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The Companies Act, 2013
Act ID: 2013
The Companies Act, 2013
"An Act to consolidate and amend the law relating to companies."
Table of Contents
527 Sections
Ch. Chapter VI
Registration of Charges
Ch. Chapter VII
Management and Administration
Ch. Chapter VIII
Declaration and Payment of Dividend
Ch. Chapter IX
Accounts of Companies
Ch. Chapter X
Audit and Auditors
Ch. Chapter XI
Appointment and Qualifications of Directors
Ch. Chapter XII
Meetings of Board and its Powers
Ch. Chapter XIII
Appointment and Remuneration of Managerial Personnel
Ch. Chapter XIV
Inspection, Inquiry and Investigation
Ch. Chapter XV
Compromises, Arrangements and Amalgamations
Ch. Chapter XVI
Prevention of Oppression and Mismanagement
Ch. Chapter XVII
Registered Valuers
Ch. Chapter XVIII
Removal of Names of Companies from Register
Ch. Chapter XIX
Revival and Rehabilitation of Sick Companies
Ch. Chapter XX
Winding Up
Ch. Chapter XXI
Companies Authorised to Register Under this Act
Ch. Chapter XXIA
Producer Companies
Ch. Chapter XXII
Companies Incorporated Outside India
S.393A
Exemptions under this Chapter
Ch. Chapter XXIII
Government Companies
Ch. Chapter XXIV
Registration Offices and Fees
Ch. Chapter XXV
Companies to Furnish Information or Statistics
Ch. Chapter XXVI
Nidhis
Ch. Chapter XXVII
National Company Law Tribunal and Appellate Tribunal
Ch. Chapter XXVIII
Special Courts
Ch. Chapter XXIX
Miscellaneous
Ch. Schedule I
Memorandum and Articles of Association (Tables A to J)
Ch. Schedule II
Useful Lives to Compute Depreciation
Ch. Schedule III
General Instructions for Preparation of Balance Sheet and Statement of Profit and Loss
Ch. Schedule IV
Code for Independent Directors
Ch. Schedule V
Conditions for Appointment of Managing or Whole-Time Director or Manager
Ch. Schedule VI
Infrastructure Projects
Ch. Schedule VII
Activities Relating to Corporate Social Responsibility
Ch. I
Preliminary
S.1
Short title, extent, commencement and application
S.2
Definitions
Ch. II
Incorporation of Company and Matters Incidental Thereto
S.3
Formation of company
S.3A
Members severally liable in certain cases
S.4
Memorandum
S.5
Articles
S.6
Act to override memorandum, articles, etc.
S.7
Incorporation of company
S.8
Formation of companies with charitable objects, etc.
S.9
Effect of registration
S.10
Effect of memorandum and articles
S.10A
Commencement of business, etc.
S.11
[Omitted]
S.12
Registered office of company
S.13
Alteration of memorandum
S.14
Alteration of articles
S.15
Alteration of memorandum or articles to be noted in every copy
S.16
Rectification of name of company
S.17
Copies of memorandum, articles, etc., to be given to members
S.18
Conversion of companies already registered
S.19
Subsidiary company not to hold shares in its holding company
S.20
Service of documents
S.21
Authentication of documents, proceedings and contracts
S.22
Execution of bills of exchange, etc.
Ch. III
Prospectus and Allotment of Securities
S.23
Public offer and private placement
S.24
Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.
S.25
Document containing offer of securities for sale to be deemed prospectus
S.26
Matters to be stated in prospectus
S.27
Variation in terms of contract or objects in prospectus
S.28
Offer of sale of shares by certain members of company
S.29
Public offer of securities to be in dematerialised form
S.30
Advertisement of prospectus
S.31
Shelf prospectus
S.32
Red herring prospectus
S.33
Issue of application forms for securities
S.34
Criminal liability for mis-statements in prospectus
S.35
Civil liability for mis-statements in prospectus
S.36
Punishment for fraudulently inducing persons to invest money
S.37
Action by affected persons
S.38
Punishment for personation for acquisition, etc., of securities
S.39
Allotment of securities by company
S.40
Securities to be dealt with in stock exchanges
S.41
[Omitted]
S.42
Offer or invitation for subscription of securities on private placement
Ch. IV
Share Capital and Debentures
S.43
Kinds of share capital
S.44
Nature of shares or debentures
S.45
Numbering of shares
S.46
Certificate of shares
S.47
Voting rights
S.48
Variation of shareholders' rights
S.49
Calls on shares of same class to be made on uniform basis
S.50
Company to accept unpaid share capital, although not called up
S.51
Payment of dividend in proportion to amount paid-up
S.52
Application of premiums received on issue of shares
S.53
Prohibition on issue of shares at discount
S.54
Issue of sweat equity shares
S.55
Issue and redemption of preference shares
S.56
Transfer and transmission of securities
S.57
Punishment for personation of shareholder
S.58
Refusal of registration and appeal against refusal
S.59
Rectification of register of members
S.60
Publication of authorised, subscribed and paid-up capital
S.61
Power of limited company to alter its share capital
S.62
Further issue of share capital
S.63
Issue of bonus shares
S.64
Notice to be given to Registrar for alteration of share capital
S.65
Unlimited company to provide for reserve share capital on conversion into limited company
S.66
Reduction of share capital
S.67
Restriction on purchase by company or giving of loans by it for purchase of its shares
S.68
Power of company to purchase its own securities
S.69
Transfer of certain sums to capital redemption reserve account
S.70
Prohibition for buy-back in certain circumstances
S.71
Debentures
S.72
Power of company to pay interest out of capital in certain cases
Ch. V
Acceptance of Deposits by Companies
S.73
Prohibition on acceptance of deposits from public
S.74
Repayment of deposits, etc., accepted before commencement of this Act
S.75
Damages for fraud
S.76
Acceptance of deposits from public by certain companies
S.76A
Punishment for contravention of section 73 or section 76
Ch.
