Wednesday, November 29, 2017

Comparative Chart of Sections between Companies Act, 2013 and Companies Act, 1956


COMPARISON OF PROVISIONS OF THE  COMPANIES ACT, 2013 WITH THE PROVISIONS OF THE COMPANIES ACT, 1956 **
Companies Act, 2013
Companies Act, 1956
Section 1
Short title, extent, commencement and application
Section 1
Short title, extent, commencement and application
Section 2
Definitions
Section 2
Definitions
Section 2(1)
Abridged Prospectus
Section 2(1)
Abridged Prospectus
Section 2(2)
Accounting Standards


Section 2(3)
Alter or Alteration
Section 2(1A)
Alter and Alteration
Section 2(4)
Appellate Tribunal
Section 2(1B)
Appellate Tribunal
Section 2(5)
Articles
Section 2(2)
Articles
Section 2(6)
Associate Company


Section 2(7)
Auditing Standards


Section 2(8)
Authorised Capital or Nominal Capital


Section 2(9)
Banking Company
Section 2(5)
Banking Company
Section 2(10)
Board of Directors or Board
Section 2(6)
Board of Directors or Board
Section 2(11)
Body Corporate or Corporation
Section 2(7)
Body Corporate or Corporation
Section 2(12)
Book and Paper and Book or Paper
Section 2(8)
Book and Paper/ Book or Paper
Section 2(13)
Books of Account


Section 2(14)
Branch Office
Section 2(9)
Branch Office
Section 2(15)
Called-Up Capital


Section 2(16)
Charge


Section 2(17)
Chartered Accountant


Section 2(18)
Chief Executive Officer


Section 2(19)
Chief Financial Officer


Section 2(20)
Company
Section 2(10)
Company
Section 2(21)
Company Limited by Guarantee
Section 2(23)
Limited Company
Section 2(22)
Company Limited by Shares
Section 2(23)
Limited Company
Section 2(23)
Company Liquidator


Section 2(24)
Company Secretary or Secretary
Section 2(45)
Secretary
Section 2(25)
Company Secretary in Practice
Section 2(45A)
Secretary in Whole-Time Practice
Section 2(26)
Contributory


Section 2(27)
Control


Section 2(28)
Cost Accountant


Section 2(29)
Court
Section 2(11)
The Court
Section 2(30)
Debenture
Section 2(12)
Debenture
Section 2(31)
Deposit


Section 2(32)
Depository
Section 2(12A)
Depository
Section 2(33)
Derivative
Section 2(12B)
Derivative
Section 2(34)
Director
Section 2(13)
Director
Section 2(35)
Dividend
Section 2(14A)
Dividend
Section 2(36)
Document
Section 2(15)
Document
Section 2(37)
Employees’ Stock Option
Section 2(15A)
Employees Stock Option
Section 2(38)
Expert


Section 2(39)
Financial Institution


Section 2(40)
Financial Statement


Section 2(41)
Financial Year
Section 2(17)
Financial Year
Section 2(42)
Foreign Company


Section 2(43)
Free Reserves


Section 2(44)
Global Depository Receipt


Section 2(45)
Government Company
Section 2(18)
Government Company
Section 2(46)
Holding Company
Section 2(19)
Holding Company
Section 2(47)
Independent Director


Section 2(48)
Indian Depository Receipt


Section 2(49)
Interested Director


Section 2(50)
Issued Capital


Section 2(51)
Key Managerial Personnel


Section 2(52)
Listed Company
Section 2(23A)
Listed Public Companies
Section 2(53)
Manager
Section 2(24)
Manager
Section 2(54)
Managing Director
Section 2(26)
Managing Director
Section 2(55)
Member
Section 2(27)
Member
Section 2(56)
Memorandum
Section 2(28)
Memorandum
Section 2(57)
Net Worth
Section 2(29A)
Net Worth
Section 2(58)
Notification


Section 2(59)
Officer
Section 2(30)
Officer
Section 2(60)
Officer Who Is In Default
Section 2(31)
Officer Who Is In Default
Section 2(61)
Official Liquidator


Section 2(62)
One Person Company


Section 2(63)
Ordinary or Special Resolution


Section 2(64)
Paid-Up Share Capital or Share Capital Paid-Up
Section 2(32)
Paid-Up Capital or Capital Paid Up
Section 2(65)
Postal Ballot


Section 2(66)
Prescribed
Section 2(33)
Prescribed
Section 2(67)
Previous Company Law
Section 2(34)
Previous Companies Law
Section 2(68)
Private Company
Section 2(35)
Private Company
Section 2(69)
Promoter


Section 2(70)
Prospectus
Section 2(36)
Prospectus
Section 2(71)
Public Company
Section 2(37)
Public Company
Section 2(72)
Public Financial Institution


Section 2(73)
Recognised Stock Exchange
Section 2(39)
Recognised Stock Exchange
Section 2(74)
Register of Companies


Section 2(75)
Registrar
Section 2(40)
Registrar
Section 2(76)
Related Party


Section 2(77)
Relative
Section 2(41)
Relative
Section 2(78)
Remuneration


Section 2(79)
Schedule
Section 2(42)
Schedule
Section 2(80)
Scheduled Bank
Section 2(43)
Scheduled Bank
Section 2(81)
Securities
Section 2(45AA)
Securities
Section 2(82)
Securities and Exchange Board
Section 2(45B)
Securities and Exchange Board of India
Section 2(83)
Serious Fraud Investigation Office


Section 2(84)
Share
Section 2(46)
Share
Section 2(85)
Small Company


Section 2(86)
Subscribed Capital


Section 2(87)
Subsidiary Company or Subsidiary
Section 2(47)
Subsidiary Company or Subsidiary
Section 2(88)
Sweat Equity Shares


Section 2(89)
Total Voting Power
Section 2(48)
Total Voting Power
Section 2(90)
Tribunal
Section 2(49A)
Tribunal
Section 2(91)
Turnover


