Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 55A – The Companies Act,1956

The Companies Act, 1956

55A. Powers of Securities and Exchange Board of India.

1[55A. Powers of Securities and Exchange Board of India.

The provisions contained in sections 55 to 58, 59 to 84, 108, 109, 110, 112, 113, 116, 117, 118, 119, 120, 121, 122, 206, 206A and 207, so far as they relate to issue and transfer of securities and non-payment of dividend shall,

(a)in case of listed public companies;

(b)in case of those public companies which intend to get their securities listed on any recognized stock exchange in India,be administered by the Securities and Exchange Board of India; and

(c)in any other case, be administered by the Central Government.

Explanation.For removal of doubts, it is hereby declared that all powers relating to all other matters including the matters relating to prospectus, statement in lieu of prospectus, return of allotment, issue of shares and redemption of ir-redeemable preference shares shall be exercised by the Central Government,2[Tribunal] or the Registrar of Companies, as the case may be.]

—————————–

1. Ins. by Act 53 of 2000, sec. 16 (w.e.f. 13-12-2000).

2. Subs. by Act 11 of 2003, sec. 9, for “Company Law Board”.

Previous | Next

The Companies Act, 1956

Indian Laws – Bare Acts

MyNation

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2024 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation