The document lists various sections of the Companies Act, 2013 that have been notified. It includes sections related to incorporation of companies, share capital, acceptance of deposits, registration of charges, management and administration, accounts and audit, appointment and qualifications of directors, meetings of board and its powers, appointment and remuneration of managerial personnel, inspection and investigation, foreign companies, government companies, registration offices and fees, nidhis, special courts and miscellaneous provisions. Schedules related to memorandum and articles of association, useful lives for depreciation, formats for financial statements, code for independent directors and conditions for appointment of managerial personnel without government approval are also included.
The document summarizes key provisions relating to the duties and powers of auditors under Section 143 of the Companies Act 2013 in India. It discusses the following in 3 sentences or less:
- Section 143(1) outlines matters auditors must inquire into including loans/advances, personal expenses, asset sales, and share issuances.
- Section 143(2) requires auditors to report on accounts examined and compliance with accounting standards in reports to the company.
- Sections 143(3) and 143(4) specify the contents of audit reports, including compliance with laws and standards, transactions, director qualifications, and reasons for qualifications.
2015 onwards, Annual Returns of ROC have become complicated, cumbersome and detailed. Annual Return itself requires lot many information. Board's Report is required to be supported by number of annexures. An attempt has been made to go through the technicalities.
This document discusses the responsibilities of auditors under the Companies Act 2013 in India. It outlines key provisions relating to auditors, including their duties, powers, qualifications, disqualifications, and penalties. The main responsibilities of auditors are to inspect company documents and seek information to ascertain if the financial statements accurately reflect the company's affairs. Auditors must report on compliance with accounting standards and disclose any fraud, related party transactions, or other issues they find.
The document summarizes the key requirements under the Companies Act, 2013 regarding maintenance and filing of books of accounts and financial statements for companies in India. It discusses the requirements for preparation of annual financial statements, board reports, responsibilities of directors, approval and signing of financial statements, circulation to shareholders, filing with the registrar of companies, and penalties for non-compliance.
The document outlines the charter of the audit committee of Toll Brothers, Inc. It discusses the organization and purpose of the committee, as well as its duties and responsibilities. These include oversight of the independent auditor, reviewing financial reporting and internal controls, and ensuring compliance with legal and regulatory requirements. The committee is also tasked with investigating matters within its scope, reviewing whistleblower procedures, and advising the board on compliance issues. However, the ultimate responsibility for accurate financial reporting lies with management and the independent auditor, not the committee.
Here, LegalDelight present its new PPT on the topic of Appointment of Statutory Auditor. Under this PPT, a reader would get to know about the What is Appointment of Auditor, Appointment of First Auditor, Appointment of Subsequent Auditor, Term of Auditor, Pre Conditions for Appointment of Auditor, Qualification of Auditor, Disqualification of Auditor, Role of Audit Committee, and Forms to be filed for Appointment of Auditor.
The document summarizes key provisions relating to the duties and powers of auditors under Section 143 of the Companies Act 2013 in India. It discusses the following in 3 sentences or less:
- Section 143(1) outlines matters auditors must inquire into including loans/advances, personal expenses, asset sales, and share issuances.
- Section 143(2) requires auditors to report on accounts examined and compliance with accounting standards in reports to the company.
- Sections 143(3) and 143(4) specify the contents of audit reports, including compliance with laws and standards, transactions, director qualifications, and reasons for qualifications.
2015 onwards, Annual Returns of ROC have become complicated, cumbersome and detailed. Annual Return itself requires lot many information. Board's Report is required to be supported by number of annexures. An attempt has been made to go through the technicalities.
This document discusses the responsibilities of auditors under the Companies Act 2013 in India. It outlines key provisions relating to auditors, including their duties, powers, qualifications, disqualifications, and penalties. The main responsibilities of auditors are to inspect company documents and seek information to ascertain if the financial statements accurately reflect the company's affairs. Auditors must report on compliance with accounting standards and disclose any fraud, related party transactions, or other issues they find.
The document summarizes the key requirements under the Companies Act, 2013 regarding maintenance and filing of books of accounts and financial statements for companies in India. It discusses the requirements for preparation of annual financial statements, board reports, responsibilities of directors, approval and signing of financial statements, circulation to shareholders, filing with the registrar of companies, and penalties for non-compliance.
The document outlines the charter of the audit committee of Toll Brothers, Inc. It discusses the organization and purpose of the committee, as well as its duties and responsibilities. These include oversight of the independent auditor, reviewing financial reporting and internal controls, and ensuring compliance with legal and regulatory requirements. The committee is also tasked with investigating matters within its scope, reviewing whistleblower procedures, and advising the board on compliance issues. However, the ultimate responsibility for accurate financial reporting lies with management and the independent auditor, not the committee.
Here, LegalDelight present its new PPT on the topic of Appointment of Statutory Auditor. Under this PPT, a reader would get to know about the What is Appointment of Auditor, Appointment of First Auditor, Appointment of Subsequent Auditor, Term of Auditor, Pre Conditions for Appointment of Auditor, Qualification of Auditor, Disqualification of Auditor, Role of Audit Committee, and Forms to be filed for Appointment of Auditor.
The document provides an overview of audit and accounts provisions under the Companies Act 2013 through a presentation. Key highlights include mandatory consolidation of financial statements, reopening of accounts only via court order, voluntary revision of statements, constitution of the National Financial Reporting Authority (NFRA) to regulate auditing standards and practices, and new requirements for auditor appointment, remuneration and duties. The presentation also covers financial statements, books of accounts, corporate social responsibility requirements and rights of members to access statements.
The document is a charter that outlines the purpose, composition, responsibilities, and meeting procedures of the Audit Committee of Cisco Systems' Board of Directors. The Audit Committee is responsible for overseeing Cisco's accounting and financial reporting processes, internal controls, and independent audits. Its key duties include reviewing Cisco's financial statements and disclosures, internal controls, independent auditor selection and compensation, and compliance with legal and regulatory requirements. The Committee must have at least three independent directors with financial expertise and will meet at least quarterly with management and auditors.
How to Begin Secretarial Audit (Compliance of All Applicable Law )Pavan Kumar Vijay
My Presentation at ICSI on 13/03/2015- "How to Begin- Secretarial Audit".
Secretarial Audit is a process to check compliance with –
• the provisions of various laws and Rules/Regulations/Procedures,
• maintenance of books, records etc,
• by an independent professional to ensure that the company has complied with the legal and procedural requirements and also followed due processes.
• the Board of Directors has to give explanation in the Board’s Report to every qualification and observation or other adverse remark made by the Secretarial Auditor.
•So we can say that the Board of Directors has to ensure that there should be a system in the company through which Compliance Officer can Control on all compliances under all applicable Laws.
Read more...