Section 2(92)
Unlimited Company


Section 2(93)
Voting Right


Section 2(94)
Whole-Time Director


Section 2(94 A)
Winding Up


Section 2(95)
Words and Expressions


Section 3
Formation of company
Section 12
Mode of forming incorporated company
Section 4
Memorandum
Section 13
Requirements with respect to memorandum
Section 14
Form of memorandum
Section 15
Printing and signature of memorandum
Section 15A
Special provision as to alteration of memorandum consequent on alteration of name of State of Madras
Section 15B
Special provision as to alteration of memorandum consequent on alteration of name of State of Mysore
Section 20
Companies not to be registered with undesirable names
Section 37
Provision as to companies limited by guarantee
Section 5
Articles
Section 26
Articles prescribing regulations
Section 27
Regulations required in case of unlimited company, company limited by guarantee or private company limited by shares
Section 28
Adoption and application of Table A in the case of companies limited by shares
Section 29
Form of articles in the case of other companies
Section 30
Form and signature of articles
Section 6
Act to override memorandum, articles, etc.
Section 9
Act to override memorandum, articles, etc.
Section 7
Incorporation of company [Except sub-section (7)]
Section 33
Registration of memorandum and articles
Section 34
Effect of registration
Section 35
Conclusiveness of certificate of incorporation
Section 8
Formation of companies with charitable objects, etc. [Except sub-section (9)]
Section 25
Power to dispense with "Limited" in name of charitable or other company
Section 9
Effect of registration


Section 10
Effect of memorandum and articles
Section 36
Effect of memorandum and articles
Section 11
[Omitted]
Section 149
Restrictions on commencement of business
Section 12
Registered office of company
Section 17A
Change of registered office within a State
Section 146
Registered office of company
Section 147
Publication of name by company
Section 13
Alteration of memorandum
Section 16
Alteration of memorandum
Section 17
Special resolution and confirmation by Central Government required for alteration of memorandum
Section 18
Alteration to be registered within three months
Section 19
Effect of failure to register
Section 21
Change of name by company
Section 23
Registration of change of name and effect thereof
Section 14
Alteration of articles


Section 15
Alteration of memorandum or articles to be noted in every copy
Section 40
Alteration of memorandum or articles, etc., to be noted in every copy
Section 16
Rectification of name of company
Section 22
Rectification of name of company
Section 17
Copies of memorandum, articles, etc., to be given to members
Section 39
Copies of memorandum and articles, etc., to be given to members
Section 18
Conversion of companies already registered
Section 32
Registration of unlimited company as limited, etc.
Section 19
Subsidiary company not to hold shares in its holding company
Section 42
Membership of holding company
Section 20
Service of documents
Section 51
Service of documents on company
Section 52
Service of documents on Registrar
Section 53
Service of documents on members by company
Section 21
Authentication of documents, proceedings and contracts
Section 54
Authentication of documents and proceedings
Section 22
Execution of bills of exchange, etc.
Section 47
Bills of exchange and promissory notes
Section 48
Execution of deeds
Section 23
Public offer and private placement
Section 67
Construction of references to offering shares or debentures to the public, etc
Section 24
Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.
Section 55A
Powers of Securities and Exchange Board of India
Section 25
Document containing offer of securities for sale to be deemed prospectus
Section 64
Document containing offer of shares or debentures for sale to be deemed prospectus
Section 26
Matters to be stated in prospectus
Section 55
Dating of prospectus
Section 56
Matters to be stated and reports to be set out in prospectus
Section 57
Expert to be unconnected with formation or management of company
Section 58
Expert's consent to issue of prospectus containing statement by him
Section 59
Penalty and interpretation
Section 60
Registration of prospectus
Section 27
Variation in terms of contract or objects in prospectus
Section 61
Terms of contract mentioned in prospectus or statement in lieu of prospectus, not to be varied
Section 28
Offer of sale of shares by certain members of company
-

Section 29
Public offer of securities to be in dematerialised form
Section 68B
Initial offer of securities to be in dematerialised form in certain cases
Section 30
Advertisement of prospectus
Section 66
Newspaper advertisements of prospectus
Section 31
Shelf prospectus
Section 68
Penalty for fraudulently inducing persons to invest money
Section 32
Red herring prospectus
Section 60B
Information memorandum
Section 33
Issue of application forms for securities


Section 34
Criminal liability for mis-statements in prospectus
Section 63
Criminal liability for mis-statements in prospectus
Section 35
Civil liability for mis-statements in prospectus
Section 62
Civil liability for mis-statements in prospectus
Section 36
Punishment for fraudulently inducing persons to invest money
Section 68
Penalty for fraudulently inducing persons to invest money
Section 37
Action by affected persons
-

Section 38
Punishment for personation for acquisition, etc., of securities
Section 68A
Personation for acquisition, etc., of shares
Section 39
Allotment of securities by company
Section 69
Prohibition of allotment unless minimum subscription received
Section 75
Return as to allotments
Section 40
Securities to be dealt with in stock exchanges
Section 73
Allotment of shares and debentures to be dealt in on stock exchange
Section 76
Power to pay certain commissions and prohibition of payment of all other commissions, discounts, etc.
Section 41
Global depository receipt
-

Section 42
Offer or invitation for subscription of securities on private placement
Section 67
Construction of references to offering shares or debentures to the public, etc
Section 43
Kinds of share capital
Section 2(46A)
Share with Differential Rights
Section 85
Two kinds of share capital
Section 86
New issues of share capital to be only of two kinds
Section 44
Nature of shares or debentures
Section 82
Nature of shares or debentures
Section 45
Numbering of shares
Section 83
Numbering of shares
Section 46
Certificate of shares
Section 84
Certificate of shares
Section 47
Voting rights
Section 87
Voting rights
Section 48
Variation of shareholders' rights