Sections
S.77
Duty to register charges, etc
S.78
Application for registration of charge
S.79
Section 77 to apply in certain matters
S.80
Date of notice of charge
S.81
Register of charges to be kept by Registrar
S.82
Company to report satisfaction of charge
S.83
Power of Registrar to make entries of satisfaction and release in absence of intimation from company
S.84
Intimation of appointment of receiver or manager
S.85
Company‘s register of charges
S.86
Punishment for contravention
S.87
Rectification by Central Government in Register of charges
S.88
Register of members, etc
S.89
Declaration in respect of beneficial interest in any share
S.90
Register of significant beneficial owners in a Company
S.91
Power to close register of members or debenture holders or other security holders
S.92
Annual return
S.93
Omitted
S.94
Place of keeping and inspection of registers, returns, etc
S.95
Registers, etc., to be evidence
S.96
Annual general meeting
S.97
Power of Tribunal to call annual general meeting
S.98
Power of Tribunal to call meetings of members, etc
S.99
Punishment for default in complying with provisions of sections 96 to 98
S.100
Calling of extraordinary general meeting
S.101
Notice of meeting
S.102
Statement to be annexed to notice
S.103
Quorum for meetings
S.104
Chairman of meetings
S.105
Proxies
S.106
Restriction on voting rights
S.107
Voting by show of hands
S.108
Voting through electronic means
S.109
Demand for poll
S.110
Postal ballot
S.111
Circulation of members‘ resolution
S.112
Representation of President and Governors in meetings
S.113
Representation of corporations at meeting of companies and of creditors
S.114
Ordinary and special resolutions
S.115
Resolutions requiring special notice
S.116
Resolutions passed at adjourned meeting
S.117
Resolutions and agreements to be filed
S.118
. Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot
S.119
Inspection of minute-books of general meeting
S.120
Maintenance and inspection of documents in electronic form
S.121
Report on annual general meeting
S.122
Applicability of this Chapter to One Person Company
S.123
Declaration of dividend
S.124
Unpaid Dividend Account
S.125
Investor Education and Protection Fund
S.126
Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares
S.127
Punishment for failure to distribute dividends
S.128
Books of account, etc., to be kept by company
S.129
Financial statement
S.129A
Periodical financial results
S.130
Re-opening of accounts on court‘s or Tribunal‘s orders
S.131
Voluntary revision of financial statements or Board‘s report
S.132
Constitution of National Financial Reporting Authority
S.133
Central Government to prescribe accounting standards
S.134
Financial statement, Board‘s report, etc
S.135
Corporate Social Responsibility
S.136
Right of member to copies of audited financial statement
S.137
Copy of financial statement to be filed with Registrar
S.138
Internal Audit
S.139
Appointment of auditors
S.140
Removal, resignation of auditor and giving of special notice
S.141
Eligibility, qualifications and disqualifications of auditors
S.142
Remuneration of auditors
S.143
Powers and duties of auditors and auditing standards
S.144
Auditor not to render certain services
S.145
Auditor to sign audit reports, etc
S.146
Auditors to attend general meeting
S.147
Punishment for contravention
S.148
Central Government to specify audit of items of cost in respect of certain companies
S.149
Company to have Board of Directors
S.150
Manner of selection of independent directors and maintenance of data bank of independent directors
S.151
Appointment of director elected by small shareholders
S.152
Appointment of directors
S.153
Application for allotment of Director Identification Number
S.154
Allotment of Director Identification Number
S.155
Prohibition to obtain more than one Director Identification Number
S.156
Director to intimate Director Identification Number
S.157
Company to inform Director Identification Number to Registrar
S.158
Obligation to indicate Director Identification Number
S.159
Penalty for default of certain provisions
S.160
Right of persons other than retiring directors to stand for directorship
S.161
Appointment of additional director, alternate director and nominee director
S.162
Appointment of directors to be voted individually
S.163
Option to adopt principle of proportional representation for appointment of directors
S.164
Disqualifications for appointment of director
S.165
Number of directorships
S.166
Duties of directors
S.167
Vacation of office of director
S.168
Resignation of director
S.169
Removal of directors
S.170
Register of directors and key managerial personnel and their shareholding
S.171
Members‘ right to inspect
S.172
Penalty
S.173
Meetings of Board
S.174
Quorum for meetings of Board
S.175
Passing of resolution by circulation
S.176
Defects in appointment of directors not to invalidate actions taken
S.177
Audit committee
S.178
Nomination and Remuneration Committee and Stakeholders Relationship Committee
S.179
Powers of Board
S.180
Restrictions on powers of Board
S.181
Company to contribute to bona fide and charitable funds, etc
S.182
Prohibitions and restrictions regarding political contributions
S.183
Power of Board and other persons to make contributions to national defence fund, etc
S.184
Disclosure of interest by director
S.185
Loan to directors, etc
S.186
Loan and investment by company
S.187
Investments of company to be held in its own name
S.188
Related party transactions
S.189
Register of contracts or arrangements in which directors are interested
S.190
Contract of employment with managing or whole-time directors
S.191
Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares
S.192
Restriction on non-cash transactions involving directors
S.193
Contract by One Person Company
S.194
Prohibition on forward dealings in securities of company by director or key managerial personnel
S.195
Prohibition on insider trading of securities
S.196
Appointment of managing director, whole-time director or manager
S.197
Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits
S.198
Calculation of profits
S.199
Recovery of remuneration in certain cases
S.200
Central Government or company to fix limit with regard to remuneration
S.201
Forms of, and procedure in relation to, certain applications
S.202
Compensation for loss of office of managing or whole-time director or manager
S.203
Appointment of key managerial personnel
S.204
Secretarial audit for bigger companies
S.205
Functions of company secretary
S.206
Power to call for information, inspect books and conduct inquiries
S.207
Conduct of inspection and inquiry
S.208
Report on inspection made
S.209
Search and seizure
S.210
Investigation into affairs of company
S.211
Establishment of Serious Fraud Investigation Office
S.212
Investigation into affairs of company by Serious Fraud Investigation Office
S.213
Investigation into company‘s affairs in other cases
S.214
Security for payment of costs and expenses of investigation
S.215
Firm, body corporate or association not to be appointed as inspector
S.216
Investigation of ownership of company
S.217
Procedure, powers, etc., of inspectors
S.218
Protection of employees during investigation
S.219
Power of inspector to conduct investigation into affairs of related companies, etc
S.220
Seizure of documents by inspector
S.221
Freezing of assets of company on inquiry and investigation
S.222
Imposition of restrictions upon securities
S.223
Inspector‘s report
S.224
Actions to be taken in pursuance of inspector‘s report
S.225
Expenses of investigation
S.226
Voluntary winding up of company, etc., not to stop investigation proceedings