The Audit Committee Charter establishes the purpose, composition, duties, and responsibilities of the Perini Corporation Audit Committee. The Audit Committee is appointed by the Board of Directors to oversee the integrity of internal controls, financial reporting, and compliance with legal and regulatory requirements. It is also responsible for oversight of both internal and external auditors. The Charter outlines 25 specific duties of the Committee, including reviewing quarterly and annual financial reports, evaluating auditor independence, overseeing internal audits, and reporting regularly to the full Board of Directors.
This document discusses provisions around audit, accounts, and share capital under the Companies Act 2013. It covers topics such as preparation of accounts and financial statements, consolidation of accounts, appointment of auditors, auditor duties and responsibilities, and internal audit. Key points include requirements around maintaining books of accounts, financial statement formats, auditor rotation and eligibility, limits on non-audit services for auditors, and auditor resignation and removal.
Secretarial audit is the process of verifying a company's compliance with applicable laws. It is mandatory for listed companies and large unlisted public companies. The secretarial auditor, who is an independent company secretary, examines documents like minutes, statutory registers, and approvals to check for compliance. The secretarial audit report details any non-compliances found. It aims to protect shareholder interests and avoid legal issues due to lack of compliance. The secretarial auditor is appointed by the board of directors and files an annual report detailing the company's compliance with laws like the Companies Act, SEBI regulations, and other industry-specific laws. Non-compliance can result in penalties for both the company and its officers.
The document provides an overview of secretarial audits for companies. It discusses that secretarial audits verify compliance with corporate laws and regulations. The objectives are to check and report on compliance, identify non-compliances, and protect stakeholders. The scope includes checking compliance with various acts like the Companies Act, SEBI regulations, and listing agreements. Secretarial audits are beneficial as they strengthen governance, reduce penalties for non-compliance, and provide assurance to directors, investors and regulators. A secretarial audit is conducted by a practicing company secretary and follows steps like planning, documentation, discussions, and issuance of a report.
The document discusses the appointment, remuneration, removal, qualifications, disqualifications, powers, rights and duties of auditors of companies in Pakistan according to the Companies Act 2017. It states that the first auditor is appointed by company directors within 60 days of incorporation to hold office until the first AGM. Subsequent auditors are appointed at each AGM to hold office until the next AGM. It outlines the qualifications required for an auditor, cases for disqualification, and their rights to access company documents and attend shareholder meetings. Auditors have a duty to make reports on company accounts and additional matters if directed.
The document summarizes key sections of the Companies Bill 2012 related to accounting and auditing standards. It discusses requirements for companies to maintain books of accounts and prepare financial statements according to accounting standards. It also covers constitution of the National Financial Reporting Authority to set accounting and auditing standards and oversee compliance. The summary establishes that companies will have increased compliance responsibilities and reporting requirements around their financial statements, books of accounts, and audits.
Auditors under the Companies Act 2013 have significant duties and powers. Section 143 outlines responsibilities of auditors such as inspecting books/records, seeking information from management, and reporting on compliance with accounting standards. Auditors must report on financial statements, transactions, internal controls, litigation, and qualifications. They must also report fraud over 1 crore rupees to the government. Non-compliance with section 143 duties can result in penalties for auditors.
This document discusses various annual and ongoing compliance requirements for companies under Indian company law. It outlines requirements such as appointing a whole-time company secretary for companies with a paid-up capital of Rs. 2 crore or more, filing annual financial statements and returns within 30 days of the annual general meeting, maintaining various statutory registers, and event-based compliances for activities like changes to the board of directors or share capital. It emphasizes the importance of compliance and having a systematic approach to ensure all legal obligations are met, noting that failure to comply can result in penalties like companies being struck off the register for not filing returns or accounts for 5 consecutive years.
The new Companies Law 2013 (India) - Chapter 9: AccountsBold Kiln
The notification provides new rules called the Companies (Accounts) Rules, 2014 which will regulate how companies maintain and file their financial statements and reports in accordance with the Companies Act, 2013. Key aspects include requirements for electronic maintenance of books, consolidation of financial statements, transitional standards, contents of Board reports, CSR disclosures, circulation of statements, and appointment of internal auditors. Forms like AOC-1, AOC-2, and AOC-3 are also introduced for reporting subsidiary information, related party transactions, and financial statement features.
The document discusses the requirements for annual returns under the Companies Act 2013. It notes that annual returns are consolidated reports submitted by companies to the Registrar of Companies each year after the AGM. They must include information such as the registered office, business activities, shareholding patterns, indebtedness, directors and other details. Companies meeting certain criteria must get the annual return certified by a practicing company secretary. It also compares the annual return provisions of the Companies Act 2013 to the previous Companies Act 1956.
This document outlines the Audit Committee Charter for Liz Claiborne, Inc. It establishes the role, responsibilities, and composition of the Audit Committee. The Audit Committee is appointed by the Board of Directors to oversee the financial reporting process and audits. It is responsible for retaining, evaluating and overseeing the independent auditors. The Committee must consist of at least three independent directors who are financially literate, with at least one being a financial expert. Key responsibilities include reviewing the auditors' qualifications, independence and performance; approving audit and non-audit services; and overseeing financial reporting, auditing, internal controls and compliance.
Secretarial Audit has been mandated by Section 204 of the Indian Companies Act, 2013 for every listed company and other class of companies.
This presentation talks about, introduction, historical background, Objective and Purpose, Scope, Benefits and Beneficiaries of Secretarial Audit. This presentation also talks about offences and penalties as prescribed in Section 204 and 143 of the Companies Act, 2013 for any default committed.
Kinds of company meetings/ Statutory reports [Section 153(3)] / Meetings of b...Osama Yousaf
There are three types of company meetings: statutory meetings, annual general meetings, and extraordinary general meetings. Statutory meetings must be held within 6 months of incorporation and their purpose is for directors to present a report on the company's affairs and progress to shareholders. Annual general meetings must be held every year; their purpose is for shareholders to consider the annual accounts, appoint directors, and declare dividends. Extraordinary general meetings can be called when necessary by directors or shareholders; their purpose is to address urgent business. Board of director meetings discuss company affairs and make decisions; they must provide proper notice and maintain accurate meeting minutes.
This document is the Audit Committee Charter of Safeway Inc. that was adopted in 2003 and amended several times after. It outlines the purpose, membership, meetings, and powers and responsibilities of the Audit Committee. The Committee is responsible for overseeing the integrity of Safeway's financial reporting, compliance with legal and regulatory requirements, the independent auditor's qualifications and independence, and internal auditing. It must include at least three financially literate directors, one of whom is a financial expert, and all members must be independent. The Committee directly oversees the independent auditor, pre-approves any audit and non-audit services, and addresses disagreements between management and the auditor.
This document provides an overview of the Companies Act 2013 which includes 29 chapters and 470 sections. It summarizes the key aspects of each chapter such as the sections covered, whether rules have been notified, and any sections that have not yet been notified. The chapters covered include incorporation of a company, share capital and debentures, acceptance of deposits, registration of charges, management and administration, and declaration and payment of dividend.