Section 49
Calls on shares of same class to be made on uniform basis
Section 91
Calls on shares of same class to be made on uniform basis
Section 50
Company to accept unpaid share capital, although not called up
Section 92
Power of company to accept unpaid share capital, although not called up
Section 51
Payment of dividend in proportion to amount paid-up
Section 93
Payment of dividend in proportion to amount paid-up
Section 52
Application of premiums received on issue of shares
Section 78
Application of premiums received on issue of shares
Section 53
Prohibition on issue of shares at discount
Section 79
Power to issue shares at a discount
Section 54
Issue of sweat equity shares
Section 79A
Issue of sweat equity shares
Section 55
Issue and redemption of preference shares


Section 56
Transfer and transmission of securities
Section 108
Transfer not to be registered except on production of instrument of transfer
Section 108A
Restriction on acquisition of certain shares
Section 108B
Restriction on transfer of shares
Section 108C
Restriction on the transfer of shares of foreign companies
Section 108D
Power of Central Government to direct companies not to give effect to the transfer
Section 108E
Time within which refusal to be communicated
Section 108F
Nothing in sections 108A to 108D to apply to Government companies, etc
Section 108G
Applicability of the provisions of sections 108A to 108F
Section 108H
Construction of certain expressions used in sections 108A to 108G
Section 108I
Penalty for acquisition or transfer of share in contravention of sections 108A to 108D
Section 109
Transfer by legal representative
Section 110
Application for transfer
Section 113
Limitation of time for issue of certificates
Section 57
Punishment for personation of shareholder
Section 116
Penalty for personation of shareholder
Section 58
Refusal of registration and appeal against refusal
Section 111
Power to refuse registration and appeal against refusal
Section 59
Rectification of register of members
Section 111A
Rectification of register on transfer
Section 60
Publication of authorised, subscribed and paid-up capital
Section 148
Publication of authorised as well as subscribed and paid-up capital
Section 61
Power of limited company to alter its share capital
Section 94
Power of limited company to alter its share capital
Section 62
Further issue of share capital
Section 81
Further issue of capital
Section 63
Issue of bonus shares


Section 64
Notice to be given to Registrar for alteration of share capital
Section 94A
Share capital to stand increased where an order is made under section 81(4)
Section 95
Notice to Registrar of consolidation of share capital, conversion of shares into stock, etc.
Section 97
Notice of increase of share capital or of members
Section 65
Unlimited company to provide for reserve share capital on conversion into limited company
Section 98
Power of unlimited company to provide for reserve share capital on registration
Section 66
Reduction of share capital


Section 67
Restrictions on purchase by company or giving of loans by it for purchase of its shares
Section 77
Restrictions on purchase by company, or loans by company for purchase, of its own or its holding company's shares
Section 68
Power of company to purchase its own securities
Section 77A
Power of company to purchase its own securities
Section 69
Transfer of certain sums to capital redemption reserve account
Section 77AA
Transfer of certain sums to capital redemption reserve account
Section 70
Prohibition for buy-back in certain circumstances
Section 77B
Prohibition for buy-back in certain circumstances
Section 71
Debentures


Section 72
Power to nominate
Section 109A
Nomination of shares
Section 109B
Transmission of shares
Section 73
Prohibition on acceptance of deposits from public
Section 58A
Deposits not to be invited without issuing an advertisement
Section 58AA
Small depositors
Section 58AAA
Default in acceptance or refund of deposits to be cognizable
Section 58B
Provisions relating to prospectus to apply to advertisement
Section 59
Penalty and interpretation
Section 74
Repayment of deposits, etc., accepted before commencement of this Act


Section 75
Damages for fraud


Section 76
Acceptance of deposits from public by certain companies


Section 76A
Punishment for contravention of section 73 or section 76
Section 58A
Deposits not to be invited without issuing an advertisement
Section 77
Duty to register charges, etc.
Section 125
Certain charges to be void against liquidator or creditors unless registered
Section 128
Particulars in case of series of debentures entitling holders pari passu
Section 129
Particulars in case of commission, etc., on debentures
Section 132
Certificate of registration
Section 133
Endorsement of certificate of registration on debenture or certificate of debenture stock
Section 145
Application of Part to charges requiring registration under it but not under previous law
Section 78
Application for registration of charge
Section 134
Duty of company as regards registration and right of interested party
Section 79
Section 77 to apply in certain matters
Section 127
Registration of charges on properties acquired subject to charge
Section 135
Provisions of Part to apply to modification of charges
Section 80
Date of notice of charge
Section 126
Date of notice of charge
Section 81
Register of charges to be kept by Registrar
Section 130
Register of charges to be kept by Registrar
Section 82
Company to report satisfaction of charge
Section 138
Company to report satisfaction and procedure thereafter
Section 83
Power of Registrar to make entries of satisfaction and release in absence of intimation from company
Section 139
Power of Registrar to make entries of satisfaction and release in absence of intimation from company
Section 140
Copy of memorandum of satisfaction to be furnished to company
Section 84
Intimation of appointment of receiver or manager
Section 137
Entry in register of charges of appointment of receiver or manager
Section 85
Company's register of charges
Section 131
Index to register of charges
Section 136
Copy of instrument creating charge to be kept by company at registered office
Section 143
Company's register of charges
Section 144
Right to inspect copies of instruments creating charges and company's register of charges
Section 86
Punishment for contravention
Section 142
Penalties
Section 87
Rectification by Central Government in register of charges
Section 141
Rectification by Central Government of register of charges
Section 88
Register of members, etc.
Section 150
Register of members
Section 151
Index of members
Section 152
Register and index of debenture-holders
Section 152A
Register and index of beneficial owners to be of debenture-holders
Section 153
Trusts not to be entered on register
Section 153A
Appointment of public trustee
Section 153B
Declaration as to shares and debentures held in trust
Section 157
Power for company to keep foreign register of members or debenture-holders
Section 158
Provisions as to foreign registers
Section 89
Declaration in respect of beneficial interest in any share
Section 187C
Declaration by persons not holding beneficial interest in any share
Section 90
Investigation of beneficial ownership of shares in certain cases
Section 187D
Investigation of beneficial ownership of shares in certain cases
Section 91
Power to close register of members or debenture-holders or other security holders
Section 154
Power to close register of members or debenture-holders
Section 92
Annual return
Section 159
Annual return to be made by company having a share capital
Section 160
Annual return to be made by company not having a share capital
Section 161
Further provisions regarding annual return and certificate to be annexed thereto
Section 162
Penalty and interpretation
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 163
Place of keeping and inspection of, registers and returns
Section 95
Registers, etc., to be evidence
Section 164
Registers, etc., to be evidence
Section 96
Annual general meeting
Section 165
Statutory meeting and statutory report of company
Section 166
Annual general meeting
Section 170
Sections 171 to 186 to apply to meetings
Section 97
Power of Tribunal to call annual general meeting


Section 98
Power of Tribunal to call meetings of members, etc.