S.227
Legal advisers and bankers not to disclose certain information
S.228
Investigation, etc., of foreign companies
S.229
Penalty for furnishing false statement, mutilation, destruction of documents
S.230
Power to compromise or make arrangements with creditors and members
S.231
Power to Tribunal to enforce compromise or arrangement
S.232
Merger and amalgamation of companies
S.233
Merger or amalgamation of certain companies
S.234
Merger or amalgamation of company with foreign company
S.235
Power to acquire shares of shareholders dissenting from scheme or contract approved by majority
S.236
Purchase of minority shareholding
S.237
Power of Central Government to provide for amalgamation of companies in public interest
S.238
Registration of offer of schemes involving transfer of shares
S.239
Preservation of books and papers of amalgamated companies
S.240
Liability of officers in respect of offences committed prior to merger, amalgamation, etc
S.241
Application to Tribunal for relief in cases of oppression, etc
S.242
Powers of Tribunal
S.243
Consequence of termination or modification of certain agreements
S.244
Right to apply under section 241
S.245
Class action
S.246
Application of certain provisions to proceedings under section 241 or section 245
S.247
Valuation by registered valuers
S.248
Power of Registrar to remove name of company from register of companies
S.249
Restrictions on making application under section 248 in certain situations
S.250
Effect of company notified as dissolved
S.251
Fraudulent application for removal of name
S.252
Appeal to Tribunal
S.253
Determination of sickness
S.254
Application for revival and rehabilitation
S.255
Exclusion of certain time in computing period of limitation
S.256
Appointment of interim administrator
S.257
Committee of creditors
S.258
Order of Tribunal
S.259
Appointment of administrator
S.260
Powers and duties of company administrator
S.261
Scheme of revival and rehabilitation
S.262
Sanction of scheme
S.263
Scheme to be binding
S.264
Implementation of scheme
S.265
Winding up of company on report of company administrator
S.266
Power of Tribunal to assess damages against delinquent directors, etc
S.267
Punishment for certain offences
S.268
Bar of jurisdiction
S.269
Rehabilitation and Insolvency Fund
S.270
Modes of winding up
S.271
Circumstances in which company may be wound up by Tribunal
S.272
Petition for winding up
S.273
Powers of Tribunal
S.274
Directions for filing statement of affairs
S.275
Company Liquidators and their appointments
S.276
Removal and replacement of liquidator
S.277
Intimation to Company Liquidator, provisional liquidator and Registrar
S.278
Effect of winding up order
S.279
Stay of suits, etc., on winding up order
S.280
Jurisdiction of Tribunal
S.281
Submission of report by Company Liquidator
S.282
Directions of Tribunal on report of Company Liquidator
S.283
Custody of company‘s properties
S.284
Promoters, directors, etc., to cooperate with Company Liquidator
S.285
Settlement of list of contributories and application of assets
S.286
Obligations of directors and managers
S.287
Advisory Committee
S.288
Submission of periodical reports to Tribunal
S.289
Power of Tribunal on application for stay of winding up
S.290
Powers and duties of Company Liquidator
S.291
Provision for professional assistance to Company Liquidator
S.292
Exercise and control of Company Liquidator‘s powers
S.293
Books to be kept by Company Liquidator
S.294
Audit of Company Liquidator‘s accounts
S.295
Payment of debts by contributory and extent of set-off
S.296
Power of Tribunal to make calls
S.297
Adjustment of rights of contributories
S.298
Power to order costs
S.299
Power to summon persons suspected of having property of company, etc
S.300
Power to order examination of promoters, directors, etc
S.301
Arrest of person trying to leave India or abscond
S.302
Dissolution of company by Tribunal
S.303
Appeals from orders made before commencement of Act
S.304
Circumstances in which company may be wound up voluntarily
S.305
Declaration of solvency in case of proposal to wind up voluntarily
S.306
Meeting of creditors
S.307
Publication of resolution to wind up voluntarily
S.308
Commencement of voluntary winding up
S.309
Effect of voluntary winding up
S.310
Appointment of Company Liquidator
S.311
Power to remove and fill vacancy of Company Liquidator
S.312
Notice of appointment of Company Liquidator to be given to Registrar
S.313
Cesser of Board‘s powers on appointment of Company Liquidator
S.314
Powers and duties of Company Liquidator in voluntary winding up
S.315
Appointment of committees
S.316
Company Liquidator to submit report on progress of winding up
S.317
Report of Company Liquidator to Tribunal for examination of persons
S.318
Final meeting and dissolution of company
S.319
Power of Company Liquidator to accept shares, etc., as consideration for sale of property of company
S.320
Distribution of property of company
S.321
Arrangement when binding on company and creditors
S.322
Power to apply to Tribunal to have questions determined, etc
S.323
Costs of voluntary winding up
S.324
Debts of all descriptions to be admitted to proof
S.325
Application of insolvency rules in winding up of insolvent companies
S.326
Overriding preferential payments
S.327
Preferential payments
S.328
Fraudulent preference
S.329
Transfers not in good faith to be void
S.330
Certain transfers to be void
S.331
Liabilities and rights of certain persons fraudulently preferred
S.332
Effect of floating charge
S.333
Disclaimer of onerous property
S.334
Transfers, etc., after commencement of winding up to be void
S.335
Certain attachments, executions, etc., in winding up by Tribunal to be void
S.336
Offences by officers of companies in liquidation
S.337
Penalty for frauds by officers
S.338
Liability where proper accounts not kept
S.339
Liability for fraudulent conduct of business
S.340
Power of Tribunal to assess damages against delinquent directors, etc
S.341
Liability under sections 339 and 340 to extend to partners or directors in firms or companies
S.342
Prosecution of delinquent officers and members of company
S.343
Company Liquidator to exercise certain powers subject to sanction
S.344
Statement that company is in liquidation
S.345
Books and papers of company to be evidence
S.346
Inspection of books and papers by creditors and contributories
S.347
Disposal of books and papers of company
S.348
Information as to pending liquidations
S.349
Official Liquidator to make payments into public account of India
S.350
Company Liquidator to deposit monies into scheduled bank
S.351
Liquidator not to deposit monies into private banking account
S.352
Company Liquidation Dividend and Undistributed Assets Account
S.353
Liquidator to make returns, etc
S.354
Meetings to ascertain wishes of creditors or contributories
S.355
Court, tribunal or person, etc., before whom affidavit may be sworn
S.356
Power of Tribunal to declare dissolution of company void
S.357
Commencement of winding up by Tribunal
S.358
Exclusion of certain time in computing period of limitation
S.359
Appointment of Official Liquidator
S.360
Powers and functions of Official Liquidator
S.361
Summary procedure for liquidation
S.362
Sale of assets and recovery of debts due to company
S.363
Settlement of claims of creditors by Official Liquidator
S.364
Appeal by creditor
S.365
Order of dissolution of company
S.366
Companies capable of being registered
S.367
Certificate of registration of existing companies
S.368
Vesting of property on registration
S.369
Saving of existing liabilities
S.370