Companies Act, 2013 Commencement of 98 sections Effective from 12.09.2013Proglobalcorp India
The document summarizes key aspects of sections of the Companies Act 2013 that came into effect on September 12, 2013 in India. 27 new definitions and 6-7 new sections/provisions were introduced. Sections were brought into force in phases, with those not requiring new rules notified first. Definitions for terms like abridged prospectus, alteration, appellate tribunal and others were introduced. Sections relating to subsidiary companies, authentication of documents, public offers, and prospectuses came into effect, along with those around allotment of securities, meetings, and dividends.
The document provides an overview of audit and accounts provisions under the Companies Act 2013 through a presentation. Key highlights include mandatory consolidation of financial statements, reopening of accounts only via court order, voluntary revision of statements, constitution of the National Financial Reporting Authority (NFRA) to regulate auditing standards and practices, and new requirements for auditor appointment, remuneration and duties. The presentation also covers financial statements, books of accounts, corporate social responsibility requirements and rights of members to access statements.
The document is a charter that outlines the purpose, composition, responsibilities, and meeting procedures of the Audit Committee of Cisco Systems' Board of Directors. The Audit Committee is responsible for overseeing Cisco's accounting and financial reporting processes, internal controls, and independent audits. Its key duties include reviewing Cisco's financial statements and disclosures, internal controls, independent auditor selection and compensation, and compliance with legal and regulatory requirements. The Committee must have at least three independent directors with financial expertise and will meet at least quarterly with management and auditors.
How to Begin Secretarial Audit (Compliance of All Applicable Law )Pavan Kumar Vijay
My Presentation at ICSI on 13/03/2015- "How to Begin- Secretarial Audit".
Secretarial Audit is a process to check compliance with –
• the provisions of various laws and Rules/Regulations/Procedures,
• maintenance of books, records etc,
• by an independent professional to ensure that the company has complied with the legal and procedural requirements and also followed due processes.
• the Board of Directors has to give explanation in the Board’s Report to every qualification and observation or other adverse remark made by the Secretarial Auditor.
•So we can say that the Board of Directors has to ensure that there should be a system in the company through which Compliance Officer can Control on all compliances under all applicable Laws.
Read more...
The Audit Committee Charter establishes the purpose, composition, duties, and responsibilities of the Perini Corporation Audit Committee. The Audit Committee is appointed by the Board of Directors to oversee the integrity of internal controls, financial reporting, and compliance with legal and regulatory requirements. It is also responsible for oversight of both internal and external auditors. The Charter outlines 25 specific duties of the Committee, including reviewing quarterly and annual financial reports, evaluating auditor independence, overseeing internal audits, and reporting regularly to the full Board of Directors.
This document discusses provisions around audit, accounts, and share capital under the Companies Act 2013. It covers topics such as preparation of accounts and financial statements, consolidation of accounts, appointment of auditors, auditor duties and responsibilities, and internal audit. Key points include requirements around maintaining books of accounts, financial statement formats, auditor rotation and eligibility, limits on non-audit services for auditors, and auditor resignation and removal.
Secretarial audit is the process of verifying a company's compliance with applicable laws. It is mandatory for listed companies and large unlisted public companies. The secretarial auditor, who is an independent company secretary, examines documents like minutes, statutory registers, and approvals to check for compliance. The secretarial audit report details any non-compliances found. It aims to protect shareholder interests and avoid legal issues due to lack of compliance. The secretarial auditor is appointed by the board of directors and files an annual report detailing the company's compliance with laws like the Companies Act, SEBI regulations, and other industry-specific laws. Non-compliance can result in penalties for both the company and its officers.
The document provides an overview of secretarial audits for companies. It discusses that secretarial audits verify compliance with corporate laws and regulations. The objectives are to check and report on compliance, identify non-compliances, and protect stakeholders. The scope includes checking compliance with various acts like the Companies Act, SEBI regulations, and listing agreements. Secretarial audits are beneficial as they strengthen governance, reduce penalties for non-compliance, and provide assurance to directors, investors and regulators. A secretarial audit is conducted by a practicing company secretary and follows steps like planning, documentation, discussions, and issuance of a report.
The document discusses the appointment, remuneration, removal, qualifications, disqualifications, powers, rights and duties of auditors of companies in Pakistan according to the Companies Act 2017. It states that the first auditor is appointed by company directors within 60 days of incorporation to hold office until the first AGM. Subsequent auditors are appointed at each AGM to hold office until the next AGM. It outlines the qualifications required for an auditor, cases for disqualification, and their rights to access company documents and attend shareholder meetings. Auditors have a duty to make reports on company accounts and additional matters if directed.
The document summarizes key sections of the Companies Bill 2012 related to accounting and auditing standards. It discusses requirements for companies to maintain books of accounts and prepare financial statements according to accounting standards. It also covers constitution of the National Financial Reporting Authority to set accounting and auditing standards and oversee compliance. The summary establishes that companies will have increased compliance responsibilities and reporting requirements around their financial statements, books of accounts, and audits.
Auditors under the Companies Act 2013 have significant duties and powers. Section 143 outlines responsibilities of auditors such as inspecting books/records, seeking information from management, and reporting on compliance with accounting standards. Auditors must report on financial statements, transactions, internal controls, litigation, and qualifications. They must also report fraud over 1 crore rupees to the government. Non-compliance with section 143 duties can result in penalties for auditors.
This document discusses various annual and ongoing compliance requirements for companies under Indian company law. It outlines requirements such as appointing a whole-time company secretary for companies with a paid-up capital of Rs. 2 crore or more, filing annual financial statements and returns within 30 days of the annual general meeting, maintaining various statutory registers, and event-based compliances for activities like changes to the board of directors or share capital. It emphasizes the importance of compliance and having a systematic approach to ensure all legal obligations are met, noting that failure to comply can result in penalties like companies being struck off the register for not filing returns or accounts for 5 consecutive years.
The new Companies Law 2013 (India) - Chapter 9: AccountsBold Kiln
The notification provides new rules called the Companies (Accounts) Rules, 2014 which will regulate how companies maintain and file their financial statements and reports in accordance with the Companies Act, 2013. Key aspects include requirements for electronic maintenance of books, consolidation of financial statements, transitional standards, contents of Board reports, CSR disclosures, circulation of statements, and appointment of internal auditors. Forms like AOC-1, AOC-2, and AOC-3 are also introduced for reporting subsidiary information, related party transactions, and financial statement features.
The document discusses the requirements for annual returns under the Companies Act 2013. It notes that annual returns are consolidated reports submitted by companies to the Registrar of Companies each year after the AGM. They must include information such as the registered office, business activities, shareholding patterns, indebtedness, directors and other details. Companies meeting certain criteria must get the annual return certified by a practicing company secretary. It also compares the annual return provisions of the Companies Act 2013 to the previous Companies Act 1956.