Section 99
Punishment for default in complying with provisions of sections 96 to 98


Section 100
Calling of extraordinary general meeting


Section 101
Notice of meeting
Section 171
Length of notice for calling meeting
Section 172
Contents and manner of service of notice and persons on whom it is to be served
Section 102
Statement to be annexed to notice
Section 173
Explanatory statement to be annexed to notice
Section 103
Quorum for meetings
Section 174
Quorum for meeting
Section 104
Chairman of meetings
Section 175
Chairman of meeting
Section 105
Proxies


Section 106
Restriction on voting rights
Section 181
Restriction on exercise of voting right of members who have not paid calls etc.
Section 182
Restrictions on exercise of voting right in other cases to be void
Section 183
Right of member to use his votes differently
Section 107
Voting by show of hands
Section 177
Voting to be by show of hands in first instance
Section 178
Chairman's declaration of result of voting by show of hands to be conclusive
Section 108
Voting through electronic means


Section 109
Demand for poll
Section 179
Demand for poll
Section 180
Time of taking poll
Section 184
Scrutineers at poll
Section 185
Manner of taking poll and result thereof
Section 110
Postal ballot
Section 192A
Passing of resolutions by postal ballot
Section 111
Circulation of members' resolution
Section 188
Circulation of members' resolutions
Section 112
Representation of President and Governors in meetings
Section 187A
Representation of the President and Governors in meetings of companies of which they are members
Section 187B
Exercise of voting rights in respect of shares held in trust
Section 113
Representation of corporations at meeting of companies and of creditors
Section 187
Representation of corporations at meetings of companies and of creditors
Section 114
Ordinary and special resolutions
Section 189
Ordinary and special resolutions
Section 115
Resolutions requiring special notice
Section 190
Resolutions requiring special notice
Section 116
Resolutions passed at adjourned meeting
Section 191
Resolutions passed at adjourned meetings
Section 117
Resolutions and agreements to be filed
Section 192
Registration of certain resolutions and agreements
Section 118
Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot
Section 193
Minutes of proceedings of general meetings and of Board and other meetings
Section 194
Minutes to be evidence
Section 195
Presumptions to be drawn where minutes duly drawn and signed
Section 196
Inspection of minute books of general meetings
Section 119
Inspection of minute-books of general meeting
Section 196
Inspection of minute books of general meetings
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
-

Section 123
Declaration of dividend


Section 124
Unpaid Dividend Account


Section 125
Investor Education and Protection Fund


Section 126
Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares
Section 206A
Right to dividend, rights shares and bonus shares to he held in abeyance pending registration of transfer of shares
Section 127
Punishment for failure to distribute dividends
Section 207
Penalty for failure to distribute dividends within thirty days
Section 128
Books of account, etc., to be kept by company
Section 209
Books of account to be kept by company
Section 214
Rights of holding company's representatives and members
Section 129
Financial statement
Section 210
Annual accounts and balance-sheet
Section 211
Form and contents of balance-sheet and profit and loss account
Section 212
Balance-sheet of holding company to include certain particulars as to its subsidiaries
Section 213
Financial year of holding company and subsidiary
Section 221
Duty of officer to make disclosure of payments, etc.
Section 222
Construction of references to documents annexed to accounts
Section 223
Certain companies to publish statement in the Form in Table F in Schedule I
Section 130
Re-opening of accounts on court's or Tribunal's orders


Section 131
Voluntary revision of financial statements or Board's report


Section 132
Constitution of National Financial Reporting Authority


Section 133
Central Government to prescribe accounting standards


Section 134
Financial statement, Board's report, etc.
Section 215
Authentication of balance-sheet and profit and loss account
Section 216
Profit and loss account to be annexed and auditors' report to be attached to balance-sheet
Section 217
Board's report
Section 218
Penalty for improper issue, circulation or publication of balance-sheet or profit and loss account
Section 135
Corporate Social Responsibility
-

Section 136
Right of member to copies of audited financial statement
Section 219
Right of member to copies of balance-sheet and auditors' report
Section 137
Copy of financial statement to be filed with Registrar
Section 220
Three copies of balance-sheet, etc., to be filed with Registrar
Section 138
Internal audit
-

Section 139
Appointment of auditors
Section 224
Appointment and remuneration of auditors
Section 224A
Auditor not to be appointed except with the approval of the company by special resolution in certain cases
Section 619
Application of sections 224 to 233 to Government companies
Section 140
Removal, resignation of auditor and giving of special notice
Section 225
Provisions as to resolutions for appointing or removing auditors
Section 141
Eligibility, qualifications and disqualifications of auditors
Section 226
Qualifications and disqualifications of auditors
Section 142
Remuneration of auditors


Section 143
Section 143
Section 227
Powers and duties of auditors
Section 228
Audit of accounts of branch office of company
Section 263A
Sections 177, 255, 256, and 263 not to be apply in relation to companies not carrying business for profit etc.
Section 144
Auditor not to render certain services
-

Section 145
Auditor to sign audit reports, etc.
Section 229
Signature of audit report, etc.
Section 230
Reading and inspection of auditor's report
Section 146
Auditors to attend general meeting
Section 231
Right of auditor to attend general meeting
Section 147
Punishment for contravention
Section 232
Penalty for non-compliance with sections 225 to 231
Section 233
Penalty for non-compliance by auditor with sections 227 and 229
Section 233A
Power of Central Government to direct special audit in certain cases
Section 148
Central Government to specify audit of items of cost in respect of certain companies
Section 233B
Audit of cost accounts in certain cases
Section 149
Company to have Board of Directors
Section 252
Minimum number of directors
Section 253
Only individuals to be directors
Section 258
Right of company to increase or reduce the number of directors
Section 259
Increase in number of directors to require Government sanction
Section 150
Manner of selection of independent directors and maintenance of databank of independent directors
-