Continuation of pending legal proceedings
S.371
Effect of registration under this Part
S.372
Power of Court to stay or restrain proceedings
S.373
Suits stayed on winding up order
S.374
Obligations of companies registering under this Part
S.375
Winding up of unregistered companies
S.376
Power to wind up foreign companies although dissolved
S.377
Provisions of Chapter cumulative
S.378
Saving and construction of enactments conferring power to wind up partnership firm, association or company, etc., in certain cases
S.378-I
Amendment of articles
S.378-O
Number of directors
S.378A
Definitions
S.378B
Objects of producer company
S.378C
Formation of Producer Company and its registration
S.378D
Membership and voting rights of Members of Producer Company
S.378E
Benefits to Members
S.378F
Memorandum of Producer Company
S.378G
Articles of association
S.378H
Amendment of memorandum
S.378J
Option to inter-State co-operative societies to become Producer Companies
S.378K
Effect of incorporation of Producer Company
S.378L
Vesting of undertaking in Producer Company
S.378M
Concession, etc., to be deemed to have been granted to Producer Company
S.378N
Provisions in respect of officers and other employees of inter-State co-operative society
S.378P
Appointment of directors
S.378Q
Vacation of office by directors
S.378R
Powers and functions of Board
S.378S
Matters to be transacted at general meeting
S.378T
Liability of directors
S.378U
Committee of directors
S.378V
Meetings of Board and quorum
S.378W
Chief Executive and his functions
S.378X
Secretary of Producer Company
S.378Y
Quorum
S.378Z
Voting rights
S.378Z-I
General and other reserves
S.378Z-O
Disputes
S.378ZA
Annual general meetings
S.378ZB
Share capital
S.378ZC
Special user rights
S.378ZD
Transferability of shares and attendant rights
S.378ZE
Books of account
S.378ZF
Internal audit
S.378ZG
Duties of auditor under this Chapter
S.378ZH
Donation or subscription by Producer Company
S.378ZJ
Issue of bonus shares
S.378ZK
Loan, etc., to Members
S.378ZL
Investment in other companies, formation of subsidiaries, etc
S.378ZM
Penalty for contravention
S.378ZN
Amalgamation, merger or division, etc., to form new Producer Companies
S.378ZP
Strike off name of Producer Company
S.378ZQ
Provisions of this Chapter to override other laws
S.378ZR
Application of provisions relating to private companies
S.378ZS
Re-conversion of Producer Company to inter-State co-operative society
S.378ZT
Power to modify Act in its application to Producer Companies
S.378ZU
Power to make rules
S.379
Application of Act to foreign companies
S.380
Documents, etc., to be delivered to Registrar by foreign companies
S.381
Accounts of foreign company
S.382
Display of name, etc., of foreign company
S.383
Service on foreign company
S.384
Debentures, annual return, registration of charges, books of account and their inspection
S.385
Fee for registration of documents
S.386
Interpretation
S.387
Dating of prospectus and particulars to be contained therein
S.388
Provisions as to expert‘s consent and allotment
S.389
Registration of prospectus
S.390
Offer of India Depository Receipts
S.391
Application of sections 34 to 36 and Chapter XX
S.392
Punishment for contravention
S.393
Company‘s failure to comply with provisions of this Chapter not to affect validity or contracts, etc
S.394
Annual reports on Government companies
S.395
Annual reports where one or more State Governments are members of companies
S.396
Registration offices
S.397
Admissibility of certain documents as evidence
S.398
Provisions relating to filing of applications, documents, inspection, etc., in electronic form
S.399
Inspection, production and evidence of documents kept by Registrar
S.400
Electronic form to be exclusive, alternative or in addition to physical form
S.401
Provision of value added services through electronic form
S.402
Application of provisions of Information Technology Act, 2000
S.403
Fee for filing, etc
S.404
Fees, etc., to be credited into public account
S.405
Power of Central Government to direct companies to furnish information or statistics
S.406
Provision relating to Nidhis and its application, etc
S.407
Definitions
S.408
Constitution of National Company Law Tribunal
S.409
Qualification of President and Members of Tribunal
S.410
Constitution of Appellate Tribunal
S.411
Qualifications of Chairperson and members of Appellate Tribunal
S.412
Selection of Members of Tribunal and Appellate Tribunal
S.413
Term of office of President, Chairperson and other Members
S.414
Salary, allowances and other terms and conditions of service of Members
S.415
Acting President and Chairperson of Tribunal or Appellate Tribunal
S.416
Resignation of Members
S.417
Removal of Members
S.417A
Qualifications, terms and conditions of service of Chairperson and Member
S.418
Staff of Tribunal and Appellate Tribunal
S.418A
Benches of Appellate Tribunal
S.419
Benches of Tribunal
S.420
Orders of Tribunal
S.421
Appeal from orders of Tribunal
S.422
Expeditious disposal by Tribunal and Appellate Tribunal
S.423
Appeal to Supreme Court
S.424
Procedure before Tribunal and Appellate Tribunal
S.425
Power to punish for contempt
S.426
Delegation of powers
S.427
President, Members, officers, etc., to be public servants
S.428
Protection of action taken in good faith
S.429
Power to seek assistance of Chief Metropolitan Magistrate, etc
S.430
Civil court not to have jurisdiction
S.431
Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings
S.432
Right to legal representation
S.433
Limitation
S.434
Transfer of certain pending proceedings
S.435
Establishment of Special Courts
S.436
Offences triable by Special Courts
S.437
Appeal and revision
S.438
Application of Code to proceedings before Special Court
S.439
Offences to be non-cognizable
S.440
Transitional provisions
S.441
Compounding of certain offences
S.442
Mediation and Conciliation Panel
S.443
Power of Central Government to appoint company prosecutors
S.444
Appeal against acquittal
S.445
Compensation for accusation without reasonable cause
S.446
Application of fines
S.446A
Factors for determining level of punishment
S.446B
Lesser penalties for One Person Companies or small companies
S.447
Punishment for fraud
S.448
Punishment for false statement
S.449
Punishment for false evidence
S.450
Punishment where no specific penalty or punishment is provided
S.451
Punishment in case of repeated default
S.452
Punishment for wrongful withholding of property
S.453
Punishment for improper use of ―Limited‖ or ―Private Limited‖
S.454
Adjudication of penalties
S.454A
Penalty for repeated default
S.455
Dormant company
S.456
Protection of action taken in good faith
S.457
Non-disclosure of information in certain cases
S.458
Delegation by Central Government of its powers and functions
S.459
Power of Central Government of Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications
S.460
Condonation of delay in certain cases
S.461
Annual report by Central Government
S.462
Power to exempt class or classes of companies from provisions of this Act
S.463
Power of court to grant relief in certain cases
S.464
Prohibition of association or partnership of persons exceeding certain number
S.465
Repeal of certain enactments and savings
S.466
Dissolution of Company Law Board and consequential provisions
S.467
Power of Central Government to amend Schedules
S.468
Power of Central Government to make rules relating to winding up
S.469
Power of Central Government to make rules
S.470
Power to remove difficulties
The Companies Act, 2013
Act ID: 2013
The Companies Act, 2013
"An Act to consolidate and amend the law relating to companies."
