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23 - Company Act in Excel Format
23 - Company Act in Excel Format
1
2
2A
3
4
4A
5
6
7
8
9
10
10A
10B
10C
10D
Part I-A
10E
10F
Part II
11
12
13
14
15
15A
15B
16
17
17A
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
43A
44
45
46
47
48
49
50
51
52
53
54
Part III
55
55A
56
57
58
58A
58AA
58AAA
58B
59
60
60A
60B
61
62
63
64
65
66
67
68
68A
68B
69
70
71
72
73
74
75
76
77
77A
77AA
77B
78
79
79A
80
80A
81
Part IV
82
83
84
85
86
87
88
89
90
91
92
93
94
94A
95
96
97
98
99
100
101
102
103
104
105
106
107
108
108A
108B
108C
108D
108E
108F
108G
108H
108I
109
109A
109B
110
111
111A
112
113
114
115
116
117
117A
117B
117C
118
119
120
121
122
123
Part V
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
Part VI
Chapter I
146
147
148
149
150
151
152
152A
153
153A
153B
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
187A
187B
187C
187D
188
189
190
191
192
192A
193
194
195
196
197
197A
198
199
200
201
202
203
204
204A
205
205A
205B
205C
206
206A
207
208
209
209A
210
210A
211
212
213
214
215
216
217
218
219
220
221
222
223
224
224A
225
226
227
228
229
230
231
232
233
233A
233B
234
234A
235
236
237
238
239
240
240A
241
242
243
244
245
246
247
248
249
250
250A
251
Chapter II
252
253
254
255
256
257
258
259
260
261
262
263
263A
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
293A
293B
294
294A
294AA
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
Chapter III
324
324A
325
325A
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
370A
371
372
373
374
375
376
377
Chapter IV
378
379
380
381
382
383
383A
384
385
386
387
388
388A
Chapter IVA
388B
388C
388D
388E
Chapter V
389
390
391
392
393
394
394A
395
396
396A
Chapter VI
397
398
399
400
401
402
403
404
405
406
407
408
409
Chapter VII
410
411
412
413
414
415
Chapter
VIII
416
417
418
419
420
421
422
423
424
Part VII
Chapter I
425
426
427
428
429
430
431
432
Chapter II
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
458A
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
Chapter III
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
501
502
503
504
505
506
507
508
509
510
511
511A
512
513
514
515
516
517
518
519
520
521
Chapter IV
522
523
524
525
526
527
Chapter V
528
529
530
531
531A
532
533
534
535
536
537
538
539
540
541
542
543
544
545
546
547
548
549
550
551
552
553
554
555
556
557
558
559
560
Part VIII
561
562
563
564
Part IX
565
566
567
568
569
570
571
572
573
574
575
576
577
578
579
580
581
Part X
582
583
584
585
586
587
588
589
590
Part XI
591
592
593
594
595
596
597
598
599
600
601
602
603
604
605
606
607
608
Part XII
609
610
611
612
613
614
614A
Part XIII
615
616
617
618
619
619A
619B
620
620A
620B
620C
621
621A
622
623
624
624A
624B
625
626
627
628
629
629A
630
631
632
633
634
634A
635
635A
635AA
635B
636
637
637A
637AA
637B
638
639
640
640A
640B
641
642
643
644
645
646
647
648
649
650
651
652
653
654
655
656
657
SCHEDULES
Schedule I
Table A
Table B
Table C
Table D
Table E
Table F
Schedule IA
Schedule II
Part I
Part II
Part III
Schedule
III
Part I
Part II
Part III
Schedule IV
Part I
Part II
Part III
Schedule V
Part I
Part II
Schedule VI
Part I
Part II
Part III
Schedule
VII
Schedule
VIII
Schedule IX
Schedule X
Schedule XI
Schedule
XII
Schedule
XIII
Part I
Part II
Part III
Schedule
XIV
Schedule XV
Preliminary
Short title, commencement and extent.
Definitions.
Interpretation of certain words and expressions.
Definitions of "company", "existing company", "private company" and "public company".
Meaning of "holding company" and "subsidiary".
Public Financial Institutions.
Meaning of "officer who is in default".
Meaning of "relative".
Interpretation of "person in accordance with whose directions or instructions directors are accustomed to act".
Power of Central Government to declare an establishment not to be a branch office.
Act to override memorandum, articles, etc.
Jurisdiction of Courts.
Omitted.
Omitted.
Omitted.
Omitted.
Prospectus and Allotment, and other matters relating to issue of shares or debentures.
Dating of prospectus.
Powers of Securities and Exchange Board of India
Matters to be stated and reports to be set out in prospectus.
Expert to be unconnected with formation or management of company.
