Which section of the Companies Act 2013 defines a company?

The term “Company” is defined under section 2(20) of the Companies Act, 2013, “company” means a company incorporated under this Act or under any previous company law.

Which section of the Companies Act 2013 define the term of which director?

Section 2 (34) of the Act prescribed that “director” means a director appointed to the Board of a company. A director is a person appointed to perform the duties and functions of director of a company in accordance with the provisions of the Companies Act, 2013. company are termed as directors.

Under which section the company is defined?

As per section 2 of the Companies Act, 2013 a company is a company as created under the Companies Act, 2013 or any other previous companies act. Was this answer helpful?

What is Section 9 of the Companies Act 2013?

From the date of incorporation mentioned in the certificate of incorporation, such subscribers to the memorandum and all other persons, as may, from time to time, become members of the company, shall be a body corporate by the name contained in the memorandum, capable of exercising all the functions of an incorporated ...

Under which section of the company Act 2013 the definition of articles is laid down?

Section 2 of Companies Act, 2013 – Definitions.

Section 1 of the Companies Act, 2013 explained!

What is Section 4 of Companies Act, 2013?

According to Section 4 of the Companies Act, 2013, the MoA is a legal document specifying information about the shareholding of the company. It also outlines the scope of the company's business activities. Further, it is prepared for the purpose of registering the company. It is also called the charter of the company.

What is a Section 8 company?

The primary purpose of registering a company as a Section 8 Company is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports research, etc. To incorporate a Section 8 Company, a minimum of two directors are required.

What is Section 185 of Companies Act, 2013?

Under Section 185 of the Companies Act, 2013, the company cannot provide loans directly or indirectly, including any loans represented by credit cards: To any of its directors. To any other person, the director is interested in. Provide security in respect of loans taken by the director or any such person.

What is Section 62 of Companies Act, 2013?

➢ Section 62(1)(a) of the Companies Act, 2013 states that company making right issue should send a letter of offer. ➢ No prospectus is required for 'right issue' to existing members, even if the members have right to renounce the right to a third person, who may or may not be a member.

What is Section 180 of Companies Act, 2013?

(a) to sell, lease or otherwise dispose of the whole or substantially the whole of the undertaking of the company or where the company owns more than one undertaking, of the whole or substantially the whole of any of such undertakings.

What is Section 3 of Companies Act, 2013?

(1) The subscriber to the memorandum of a One Person Company shall nominate a person, after obtaining prior written consent of such person, who shall, in the event of the subscriber's death or his incapacity to contract, become the member of that One Person Company.

What is the Section 2 28 of companies act?

(1) Where certain members of a company propose, in consultation with the Board of Directors to offer, in accordance with the provisions of any law for the time being in force, whole or part of their holding of shares to the public, they may do so in accordance with such procedure as may be prescribed.

Which section defines directors?

Section 2(34) of the Companies Act, 2013 defines a 'director' to mean a director appointed to the Board of a company. Under the scheme of the Companies Act, the company itself and its directors or the Board of directors are primary agents of the company to transact its operations.

Which section of Company Act 2013 provides for preparation of liquidator statement of account of the winding up?

A summary procedure for winding up of companies is provided under section 361 of the Companies Act, 2013. The proceedings for liquidation are carried out by an Official Liquidator appointed by the Central Government.

Which section of Companies Act, 2013 is related to issue of shelf prospectus?

Section 31. Shelf prospectus. Companies Act Integrated Ready Reckoner|Companies Act 2013|CAIRR.

What is Section 55 of Companies Act, 2013?

Companies Act Integrated Ready Reckoner|Companies Act 2013|CAIRR. Section 55. Issue and redemption of preference shares. (1) No company limited by shares shall, after the commencement of this Act, issue any preference shares which are irredeemable.

What is the difference between section 42 and section 62 of Companies Act, 2013?

> Section 42 provides for a general provision regarding allotment of securities of any kind whereas Section 62(1)(c) provides for a specific provision of allotment of equity shares or for securities convertible into equity shares.

What is the provision of Section 52 of the Companies Act 2013?

(1) Where a company issues shares at a premium, whether for cash or otherwise, a sum equal to the aggregate amount of the premium received on those shares shall be transferred to a “securities premium account” and the provisions of this Act relating to reduction of share capital of a company shall, except as provided ...

What is Section 186 of Companies Act, 2013?

Section 186 of the Companies Act, 2013 provides for the loans and investments that can be made by a company. It states that a company can make investments through more than two layers of investment companies.

Is section 135 applicable to all the companies?

Yes, the CSR provisions apply to a company registered for a charitable purpose under Section 8 of the Companies Act, 2013. Section 135(1) of the Act states that every company having the specified net worth, turnover, or net profits must establish a CSR committee.

Is Section 186 of Companies Act, 2013 applicable to private company?

Section 186(1) shall not apply on a Specified IFSC public and private company.

What is Section 8 company under Companies Act, 2013?

Definition of Section 8 Company

The Companies Act defines a Section 8 company as one whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives.

What is the difference between Section 8 and Section 25 company?

A Section 8 Company is the same as the popular Section 25 company under the old Companies Act, 1956, which was one of the most popular forms of Non- Profit Organisations in India. But, as per the new Companies Act 2013, Section 25 (as per the old act) has now become Section 8.

What is Section 25 of the Companies Act, 1956?

A “Section 25” company is registered under Section 25 of the Companies Act, 1956. This section provides an alternative to those who want to promote charity without creating a Trust or a Society for the purpose.

What is section 1 of Companies Act, 2013?

(f) such body corporate, incorporated by any Act for the time being in force, as the Central Government may, by notification, specify in this behalf, subject to such exceptions, modifications or adaptation, as may be specified in the notification. The Ministry had issued a Notification No.