Table of Contents
527 Sections
Ch. Chapter VI
Registration of Charges
Ch. Chapter VII
Management and Administration
Ch. Chapter VIII
Declaration and Payment of Dividend
Ch. Chapter IX
Accounts of Companies
Ch. Chapter X
Audit and Auditors
Ch. Chapter XI
Appointment and Qualifications of Directors
Ch. Chapter XII
Meetings of Board and its Powers
Ch. Chapter XIII
Appointment and Remuneration of Managerial Personnel
Ch. Chapter XIV
Inspection, Inquiry and Investigation
Ch. Chapter XV
Compromises, Arrangements and Amalgamations
Ch. Chapter XVI
Prevention of Oppression and Mismanagement
Ch. Chapter XVII
Registered Valuers
Ch. Chapter XVIII
Removal of Names of Companies from Register
Ch. Chapter XIX
Revival and Rehabilitation of Sick Companies
Ch. Chapter XX
Winding Up
Ch. Chapter XXI
Companies Authorised to Register Under this Act
Ch. Chapter XXIA
Producer Companies
Ch. Chapter XXII
Companies Incorporated Outside India
S.393A
Exemptions under this Chapter
Ch. Chapter XXIII
Government Companies
Ch. Chapter XXIV
Registration Offices and Fees
Ch. Chapter XXV
Companies to Furnish Information or Statistics
Ch. Chapter XXVI
Nidhis
Ch. Chapter XXVII
National Company Law Tribunal and Appellate Tribunal
Ch. Chapter XXVIII
Special Courts
Ch. Chapter XXIX
Miscellaneous
Ch. Schedule I
Memorandum and Articles of Association (Tables A to J)
Ch. Schedule II
Useful Lives to Compute Depreciation
Ch. Schedule III
General Instructions for Preparation of Balance Sheet and Statement of Profit and Loss
Ch. Schedule IV
Code for Independent Directors
Ch. Schedule V
Conditions for Appointment of Managing or Whole-Time Director or Manager
Ch. Schedule VI
Infrastructure Projects
Ch. Schedule VII
Activities Relating to Corporate Social Responsibility
Ch. I
Preliminary
S.1
Short title, extent, commencement and application
S.2
Definitions
Ch. II
Incorporation of Company and Matters Incidental Thereto
S.3
Formation of company
S.3A
Members severally liable in certain cases
S.4
Memorandum
S.5
Articles
S.6
Act to override memorandum, articles, etc.
S.7
Incorporation of company
S.8
Formation of companies with charitable objects, etc.
S.9
Effect of registration
S.10
Effect of memorandum and articles
S.10A
Commencement of business, etc.
S.11
[Omitted]
S.12
Registered office of company
S.13
Alteration of memorandum
S.14
Alteration of articles
S.15
Alteration of memorandum or articles to be noted in every copy
S.16
Rectification of name of company
S.17
Copies of memorandum, articles, etc., to be given to members
S.18
Conversion of companies already registered
S.19
Subsidiary company not to hold shares in its holding company
S.20
Service of documents
S.21
Authentication of documents, proceedings and contracts
S.22
Execution of bills of exchange, etc.
Ch. III
Prospectus and Allotment of Securities
S.23
Public offer and private placement
S.24
Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.
S.25
Document containing offer of securities for sale to be deemed prospectus
S.26
Matters to be stated in prospectus
S.27
Variation in terms of contract or objects in prospectus
S.28
Offer of sale of shares by certain members of company
S.29
Public offer of securities to be in dematerialised form
S.30
Advertisement of prospectus
S.31
Shelf prospectus
S.32
Red herring prospectus
S.33
Issue of application forms for securities
S.34
Criminal liability for mis-statements in prospectus
S.35
Civil liability for mis-statements in prospectus
S.36
Punishment for fraudulently inducing persons to invest money
S.37
Action by affected persons
S.38
Punishment for personation for acquisition, etc., of securities
S.39
Allotment of securities by company
S.40
Securities to be dealt with in stock exchanges
S.41
[Omitted]
S.42
Offer or invitation for subscription of securities on private placement
Ch. IV
Share Capital and Debentures
S.43
Kinds of share capital
S.44
Nature of shares or debentures
S.45
Numbering of shares
S.46
Certificate of shares
S.47
Voting rights
S.48
Variation of shareholders' rights
S.49
Calls on shares of same class to be made on uniform basis
S.50
Company to accept unpaid share capital, although not called up
S.51
Payment of dividend in proportion to amount paid-up
S.52
Application of premiums received on issue of shares
S.53
Prohibition on issue of shares at discount
S.54
Issue of sweat equity shares
S.55
Issue and redemption of preference shares
S.56
Transfer and transmission of securities
S.57
Punishment for personation of shareholder
S.58
Refusal of registration and appeal against refusal
S.59
Rectification of register of members
S.60
Publication of authorised, subscribed and paid-up capital
S.61
Power of limited company to alter its share capital
S.62
Further issue of share capital
S.63
Issue of bonus shares
S.64
Notice to be given to Registrar for alteration of share capital
S.65
Unlimited company to provide for reserve share capital on conversion into limited company
S.66
Reduction of share capital
S.67
Restriction on purchase by company or giving of loans by it for purchase of its shares
S.68
Power of company to purchase its own securities
S.69
Transfer of certain sums to capital redemption reserve account
S.70
Prohibition for buy-back in certain circumstances
S.71
Debentures
S.72
Power of company to pay interest out of capital in certain cases
Ch. V
Acceptance of Deposits by Companies
S.73
Prohibition on acceptance of deposits from public
S.74
Repayment of deposits, etc., accepted before commencement of this Act
S.75
Damages for fraud
S.76
Acceptance of deposits from public by certain companies
S.76A
Punishment for contravention of section 73 or section 76
Ch.