Expert's consent to issue of prospectus containing statement by him.
Deposits not to be invited without issuing an advertisement.
Small depositors
Default in acceptance or refund of deposits to be cognizable
Provisions relating to prospectus to apply to advertisement.
Penalty and interpretation.
Registration of prospectus.
Shelf prospectus
Information memorandum
Terms of contract mentioned in prospectus or statement in lieu of prospectus, not to be varied.
Civil liability for misstatements in prospectus.
Criminal liability for misstatements in prospectus.
Document containing offer of shares or debentures for sale to be deemed prospectus.
Interpretation of provisions relating to prospectuses.
Newspaper advertisement of prospectus.
Construction of references to offering shares or debentures to the public, etc.
Penalty for fraudulently inducing persons to invest money.
Personation for acquisition, etc., of shares.
Initial offer of securities to be in dematerialised form in certain cases
Prohibition of allotment unless minimum subscription received.
Prohibition of allotment in certain cases unless statement in lieu of prospectus delivered to Registrar.
Effect of irregular allotment.
Application for, and allotment of, shares and debentures.
Allotment of shares and debentures to be dealt in on stock exchange.
Manner of reckoning fifth, eighth and tenth days in sections 72 and 73.
Return as to allotments.
Power to pay certain commissions and prohibition of payment of all other commissions, discounts, etc.
Restrictions on purchase by company, or loans by company for purchase, of its own or its holding company's shares.
Power of company to purchase its own securities
Transfer to certain sums to capital redemption reserve account
Prohibition for buy-back in certain circumstances
Application of premiums received on issue of shares.
Power to issue shares at a discount.
Issue of Sweat equity shares
Power to issue redeemable preference shares.
Redemption of irredeemable preference share, etc.
Further issue of capital.
Nature of shares.
Numbering of shares [Omitted w.e.f. 20-9-1995]
Certificate of shares.
Two kinds of share capital.
New issues of share capital to be only of two kinds.
Voting rights.
Omitted
Termination of disproportionately excessive voting rights in existing companies.
Savings.
Calls on shares of same class to be made on uniform basis.
Power of company to accept unpaid share capital, although not called up.
Payment of dividend in proportion to amount paid-up.
Power of limited company to alter its share capital.
Share capital to stand increased where an order is made under section 81(4).
Notice to Registrar of consolidation of share capital, conversion of shares into stock, etc.
Effect of conversion of shares into stock.
Notice of increase of share capital or of members.
Power of unlimited company to provide for reserve share capital on re-registration.
Reserve liability of limited company.
Special resolution for reduction of share capital.
Application to Court for confirming order, objections by creditors and settlement of list of objecting creditors.
Order confirming reduction and powers of Court on making such order.
Registration of order and minute of reduction.
Liability of members in respect of reduced shares.
Penalty for concealing name of creditor, etc.
Alteration of rights of holders of special classes of shares.
Rights of dissentient shareholders.
Transfer not to be registered except on production of instrument of transfer.
Restriction on acquisition of certain shares.
Restriction on transfer of shares.
Restriction on the transfer of shares of foreign companies.
Power of Central Government to direct companies not to give effect to the transfer.
Time within which refusal to be communicated.
Nothing in sections 108A to 108D to apply to Government companies, etc.
Applicability of the provisions of sections 108A to 108F.
Construction of certain expressions used in sections 108A to 108G.
Penalty for acquisition or transfer of share in contravention of sections 108A to 108D.
Transfer by legal representative.
Nomination of shares
Transmission of shares
Application for transfer.
Power to refuse registration and appeal against refusal.
Rectification of register on transfer.
Certification of transfers.
Limitation of time for issue of certificates.
Issue and effect of share warrants to bearer.
Share warrants and entries in register of members.
Penalty for personation of shareholder.
Debentures with voting rights not to be issued hereafter.
Debenture trust deed
Appointment of debenture trustees and duties of debenture trustees
Liability of company to create security and debenture redemption reserve
Right to obtain copies of and inspect trust deed.
Liability of trustees for debenture-holders.
Perpetual debentures.
Power to re-issue redeemed debentures in certain cases.
Specific performance of contract to subscribe for debentures.
Payments of certain debts out of assets subjects to floating charge in priority to claims under the charge.
Registration of Charges.
Power of Central Government to notify that companies engaged in specified classes of industry or business shall not have man
Abolition of managing agencies and secretaries and treasurers.
Managing agency company not to have managing agent.
Subsidiary of a body corporate not to be appointed as managing agent.
Central Government to approve of appointment, etc., of managing agent and circumstances in which approval may be accorde
Application of sections 328 to 331.
Term of office of managing agent.
Variation of managing agency agreement.
Term of office of existing managing agents to terminate on 15th August, 1960.
