This clause corresponds to section 82 of the companies act, 1956 and seeks to provide that the shares and debentures are movable property transferable in a manner provided in the articles of a company. This act may be cited as the companies act, 2011, and shall come into operation on such a date as the minister may, by notice published in the gazette, appoint. To facilitate this, shares or any other interest of a shareholder in a company has been declared by law as a movable property, transferable in the manner provided by the articles of association of the company. Section 82 in the companies act, 1956 indian kanoon. This is a ready reckoner for the information of stakeholders. Please refer to the relevant notifications and circulars issued separately. Free transferability of shares in public law teacher. Construction of references in other acts to companies registered under companies consolidation act 1908 and act of 1963. Definitions of holding company, wholly owned subsidiary and group of companies 9. The terrorist and disruptive activities prevention act. Preference share capital means, with reference to any company limited by shares, whether formed before or after the commencement of this act, that part of the share capital of the company which fulfils both the following requirements, namely. You can view a specific section, or view all sections grouped by chapters. This is supplemented by section 174a ipc, which reiterates that a higher punishment may be inflicted upon those declared proclaimed offenders under 82 4. Chapter xviii removal of names of companies from the register of companies.
Chapter xxi part i companies authorised to register under this act. Full text containing the act, companies act, 1956, with all the sections. You can also search for keywords within the sections of the act. Procedural checklist for effecting transfer of shares of. Chapter xix revival and rehabilitation of sick companies. 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. Commission referred to in section 82 or the joint commission referred to in section 83, as the case may be. Such a characteristic is not brought out by inference alone. Substituted for register the charge within the period specified in section 77 by the companies amendment act, 2017, w. Insight on section 186 of the new companies act, 20. The practical lawyer enforceability of contractual. Companies act 71 of 2008 english text signed by the president assented to. Table containing provisions of companies act, 20 as notified up to date and corresponding provisions thereof under companies act, 1956.
The shares or other interest of any member in a company shall be movable property, transferable. Arrangement of sections section part i preliminary 1. Table containing provisions of companies act, 20 as notified up to 28. Companies act 2006, section 84 is up to date with all changes known to be in force on or before 09 april 2020. Section 1866 of the act provides that those companies which are registered under section 12 of sebi act, 1992 and other prescribed companies can take intercorporate loans or deposits exceeding the prescribed limit. This section stands repealed pursuant to notification of its corresponding sections under the companies act, 20 vide notification dated 12th september 20. Download the complete list of all sections of companies act 20 in pdf format. Companies act, 1956 and includes any body corporate under a central, state or provincial act. Riotous assemblies act 17 of 1956 south african government.
This post is contributed by vaibhav modi section 4a of the companies act, 1956 the act lays down what institutions shall be regarded as public financial institutions for the purposes of the act. As we know that the companies act, 20 has now replaced the decades old companies act, 1956 which was amended tons of time. Companies act 20 companies act 1956 quick referencer. Act on limited liability companies, as consolidated and published in the federal law gazette iii, index no.
The companies act, 20 ministry of corporate affairs. Dissolution of companies and removal from register. Company to report satisfaction of charge effective from 1st april, 2014 1 a company shall give intimation to the registrar in the prescribed form, of the payment or satisfaction in full of any charge registered under this chapter within a period of thirty days from the date of such payment or satisfaction 4. Superiority ofact part ii incorporation and registration of companies 6. Section 82 of the companies act, 1956, specifically provides that the shares or other interest of any member in a company shall be movable property, transferable in the manner provided by the articles of association of the company. Companies act, 1956 bare acts law library advocatekhoj. The companies act, 20 rules on the companies act, 20 this feature allows you to view the companies act, 20 section wise or chapterwise. Company auditors and liquidators to be approved by minister charged with responsibility for finance. Kolkata, discusses the restrictions on transferability of shares. Thus the member of an incorporated company can dispose of his share by selling them. The enforceability of contractual restrictions on the. A brief section wise descrption includes only relevent point about section 81 section 81 says about further issue of shares section subsection explanation 81 1 increase in subscribed capital of the company by alloting the further shares can do at anytime after the expiry of two years from. The shares or other interest of any member in a company shall be movable property, transferable in the manner provided by the articles of the company.
Companies act, 20 and 1956 pdf here is the pdf file for companies act, 20 and 1956. Riotous assemblies act 17 of 1956 legal assistance centre. Under section 82 of the companies act, 1956, the shares of any member in the company are movable property, transferable in the manner provided by. Act structured to facilitate its use in relation to most common type of company. As to the former, they argue that vb rangaraj was wrongly decided because it misinterpreted section 82 of the companies act, and relied on two english judgments that in fact dealt with the power of the board of directors to refuse registration, and not with the ability of. Part iv arbitration and conciliation act supplementary provisions section 82. Construction of references in other acts to companies registered under the companies consolidation act, 1908. Amends section 39a of principal act 2 section 39a of the principal act is amended by inserting next after subsection 2 the following 2a section 39 does not prohibit a company from giving. General law amendment act 50 of 1956 english text signed by the governorgeneral as amended by prisons act 8 of 1959 supreme court act 59 of 1959 general law amendment act 80 of 1964 general law amendment act 70 of 1968.
Companies act, 1956 1 of 1956 so repealed under section 465 of this act. There are changes that may be brought into force at a future date. Public financial institutions under section 4a of the. The word transfer is an act of the parties by which title to property is transferred from one person to another. There are direct section link headings to reach exact section quickly in a long bare act page. Section 263a sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc. Table containing provisions of companies act, 20 as notified up to date and corresponding provisions thereof under companies act, 1956 s. Calls on shares of same class to be made on uniform basis section 49. Companies amendment act 3 of 2011 act to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of. Section 81 of the companies act 1956 corporate law forum. What are the restrictions on transferability of shares.
And moreover, the shares of a public company are freely transferable. Preference share capital means, with reference to any company limited by shares, whether formed before or after the commencement of this act, that part of the share capital of the company which fulfils both. First notes mca notified certain provisions of the. Section 4a2 empowers the central government to specify other institutions as a public financial institution by a gazetted notification. Explore the companies act 20 and companies act 1956. Companies registered under securities exchange board of india sebi. The shares or other interest of any member in a company shall be movable property, transferable in. The companies act, 1956 act, the principal legislation regulating all companies in india, specifically provides that the shares of a public company are freely transferable. Changes that have been made appear in the content and are referenced with annotations. For reasons we cannot gather, section 82 today creates two separate classes of proclamations. Regulatory commission referred to in section 82 or the joint commission referred to in section 83, as the case may be. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Compensation for occupational injuries and diseases act of.
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