Section 151
Appointment of director elected by small shareholders


Section 152
Appointment of directors
Section 254
Subscribers of memorandum deemed to be directors
Section 255
Appointment of directors and proportion of those who are to retire by rotation
Section 256
Ascertainment of directors retiring by rotation and filling of vacancies
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
Section 153
Application for allotment of Director Identification Number
Section 266A
Application for allotment of Director Identification Number
Section 154
Allotment of Director Identification Number
Section 266B
Allotment of Director Identification Number
Section 155
Prohibition to obtain more than one Director Identification Number
Section 266C
Prohibition to obtain more than one Director Identification Number
Section 156
Director to intimate Director Identification Number
Section 266D
Obligation of director to intimate Director Identification Number to concerned company or companies
Section 157
Company to inform Director Identification Number to Registrar
Section 266E
Obligation of company to inform Director Identification Number to Registrar
Section 158
Obligation to indicate Director Identification Number
Section 266F
Obligation to indicate Director Identification Number
Section 159
Punishment for contravention
Section 266G
Penalty for contravention of provisions of section 266A or section 266C or section 266D or section 266E
Section 160
Right of persons other than retiring directors to stand for directorship
Section 257
Right of persons other than retiring directors to stand for directorship
Section 161
Appointment of additional director, alternate director and nominee director
Section 260
Additional directors
Section 262
Filling of casual vacancies among directors
Section 313
Appointment and term of office of alternate directors
Section 162
Appointment of directors to be voted individually
Section 263
Appointment of directors to be voted on individually
Section 163
Option to adopt principle of proportional representation for appointment of directors
Section 265
Option to company to adopt proportional representation for the appointment of directors
Section 164
Disqualifications for appointment of director


Section 165
Number of directorships


Section 166
Duties of directors
Section 312
Prohibition of assignment of office by directors
Section 167
Vacation of office of director
Section 283
Vacation of office by directors
Section 168
Resignation of director
-

Section 169
Removal of directors
Section 284
Removal of directors
Section 170
Register of directors and key managerial personnel and their shareholding
Section 303
Register of directors, etc.
Section 307
Register of directors' shareholdings, etc.
Section 171
Members' right to inspect
Section 304
Inspection of the register
Section 172
Punishment
-

Section 173
Meetings of Board
Section 285
Board to meet at least once in every three calender months
Section 286
Notice of meetings
Section 174
Quorum for meetings of Board
Section 287
Quorum for meetings
Section 288
Procedure where meeting adjourned for want of quorum
Section 175
Passing of resolution by circulation
Section 289
Passing of resolutions by circulation
Section 176
Defects in appointment of directors not to invalidate actions taken
Section 290
Validity of acts of directors
Section 177
Audit Committee
Section 292A
Audit Committee
Section 178
Nomination and Remuneration Committee and Stakeholders Relationship Committee
-

Section 179
Powers of Board
Section 291
General powers of Board
Section 292
Certain powers to be exercised by Board only at meeting
Section 180
Restrictions on powers of Board
Section 293
Restrictions on powers of Board
Section 181
Company to contribute to bona fide and charitable funds, etc.
-

Section 182
Prohibitions and restrictions regarding political contributions
Section 293A
Section 183
Power of Board and other persons to make contributions to national defence fund, etc.
Section 293B
Power of Board and other persons to make contributions to the National, Defence Fund, etc.
Section 184
Disclosure of interest by director
Section 299
Disclosure of interests by director
Section 305
Duty of directors, etc., to make disclosure
Section 185
Loan to directors, etc.
Section 295
Loans to directors, etc.
Section 296
Application of section 295 to book debts in certain cases
Section 186
Loan and investment by company
Section 372A
Inter-corporate loans and investments
Section 187
Investments of company to be held in its own name
Section 49
Investments of company to be held in its own name
Section 188
Related party transactions
Section 294
Appointment of sole selling agents to require approval of company in general meeting
Section 294A
Prohibition of payment of compensation to sole selling agents for loss of office in certain cases
Section 294AA
Power of Central Government to prohibit the appointment of sole selling agents in certain cases
Section 297
Board's sanction to be required for certain contracts in which particular directors are interested
Section 314
Director, etc. not to hold office or place of profit
Section 189
Register of contracts or arrangements in which directors are interested
Section 301
Register of contracts, companies and firms in which directors are interested
Section 190
Contract of employment with managing or whole-time directors
Section 302
Disclosure to members of director's interest in contract appointing manager, managing director
Section 191
Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares
Section 319
Payment to director, etc., for loss of office, etc., in connection with transfer of undertaking of property
Section 320
Payment to director for loss of office, etc., in connection with transfer of shares
Section 321
Provisions supplementary to sections 318, 319 and 320
Section 192
Restriction on non-cash transactions involving directors
-

Section 193
Contract by One Person Company
-

Section 194
Prohibition on forward dealings in securities of company by director or key managerial personnel
-

Section 195
Prohibition on insider trading of securities
-

Section 196
Appointment of managing director, whole-time director or manager
Section 197A
Company not to appoint or employ certain different categories of managerial personnel at the same time
Section 267
Certain persons not to be appointed managing directors
Section 311
Increase in remuneration of managing director on re-appointment or appointment after Act to require Government sanction
Section 317
Managing director not to be appointed for more than five years at a time
Section 384
Firm or body corporate not to be appointed manager
Section 385
Certain persons not to be appointed managers
Section 388
Application of sections 269, 310, 311, 312 and 317 to managers
Section 197
Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits
Section 198
Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits
Section 201
Avoidance of provisions relieving liability of officers and auditors of company
Section 309
Remuneration of directors
Section 310
Provision for increase in remuneration to require Government sanction
Section 387
Remuneration of manager
Section 198
Calculation of profits
Section 349
Determination of net profits
Section 199
Recovery of remuneration in certain cases
-

