Amend Company Pdf For Free

In our country, the Companies Act, 1956 primarily regulates the formation, financing, functioning and winding up of companies. The Act prescribes regulatory mechanism regarding all relevant aspects including organisational, financial and managerial aspects of companies.

Restrictions on purchase by company or giving of loans by it for purchase of its shares. (1) No company limited by shares or by guarantee and having a share capital shall have power to buy its own shares unless the consequent reduction of share capital is effected under the provisions of this Act.

On January 23, 2023, the Ministry of Corporate Affairs (MCA) introduced the Companies (Incorporation) Amendment Rules, 2023. ing to the amendment, the name of the nominee for the owner of a One Person Company (OPC) must be mentioned in the memorandum of the OPC.

Sec 628 - Penalty for false statements. (b) which omits any material fact, knowing it to be material ; he shall, save as otherwise expressly provided in this Act, be punishable with imprisonment for a term which may extend to two years, and shall also be liable to fine.

617. For the purposes of [1] [this Act] Government company means any company in which not less than fifty-one per cent of the [2] [paid-up share capital] is held by the Ce ..... S.O. 2192(E) - Dated: 8-1-2010 - SEBI - To prevent undesirable speculation in securities in the whole of India.

Companies (Amendment) Bill, 2020 was introduced in Lok Sabha on 17-3-2020. The Bill was passed and converted into Act by Parliament on 28-9- 2020. Various provisions of the Amendment Act were have been made effective from time to time on 21-12-2020, 22-1-2021, 11-2-2021, 18-3-2021, 24-3-2021, 1-9-2021 and 1-7-2022.

Thus, the provision under the Section 185 of the 2013 Act, has been amended to remove the prohibition to an extent by providing for a way out in the form of a shareholders' resolution for granting of loans/guarantees/securities to entities in which directors are interested or for group companies under common control.

Meaning of 'relative' as defined in Section 6 of The Companies Act, 1956. A person shall be deemed to be a relative of another if, and only if, (a) they are members of a Hindu undivided family, or (b) they are husband and wife, or (c) the one is related to the other in the manner indicated in *Schedule IA.