Tag: 12 Sept 2013
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Section 2(87): Subsidiary company or subsidiary.
Subsidiary company or subsidiary. Unless the context requires otherwise, the term ‘subsidiary company’ or ‘subsidiary’ wherever appearing in the Companies Act, 2013 shall have the following meaning: “subsidiary company” or “subsidiary”, in relation to any other company (that is to say the holding company), means a company in which the holding company – (i) controls…
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Section 2(46) Holding company
Chapter I PRELIMINARY Provisions of the Companies Act, 2013: Section 2(46): Holding company. This provision is brought to force with effect from September 12, 2013. Corresponding provisions of the Companies Act, 1956: Section 2(19) and section 4. Corresponding provisions of the English Companies Act, 2006 Section 1159 and Schedule 6. Applicability: Unless the context requires…
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Section 470 Power to remove difficulties.
CHAPTER XXIX MISCELLANEOUS [Section 470 is brought to force with effect from September 12, 2013.] Power to remove difficulties. Section 470. (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions, not inconsistent with the provisions of…
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Section 469 Power of Central Government to make rules.
CHAPTER XXIX MISCELLANEOUS [Section 469 is brought to force with effect from September 12, 2013.] Power of Central Government to make rules. Section 469. (1) The Central Government may, by notification, make rules for carrying out the provisions of this Act. (2) Without prejudice to the generality of the provisions of sub-section (1), the Central…
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Section 468 Powers of Central Government to make rules relating to winding up.
CHAPTER XXIX MISCELLANEOUS [Section 468 is brought to force with effect from September 12, 2013.] Powers of Central Government to make rules relating to winding up. Section 468. (1) The Central Government shall, make rules consistent with the Code of Civil Procedure, 1908 providing for all matters relating to the winding up of companies, which…
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Section 467 Power of Central Government to amend Schedules.
CHAPTER XXIX MISCELLANEOUS [Section 467 is brought to force with effect from September 12, 2013.] Power of Central Government to amend Schedules. Section 467. (1) Subject to the provisions of this section, the Central Government may, by notification, alter any of the regulations, rules, Tables, forms and other provisions contained in any of the Schedules…
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Section 463 Power of court to grant relief in certain cases.
CHAPTER XXIX MISCELLANEOUS [Section 463 is brought to force with effect from September 12, 2013.] Power of court to grant relief in certain cases. Section 463. (1) If in any proceeding for negligence, default, breach of duty, misfeasance or breach of trust against an officer of a company, it appears to the court hearing the…
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Section 462 Power to exempt class or classes of companies from provisions of this Act.
CHAPTER XXIX MISCELLANEOUS [Section 462 is brought to force with effect from September 12, 2013.] Power to exempt class or classes of companies from provisions of this Act. Section 462. (1) The Central Government may in the public interest, by notification direct that any of the provisions of this Act,— (a) shall not apply to…
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Section 461 Annual report by Central Government.
CHAPTER XXIX MISCELLANEOUS [Section 461 is brought to force with effect from September 12, 2013.] Annual report by Central Government. Section 461. The Central Government shall cause a general annual report on the working and administration of this Act to be prepared and laid before each House of Parliament within one year of the close…
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Section 460 Condonation of delay in certain cases.
CHAPTER XXIX MISCELLANEOUS [Section 460 is brought to force with effect from September 12, 2013.] Condonation of delay in certain cases. Section 460. Notwithstanding anything contained in this Act,— (a) where any application required to be made to the Central Government under any provision of this Act in respect of any matter is not made…