Category: Transaction Advisory
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Section 25 Document containing offer of securities for sale to be deemed prospectus.
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer Provisions marked N.A. are not yet brought to force. Document containing offer of securities for sale to be deemed prospectus. [Section 25 (partly) is brought to force with effect from September 12, 2013.] Section 25. (1) Where a company allots or agrees to allot any…
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Section 24 Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES [Sections 23 to 42] Provisions of the Companies Act, 2013: Section 24: Power of Securities and Exchange Board to regulate issue and transfer of securities, etc. For this provision, no rules are prescribed the Companies Rules, 2013. [Section 24 is brought to force with effect from September 12,…
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Section 22 Execution of bills of exchange, etc.
Chapter II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO [Sections 3 to 22] Provisions of the Companies Act, 2013: Section 22: Execution of bills of exchange. etc. For this provision, no rules are prescribed the Companies Rules, 2013. [Section 22 is brought to force with effect from September 12, 2013.] Corresponding provisions of the Companies…
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Section 21: Authentication of documents, proceedings and contracts
CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO [Sections 3 to 22] Provisions of the Companies Act, 2013: Section 21: Authentication of documents, proceedings and contracts. For this provision, no rules are prescribed the Companies Rules, 2013 [Section 21 is brought to force with effect from September 12, 2013.] Corresponding provisions of the Companies…
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Section 19: Subsidiary company not to hold shares in its holding company.
CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO [Sections 3 to 22] Subsidiary company not to hold shares in its holding company. [Section 19 is brought to force with effect from September 12, 2013.] Corresponding provisions of the Companies Act, 1956: Section 42. Corresponding provisions of the English Companies Act, 2006: Part 8, Chapter…
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Definitions as implemented from September 12, 2013
The 98 provisions of the Companies Act, 2013 which are brought to force with effect from September 12, 2013. The definitions, which are brought to force with effect from September 12, 2013 are as under: Section 2. In this Act, unless the context otherwise requires, (1) “abridged prospectus” means a memorandum containing such salient features…
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Implementation of the Companies Act, 2013
Section 1 of the Companies Act, 2013 (18 of 2013) came into force with effect from 29 August, 2013, the date of receipt of assent of the President of India. 98 provisions of the Companies Act 2013 are brought into force by the Ministry of Corporate Affairs (‘MCA’) from September 12, 2013. For MCA notification,…
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Company law in India
The Companies Act, 1956 is the Central law applicable to all Corporate in India. A new Company law is legislated in 2013. It’s called the Companies Act, 2013. Ministry of Corporate Affairs (‘MCA’) is the administrative arm of the Central Government of India, which administers and implements the Company law. Some of the provisions (98…
