The Companies Act,1956

CONTENTS

Sections

Particulars

Part I

Preliminary


1

2

2A

3

4

4A

5

6

7

8

9

10

10A

10B

10C

10D

Part I-A

Board of Company Law administration.

10E

10F

10FA

Dissolution of
Company Law Board.

10FB

Constitution of
National Company Law Tribunal

10FC

Composition of
Tribunal

10FD

Qualifications for
appointment of President and Members.

10FE

Term of office of
President and Members.

10FF

Financial and
administrative powers of Member Administration.

10FG

Salary, allowances
and other terms and conditions of service of President and other Members.

10FH

Vacancy in Tribunal.

10FI

Resignation of
President and Member.

10FJ

Removal and
suspension of President or Member.

10FK

Officers and
employees of Tribunal

10FL

Benches of Tribunal.

10FM

Order of Tribunal.

10FN

Power to review.

10FO

Delegation of powers.

10FP

Power to seek
assistance of Chief Metropolitan Magistrate and District Magistrate.

10FQ

Appeal from order of
Tribunal.

10FR

Constitution of
Appellate Tribunal.

10FS

Vacancy in Appellate
Tribunal, etc.

10FT

Term of office of
Chairperson and Members.

10FU

Resignation of
Chairperson and Members.

10FV

Removal and
suspension of Chairperson and Members of Appellate Tribunal.

10FW

Salary, allowances
and other terms and conditions of service of Chairperson and Members.

10FX

Selection Committee.

10FY

Chairperson, etc., to
be public servants.

10FZ

Protection of action
taken in good faith.

10FZA

Procedure and powers
of Tribunal and Appellate Tribunal.

10G

Power to punish for
contempt.

10GA

Staff of Appellate.
Tribunal.

10GB

Civil court not to
have jurisdiction.

10GC

Vacancy in Tribunal
or Appellate Tribunal not to invalidate acts or proceedings.

10GD

Right to legal
representation.

10GE

Limitation.

10GF

Appeal to Supreme
Court.

Part II

Incorporation of Company and Matters Incidental thereto.

 

11

12

13

14

15

15A

15B

16

17

17A

Change of registered
office within a State

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

43A

44

45

46

47

48

49

50

51

52

53

54

Part III

Prospectus and Allotment, and other matters relating to issue of
shares or debentures.

55

55A

Powers of Securities
and Exchange Board of India

56

57

58

58A

58AA

Small depositors

58AAA

Default in
acceptance or refund of deposits to be cognizable

58B

59

60

60A

Filing of Shelf
prospectus.

60B

Information memorandum

61

62

63

64

65

66

67

68

68A

69

70

71

72

73

74

75

76

77

77A

Power of company to
purchase its own securities

77AA

Transfer of certain
sums to capital redemption reserve account

77B

Prohibition for
buy-back in certain circumstances.

78

79

79A

Issue of sweat equity
shares

80

80A

81

Part IV

Share Capital and Debentures

82

83

84

85

86

87

88

89

90

91

92

93

94

94A

95

96

97

98

99

100

101

102

103

104

105

106

107

108

108A

108B

108C

108D

108E

108F

108G

108H

108I

109

109A

Nomination of shares

109B

Transmission of
shares

110

111

111A

112

113

114

115

116

117

117A

Debenture trust deed

117B

Appointment of
debenture trustees and duties of debenture trustees

117C

Liability of company
to create security and debenture redemption reserve

118

119

120

121

122

123

Part V

Registration of Charges.

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

Part VI

Management and Administration

Chapter I

General Provisions.

146

147

148

149

150

151

152

152A

153

153A

153B

154

155

156

157

158

159

160

161

162

163

164

165

166

167

168

169

170

171

172

173

174

175

176

177

178

179

180

181

182

183

184

185

186

187

187A

187B

187C

187D

188

189

190

191

192

192A

Passing of resolutions by
postal ballot

193

194

195

196

197

197A

198

199

200

201

202

203

204

204A

205

205A

205B

205C

Establishment of
Investor Education and Protection Fund

206

206A

207

208

209

209A

210

210A

Constitution of
National Advisory Committee on Accounting Standards

211

212

213

214

215

216

217

218

219

220

221

222

223

224

224A

225

226

227

228

229

230

231

232

233

233A

233B

234

234A

235

236

237

238

239

240

240A

241

242

243

244

245

246

247

248

249

250

250A

251

Chapter II

Directors

252

253

254

255

256

257

258

259

260

261

262

263

263A

264

265

266

267

268

269

270

271

272

273

274

275

276

277

278

279

280

281

282

283

284

285

286

287

288

289

290

291

292

292A

Audit Committee

293

293A

293B

294

294A

294AA

295

296

297

298

299

300

301

302

303

304

305

306

307

308

309

310

311

312

313

314

315

316

317

318

319

320

321

322

323

Chapter III

Managing Agents

 

 

324

324A

325

325A

326

327

328

329

330

331

332

333

334

335

336

337

338

339

340

341

342

343

344

345

346

347

348

349

350

351

355

356

357

358

359

360

361

362

363

364

365

366

367

368

369

370

370A

371

372

373

374

375

376

377

Chapter IV

A. Secretaries and Treasurers.

 

378

Appointment of
secretaries and treasurers.