This document outlines the Audit Committee Charter for Liz Claiborne, Inc. It establishes the role, responsibilities, and composition of the Audit Committee. The Audit Committee is appointed by the Board of Directors to oversee the financial reporting process and audits. It is responsible for retaining, evaluating and overseeing the independent auditors. The Committee must consist of at least three independent directors who are financially literate, with at least one being a financial expert. Key responsibilities include reviewing the auditors' qualifications, independence and performance; approving audit and non-audit services; and overseeing financial reporting, auditing, internal controls and compliance.
Secretarial Audit has been mandated by Section 204 of the Indian Companies Act, 2013 for every listed company and other class of companies.
This presentation talks about, introduction, historical background, Objective and Purpose, Scope, Benefits and Beneficiaries of Secretarial Audit. This presentation also talks about offences and penalties as prescribed in Section 204 and 143 of the Companies Act, 2013 for any default committed.
Kinds of company meetings/ Statutory reports [Section 153(3)] / Meetings of b...Osama Yousaf
There are three types of company meetings: statutory meetings, annual general meetings, and extraordinary general meetings. Statutory meetings must be held within 6 months of incorporation and their purpose is for directors to present a report on the company's affairs and progress to shareholders. Annual general meetings must be held every year; their purpose is for shareholders to consider the annual accounts, appoint directors, and declare dividends. Extraordinary general meetings can be called when necessary by directors or shareholders; their purpose is to address urgent business. Board of director meetings discuss company affairs and make decisions; they must provide proper notice and maintain accurate meeting minutes.
This document is the Audit Committee Charter of Safeway Inc. that was adopted in 2003 and amended several times after. It outlines the purpose, membership, meetings, and powers and responsibilities of the Audit Committee. The Committee is responsible for overseeing the integrity of Safeway's financial reporting, compliance with legal and regulatory requirements, the independent auditor's qualifications and independence, and internal auditing. It must include at least three financially literate directors, one of whom is a financial expert, and all members must be independent. The Committee directly oversees the independent auditor, pre-approves any audit and non-audit services, and addresses disagreements between management and the auditor.
This document provides an overview of the Companies Act 2013 which includes 29 chapters and 470 sections. It summarizes the key aspects of each chapter such as the sections covered, whether rules have been notified, and any sections that have not yet been notified. The chapters covered include incorporation of a company, share capital and debentures, acceptance of deposits, registration of charges, management and administration, and declaration and payment of dividend.
Companies Act, 2013 Commencement of 98 sections Effective from 12.09.2013Proglobalcorp India
The document summarizes key aspects of sections of the Companies Act 2013 that came into effect on September 12, 2013 in India. 27 new definitions and 6-7 new sections/provisions were introduced. Sections were brought into force in phases, with those not requiring new rules notified first. Definitions for terms like abridged prospectus, alteration, appellate tribunal and others were introduced. Sections relating to subsidiary companies, authentication of documents, public offers, and prospectuses came into effect, along with those around allotment of securities, meetings, and dividends.
The document summarizes the key information that must be included in the Board's report according to the Companies Act 2013 and related rules. It lists items that must be mentioned under section 134, other sections of the Act, and various rules. These include details of meetings, directors, auditors' qualifications, related party transactions, CSR activities, and more. The document provides guidance on the format and content required for the Board's report to comply with statutory requirements.
Dear Professional Friends
I am pleased to share my presentation on the list of new sections of the Companies Act, 2013 which has become effective 12th September, 2013.
Hope you shall find it useful for your reference.
Companies Act 2013 as amended upto 01.04.2021_ (1).pdfAmanMishra878835
This document provides the arrangement of sections for the Companies Act, 2013 in India. It lists 186 sections under various chapters including preliminary, incorporation of a company, share capital and debentures, acceptance of deposits, registration of charges, management and administration, declaration and payment of dividends, accounts of companies, audit and auditors, appointment and qualifications of directors, and meetings of the board of directors. The sections provide regulations around key activities for companies registered in India.
The Sarbanes-Oxley Act contains 11 titles that establish regulations to improve corporate governance and responsibility. It creates oversight for public accounting firms, enhances financial disclosure standards, and implements criminal penalties for fraud and retaliation against whistleblowers. Key aspects include establishing the Public Company Accounting Oversight Board to regulate auditors, requiring CEOs and CFOs to certify financial reports, protecting employees who report fraud from retaliation, and increasing criminal penalties for destroying documents and lying to investigators.
The document discusses the National Company Law Tribunal (NCLT) in India. Some key points:
- NCLT consolidates the jurisdiction previously held by several corporate bodies like the Company Law Board, Board for Industrial and Financial Reconstruction, and powers of High Courts related to winding up, restructuring, etc.
- NCLT has judicial and technical experts who handle matters previously dealt with by these prior bodies, with expanded jurisdiction in scope and subjects.
- Powers include most of CLB's powers under Company Law, BIFR's revival/rehabilitation powers, High Court powers related to mergers/acquisitions, winding up, and more.
- NCLT aims to provide a
Format for compliance report on corporate governanceGAURAV KR SHARMA
The document outlines new formats that listed entities must submit to stock exchanges on corporate governance compliance on a quarterly and annual basis. It specifies:
1) Three new formats (Annexures I, II, III) for listed entities to report compliance with corporate governance regulations to stock exchanges on a quarterly, annual, and six-monthly basis respectively.
2) Additional reports on compliance and secretarial audits that must be placed before the board of directors of listed entities.
3) Requirements for stock exchanges to disseminate the new circular and compliance formats to listed entities. The new formats come into force 90 days from notification of new listing regulations.
The document provides a table of contents for a document on the Companies Bill 2013. It outlines 10 topics that will be covered, including the history and background of the bill, salient features, new and amended provisions, provisions for better governance, introduction of CSR provisions, list of chapters in the bill, and differences between the Companies Act of 1956 and the Companies Bill of 2013.
This document lists various forms prescribed under the Companies Act, 2013 in India. It outlines the forms required for incorporation of companies, registration of charges, annual filings, appointment and resignation of directors and auditors, related party transactions, and other company law compliances. It also provides contact information for assistance in filing any of these forms. In total, it references over 50 forms across various chapters of the Companies Act that must be filed with the Registrar of Companies for compliance purposes.
This document provides the arrangement of sections for the Companies Act, 2013 in India. It lists 321 sections under various chapters that cover topics like incorporation of a company, share capital, directors, meetings, winding up, compromises/arrangements, and rehabilitation of sick companies. The sections establish rules for how companies are formed, governed, and dissolved in India according to the Companies Act.
The Registrar of Companies has various roles and responsibilities according to the Companies Act, including:
1. Registering companies and allotting them a corporate identity number.
2. Receiving notices and documents regarding changes to a company's name, registered office, directors, share capital, charges, annual returns, financial statements, and more.