Section 200
Central Government or company to fix limit with regard to remuneration
Section 637AA
Power of Central Government to fix a limit with regard to remuneration
Section 201
Forms of, and procedure in relation to, certain applications
Section 640B
Forms of, and procedure in relation to, certain applications
Section 202
Compensation for loss of office of managing or whole-time director or manager
Section 318
Compensation for loss of office not permissible except to managing or whole-time directors or to directors who are managers
Section 203
Appointment of key managerial personnel
Section 269
Appointment of managing or whole-time director or manager to require Government approval only in certain cases
Section 316
Number of companies of which one person may be appointed managing director
Section 386
Number of companies of which a person may be appointed manager
Section 204
Secretarial audit for bigger companies
-

Section 205
Functions of company secretary
-

Section 206
Power to call for information, inspect books and conduct inquiries
Section 234
Power of Registrar to call for information or explanation
Section 207
Conduct of inspection and inquiry
Section 209A
Inspection of books of accounts, etc. of companies
Section 208
Report on inspection made
-

Section 209
Search and seizure
Section 234A
Seizure of documents by Registrar
Section 210
Investigation into affairs of company
Section 235
Investigation of affairs of a company
Section 211
Establishment of Serious Fraud Investigation Office
-

Section 212
Investigation into affairs of Company by Serious Fraud Investigation Office
-

Section 213
Investigation into company's affairs in other cases


Section 214
Security for payment of costs and expenses of investigation
Section 236
Application by members to be supported by evidence and power to call for security
Section 215
Firm, body corporate or association not to be appointed as inspector
Section 238
Firm, body corporate or association not to be appointed as inspector
Section 216
Investigation of ownership of company
Section 247
Investigation of ownership of company
Section 217
Procedure, powers, etc., of inspectors
Section 240
Production of documents and evidence
Section 218
Protection of employees during investigation


Section 219
Power of inspector to conduct investigation into affairs of related companies, etc.
Section 239
Power of inspectors to carry investigation into affairs of related companies, or of managing agent or associate etc
Section 220
Seizure of documents by inspector
Section 240A
Seizure of documents by inspector
Section 221
Freezing of assets of company on inquiry and investigation


Section 222
Imposition of restrictions upon securities


Section 223
Inspector's report
Section 241
Inspectors' report
Section 246
Inspectors' report to be evidence
Section 224
Actions to be taken in pursuance of inspector's report


Section 225
Expenses of investigation
Section 245
Expenses of investigation
Section 226
Voluntary winding up of company, etc., not to stop investigation proceedings


Section 227
Legal advisers and bankers not to disclose certain information


Section 228
Investigation, etc., of foreign companies


Section 229
Penalty for furnishing false statement, mutilation, destruction of documents
-

Section 230
Power to compromise or make arrangements with creditors and members


Section 231
Power of Tribunal to enforce compromise or arrangement


Section 232
Merger and amalgamation of companies


Section 233
Merger or amalgamation of certain companies


Section 234
Merger or amalgamation of company with foreign company


Section 235
Power to acquire shares of shareholders dissenting from scheme or contract approved by majority


Section 236
Purchase of minority shareholding


Section 237
Power of Central Government to provide for amalgamation of companies in public interest


Section 238
Registration of offer of schemes involving transfer of shares


Section 239
Preservation of books and papers of amalgamated companies


Section 240
Liability of officers in respect of offences committed prior to merger, amalgamation, etc.


Section 241
Application to Tribunal for relief in cases of oppression, etc.


Section 242
Powers of Tribunal


Section 243
Consequence of termination or modification of certain agreements


Section 244
Right to apply under section 241


Section 245
Class action


Section 246
Application of certain provisions to proceedings under section 241 or section 245


Section 247
Valuation by registered valuers


Section 248
Power of Registrar to remove name of company from register of companies


Section 249
Restrictions on making application under section 248 in certain situations


Section 250
Effect of company notified as dissolved


Section 251
Fraudulent application for removal of name


Section 252
Appeal to Tribunal


Section 253
[Omitted]


Section 254
[Omitted]


Section 255
[Omitted]


Section 256
[Omitted]


Section 257
[Omitted]


Section 258
[Omitted]


Section 259
[Omitted]


Section 260
[Omitted]


Section 261
[Omitted]


Section 262
[Omitted]


Section 263
[Omitted]


Section 264
[Omitted]


Section 265
[Omitted]


Section 266
[Omitted]


Section 267
[Omitted]


Section 268
[Omitted]


Section 269
[Omitted]


Section 270
Modes of winding up


Section 271
Circumstances in which company may be wound up by Tribunal


Section 272
Petition for winding up


Section 273
Powers of Tribunal


Section 274
Directions for filing statement of affairs


Section 275
Company Liquidators and their appointments


Section 276
Removal and replacement of liquidator


Section 277
Intimation to Company Liquidator, provisional liquidator and Registrar


Section 278
Effect of winding up order


Section 279
Stay of suits, etc., on winding up order


Section 280
Jurisdiction of Tribunal


Section 281
Submission of report by Company Liquidator


Section 282
Directions of Tribunal on report of Company Liquidator


Section 283
Custody of company's properties


Section 284
Promoters, directors, etc., to cooperate with Company Liquidator


Section 285
Settlement of list of contributories and application of assets


Section 286
Obligations of directors and managers


Section 287
Advisory committee


Section 288
Submission of periodical reports to Tribunal


Section 289
[Omitted]


Section 290
Powers and duties of Company Liquidator


Section 291
Provision for professional assistance to Company Liquidator


Section 292
Exercise and control of Company Liquidator's powers


Section 293
Books to be kept by Company Liquidator


Section 294
Audit of Company Liquidator's accounts


Section 295
Payment of debts by contributory and extent of set-off


Section 296
Power of Tribunal to make calls


Section 297
Adjustment of rights of contributories


Section 298
Power to order costs


Section 299
Power to summon persons suspected of having property of company, etc.