379

Provisions
applicable to managing agents to apply to secretaries and treasurers with the
exceptions and modifications specified in sections 380 to 383.

380

Sections 324, 330
and 332 not to apply.

381

Section 348 to
apply subject to a modification.

382

Secretaries and
treasurers not to appoint directors.

383

Secretaries and
treasurers not to sell goods or articles produced by company, etc., unless
authorised by Board.

383A

Certain
companies to have secretaries.

 

B. Managers

384

Firm or body
corporate not to be appointed manager.

385

Certain persons
not to be appointed managers.

386

Number of
companies of which a person may be appointed manager.

387

Remuneration of
manager.

388

Application of
sections 269, 310, 311, 312 and 317 to managers.

388A

Sections 386 to
388 not to apply to certain private companies.

 

Chapter IVA

Powers of Central Government to Remove
Managerial Personnel from Office on the Recommendation of the Company Law Board.

 

388B

Reference to
Company Law Board of cases against managerial personnel.

388C

Interim order by
Company Law Board.

388D

Findings of the
Company Law Board.

388E

Power of Central
Government to remove managerial personnel on the basis of Company Law Board’s
decision.

 

Chapter V

Arbitration, Compromises, Arrangements and
Reconstructions.

 

389

Repealed – Power
for Companies to refer matters to arbitration.

390

Interpretation of
sections 391 and 393.

391

Power to
compromise or make arrangements with creditors and members.

392

Power of High
Court to enforce compromises and arrangements.

393

Information as to
compromises or arrangements with creditors and members.

394

Provisions for
facilitating reconstruction and amalgamation of companies.

394A

Notice to be
given to Central Government for applications under Sections 391 and 394.

395

Power and duty to
acquire shares of shareholders dissenting from scheme or contract approved by
majority.

396

Power of Central
Government to provide for amalgamation of companies in national interest.

396A

Preservation of
books and papers of amalgamated company.

 

Chapter VI

Prevention of Oppression and Mismanagement.

397

Application to
Company Law Board for relief in cases of oppression.

398

Application to
Company Law Board for relief in cases of mismanagement.

399

Right to apply
under sections 397 and 398.

400

Notice to be
given to Central Government of applications under sections 397 and 398.

401

Right of Central
Government to apply under sections 397 and 398.

402

Powers of Company
Law Board on application under section 397 or 398.

403

Interim order by
Company Law Board.

404

Effect of
alteration of memorandum or articles of company by order under section 397 or
398.

405

Addition of
respondents to application under section 397 or 398.

406

Application of
sections 539 to 544 to proceedings under sections 397 and 398.

407

Consequences of
termination or modification of certain agreements.

408

Powers of
Government to prevent oppression or mismanagement.

409

Power of Company
Law Board to prevent change in Board of Directors Likely to affect company
prejudicially.

 

Chapter VII

Constitution and Powers of Advisory
Committee.

 

410

Appointment of
Advisory Committee.

411

Repealed.

412

Repealed.

413

Repealed.

414

Repealed.

415

Repealed.

 

Chapter VIII

Miscellaneous provisions.

 

416

Contracts by
agents of company in which company is undisclosed principal.

417

Employees’
securities to be deposited in post office savings Bank or in Scheduled Bank.

418

Provision
applicable to provident funds of employees.

419

Right of employee
to see bank’s receipt for moneys or securities referred to in section 417 or
418.

420

Penalty for
contravention of section 417, 418 and 419.

421

Filing of
accounts of receivers.

422

Invoices, etc.,
to refer to receiver where there is one.

423

Penalty for
non-compliance with sections 421 and 422.

424

Application of
sections 421 to 423 to receivers and managers appointed by Court and managers
appointed in pursuance of an instrument.

424A

Reference to Tribunal.

424B

Inquiry into working
of sick industrial companies.

424C

Powers of Tribunal to
make suitable order on completion of inquiry.

424D

Preparation and
sanction of schemes.

424E

Rehabilitation by
giving financial assistance.

424F

Arrangement for
continuing operations, etc., during inquiry.

424G

Winding up of sick
industrial company.

424H

Operating agency to
prepare complete inventory, etc.