3. Maintaining registers related to charges on companies' assets, directors, and other records.
4. Registering prospectuses, schemes of arrangement, and other documents as required by law.
5. Initiating actions like removing a company's name from the register or prosecuting non-compliant individuals if companies do not abide by legal requirements
The document provides guidance on procedures for converting between different types of company statuses in Pakistan. It discusses converting:
- Private companies to public companies and vice versa
- Private companies to single-member companies and vice versa
- Single-member companies to private companies
For each conversion type, it outlines the required steps, including board approval, shareholder approval via special resolution, amending articles of association, regulatory approvals and filings with the registrar. Approval from the Securities and Exchange Commission of Pakistan is needed to convert a public company to private or a private multi-member company to single-member.
The document discusses the audit requirements for cooperatives registered under the Philippine Cooperative Code of 2008. It states that cooperatives must undergo an annual financial audit conducted by an external auditor who is independent and accredited. It also requires an annual social audit and performance audit. The social audit assesses the cooperative's social impact and ethical performance, while the performance audit measures its financial and non-financial performance. Audit reports are submitted to the board of directors and general assembly. Members have the right to examine certain records of the cooperative.
Companies Amendment Act,2014 & Important Provisions Eswaramoorthy P
The document summarizes key provisions from the Companies (Amendment) Bill, 2014 relating to amendments in the Companies Act, 2013. Some of the key changes include:
1. Omitting the requirement for minimum paid up share capital and making common seal optional to ease doing business.
2. Prescribing specific punishments for deposits accepted under the new Act which was inadvertently left out previously.
3. Prohibiting public inspection of board resolutions filed with the Registrar of Companies to meet corporate demands.
4. Including provisions for writing off past losses/depreciation before declaring dividends and rectifying requirements for transferring shares for unclaimed dividends.
The document provides
it would be interesting to understand why the restructuring of Articles of the Company is essential in the era of exemptions granted to private company under the Companies Act 2013
The document discusses the process of converting a company into a Limited Liability Partnership (LLP). It begins with providing background on LLPs and their key features. Reasons for conversion include fewer compliance requirements for LLPs compared to companies. The conversion process involves 8 steps, including obtaining DIN, passing board resolutions, filing various forms with the ROC, drafting an LLP agreement, and filing final forms. Benefits of conversion include limited liability, fewer statutory records and audit requirements, and no dividend distribution tax for LLPs.
The notification provides new rules called the Companies (Accounts) Rules, 2014 which will regulate how companies maintain and file their financial statements and reports in accordance with the Companies Act, 2013. Key aspects include requirements for electronic maintenance of books, consolidation of financial statements, contents of Board reports, disclosure of related party transactions, and appointment of internal auditors. Forms are also prescribed for various financial statements and disclosures. The rules supersede previous rules while grandfathering actions prior to the new rules.
Similar to Sections notified on 26.03.14 Companies Act 2013 by MCA (20)
The document discusses the results of a study on the impact of COVID-19 lockdowns on air pollution. Researchers analyzed data from dozens of countries and found that lockdowns led to an average decline of nearly 30% in nitrogen dioxide levels over cities. However, they also observed that this improvement was temporary and air pollution rebounded once lockdowns were lifted as vehicle traffic increased again. Overall, the study highlights how stay-at-home orders can provide short-term improvements to urban air quality but more sustained policies are needed for long-term benefits.
Online Filing System for Offer Documents,Schemes of Arrangement, Take...Rajiv Bajaj
SEBI has introduced an online filing system for offer documents, schemes of arrangement, takeovers, and buybacks to facilitate ease of operations. All merchant bankers and recognized stock exchanges must simultaneously file documents online through the SEBI Intermediary Portal in addition to physical filings between February 1, 2018 and March 31, 2018. After April 1, 2018, only online filings will be accepted. The circular outlines the portal details and contact information for assistance.
Report on Corporate Governance by Committee Rajiv Bajaj
The committee was formed in June 2017 under the chairmanship of Mr. Uday Kotak to enhance corporate governance standards of listed Indian entities. It consisted of officials from government, industry, professional bodies and academia.
The committee's terms of reference were to make recommendations to SEBI on ensuring independence of independent directors, improving related party transaction disclosures and safeguards, addressing issues in accounting/auditing practices, improving board evaluation effectiveness, and addressing investor voting issues.
The committee submitted its report on October 5, 2017 after taking public comments on its recommendations.
CS Rajiv Bajaj Newsletter dated 28th April 2017Rajiv Bajaj
Tom Monaghan founded Domino's Pizza in 1960 and grew it into the international franchise that it is today. He pioneered the concept of pizza delivery and developed an insulated pizza box to keep pies warm during transport. By the mid-1980s, nearly three new Domino's franchises were opening every day. In 1998, Monaghan sold 93% of his Domino's stock to Bain Capital for an estimated $1 billion. After retiring from Domino's, he has dedicated his time and fortune to promoting Catholic and conservative causes.
Marissa Mayer is an American technology executive who currently serves as the president of Yahoo. She has a background in computer science and artificial intelligence, graduating from Stanford with advanced degrees in these fields. Prior to joining Yahoo in 2012, Mayer worked at Google for 13 years where she held several leadership roles and helped grow Google Search. As president and CEO of Yahoo, Mayer has overseen major personnel changes and the potential sale of Yahoo's business.
Marissa Mayer is an American technology executive who currently serves as the president of Yahoo. She has a background in computer science and artificial intelligence, graduating from Stanford with advanced degrees in these fields. Prior to joining Yahoo in 2012, Mayer worked at Google for 13 years where she held several leadership roles, helping to grow Google Search. As president and CEO of Yahoo, Mayer has overseen major personnel changes and the potential sale of Yahoo's business.
Peter Sands is a British banker who served as the CEO of Standard Chartered from 2006 to 2015. He has an educational background that includes degrees from Oxford University and Harvard University. During his tenure as CEO, Standard Chartered's headcount nearly doubled and over 90% of its profits came from fast-growing emerging markets in Asia. The bank weathered the economic downturn far better than its competitors and announced its seventh successive year of record profits in 2009. Sands stepped down as CEO in 2015 after nine years in the role, one of the longest-serving chiefs of a major Western bank. He now holds positions at Harvard and advises the UK Department of Health.
Ross Maxwell McEwan is the CEO of The Royal Bank of Scotland Group (RBS). He has over 30 years of experience in banking and insurance. Prior to joining RBS, he was the CEO of Commonwealth Bank of Australia's retail banking services. In his role at RBS since 2013, McEwan is focused on moving the bank away from investment banking and reducing international exposure in order to focus more on UK retail banking. He was educated in New Zealand and has held top executive positions with several insurance and banking companies throughout his career.
Arundhati Bhattacharya is the first woman to serve as Chairperson of State Bank of India. She has over 36 years of experience with SBI, holding several leadership positions in areas such as foreign exchange, treasury, retail operations, and investment banking. Some of her accomplishments include launching new businesses for SBI and introducing innovative policies supporting work-life balance and women's health. Bhattacharya is recognized internationally as a powerful leader, being named the 25th most powerful woman in the world by Forbes in 2016.
