding of meetings and provision for
offices and officers) Rules, 2016.
1. Short title, extent and commencement................................................................2.547
2. Definitions.........................................................................................................................2.547
3. Establishment of the Authority................................................................................2.548
4. Composition of the Authority...................................................................................2.548
Chairperson of the Authority....................................................................................2.548
6. Chief Executive Officer of the Authority...............................................................2.548
7. Members of the Authority..........................................................................................2.548
8. The term of office of members of the Authority...............................................2.548
9. The number of officers and employees of the Authority..............................2.549
10. Functions of the Authority.........................................................................................2.549
11. Meetings.............................................................................................................................2.549
12. Member not to participate in meetings in certain cases...............................2.550
13. Vacancies, etc., not to invalidate proceedings of Authority.........................2.550
14. Protection of action taken in good faith...............................................................2.550
Chapter IX
Accounts of Companies
128. Books of account etc, to be kept by company ...................................................2.553
129. Financial statement .....................................................................................................2.554
130. Re-opening of accounts on court’s or Tribunal’s orders ..............................2.557
131. Voluntary revision of financial statements on Board’s report...................2.557
132. Constitution of National Financial Reporting Authority ..............................2.558
133. Central Government to prescribe Accounting Standards ............................2.562
134. Financial statement, Board’s reports, etc ...........................................................2.562
135. Corporate Social Responsibility .............................................................................2.566
136. Right of member to copies of Audited Financial Statement........................2.567
137. Copy of financial statement to be filed with Registrar .................................2.569
138. Internal Audit..................................................................................................................2.571
RULES FRAMED UNDER CHAPTER IX
Companies (Accounts) Rules, 2014.
2. Definitions.........................................................................................................................2.572
2A. Notice of address at which books of account are
to be maintained.............................................................................................................2.572
3. Manner of books of account to be kept in electronic mode..........................2.572

xviiCONTENTS
4. Conditions regarding maintenance and inspection
of certain financial information by directors.....................................................2.573
4A. Forms and items contained in financial statements.......................................2.574
5. Form of Statement containing salient features
of financial statements of subsidiaries ................................................................2.574
6. Manner of consolidation of accounts....................................................................2.574
7. Transitional provisions with respect to Accounting Standards................2.575
8. Matters to be included in Board’s report.............................................................2.575
9. Disclosures about CSR Policy....................................................................................2.576
10. Statement containing salient features of financial statements..................2.577
11. Manner of circulation of financial statements in certain cases..................2.577
12. Filing of financial statements and fees to be paid thereon..........................2.577
13. Companies required to appoint internal auditor.............................................2.577
FORMS UNDER CHAPTER-ix COMPANIES
(Accounts)RULES, 2014
Form No. AOC-I : Statement containing salient features of the financial
statement of subsidiaries/ associate companies/joint ventures..............................2.579
Form No. AOC-2 : Form for disclosure of particulars of
contracts/arrangements.............................................................................................................2.581
FORM No. AOC-3 : Form of Abridged Financial Statements.........................................2.582
FORM No. AOC-4 : Form for filing financial statement and other documents
with the Registrar...........................................................................................................................2.587
FORM No. AOC-5 : Notice of Address at which books of account are
to be maintained.............................................................................................................................2.613
Companies (Indian Accounting Standards) Rules, 2015.
2. Definitions. .......................................................................................................................2.615
3. Applicability of Accounting Standards.................................................................2.615
4. Obligation to comply with Indian Accounting Standards (Ind AS). ........2.616
5. Exemptions.......................................................................................................................2.620
Companies (Corporate Social Responsibility Policy) Rules.
20 I 4.
2. Definitions.........................................................................................................................2.622
3. Corporste Social Responsibility, .............................................................................2.623