Section 300
Power to order examination of promoters, directors, etc.


Section 301
Arrest of person trying to leave India or abscond


Section 302
Dissolution of company by Tribunal


Section 303
Appeals from orders made before commencement of Act


Section 304
[Omitted]


Section 305
[Omitted]


Section 306
[Omitted]


Section 307
[Omitted]


Section 308
[Omitted]


Section 309
[Omitted]


Section 310
[Omitted]


Section 311
[Omitted]


Section 312
[Omitted]


Section 313
[Omitted]


Section 314
[Omitted]


Section 315
[Omitted]


Section 316
[Omitted]


Section 317
[Omitted]


Section 318
[Omitted]


Section 319
Power of Company Liquidator to accept shares, etc., as consideration for sale of property of company


Section 320
Distribution of property of company


Section 321
[Omitted]


Section 322
[Omitted]


Section 323
Costs of voluntary winding up


Section 324
Debts of all descriptions to be admitted to proof


Section 325
[Omitted]


Section 326
Overriding preferential payments


Section 327
Preferential payments


Section 328
Fraudulent preference


Section 329
Transfers not in good faith to be void


Section 330
Certain transfers to be void


Section 331
Liabilities and rights of certain persons fraudulently preferred


Section 332
Effect of floating charge


Section 333
Disclaimer of onerous property


Section 334
Transfers, etc., after commencement of winding up to be void


Section 335
Certain attachments, executions, etc., in winding up by Tribunal to be void


Section 336
Offences by officers of companies in liquidation


Section 337
Penalty for frauds by officers


Section 338
Liability where proper accounts not kept


Section 339
Liability for fraudulent conduct of business


Section 340
Power of Tribunal to assess damages against delinquent directors, etc.


Section 341
Liability under sections 339 and 340 to extend to partners or directors in firms or companies


Section 342
Prosecution of delinquent officers and members of company


Section 343
Company Liquidator to exercise certain powers subject to sanction


Section 344
Statement that company is in liquidation


Section 345
Books and papers of company to be evidence


Section 346
Inspection of books and papers by creditors and contributories


Section 347
Disposal of books and papers of company


Section 348
Information as to pending liquidations


Section 349
Official Liquidator to make payments into public account of India


Section 350
Company Liquidator to deposit monies into scheduled bank


Section 351
Liquidator not to deposit monies into private banking account


Section 352
Company Liquidation Dividend and Undistributed Assets Account


Section 353
Liquidator to make returns, etc.


Section 354
Meetings to ascertain wishes of creditors or contributories


Section 355
Court, tribunal or person, etc., before whom affidavit may be sworn


Section 356
Powers of Tribunal to declare dissolution of company void


Section 357
Commencement of winding up by Tribunal


Section 358
Exclusion of certain time in computing period of limitation


Section 359
Appointment of Official Liquidator


Section 360
Powers and functions of Official Liquidator


Section 361
Summary procedure for liquidation


Section 362
Sale of assets and recovery of debts due to company


Section 363
Settlement of claims of creditors by Official Liquidator


Section 364
Appeal by creditor


Section 365
Order of dissolution of company


Section 366
Companies capable of being registered
Section 565
Companies capable of being registered
Section 367
Certificate of registration of existing companies
Section 574
Certificate of registration of existing companies
Section 368
Vesting of property on registration
Section 575
Vesting of property on registration
Section 369
Saving of existing liabilities
Section 576
Saving for existing liabilities
Section 370
Continuation of pending legal proceedings
Section 577
Continuation of pending legal proceedings
Section 371
Effect of registration under this Part
Section 578
Effect of registration under Part
Section 372
Power of Court to stay or restrain proceedings


Section 373
Suits stayed on winding up order


Section 374
Obligations of companies registering under this Part
-

Section 375
Winding up of unregistered companies


Section 376
Power to wind up foreign companies, although dissolved


Section 377
Provisions of Chapter cumulative


Section 378
Saving and construction of enactments conferring power to wind up partnership firm, association or company, etc., in certain cases


Section 379
Application of Act to foreign companies
-

Section 380
Documents, etc., to be delivered to Registrar by foreign companies
Section 592
Documents, etc., to be delivered to Registrar by foreign companies carrying on business in India
Section 593
Return to be delivered to Registrar by foreign company where documents, etc., altered
Section 381
Accounts of foreign company
Section 594
Accounts of foreign company
Section 382
Display of name, etc., of foreign company
Section 595
Obligation to state name of foreign company, whether limited, and country where incorporated
Section 383
Service on foreign company
Section 596
Service on foreign company
Section 384
Debentures, annual return, registration of charges, books of account and their inspection
Section 600
Registration of charges, appointment of receiver and books of account
Section 385
Fee for registration of documents
Section 601
Fees for registration of documents under Part
Section 386
Interpretation
Section 602
Interpretation of foregoing sections of Part
Section 387
Dating of prospectus and particulars to be contained therein
Section 603
Dating of prospectus and particulars to be contained therein
Section 388
Provisions as to expert's consent and allotment
Section 604
Provisions as to expert's consent and allotment
Section 389
Registration of prospectus
Section 605
Registration of prospectus
Section 390
Offer of Indian Depository Receipts
Section 605A
Offer of Indian Depository Receipts
Section 391
Application of sections 34 to 36 and Chapter XX


Section 392
Punishment for contravention
Section 598
Penalties
Section 606
Penalty for contravention of sections 603, 604 and 605
Section 393
Company's failure to comply with provisions of this Chapter not to affect validity of contracts, etc.
Section 599
Company's failure to comply with Part not to affect its liability under contracts, etc.
Section 394
Annual reports on Government companies
Section 619A
Annual reports on Government companies
Section 395
Annual reports where one or more State Governments are members of companies
-

Section 396
Registration offices
Section 609
Registration offices
Section 397
Admissibility of certain documents as evidence
Section 610A
Admissibility of micro films, facsimile copies of documents, computer printouts and documents on computer media as documents and as evidence
Section 398
Provisions relating to filing of applications, documents, inspection, etc., in electronic form
Section 610B
Provisions relating to filing of applications, documents, inspection, etc., through electronic form
Section 399
Inspection, production and evidence of documents kept by Registrar
Section 610
Inspection, production and evidence of documents kept by Registrar
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 610D
Providing of value added services through electronic form
Section 402
Application of provisions of Information Technology Act, 2000
Section 610E
Application of provision of Act 21 of 2000
Section 403
Fee for filing, etc.