Carlo De Benedetti is an Italian industrialist and engineer who has held leadership roles at several major Italian companies. He was briefly CEO of FIAT in 1976 but resigned due to disagreements over layoffs. He went on to acquire the CIR Group and Olivetti, where he served as CEO from 1978 to 1996, transforming Olivetti's focus from typewriters to computers. De Benedetti also founded the Italian telecommunications companies Omnitel and Infostrada. He remains influential as the chairman of the Espresso Editorial Group, which owns the newspapers La Repubblica and L'Espresso.
Denise Morrison is the President and CEO of Campbell Soup Company. She has over 30 years of experience in consumer packaged goods and previously held executive roles at Kraft Foods, PepsiCo, Nestle, and Nabisco. Morrison earned a bachelor's degree from Boston College and began her career at Procter & Gamble before moving into various sales and marketing positions at other major food companies. As the first female CEO of Campbell Soup Company, she leads their global operations and portfolio of brands.
Bill McDermott is the current CEO of SAP SE, having previously served as co-CEO from 2010 to 2014. He has over 30 years of business experience, including leadership roles at Xerox, Gartner, and Siebel Systems. McDermott began his career by purchasing a local deli at age 17 and used the profits to fund his education, eventually earning an MBA from Northwestern University's Kellogg School of Management.
Lisa Su is an American business executive and electrical engineer who currently serves as CEO and president of Advanced Micro Devices (AMD). She has over 25 years of experience in the semiconductor industry, previously holding engineering and management roles at Texas Instruments, IBM, and Freescale Semiconductor. Su was appointed president and CEO of AMD in 2014. Under her leadership, AMD has focused on making strategic technology investments, streamlining products, and diversifying. She is recognized for her technical expertise in developing more efficient semiconductor chips and manufacturing processes.
Vikram Pandit is an Indian-American former banker who served as CEO of Citigroup from 2007 to 2012. He earned degrees from Columbia University in electrical engineering and later a PhD in finance from Columbia Business School. Pandit had a long career at Morgan Stanley, rising to president and COO, before co-founding a hedge fund and then being named CEO of Citigroup in 2007. As Citigroup CEO, Pandit worked for $1 per year salary until the company returned to profitability and helped lead its recovery in the aftermath of the financial crisis, though he resigned unexpectedly in 2012.
Kazuo Hirai is the President and CEO of Sony Corporation. He has over 30 years of experience in the music and video game industries at Sony. Hirai began his career at Sony Music Entertainment Japan in 1984 and held various marketing and management roles there. In 1995, he joined Sony Computer Entertainment America to oversee their video game business. He later became President of Sony Computer Entertainment, overseeing its global operations. In 2012, Hirai was appointed President and CEO of Sony Corporation, taking over from Howard Stringer.
The document provides a daily update on various legal, regulatory, and market news. It includes the following:
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Susan Wojcicki is the CEO of YouTube. She grew up in California and studied history and literature at Harvard University and later earned two master's degrees. She worked at Intel and as a management consultant before joining Google in 1999 as its first marketing manager. At Google, she helped develop products like Google Images, Google Books, AdWords, AdSense, and Google Analytics. She proposed that Google acquire YouTube in 2006. In 2014, she became the CEO of YouTube. She has been recognized as one of the most influential people in technology and advertising.
The document discusses Carlos Slim, a Mexican business magnate and the former richest person in the world. It outlines that Slim built a vast business conglomerate comprising industries like telecommunications, education, and media. It also notes that he derives his fortune from extensive holdings in Mexican companies through his conglomerate Grupo Carso. The summary provides details on Slim's early investments and education in business and engineering.
Eli Hurvitz was an Israeli industrialist and former CEO and Chairman of Teva Pharmaceutical Industries. He started his career washing dishes at a small pharmaceutical company and worked his way up to executive roles. He led mergers that formed Teva Pharmaceutical Industries, where he served as CEO until 2002 and then Chairman until his death in 2011. Hurvitz received many honors including the Israel Prize for lifetime achievement and special contribution to society and state. He played a leading role in developing Israel's economy and high-tech industry.
Sulajja Firodia Motwani is an Indian entrepreneur and philanthropist who is the Vice Chairperson of Kinetic Engineering Limited and Founder & CEO of Kinetic Green Energy & Power Solutions Limited. Under her leadership, Kinetic Group has expanded from a moped manufacturer into a manufacturer of a complete range of two-wheelers. She has also founded Kinetic Green Energy to focus on green mobility and electric vehicles. Sulajja has received several awards for her successful leadership and performance as a woman CEO, including being selected as a World Economic Forum Global Leader of Tomorrow.
A Free 200-Page eBook ~ Brain and Mind Exercise.pptxOH TEIK BIN
(A Free eBook comprising 3 Sets of Presentation of a selection of Puzzles, Brain Teasers and Thinking Problems to exercise both the mind and the Right and Left Brain. To help keep the mind and brain fit and healthy. Good for both the young and old alike.
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How to Download & Install Module From the Odoo App Store in Odoo 17Celine George
Custom modules offer the flexibility to extend Odoo's capabilities, address unique requirements, and optimize workflows to align seamlessly with your organization's processes. By leveraging custom modules, businesses can unlock greater efficiency, productivity, and innovation, empowering them to stay competitive in today's dynamic market landscape. In this tutorial, we'll guide you step by step on how to easily download and install modules from the Odoo App Store.
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...indexPub
The recent surge in pro-Palestine student activism has prompted significant responses from universities, ranging from negotiations and divestment commitments to increased transparency about investments in companies supporting the war on Gaza. This activism has led to the cessation of student encampments but also highlighted the substantial sacrifices made by students, including academic disruptions and personal risks. The primary drivers of these protests are poor university administration, lack of transparency, and inadequate communication between officials and students. This study examines the profound emotional, psychological, and professional impacts on students engaged in pro-Palestine protests, focusing on Generation Z's (Gen-Z) activism dynamics. This paper explores the significant sacrifices made by these students and even the professors supporting the pro-Palestine movement, with a focus on recent global movements. Through an in-depth analysis of printed and electronic media, the study examines the impacts of these sacrifices on the academic and personal lives of those involved. The paper highlights examples from various universities, demonstrating student activism's long-term and short-term effects, including disciplinary actions, social backlash, and career implications. The researchers also explore the broader implications of student sacrifices. The findings reveal that these sacrifices are driven by a profound commitment to justice and human rights, and are influenced by the increasing availability of information, peer interactions, and personal convictions. The study also discusses the broader implications of this activism, comparing it to historical precedents and assessing its potential to influence policy and public opinion. The emotional and psychological toll on student activists is significant, but their sense of purpose and community support mitigates some of these challenges. However, the researchers call for acknowledging the broader Impact of these sacrifices on the future global movement of FreePalestine.