xviii CONTENTS
4. CSR Activities...................................................................................................................2.623
5. CSR Committees,............................................................................................................2.624
6. CSR Policy..........................................................................................................................2.625
7. CSR Expenditure,............................................................................................................2.625
8. CSR Reporting,.................................................................................................................2.625
9. Display of CSR actiyities on its website,...............................................................2.625
Chapter X
Audit and Auditors
139. Appointment of auditors ...........................................................................................2.627
140. Removal, resignation of auditor and giving of special notice.....................2.630
141. Eligibility, qualifications and disqualifications of auditor...........................2.632
142. Remuneration of auditors .........................................................................................2.633
143. Power and duties of auditors and auditing Standards .................................2.634
144. Auditor not to render certain services ................................................................2.638
145. Auditor to sign audit reports, etc ...........................................................................2.639
146. Auditors to attend general meeting ......................................................................2.639
147. Punishment for contravention ................................................................................2.640
148. Central Government to specify audit of items
of cost in respect of certain companies................................................................2.641
RULES FRAMED UNDER CHAPTER X
Companies (Audit and Auditors) Rules, 2014
2. Definitions.........................................................................................................................2.643
3. Manner and procedure of selection and appointment of auditors .........2.643
4. Conditions for appointment and notice to Registrar......................................2.644
5. Class of Companies........................................................................................................2.645
6. Manner of rotation of auditors by the companies
on expiry of their term.................................................................................................2.645
7. Removal of the auditor before expiry of his term............................................2.647
8. Resignation of auditor.................................................................................................2.647
9. Liability to devolve on concerned partners only.............................................2.647
10. Disqualifications of auditor.......................................................................................2.647
10A. Internal Financial Control Systems and its
operating effectiveness*.............................................................................................2.648
11. Other matters to be included in auditors report..............................................2.648
12. Duties and powers of the company’s auditor with
reference to the audit of the branch and the branch auditor.....................2.648
13. Reporting of frauds by auditor and other matters..........................................2.649
14. Remuneration of the Cost Auditor.- For
the purpose of sub-section (3) of section 148,..................................................2.650

xixCONTENTS
FORMS UNDER CHAPTER-x COMPANIES
(Audit and Auditors)RULES, 2014
FORM No. ADT-1 : Notice of appointment of auditor by the company....................2.651
FORM No. ADT-2 : Application for removal of auditor(s) from his/their office
before expiry of term....................................................................................................................2.652
FORM No. ADT-3 : Notice of Resignation by the Auditor...............................................2.654
Form No. ADT-4 : Report To The Central Government..................................................2.655
RULES FRAMED UNDER CHAPTER X
Companies (Cost Records And Audit) Rules, 2014
2. Definitions.........................................................................................................................2.656
3. Application of cost records........................................................................................2.657
4. Applicability for cost audit.........................................................................................2.664
5. Maintenance of records...............................................................................................2.664
6. Cost audit...........................................................................................................................2.665
7. [***] .....................................................................................................................................2.667
FORMS UNDER CHAPTER-x COMPANIES
(Cost Records and Audit)RULES, 2014
FORM No. CRA-1 : Particulars relating to the Items of Costs to be
included in the Books of Accounts..........................................................................................2.668
FORM No. CRA-2 : Form of intimation of appointment of Cost Auditor
by the Company to Central Govt..............................................................................................2.692
Form No. CRA-3 : Form of The Cost Audit Repor.............................................................2.695
Form No. CRA-4 : Form for filling Cost Audit Report with the
Central Government......................................................................................................................2.713
ORDER FRAMED UNDER CHAPTER X
Companies (Auditor’s Report) Order, 2016
1. Short title, application and commencement......................................................2.716
2. Auditor’s report to contain matters specified in
paragraphs 3 and 4. .....................................................................................................2.716
3. Matters to be included in the auditor’s report..................................................2.717
4. Reasons to be stated for unfavourable or qualified answers.....................2.719