Sections
S.77
Duty to register charges, etc
S.78
Application for registration of charge
S.79
Section 77 to apply in certain matters
S.80
Date of notice of charge
S.81
Register of charges to be kept by Registrar
S.82
Company to report satisfaction of charge
S.83
Power of Registrar to make entries of satisfaction and release in absence of intimation from company
S.84
Intimation of appointment of receiver or manager
S.85
Company‘s register of charges
S.86
Punishment for contravention
S.87
Rectification by Central Government in Register of charges
S.88
Register of members, etc
S.89
Declaration in respect of beneficial interest in any share
S.90
Register of significant beneficial owners in a Company
S.91
Power to close register of members or debenture holders or other security holders
S.92
Annual return
S.93
Omitted
S.94
Place of keeping and inspection of registers, returns, etc
S.95
Registers, etc., to be evidence
S.96
Annual general meeting
S.97
Power of Tribunal to call annual general meeting
S.98
Power of Tribunal to call meetings of members, etc
S.99
Punishment for default in complying with provisions of sections 96 to 98
S.100
Calling of extraordinary general meeting
S.101
Notice of meeting
S.102
Statement to be annexed to notice
S.103
Quorum for meetings
S.104
Chairman of meetings
S.105
Proxies
S.106
Restriction on voting rights
S.107
Voting by show of hands
S.108
Voting through electronic means
S.109
Demand for poll
S.110
Postal ballot
S.111
Circulation of members‘ resolution
S.112
Representation of President and Governors in meetings
S.113
Representation of corporations at meeting of companies and of creditors
S.114
Ordinary and special resolutions
S.115
Resolutions requiring special notice
S.116
Resolutions passed at adjourned meeting
S.117
Resolutions and agreements to be filed
S.118
. Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot
S.119
Inspection of minute-books of general meeting
S.120
Maintenance and inspection of documents in electronic form
S.121
Report on annual general meeting
S.122
Applicability of this Chapter to One Person Company
S.123
Declaration of dividend
S.124
Unpaid Dividend Account
S.125
Investor Education and Protection Fund
S.126
Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares
S.127
Punishment for failure to distribute dividends
S.128
Books of account, etc., to be kept by company
S.129
Financial statement
S.129A
Periodical financial results
S.130
Re-opening of accounts on court‘s or Tribunal‘s orders
S.131
Voluntary revision of financial statements or Board‘s report
S.132
Constitution of National Financial Reporting Authority
S.133
Central Government to prescribe accounting standards
S.134
Financial statement, Board‘s report, etc
S.135
Corporate Social Responsibility
S.136
Right of member to copies of audited financial statement
S.137
Copy of financial statement to be filed with Registrar
S.138
Internal Audit
S.139
Appointment of auditors
S.140
Removal, resignation of auditor and giving of special notice
S.141
Eligibility, qualifications and disqualifications of auditors
S.142
Remuneration of auditors
S.143
Powers and duties of auditors and auditing standards
S.144
Auditor not to render certain services
S.145
Auditor to sign audit reports, etc
S.146
Auditors to attend general meeting
S.147
Punishment for contravention
S.148
Central Government to specify audit of items of cost in respect of certain companies
S.149
Company to have Board of Directors
S.150
Manner of selection of independent directors and maintenance of data bank of independent directors
S.151
Appointment of director elected by small shareholders
S.152
Appointment of directors
S.153
Application for allotment of Director Identification Number
S.154
Allotment of Director Identification Number
S.155
Prohibition to obtain more than one Director Identification Number
S.156
Director to intimate Director Identification Number
S.157
Company to inform Director Identification Number to Registrar
S.158
Obligation to indicate Director Identification Number
S.159
Penalty for default of certain provisions
S.160
Right of persons other than retiring directors to stand for directorship
S.161
Appointment of additional director, alternate director and nominee director
S.162
Appointment of directors to be voted individually
S.163
Option to adopt principle of proportional representation for appointment of directors
S.164
Disqualifications for appointment of director
S.165
Number of directorships
S.166
Duties of directors
S.167
Vacation of office of director
S.168
Resignation of director
S.169
Removal of directors
S.170
Register of directors and key managerial personnel and their shareholding
S.171
Members‘ right to inspect
S.172
Penalty
S.173
Meetings of Board
S.174
Quorum for meetings of Board
S.175
Passing of resolution by circulation
S.176
Defects in appointment of directors not to invalidate actions taken
S.177
Audit committee
S.178
Nomination and Remuneration Committee and Stakeholders Relationship Committee
S.179
Powers of Board
S.180
Restrictions on powers of Board
S.181
Company to contribute to bona fide and charitable funds, etc
S.182
Prohibitions and restrictions regarding political contributions
S.183
Power of Board and other persons to make contributions to national defence fund, etc
S.184
Disclosure of interest by director
S.185
Loan to directors, etc
S.186
Loan and investment by company
S.187
Investments of company to be held in its own name
S.188
Related party transactions
S.189
Register of contracts or arrangements in which directors are interested
S.190
Contract of employment with managing or whole-time directors
S.191
Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares
S.192
Restriction on non-cash transactions involving directors
S.193
Contract by One Person Company
S.194
Prohibition on forward dealings in securities of company by director or key managerial personnel
S.195
Prohibition on insider trading of securities
S.196
Appointment of managing director, whole-time director or manager
S.197
Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits
S.198
Calculation of profits
S.199
Recovery of remuneration in certain cases
S.200
Central Government or company to fix limit with regard to remuneration
S.201
Forms of, and procedure in relation to, certain applications
S.202
Compensation for loss of office of managing or whole-time director or manager
S.203
Appointment of key managerial personnel
S.204
Secretarial audit for bigger companies
S.205
Functions of company secretary
S.206
Power to call for information, inspect books and conduct inquiries
S.207
Conduct of inspection and inquiry
S.208
Report on inspection made
S.209
Search and seizure
S.210
Investigation into affairs of company
S.211
Establishment of Serious Fraud Investigation Office
S.212
Investigation into affairs of company by Serious Fraud Investigation Office
S.213
Investigation into company‘s affairs in other cases
S.214
Security for payment of costs and expenses of investigation
S.215
Firm, body corporate or association not to be appointed as inspector
S.216
Investigation of ownership of company
S.217
Procedure, powers, etc., of inspectors
S.218
Protection of employees during investigation
S.219
Power of inspector to conduct investigation into affairs of related companies, etc
S.220
Seizure of documents by inspector
S.221
Freezing of assets of company on inquiry and investigation
S.222
Imposition of restrictions upon securities
S.223
Inspector‘s report
S.224
Actions to be taken in pursuance of inspector‘s report
S.225
Expenses of investigation