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Sections notified on 26.03.14 Companies Act 2013 by MCA
1. The List of sections notified Today
Chapter 1 - Preliminary Section 2 – Definitions
Clause (2) - Accounting Standards Clause (7) -
Auditing Standards Clause (13) - Books of Accounts
Clause (31) - Deposits Clause (41) - Financial year
Clause (42) - Foreign company Clause (47) -
Independent Director Clause (48) - Indian Depository
Receipt Clause (62) - One Person Company Clause
(83) - Serious Fraud Investigation Office Clause (85)
- Small Company Explanation (d) of clause (87)
Chapter II -Incorporation of Company and Matters
Incidental Thereto
Section 3 - Formation of a company
Section 4 - Memorandum of a company
Section 5 - Articles of a company
Section 6 - Act to override memorandum and article
Section 7 - Incorporation of a company [except sub-
section (7)]
Section 8 - Formation of a company with charitable
objects [except sub- section (9)]
Section 9 - Effect of registration
Section 10 - Effect of memorandum and articles
Section 11 - Commencement of business
Section 12 - Registered office of the company
Section 13 - Alteration of Memorandum
Section 14 - Alteration of articles [except 2nd
Proviso to (1) & (2)]
Section 15 - Alteration of memorandum and articles
to be noted in every copy
Section 16 - Rectification of name of company
Section 17 - Copies of memorandum and articles,
etc. to be given to members
Section 18 - Conversion of company already
registered
Section 20 - Service of documents Chapter III -
Prospectus and Allotment of Securities
2. Section 23(1) (b) & (2) - Public offer and private
placement [remaining provisions already notified in
2nd phase]
Section 25(3) - Documents containing offer of
securities for sale to be deemed prospectus
[remaining provisions already notified in 2nd phase]
Section 26 - Matters to be stated in prospectus
Section 27 - Variation in terms of contract or
objects in prospectus Section 28 - Offer of sale of
shares by certain members of company
Section 33(3) - Issue of application forms for
securities [remaining provisions already notified in
2nd phase]
Section 35(1)(e) - Civil liability for misstatements in
prospectus [remaining provisions already notified in
2nd phase]
Section 39(4) - Allotment of securities by company
[remaining provisions already notified in 2nd phase]
Section 40(6) - Securities to be dealt with in stock
exchanges [remaining provisions already notified in
2nd phase]
Section 41 - Global depository receipt
Section 42 - Offer or invitation for subscription of
securities on private placement Chapter IV – Share
Capital and Debentures
Section 43 - Kinds of share capital
Section 46 - Certificate of shares
Section 47 - Voting rights
Section 52 - Application of premiums received on
issue of shares
Section 53 - Prohibition on issue of shares at
discount
Section 54 - Issue of sweat equity shares
Section 55 - Issue and redemption of preference
shares [except sub section (3)]
Section 56 - Transfer and transmission of securities
3. Section 61 - Powers of limited company to alter its
share capital [except proviso to (1)(b)]
Section 62 - Further issue of share capital [ except
sub section (4) to (6)]
Section 63 - Issue of bonus shares
Section 64 - Notice to be given to Registrar for
alteration of share capital
Section 67 - Restriction on purchase by company or
giving of loans by it for purchase of its shares
Section 68 - Power of company to purchase its own
securities
Section 70(2) - Prohibition for buy back in certain
circumstances [remaining provisions already notified
in 2nd phase]
Section 71 - Debentures [except sub section (9) to
(11)]
Section 72 - Power to nominate Chapter V -
Acceptance of Deposits by Companies
Section 73 - Prohibition on acceptance of deposits
from public [except sub-section (4)]
Section 74 (1) - Repayment of deposits, etc.,
accepted before commencement of this Act.
Section 76 - Acceptance of deposits from public by
certain companies Chapter VI - Registration of
Charges
Section 77 - Duty to register charges, etc.
Section 78 - Application for registration of charge
Section 79 - Section 77 to apply in certain matters
Section 80 – Date of notice of charge
Section 81 – Register of charges to be kept by
Registrar
Section 82 – Company to report satisfaction of
charge
Section 83 – Power of Registrar to make entries of
satisfaction and release in absence of intimation
from company
4. Section 84 – Intimation of appointment of receiver
or manager
Section 85 – Company’s register of charges
Section 87 - Rectification by Central Government in
register of Charges Chapter VII - Management and
Administration
Section 88 - Register of Members
Section 89 - Declaration in respect of beneficial
interest in any share
Section 90 - Investigation of beneficial ownership of
shares in certain cases
Section 92 - Annual Return
Section 93 - Return to be filed with Registrar in case
promoters’ stake changes
Section 94 - Place of keeping and inspection of
registers, returns, etc Section 95 - Registers, etc, to
be evidence
Section 96 - Annual general meeting
Section 100 (6) - Calling of extraordinary general
meeting [remaining provisions already notified in
2nd phase]
Section 101 - Notice of meeting
Section 105 - Proxies [3rd & 4th proviso to sub -
section (1) & (7)] [remaining provisions already
notified in 2nd phase]
Section 108 - Voting through electronic means
Section 109 - Demand for poll
Section 110 - Postal ballot
Section 113 (1) (b) - Representation of Corporations
at Meeting of Companies and of Creditors
[remaining provisions already notified in 2nd phase]
Section 115 - Resolutions requiring Special Notice
Section 117 - Resolutions and agreements to be filed
Section 118 - Minutes of proceedings of general
meeting, meeting of Board of Directors and other
meeting and resolutions passed by postal ballot
5. Section 119 - Inspection of minute-books of General
Meeting [except sub- section (4)]
Section 120 - Maintenance and inspection of
documents in electronic form
Section 121 - Report on annual general meeting
Section 122 - Applicability of this Chapter to One
Person Company Chapter VIII - Declaration and
Payment of Dividend
Section 123 - Declaration of Dividend
Section 126 - Right to dividend, rights shares and
bonus shares to be held in abeyance pending
Registration of transfer of shares Chapter IX -
Accounts of Companies
Section 128 - Books of account, etc, to be kept by
company
Section 129 - Financial statement Section 134 -
Financial statement, Board’s report, etc
Section 136 - Right of member to copies of Audited
Financial Statement
Section 137 - Copy of financial statement to be filed
with Registrar
Section 138 - Internal audit Chapter X - Audit and
Auditors
Section 139 - Appointment of auditors
Section 140 - Removal, resignation of auditor and
giving of special notice [except 2nd proviso to sub-
section (4) & (5)]
Section 141 - Eligibility, qualifications and
disqualifications of auditors
Section 142 - Remuneration of auditors
Section 143 - Powers and duties of auditors and
auditing Standards
Section 144 - Auditor not to render certain services
Section 145 - Auditor to sign audit reports, etc
Section 146 - Auditors to attend general meeting
Section 147 - Punishment for contravention
6. Section 148 - Central Government to specify audit
of items of cost in respect of certain companies
Chapter XI - Appointment and Qualifications of