xx CONTENTS
Chapter XI
Appointment and Qualification of Directors
149. Company to have Board of Directors ...................................................................2.721
150. Manner of selection of independent directors
and maintenance of data bank of independent Directors ...........................2.725
151. Appointment of Directors elected by Small Shareholders ..........................2.726
152. Appointment of Directors .........................................................................................2.726
153. Application for allotment of Director Identification Number ...................2.728
154. Allotment of Director Identification Number ...................................................2.729
155. Prohibition to obtain more than one Director Identification Number...2.729
156. Director to intimate Director Identification Number ..................................2.729
157. Company to inform Director Identification Number to Registrar ...........2.730
158. Obligation to indicate Director Identification Number ................................2.730
159. Punishment for contravention ................................................................................2.730
160. Right of persons other than retiring directors
to stand for directorship.............................................................................................2.731
161. Appointment of Additional Director, Alternate Director
and Nominee Director .................................................................................................2.732
162. Appointment of directors to be voted individually ........................................2.733
163. Option to adopt principle of proportional representation
for appointment of directors....................................................................................2.734
164. Disqualification for appointment of director ....................................................2.734
165. Number of directorships ...........................................................................................2.736
166. Duties of directors ........................................................................................................2.737
167. Vacation of office of Director....................................................................................2.737
168. Resignation of Director ..............................................................................................2.739
169. Removal of Directors ...................................................................................................2.739
170. Register of Directors and Key Managerial Personnel
and their shareholding ...............................................................................................2.741
171 Members’ right to Inspect .........................................................................................2.742
172. Punishment ......................................................................................................................2.742
RULES FRAMED UNDER CHAPTER XI
Companies (Appointment Qualification of Directors) Rules, 2014.
2. Definitions.........................................................................................................................2.743
3. Woman director on the Board..................................................................................2.744
4. Number of independent directors..............................................................................2.744
5. Qualifications of independent director................................................................2.745
6. Creation and maintenance of databank of
persons offering to become independent directors.......................................2.745

xxiCONTENTS
7. Small shareholders’ director.........................................................................................2.747
8. Consent to act as director...........................................................................................2.748
9. Application for allotment of Director Identification Number....................2.748
10. Allotment of DIN.............................................................................................................2.749
11. Cancellation or surrender or Deactivation of DIN..............................................2.750
12. Intimation of changes in particulars specified in DIN application................2.750
13. Notice of candidature of a person for directorship.........................................2.751
14. Disqualification of directors sub-section (2) of section 164.......................2.751
15. Notice of resignation of director.............................................................................2.752
16. Copy of resignation of director to be forwarded by him..............................2.752
17. Register of directors and key managerial personnel.- ..................................2.752
18. Return containing the particulars of directors
and the key managerial personnel. .......................................................................2.753
FORMS UNDER CHAPTER-xi COMPANIES
(Appointment Qualification of
Directors)RULES, 2014
Form DIR-1 : Application for inclusion of name in the databank
of Independent Directors............................................................................................................2.754
Form DIR-2 : Consent to act as a director of a company................................................2.755
Form DIR-3 : Application for allotment of Director Identification Number..........2.756
Form DIR 3A : Declaration..........................................................................................................2.760
Form DIR-3B : Intimation of allotment of
Director Identification Number (DIN) to the Company by the Director............... 2.761
Form DIR 3C : Intimation of Director Identification Number
by the Company to the Registrar.............................................................................................2.763
Form DIR-4 : Verification of applicant for application for DIN...................................2.767
Form DIR-5 : Application for surrender of Director Identification Number.........2.768
Form DIR-6 : Intimation of change in particulars of Director to be given
to the Central Government.........................................................................................................2.770
Form DIR 7 : Verification of applicant for change in DIN particulars......................2.773
Form DIR-8 : Intimation by Director.....................................................................................2.774
Form DIR-9 : Report by the company to Registrar..........................................................2.775
Form DIR-10 : Form of Application For Removal
of Disqualification of Directors................................................................................................2.775
Form DIR-11 : Notice of resignation of a director to the Registrar..........................2.776
Form DIR-12 :Particulars of appointment of directors and the
key managerial personnel and the changes among them............................................2.778

