Aspirants can also download the companies act 20 notes pdf from the link provided in the end of the article. As we know that the companies act, 20 has now replaced the decades old companies act, 1956 which was amended tons of time. Some of the provisions of the act have been implemented by a notification published on 12th september, 20. Classification on the basis of incorporation statutory companies. The gazette of india extraordinary part ii section i published by authority no.
Companies act, 20 analysis of important provisions. Of the 470 sections in the companies act, 20, substantial number of sections and most of the rules thereunder have been notified. The companies act, 1956 memorandum of association of the federation of indian mineral industries new delhi limited by guarantee and not having a share capital name 1. The pdf file you are about to download is not created by writinglaw. The word company means an association formed by a number of persons for some common object. Comparitive analysis of certain sections of companies act. Ca final study material,practice manual for may 2014 download new tax amendments for ca ipcc, final maynov 2014 download all accounting standards for ca. Company law 1956 is the law which applies to all type companies whether it is public or private company. The companies act, 20 has been notified in the official gazette on 30th august, 20. A act means the companies act 1956 and statutory modification thereof or re. Section 397 to 409 of the companies act, 1956 lays down provision in order to protect the rights of minority shareholders and safeguard their interest against the oppressive act of majority shareholders.
The companies act, 1956 existing act contains 658 sections and xv schedules. Act, 1956 contents chapter i preliminary sections page 1. As you know that companies act, 20 has been published in the gazette for public information with the information that it will become applicable once it is notified by the central government ministry of corporate affairs to replace the present companies act, 1956. These sections are updated and extracted from the ebook on the companies act 20 by aubsp. You can view a specific section, or view all sections grouped by chapters. Sections under companies act which affected the role of companies secretary 1. The companies act 20 is an act of the parliament of india on indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company. You can find many more books for competitive exam or. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts.
Communication, acceptance and revocation of proposals. Full text containing the act, companies act, 1956, with all the sections, schedules, short title. Yes, some sections of companies act 1956 are still applicable. If you agree then only proceed to download companies act 20 pdf. Full text containing the act, companies act, 1956, with all the sections, schedules, short. Hence, the main purpose behind it was to integrate, harmonize and standardization of diverse secretarial practices. Complete list of sections of companies act, 20 corporate. Section 25 companies in the companies act, 1956 advisory. In this article, you can read the salient features of the companies act 20 and its comparison with the older companies act 1956, for the ias exam. Similarly, another type of company incorporated under the companies act, 1956 is section 25 companies. Presidents assent on 29 th august 20 law to be operational in phases o 98 sections notified on 12 th september 20 corresponding sections of companies act, 1956 ceased to have effect from that date o no transitional provisions draft rules and corresponding forms issued. Be it enacted by parliament in the sixtyfourth year of the republic of india as follows. In the case of a government company, the following provisions shall apply, notwithstanding anything contained in sections 224 to 233. Companies act 1956 was separated into parts having 658 sections, along with 15 schedules where as companies act 20 has been divided into 29 chapters along with 470 sections and 7 schedules.
The companies act, 20 ministry of corporate affairs. Rights of minority shareholders in india under the. Application of sections 224 to 233 to government companies. The provisions of companies act, 1956 is still in force. Aj, chairman and managing director of the company, to hold an office or. This is so because the government is yet to set bodies like national company law tribunal and the relevant rules need to be notified. All the regional directors, all the registrar of companies official liquidators clarification on applicability of provisions of section 108a to 1081 of the companies act, 1956 regarding.
An act to consolidate and amend the law relating to companies. Sections 108a to 1081 of the companies act, 1956 were inserted in the companies act, 1956 through monopolies and restrictive trade practices amendment act. Every company is required to follow the company law otherwise it will be treated as punishable offence under the companies act, 1956. Be it enacted by parliament in the sixth year of the republic of india as follows 1. Various companies have been incorporated under the companies act, 1956. Clarification on applicability of provisions of section. Companies act, 20 bare acts law library advocatekhoj. J, j the petitioner has prayed for winding up of the respondent company under section 439 read with sections 433 and 434 of the companies act, 1956 and for appointment of official liquidator as provided thereunder. The companies act, 20 under section 118 makes it necessary for the companies to comply with the secretarial standards. Introduction to companies act 1956 authorstream presentation. In the matter of sections 433 and 434 of the companies act. Section 25 companies under companies act 1956 legal.
The act has replaced the companies act, 1956 after receiving the assent of the president of india on 29 august 20. The act, has lesser sections as the companies will be governed more through the rules which are yet to be prescribed. The provisions of this act shall apply to goa, daman and diu. The 20 act is divided into 29 chapters containing 470 sections as against 658 sections in the companies act, 1956 and has 7 schedules. You can also search for keywords within the sections of the act. Sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc 264 consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the registrar. All information on free downloadable ebook the indian companies act 1956 free pdf ebook cakart free book section, click on image to see the detail. The companies act, 20 rules on the companies act, 20 this feature allows you to view the companies act, 20 sectionwise or chapterwise.
Companies act, 1956 bare acts law library advocatekhoj. Classification on the basis of number of members private company a private company means a company which has a minimum paid up capital of rs. Pdf companies act 1956 and 20 pdf download, high quality. The companies act 20 has 464 sections and 7 schedules. Definitions of company, existing company, private company and public company 4. Distinction between companies act 1956 and companies act 20. The companies act 20 contains 470 sections under 29 chapters with seven schedules. The notes below are prepared based on the provisions of the act. This act has been extended to goa, daman and diu by regulation 12 of 1962 with modifications, s. Companies act 20 consider some definitions which companies act. The advantages of section 25 companies over other companies registered under companies act are discussed below. Companies act, 1956, substantially stand withdrawn under the new act. Section 264 consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the registrar.
A total of another 184 sections came into force from 1. Pension funds amendment act, 2001 pdf version act no. The new law is a paradigm shift in the way every stakeholder in a corporation. An act to consolidate and amend the law relating to companies and certain other associations. The act came into force on 12 september 20 with only 98 provisions of the act notified. Section 263a sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc. The name of the company hereinafter called the federation is the federation of indian mineral industries.
Download the complete list of all sections of companies act 20 in pdf format. Resolved that pursuant to the provisions of sections 3141, 3141b and other applicable provisions, if any, of the companies act, 1956 and subject to the approval of the central government, consent of the company be and is hereby accorded to mr. See gazette of india, extraordinary, 1956, part ii, section 3, p. The petitioner company has sought for the aforesaid directions alleging failure on the part of the company to pay its alleged debt to the petitioner to the.
The indian companies act 1956 free pdf ebook cakart. In the absence of this relevant sections of the new act cannot be implemented. These are created by special act of the legislature e. Rights and role of company secretary under companies act. The act consolidates and amends the law relating to companies. All 438 sections are notified by the ministry of corporate affairs mca and majority of the rules to the various chapterssections of the companies act, 20. The companies acts 1948 to 1980 was the collective title of the companies act 1948, parts i and iii of the companies act 1967, the companies floating charges and receivers scotland act 1972, section 9 of the european communities act 1972, sections 1 to 4 of the stock exchange completion of bargains act 1976, section 9 of the insolvency.