Directors
Section 149 - Company to have Board of Directors
Section 150 - Manner of selection of independent
directors and maintenance of data bank of
Independent Directors
Section 151 - Appointment of Directors elected by
Small Shareholders
Section 152 - Appointment of Directors
Section 153 - Application for allotment of Director
Identification Number
Section 154 - Allotment of Director Identification
Number
Section 155 - Prohibition to obtain more than one
Director Identification Number
Section 156 - Director to intimate Director
Identification Number
Section 157 - Company to inform Director
Identification Number to Registrar
Section 158 - Obligation to indicate Director
Identification Number
Section 159 - Punishment for contravention
Section 160 - Right of persons other than retiring
directors to stand for directorship
Section 161(2) - Appointment of Additional Director,
Alternate Director and Nominee Director [remaining
provisions already notified in 2nd phase]
Section 164 - Disqualifications for appointment of
director
Section 165 - Number of directorships
Section 166 - Duties of directors
Section 167 -Vacation of office of Director
Section 168 - Resignation of Director
7. Section 169 - Removal of Directors [except sub-
section (4)]
Section 170 - Register of Directors and Key
Managerial Personnel and their shareholding
Section 171 – Members right to Inspect
Section 172 - Punishment Chapter XII – Meetings of
Board and its Powers
Section 173 - Meetings of Board
Section 174 – Quorum for meetings of Board
Section 175 - Passing of Resolution by Circulation
Section 177 - Audit Committee
Section 178 - Nomination and Remuneration
Committee and Stakeholders Relationship
Committee
Section 179 - Powers of Board
Section 184 - Disclosure of interest by Director
Section 186 - Loan and Investment by Company
Section 187 - Investments of company to be held in
its own name
Section 188 - Related Party Transactions
Section 189 - Register of contracts or arrangements
in which directors are interested
Section 190 - Contract of employment with
Managing or Whole-time Directors
Section 191 - Payment to director for loss of office,
etc, in connection with transfer of undertaking
property or shares
Section 193 - Contracts by One Person Company
Chapter XIII - Appointment and Remuneration of
Managerial Personnel
Section 196 - Appointment of Managing director,
Whole-time Director or Manager
Section 197 - Overall maximum Managerial
Remuneration and Managerial remuneration in case
of absence or inadequacy of profits
Section 198 - Calculation of Profits
8. Section 199 - Recovery of remuneration in certain
cases
Section 200 - Central Government or company to fix
a limit with regard to remuneration
Section 201 - Forms of and procedure in relation to
certain applications
Section 203 - Appointment of key managerial
personnel
Section 204 - Secretarial audit for bigger companies
Section 205 - Functions of company secretary
Chapter XIV – Inspection, Inquiry and Investigation
Section 206 - Power to call for information, inspect
books and conduct inquiries
Section 207 - Conduct of inspection and inquiry
Section 208 - Report on inspection made
Section 209 - Search and seizure
Section 210 - Investigation into affairs of company
Section 211 - Establishment of Serious Fraud
Investigation Office
Section 212 - Investigation into affairs of Company
by Serious Fraud Investigation Office [except
references of sub-sections (10) of section 66, sub-
section (5) of section 140, section 213, sub-section
(1) of sections 251 and sub-section (3) of section
339 made in sub-section (6) and also sub-sections (8)
to (10)]
Section 214 - Security for payment of costs and
expenses of investigation
Section 215 - Firm, body corporate or association
not to be appointed as inspector
Section 216 - Investigation of ownership of company
[ except sub-section (2)]
Section 217 - Procedure, powers, etc, of inspectors
Section 219 - Power of inspector to conduct
investigation into affairs of related companies, etc
Section 220 - Seizure of documents by inspector
9. Section 223 - Inspector’s report
Section 224 - Actions to be taken in pursuance of
inspector’s report [ except sub – section (2) & (5)]
Section 225 - Expenses of investigation
Section 228 - Investigation etc of foreign companies
Section 229 - Penalty for furnishing false statement,
mutilation, destruction of documents Chapter XXI –
Companies Authorised to Register Under this Act
Section 366 – Companies capable of being registered
Section 367 – Certificate of registration of existing
companies
Section 368 – Vesting of property on registration
Section 369 – Saving of existing liabilities
Section 370 – Continuation of pending legal
proceedings (except proviso)
Section 371 - Effects of registration under this part
Section 374 – Obligation of companies registering
under this part Chapter XXII - Companies
Incorporated Outside India
Section 380 - Documents, etc, to be delivered to
Registrar by foreign companies
Section 381 - Accounts of foreign company
Section 384 - Debentures, annual return,
registration of charges, books of account and their
inspection
Section 385 - Fee for registration of documents
Section 386(a) – Interpretation [remaining provisions
already notified in 2nd phase]
Section 387 - Dating of prospectus and particulars to
be contained therein
Section 388 - Provisions as to expert’s consent and
allotment
Section 389 - Registration of prospectus
Section 390 - Offer of Indian Depository Receipts
Section 391(1) - Application of sections 34 to 36 and
Chapter XX
10. Section 392 - Punishment for contraventionm
Section 393 - Company’s failure to comply with
provisions of this Chapter not to affect validity of
contracts, etc Chapter XXIII - Government
Companies
Section 395 - Annual Reports where one or more
State Governments are members of companies
Chapter XXIV – Registration Offices and Fees
Section 396 - Registration offices
Section 397 - Admissibility of certain documents as
evidence
Section 398 - Provisions relating to filing of
applications, documents, inspection, etc, in
electronic form
Section 399 - Inspection, production and evidence of
documents kept by Registrar [except reference of
word Tribunal in sub section (2)]
Section 400 - Electronic form to be exclusive,
alternative or in addition to physical form
Section 401 - Provision of value added services
through electronic form
Section 402 - Application of provisions of
Information Technology Act, 2000
Section 403 - Fee for filing, etc
Section 404 - Fees, etc, to be credited into public
account Chapter XXVI – Nidhis
Section 406 - Power to modify Act in its application
to Nidhis Chapter XXVIII - Special Courts
Section 442 - Mediation and Conciliation Panel
Chapter XXIX – Miscellaneous
Section 454 - Adjudication of penalties
Section 455 - Dormant Company
Section 464 - Prohibition of association or
partnership of persons exceeding certain number
Schedule I - Memorandum of Association
Schedule II - Useful lives to compute depreciation
11. Schedule III - General instructions for preparation of
Balance sheet and Statement of Profit & Loss
Schedule IV - Code of Independent Directors
Schedule V - Conditions to be fulfilled for the
appointment of a Managing or Whole-time Director
or a Manager without approval of the Central
Government
Schedule VI - Infrastructural Projects or
Infrastructural facilities – specification of activities
to be included