xxii CONTENTS
Chapter XII
Meetings of Board and Its Powers
173. Meetings of Board .........................................................................................................2.781
174. Quorum for meetings of Board................................................................................2.782
175. Passing of Resolution by Circulation ....................................................................2.783
176. Defects in appointment of directors not to invalidate actions taken......2.784
177. Audit Committee............................................................................................................2.784
178. Nomination and Remuneration Committee and Stakeholders
Relationship Committee..............................................................................................2.786
179. Power of Board ..............................................................................................................2.788
180. Restriction on powers of Board ..............................................................................2.790
181. Company to contribute to bonafide and Charitable Funds etc..................2.791
182. Prohibition and restrictions regarding Political contributions.................2.792
183. Power of Board and other persons
to make Contributions to National Defense Fund, etc ..................................2.793
184. Disclosure of interest by Director...........................................................................2.793
185. Loan to Directors ..........................................................................................................2.795
186. Loan and Investment by Company ........................................................................2.798
187. Investment of company to be held in its own name.......................................2.801
188. Related Party Transactions ......................................................................................2.802
189. Register of contracts or arrangements in which
directors are interested...............................................................................................2.805
190. Contract of employment with managing
or Whole-time Directors ............................................................................................2.806
191. Payment to director for loss of office, etc, in connection
with transfer of undertaking, property or shares............................................2.807
192. Restriction on non-cash transactions involving directors ..........................2.808
193. Contracts by One Person Company .......................................................................2.809
194. Prohibition on forward dealings in securities of company
by Director or Key Managerial Personnel ..........................................................2.809
195. Prohibition on Insider Trading of Securities ....................................................2.810
RULES FRAMED UNDER CHAPTER XII
Companies (Meetings of Board its Powers) Rules, 2014.
2. Definitions.........................................................................................................................2.812
3. Meetings of Board through video conferencing
or other audio visual means......................................................................................2.812
4. Matters not to be dealt with in a meeting through video
conferencing or other audio visual means ..........................................................2.815
5. Passing of resolution by circulation.......................................................................2.815

xxiiiCONTENTS
6. Committees of the Board............................................................................................2.815
6A. Omnibus approval for related party transactions on annual basis..........2.816
7. Establishment of vigil mechanism..............................................................................................2.817
8. Powers of Board.............................................................................................................2.817
9. Disclosures by a director of his interest..............................................................2.818
11. Loan and investment by a company under section 186 of the Act...........2.818
12. Register..............................................................................................................................2.819
13. Special Resolution.........................................................................................................2.819
14. Investments of company to be held in its own name ....................................2.820
15. Contract or arrangement with a related party..................................................2.820
16. Register of contracts or arrangements in which
directors are interested...............................................................................................2.823
17. Payment to director for loss of office, etc. in connection
with transfer of undertaking, property or shares............................................2.823
FORMS UNDER CHAPTER-xii COMPANIES
(Meetings of Board its Powers)
RULES, 2014
Form MBP - 1 : Notice of interest by director...................................................................2.825
Form MBP - 2 : Register of loans, guarantee, security and
acquisition made by the company..........................................................................................2.826
Form MBP - 3 : Register of investments not held in its own
name by the company..................................................................................................................2.827
Form MBP - 4 : Register of contracts with related party and contracts and
Bodies etc. in which directors are interested....................................................................2.828
Chapter XIII
Appointment and Remuneration of Managerial Personnel
196. Appointment of managing director, whole-time
director or manager .....................................................................................................2.829
197. Overall maximum Managerial Remuneration and Managerial
Remuneration in case of absence or inadequacy of profit ..........................2.830
198. Calculation of Profits....................................................................................................2.834
199. Recovery of remuneration in certain cases........................................................2.836
200. Central Government or company to fix a limit with regard
to remuneration.............................................................................................................2.837
201. Forms of and procedure in relation to certain applications-......................2.837
202. Compensation for loss of office of managing or whole-time
director or manager......................................................................................................2.838
203. Appointment of key managerial personnel........................................................2.839
204. Secretarial audit for bigger companies................................................................2.840
205. Function of company secretary...............................................................................2.841