Application of Act to existing managing agents.
No person to be managing agent of more than ten companies after 15th August, 1960.
Right of managing agent to charge on company's assets.
Vacation of office on insolvency, dissolution or winding up, etc.
Suspension from office where receiver appointed.
Vacation of office on conviction in certain cases.
Removal for fraud or breach of trust.
Removal for gross negligence or mismanagement.
Power to call meetings for the purposes of sections 337 and 338 and procedure.
Time when certain disqualifications will take effect.
Conviction not to operate as disqualification if convicted partner, director, etc., is expelled.
Resignation of office by managing agent.
Transfer of office by managing agent.
Managing agency not to be heritable after commencement of Act.
Succession to managing agency by inheritance or device under agreement before commencement of Act, to be subject to Cen
Changes in constitution of managing agency, firm or corporation to be approved by Central Government.
Application of Schedule VIII to certain managing agents.
Remuneration of managing agent ordinarily not to exceed 10 per cent of net profits.
Determination of depreciation.
Ascertainment of depreciation.
Special provision where there is a profit-sharing arrangement between two or more companies.
Payment of additional remuneration.
Time of payment of remuneration.
Managing agent not entitled to office allowance but entitled to be reimbursed in respect of expenses.
Saving.
Appointment of managing agent or associate as selling agent of goods produced by the company.
Application of section 356 to case where business of company consists of the supply or rendering of any services.
Appointment of managing agent or associate as buying agent for company.
Commission, etc., of managing agent as buying or selling agent of other concerns.
Contracts between managing agent or associate and company for the sale or purchase of goods or the supply of services, etc.
Existing contracts relating to matters dealt with in sections 356 to 360 to terminate on 1st March, 1958.
Registers to be open to inspection.
Remuneration received in contravention of foregoing sections to be held in trust for company.
Company not to be bound by assignment of, or charge on, managing agent's remuneration.
Prohibition of payment of compensation for loss of office in certain cases.
Limit of compensation for loss of office.
Managing agent's rights and liabilities after termination of office.
Managing agent to be subject to control of Board and to restrictions in Schedule VII.
Loans to managing agent.
Loans, etc., to companies under the same management.
Provisions as to certain loans which could not have been made if sections 369 and 370 were in force.
Penalty for contravention of section 369, 370 or 370A.
Purchase by company of shares, etc., of other companies.
Investments made before commencement of Act.
Penalty for contravention of section 372 or 373.
Managing agent not to engage in business competing with business of managed company.
Condition prohibiting reconstruction or amalgamation of company except on continuance of managing agent, etc., to be void.
Restrictions on right of managing agent to appoint directors.
A. Secretaries and Treasurers.
B. Managers
Firm or body corporate not to be appointed manager.
Certain persons not to be appointed managers.
Number of companies of which a person may be appointed manager.
Remuneration of manager.
Application of sections 269, 310, 311, 312 and 317 to managers.
Sections 386 to 388 not to apply to certain private companies.
Miscellaneous provisions.
Winding Up
Preliminary
Application of Act to companies formed and registered under previous companies laws.
Application of Act to companies registered but not formed under previous companies laws.
application of Acct to unlimited companies registered under previous companies laws.
Mode of transferring shares in the case of companies registered under Acts XIX of 1857 and VII of 1860.
List of relatives.
Matters to be specified in Prospectus and Reports to be set out therein.
Matters to be specified.
Reports to be set out.
Provisions applying to Parts I and II of the Schedule.
Form of statement in lieu of Prospectus to be delivered to Registrar by a Company which does not
issue a Prospectus or which does not go to allotment on a Prospectus issued, and Reports to be set
out therein.
Form of Statement and Particulars to be contained therein.
Reports to be set out.
Provisions applying to Parts I and II of this Schedule.
Form of Statement in lieu of Prospectus to be delivered to Registrar by Private Company on
becoming a Public Company on becoming a Public Company and Reports to be set out therein.
Form of Statement and Particulars to be contained therein.
Reports to be set out.
Provisions applying to Parts I and II of this Schedule.
Contents and Form of Annual Return of a Company having a Share Capital.
Contents and form of annual return of a Company having a share capital.
Form of Annual return of a Company having a share capital.
Omitted.
Omitted.
Form of Proxy.
Table of fees to be paid to the Registrar.
Form in which sections 539 to 544 to Act are to apply to cases where an application is made under section 397 or 398.
Enactments repealed.
Conditions to be fulfilled for the appointment of a managing or whole-time director or a manager
without the approval of the Central Government.
Appointments.
Remuneration.
Provisions applicable to Parts I and II of this Schedule.
Rates of Depreciation.
See Section 108B(2)(b)).