S.226
Voluntary winding up of company, etc., not to stop investigation proceedings
S.227
Legal advisers and bankers not to disclose certain information
S.228
Investigation, etc., of foreign companies
S.229
Penalty for furnishing false statement, mutilation, destruction of documents
S.230
Power to compromise or make arrangements with creditors and members
S.231
Power to Tribunal to enforce compromise or arrangement
S.232
Merger and amalgamation of companies
S.233
Merger or amalgamation of certain companies
S.234
Merger or amalgamation of company with foreign company
S.235
Power to acquire shares of shareholders dissenting from scheme or contract approved by majority
S.236
Purchase of minority shareholding
S.237
Power of Central Government to provide for amalgamation of companies in public interest
S.238
Registration of offer of schemes involving transfer of shares
S.239
Preservation of books and papers of amalgamated companies
S.240
Liability of officers in respect of offences committed prior to merger, amalgamation, etc
S.241
Application to Tribunal for relief in cases of oppression, etc
S.242
Powers of Tribunal
S.243
Consequence of termination or modification of certain agreements
S.244
Right to apply under section 241
S.245
Class action
S.246
Application of certain provisions to proceedings under section 241 or section 245
S.247
Valuation by registered valuers
S.248
Power of Registrar to remove name of company from register of companies
S.249
Restrictions on making application under section 248 in certain situations
S.250
Effect of company notified as dissolved
S.251
Fraudulent application for removal of name
S.252
Appeal to Tribunal
S.253
Determination of sickness
S.254
Application for revival and rehabilitation
S.255
Exclusion of certain time in computing period of limitation
S.256
Appointment of interim administrator
S.257
Committee of creditors
S.258
Order of Tribunal
S.259
Appointment of administrator
S.260
Powers and duties of company administrator
S.261
Scheme of revival and rehabilitation
S.262
Sanction of scheme
S.263
Scheme to be binding
S.264
Implementation of scheme
S.265
Winding up of company on report of company administrator
S.266
Power of Tribunal to assess damages against delinquent directors, etc
S.267
Punishment for certain offences
S.268
Bar of jurisdiction
S.269
Rehabilitation and Insolvency Fund
S.270
Modes of winding up
S.271
Circumstances in which company may be wound up by Tribunal
S.272
Petition for winding up
S.273
Powers of Tribunal
S.274
Directions for filing statement of affairs
S.275
Company Liquidators and their appointments
S.276
Removal and replacement of liquidator
S.277
Intimation to Company Liquidator, provisional liquidator and Registrar
S.278
Effect of winding up order
S.279
Stay of suits, etc., on winding up order
S.280
Jurisdiction of Tribunal
S.281
Submission of report by Company Liquidator
S.282
Directions of Tribunal on report of Company Liquidator
S.283
Custody of company‘s properties
S.284
Promoters, directors, etc., to cooperate with Company Liquidator
S.285
Settlement of list of contributories and application of assets
S.286
Obligations of directors and managers
S.287
Advisory Committee
S.288
Submission of periodical reports to Tribunal
S.289
Power of Tribunal on application for stay of winding up
S.290
Powers and duties of Company Liquidator
S.291
Provision for professional assistance to Company Liquidator
S.292
Exercise and control of Company Liquidator‘s powers
S.293
Books to be kept by Company Liquidator
S.294
Audit of Company Liquidator‘s accounts
S.295
Payment of debts by contributory and extent of set-off
S.296
Power of Tribunal to make calls
S.297
Adjustment of rights of contributories
S.298
Power to order costs
S.299
Power to summon persons suspected of having property of company, etc
S.300
Power to order examination of promoters, directors, etc
S.301
Arrest of person trying to leave India or abscond
S.302
Dissolution of company by Tribunal
S.303
Appeals from orders made before commencement of Act
S.304
Circumstances in which company may be wound up voluntarily
S.305
Declaration of solvency in case of proposal to wind up voluntarily
S.306
Meeting of creditors
S.307
Publication of resolution to wind up voluntarily
S.308
Commencement of voluntary winding up
S.309
Effect of voluntary winding up
S.310
Appointment of Company Liquidator
S.311
Power to remove and fill vacancy of Company Liquidator
S.312
Notice of appointment of Company Liquidator to be given to Registrar
S.313
Cesser of Board‘s powers on appointment of Company Liquidator
S.314
Powers and duties of Company Liquidator in voluntary winding up
S.315
Appointment of committees
S.316
Company Liquidator to submit report on progress of winding up
S.317
Report of Company Liquidator to Tribunal for examination of persons
S.318
Final meeting and dissolution of company
S.319
Power of Company Liquidator to accept shares, etc., as consideration for sale of property of company
S.320
Distribution of property of company
S.321
Arrangement when binding on company and creditors
S.322
Power to apply to Tribunal to have questions determined, etc
S.323
Costs of voluntary winding up
S.324
Debts of all descriptions to be admitted to proof
S.325
Application of insolvency rules in winding up of insolvent companies
S.326
Overriding preferential payments
S.327
Preferential payments
S.328
Fraudulent preference
S.329
Transfers not in good faith to be void
S.330
Certain transfers to be void
S.331
Liabilities and rights of certain persons fraudulently preferred
S.332
Effect of floating charge
S.333
Disclaimer of onerous property
S.334
Transfers, etc., after commencement of winding up to be void
S.335
Certain attachments, executions, etc., in winding up by Tribunal to be void
S.336
Offences by officers of companies in liquidation
S.337
Penalty for frauds by officers
S.338
Liability where proper accounts not kept
S.339
Liability for fraudulent conduct of business
S.340
Power of Tribunal to assess damages against delinquent directors, etc
S.341
Liability under sections 339 and 340 to extend to partners or directors in firms or companies
S.342
Prosecution of delinquent officers and members of company
S.343
Company Liquidator to exercise certain powers subject to sanction
S.344
Statement that company is in liquidation
S.345
Books and papers of company to be evidence
S.346
Inspection of books and papers by creditors and contributories
S.347
Disposal of books and papers of company
S.348
Information as to pending liquidations
S.349
Official Liquidator to make payments into public account of India
S.350
Company Liquidator to deposit monies into scheduled bank
S.351
Liquidator not to deposit monies into private banking account
S.352
Company Liquidation Dividend and Undistributed Assets Account
S.353
Liquidator to make returns, etc
S.354
Meetings to ascertain wishes of creditors or contributories
S.355
Court, tribunal or person, etc., before whom affidavit may be sworn
S.356
Power of Tribunal to declare dissolution of company void
S.357
Commencement of winding up by Tribunal
S.358
Exclusion of certain time in computing period of limitation
S.359
Appointment of Official Liquidator
S.360
Powers and functions of Official Liquidator
S.361
Summary procedure for liquidation
S.362
Sale of assets and recovery of debts due to company
S.363
Settlement of claims of creditors by Official Liquidator
S.364
Appeal by creditor
S.365
Order of dissolution of company
S.366
Companies capable of being registered
S.367
Certificate of registration of existing companies