xxiv CONTENTS
RULES FRAMED UNDER CHAPTER XIII
Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014.
2. Definitions.........................................................................................................................2.842
3. Filing of return of appointment...............................................................................2.842
4. Sitting fees ........................................................................................................................2.842
5. Disclosure in Board’s report.....................................................................................2.843
6. Applications to the Central Government.............................................................2.845
7. Fees .....................................................................................................................................2.845
8. Appointment of Key Managerial Personnel........................................................2.846
8A. Appointment of Company Secretaries in companies
not covered under rule 8............................................................................................2.846
9. Secretarial Audit Report.............................................................................................2.846
10. Duties of Company Secretary....................................................................................2.846
FORMS UNDER CHAPTER-xiii COMPANIES
(Appointment and Remuneration of
Managerial Personnel) RULES, 2014
Form No. MR-1 : Return of appointment of key managerial personnel................ 2.847
Form No. MR-2 : Form of application to the Central Government
for approval of appointment................................................................................................... 2.850
Form No. MR-3 : Secretarial Audit Report......................................................................... 2.860
Chapter XIV
Inspection, Inquiry and Investigation
206. Power to call for information, inspect books and conduct inquiries .....2.863
207. Conduct of inspection and inquiry ........................................................................2.864
208. Report of inspection made ........................................................................................2.865
209. Search and Seizure .......................................................................................................2.866
210. Investigation into affairs of company ..................................................................2.866
211. Establishment of Serious Fraud Investigation Office ....................................2.867
212. Investigation into affairs of Company by Serious Fraud
Investigation Office ......................................................................................................2.868
213. Investigation into Company’s affair in other cases ........................................2.871
214. Security for payment of costs and expenses of investigation.....................2.872
215. Firm, body corporate or association not to be appointed............................2.872
216. Investigation of ownership of company .............................................................2.873
217. Procedure, powers etc, of inspectors ...................................................................2.874
218. Protection of employees during investigation .................................................2.877

xxvCONTENTS
219. Power of inspector to conduct investigation into
affairs of related companies, etc..............................................................................2.878
220. Seizure of documents by inspector .......................................................................2.878
221. Freezing of assets of company on inquiry and investigation ...................2.879
222. Imposition of restrictions upon securities .........................................................2.880
223. Inspector’s report .........................................................................................................2.880
224. Actions to be taken in pursuance of inspector’s report ...............................2.881
225. Expenses of investigation ..........................................................................................2.882
226. Voluntary winding-up of company etc, not
to stop investigation proceedings ..........................................................................2.882
227. Legal advisors and bankers not to disclose .......................................................2.884
228. Investigation etc of foreign companies ...............................................................2.884
229. Penalty for furnishing false statement, mutilation, destruction
of documents ..................................................................................................................2.884
RULES FRAMED UNDER CHAPTER XIV
Companies (Inspection, Investigation and Inquiry), Rules 2014
1. Short title and commencement.-.............................................................................2.886
2. Definitions.........................................................................................................................2.886
3. Appointment of persons having expertise in various fields........................2.886
4. Terms and Condition of service...............................................................................2.886
5. Security...............................................................................................................................2.887
6. Letter of Request, as per section 217....................................................................2.887
Chapter XV
Compromises, Arrangements and Amalgamations
230. Power to compromise or make arrangement with creditors
and members...................................................................................................................2.889
231. Power of Tribunal to enforce compromise or arrangement.......................2.892
232. Merger and amalgamation of companies............................................................2.893
233. Merger or amalgamation of certain companies ...............................................2.896
234. Merger or amalgamation of company with foreign company....................2.898
235. Power to acquire shares of shareholders dissenting from scheme
or contract approved by majority...........................................................................2.899
236. Purchase of minority shareholding .......................................................................2.901
237. Power of Central Government to provide for amalgamation of
companies in public interest ....................................................................................2.902
238. Registration of offer of schemes involving transfer of shares....................2.903
239. Preservation of books and papers of amalgamated companies ..............2.904
240. Liability of officers in respect of offences committed prior
to merger, amalgamation, etc ..................................................................................2.905

Book on Companies act along with rules & forms

Book on Companies act along with rules & forms

Recommended

Recommended

More Related Content

Similar to Book on Companies act along with rules & forms

Similar to Book on Companies act along with rules & forms (20)

Recently uploaded

Recently uploaded (20)

Book on Companies act along with rules & forms