Section 404
Fees, etc., to be credited into public account
Section 612
Fees, etc., paid to Registrar and other officers to be accounted for to Central Government
Section 405
Power of Central Government to direct companies to furnish information or statistics
Section 615
Power of Central Government to direct companies to furnish information or statistics
Section 406
Power to modify Act in its application to Nidhis
Section 620A
Power to modify Act in its application to Nidhis, etc.
Section 407
Definitions


Section 408
Constitution of National Company Law Tribunal
Section 10FB
Constitution of National Company Law Tribunal
Section 10FC
Composition of Tribunal
Section 409
Qualification of President and Members of Tribunal
Section 10FD
Qualifications for appointment of President and Members
Section 410
Constitution of Appellate Tribunal
Section 10FR
Constitution of Appellate Tribunal
Section 411
Qualifications of chair-person and Members of Appellate Tribunal
-

Section 412
Selection of Members of Tribunal and Appellate Tribunal
Section 10FX
Selection Committee
Section 413
Term of office of President, chairperson and other Members
Section 10FE
Term of office of President and Members
Section 10FT
Term of office of Chairperson and Member
Section 414
Salary, allowances and other terms and conditions of service of Members


Section 415
Acting President and Chairperson of Tribunal or Appellate Tribunal


Section 416
Resignation of Members


Section 417
Removal of Members


Section 418
Staff of Tribunal and Appellate Tribunal


Section 419
Benches of Tribunal


Section 420
Orders of Tribunal


Section 421
Appeal from orders of Tribunal


Section 422
Expeditious disposal by Tribunal and Appellate Tribunal


Section 423
Appeal to Supreme Court


Section 424
Procedure before Tribunal and Appellate Tribunal


Section 425
Power to punish for contempt


Section 426
Delegation of powers


Section 427
President, Members, officers, etc., to be public servants


Section 428
Protection of action taken in good faith


Section 429
Power to seek assistance of Chief Metropolitan Magistrate, etc.


Section 430
Civil court not to have jurisdiction


Section 431
Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings


Section 432
Right to legal representation


Section 433
Limitation


Section 434
Transfer of certain pending proceedings


Section 435
Establishment of Special Courts


Section 436
Offences triable by Special Courts


Section 437
Appeal and revision


Section 438
Application of Code to proceedings before Special Court


Section 439
Offences to be non-cognizable
Section 621
Offences against Act to be cognizable only on complaint by Registrar, shareholder or Government
Section 624
Offences to be non-cognizable
Section 440
Transitional proviksions


Section 441
Compounding of certain offences


Section 442
Mediation and Conciliation Panel
-

Section 443
Power of Central Government to appoint company prosecutors
Section 624A
Power of Central Government to appoint company prosecutors
Section 444
Appeal against acquittal
Section 624B
Appeal against acquittal
Section 445
Compensation for accusation without reasonable cause
-

Section 446
Application of fines
Section 626
Application of fines
Section 447
Punishment for fraud
-

Section 448
Punishment for false statement
Section 628
Penalty for false statements
Section 449
Punishment for false evidence
Section 629
Penalty for false evidence
Section 450
Punishment where no specific penalty or punishment is provided
Section 629A
Penalty where no specific penalty is provided elsewhere in the Act
Section 451
Punishment in case of repeated default
-

Section 452
Punishment for wrongful withholding of property
Section 630
Penalty for wrongful withholding of property
Section 453
Punishment for improper use of "Limited" or "Private Limited"
Section 631
Penalty for improper use of words "Limited" and "Private Limited"
Section 454
Adjudication of penalties
-

Section 455
Dormant company
-

Section 456
Protection of action taken in good faith
Section 635A
Protection of acts done in good faith
Section 457
Non-disclosure of information in certain cases
Section 635AA
Non-disclosure of information in certain cases
Section 458
Delegation by Central Government of its powers and functions
Section 637
Delegation by Central Government of its powers and functions under Act
Section 459
Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications
Section 637AA
Power of Central Government to fix a limit with regard to remuneration
Section 460
Condonation of delay in certain cases
Section 637B
Condonation of delays in certain cases
Section 461
Annual report by Central Government
Section 638
Annual report by Central Government
Section 462
Power to exempt class or classes of companies from provisions of this Act
-

Section 463
Power of court to grant relief in certain cases
Section 633
Power of court to grant relief in certain cases
Section 464
Prohibition of association or partnership of persons exceeding certain number
Section 11
Prohibition of associations and partnerships exceeding certain number
Section 465
Section 465


Section 466
Dissolution of Company Law Board and consequential provisions


Section 467
Power of Central Government to amend Schedules
Section 641
Power to alter Schedules
Section 468
Powers of Central Government to make rules relating to winding up
Section 643
Power of Central Governments to make rules relating to winding up
Section 469
Power of Central Government to make rules
Section 642
Power of Central Government to make rules
Section 470
Power to remove difficulties
-

Schedule
SCHEDULE I
Schedule 1
SCHEDULE 1
Schedule
SCHEDULE II
Schedule 14
SCHEDULE 14
Schedule
SCHEDULE III
Schedule 6
SCHEDULE 6
Schedule
SCHEDULE IV
-

Schedule
SCHEDULE V
Schedule 13
SCHEDULE 13
Schedule
SCHEDULE VI
-

Schedule
SCHEDULE VII
-


**. The Companies Act, 2013 has repealed the Companies Act, 1956.

By CS Diwakar Agrawal