S.368
Vesting of property on registration
S.369
Saving of existing liabilities
S.370
Continuation of pending legal proceedings
S.371
Effect of registration under this Part
S.372
Power of Court to stay or restrain proceedings
S.373
Suits stayed on winding up order
S.374
Obligations of companies registering under this Part
S.375
Winding up of unregistered companies
S.376
Power to wind up foreign companies although dissolved
S.377
Provisions of Chapter cumulative
S.378
Saving and construction of enactments conferring power to wind up partnership firm, association or company, etc., in certain cases
S.378-I
Amendment of articles
S.378-O
Number of directors
S.378A
Definitions
S.378B
Objects of producer company
S.378C
Formation of Producer Company and its registration
S.378D
Membership and voting rights of Members of Producer Company
S.378E
Benefits to Members
S.378F
Memorandum of Producer Company
S.378G
Articles of association
S.378H
Amendment of memorandum
S.378J
Option to inter-State co-operative societies to become Producer Companies
S.378K
Effect of incorporation of Producer Company
S.378L
Vesting of undertaking in Producer Company
S.378M
Concession, etc., to be deemed to have been granted to Producer Company
S.378N
Provisions in respect of officers and other employees of inter-State co-operative society
S.378P
Appointment of directors
S.378Q
Vacation of office by directors
S.378R
Powers and functions of Board
S.378S
Matters to be transacted at general meeting
S.378T
Liability of directors
S.378U
Committee of directors
S.378V
Meetings of Board and quorum
S.378W
Chief Executive and his functions
S.378X
Secretary of Producer Company
S.378Y
Quorum
S.378Z
Voting rights
S.378Z-I
General and other reserves
S.378Z-O
Disputes
S.378ZA
Annual general meetings
S.378ZB
Share capital
S.378ZC
Special user rights
S.378ZD
Transferability of shares and attendant rights
S.378ZE
Books of account
S.378ZF
Internal audit
S.378ZG
Duties of auditor under this Chapter
S.378ZH
Donation or subscription by Producer Company
S.378ZJ
Issue of bonus shares
S.378ZK
Loan, etc., to Members
S.378ZL
Investment in other companies, formation of subsidiaries, etc
S.378ZM
Penalty for contravention
S.378ZN
Amalgamation, merger or division, etc., to form new Producer Companies
S.378ZP
Strike off name of Producer Company
S.378ZQ
Provisions of this Chapter to override other laws
S.378ZR
Application of provisions relating to private companies
S.378ZS
Re-conversion of Producer Company to inter-State co-operative society
S.378ZT
Power to modify Act in its application to Producer Companies
S.378ZU
Power to make rules
S.379
Application of Act to foreign companies
S.380
Documents, etc., to be delivered to Registrar by foreign companies
S.381
Accounts of foreign company
S.382
Display of name, etc., of foreign company
S.383
Service on foreign company
S.384
Debentures, annual return, registration of charges, books of account and their inspection
S.385
Fee for registration of documents
S.386
Interpretation
S.387
Dating of prospectus and particulars to be contained therein
S.388
Provisions as to expert‘s consent and allotment
S.389
Registration of prospectus
S.390
Offer of India Depository Receipts
S.391
Application of sections 34 to 36 and Chapter XX
S.392
Punishment for contravention
S.393
Company‘s failure to comply with provisions of this Chapter not to affect validity or contracts, etc
S.394
Annual reports on Government companies
S.395
Annual reports where one or more State Governments are members of companies
S.396
Registration offices
S.397
Admissibility of certain documents as evidence
S.398
Provisions relating to filing of applications, documents, inspection, etc., in electronic form
S.399
Inspection, production and evidence of documents kept by Registrar
S.400
Electronic form to be exclusive, alternative or in addition to physical form
S.401
Provision of value added services through electronic form
S.402
Application of provisions of Information Technology Act, 2000
S.403
Fee for filing, etc
S.404
Fees, etc., to be credited into public account
S.405
Power of Central Government to direct companies to furnish information or statistics
S.406
Provision relating to Nidhis and its application, etc
S.407
Definitions
S.408
Constitution of National Company Law Tribunal
S.409
Qualification of President and Members of Tribunal
S.410
Constitution of Appellate Tribunal
S.411
Qualifications of Chairperson and members of Appellate Tribunal
S.412
Selection of Members of Tribunal and Appellate Tribunal
S.413
Term of office of President, Chairperson and other Members
S.414
Salary, allowances and other terms and conditions of service of Members
S.415
Acting President and Chairperson of Tribunal or Appellate Tribunal
S.416
Resignation of Members
S.417
Removal of Members
S.417A
Qualifications, terms and conditions of service of Chairperson and Member
S.418
Staff of Tribunal and Appellate Tribunal
S.418A
Benches of Appellate Tribunal
S.419
Benches of Tribunal
S.420
Orders of Tribunal
S.421
Appeal from orders of Tribunal
S.422
Expeditious disposal by Tribunal and Appellate Tribunal
S.423
Appeal to Supreme Court
S.424
Procedure before Tribunal and Appellate Tribunal
S.425
Power to punish for contempt
S.426
Delegation of powers
S.427
President, Members, officers, etc., to be public servants
S.428
Protection of action taken in good faith
S.429
Power to seek assistance of Chief Metropolitan Magistrate, etc
S.430
Civil court not to have jurisdiction
S.431
Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings
S.432
Right to legal representation
S.433
Limitation
S.434
Transfer of certain pending proceedings
S.435
Establishment of Special Courts
S.436
Offences triable by Special Courts
S.437
Appeal and revision
S.438
Application of Code to proceedings before Special Court
S.439
Offences to be non-cognizable
S.440
Transitional provisions
S.441
Compounding of certain offences
S.442
Mediation and Conciliation Panel
S.443
Power of Central Government to appoint company prosecutors
S.444
Appeal against acquittal
S.445
Compensation for accusation without reasonable cause
S.446
Application of fines
S.446A
Factors for determining level of punishment
S.446B
Lesser penalties for One Person Companies or small companies
S.447
Punishment for fraud
S.448
Punishment for false statement
S.449
Punishment for false evidence
S.450
Punishment where no specific penalty or punishment is provided
S.451
Punishment in case of repeated default
S.452
Punishment for wrongful withholding of property
S.453
Punishment for improper use of ―Limited‖ or ―Private Limited‖
S.454
Adjudication of penalties
S.454A
Penalty for repeated default
S.455
Dormant company
S.456
Protection of action taken in good faith
S.457
Non-disclosure of information in certain cases
S.458
Delegation by Central Government of its powers and functions
S.459
Power of Central Government of Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications
S.460
Condonation of delay in certain cases
S.461
Annual report by Central Government
S.462
Power to exempt class or classes of companies from provisions of this Act
S.463
Power of court to grant relief in certain cases
S.464
Prohibition of association or partnership of persons exceeding certain number
S.465
Repeal of certain enactments and savings
S.466
Dissolution of Company Law Board and consequential provisions
S.467
Power of Central Government to amend Schedules
S.468
Power of Central Government to make rules relating to winding up
S.469
Power of Central Government to make rules
S.470
Power to remove difficulties