424I

Direction not to
dispose of assets.

424J

Power of Tribunal to
call for periodic information.

424K

Misfeasance
proceedings.

424L

Penalty for certain
offences.

 

Part VII

Winding Up

 

Chapter I

Preliminary

 

425

Modes of winding
up.

426

Liability as
contributories of present and past members.

427

Obligations of
directors, managers whose liability is unlimited.

428

Definition of
“contributory”.

429

Nature of
liability of contributory.

430

Contributories in
case of death of member.

431

Contributories in
case of insolvency of member.

432

Contributories in
case of winding up of a body corporate which is a member.

 

Chapter II

Winding up by the Court.

 

433

Circumstances in
which company may be wound up by Court.

434

Company when
deemed unable to pay its debts.

435

Transfer of
winding up proceedings to District Court.

436

Withdrawal and
transfer of winding up from one District Court to another.

437

Power of High
Court to retain winding up proceedings in District Court.

438

Jurisdiction of
High court under sections 435, 436 and 437 to be exercised at any time and at
any stage.

439

Provisions as to
applications for winding up.

439A

Statement of affairs
to he filed on winding up of a company.

440

Right to present
winding up petition where company is being wound up voluntarily or subject to
Court’s supervision.

441

Commencement of
winding up by Court.

441A

Levy and collection of
cess on turnover or gross receipts of companies.

441B

Crediting proceeds of
cess to Consolidated Fund of India.

441C

Rehabilitation Fund.

441D

Application of Fund.

441E

Power to call for
information.

441F

Penalty for
non-payment of cess.

441G

Refund of fund in
certain cases.

442

Power of Court to
stay or restrain proceedings against Company.

443

Powers of Court
on hearing petition.

444

Order for winding
up to be communicated to Official Liquidator and Registrar.

445

Copy of winding
up order to be filed with Registrar.

446

Suits stayed on
winding up order.

446A

Responsibility of
directors and officers to submit to Tribunal audited books and accounts.

447

Effect of winding
up order.

448

Appointment of
Official Liquidator.

449

Official
Liquidator to be Liquidator.

450

Appointment and
powers of provisional liquidator.

451

General provision
as to liquidators.

452

Style etc., of
liquidator.

453

Receiver not to
be appointed of assets with liquidator.

454

Statement of
affairs to be made to Official Liquidator.

455

Report by
Official Liquidator.

456

Custody of
company’s property.

457

Powers of
liquidator.

458

Discretion of
liquidator.

458A

Exclusion of
certain time in computing periods of limitation.

459

Provision for
legal assistance to liquidator.

460

Exercise and
control of liquidator’s powers.

461

Books to be kept
by liquidator.

462

Audit of
liquidator’s accounts.

463

Control of
Central Government over liquidators.

464

Appointment and
composition of committee of inspection.

465

Constitution and
proceedings of committee of inspection.

466

Power of Court to
stay winding up.

467

Settlement of
list of contributories and application of assets.

468

Delivery of
property to liquidator.

469

Payment of debts
due by contributory and extent of set-off.

470

Power of Court to
make calls.

471

Payment into bank
of moneys due to company.

472

Moneys and
securities paid into Bank to be subject to order of Court.

473

Order on
contributory to be conclusive evidence.

474

Power to exclude
creditors not proving in time.

475

Adjustment of
rights of contributories.

476

Power to order
costs.

477

Power to summon
persons suspected of having property of company. etc.

478

Power to order
public examination of promoters, directors, etc.

479

Power to arrest
absconding contributory.

480

Saving of
existing powers of Court.

481

Dissolution of
Company.


482

Order made in
any Court to be enforced by other Courts.


483

Appeals from
orders.

 

Chapter III

Voluntary winding up.

 

484

Circumstances in
which company may be wound up voluntarily.

485

Publication of
resolution to wind up voluntarily.

486

Commencement of
voluntary winding up.

487

Effect of
voluntary winding up on status of company.

488

Declaration of
solvency in case of proposal to wind up voluntarily.

489

Provisions
applicable to a members’ voluntary winding up.

490

Power of company
to appoint and fix remuneration of Liquidators.

491

Board’s powers to
cease on appointment of a liquidator.

492

Power to fill
vacancy in office of liquidator.

493

Notice of
appointment of liquidator to be given to Registrar.

494

Power of
liquidator to accept shares, etc., as consideration for sale of property fo
company.

495

Duty of
liquidator to call creditors’ meeting in case of insolvency.

496

Duty of
liquidator to call general meeting at end of each year.

497

Final meeting and
dissolution.

498

Alternative
provisions as to annual and final meetings in case of insolvency.

499

Provisions
applicable to a creditors’ voluntary winding up.

500

Meeting of
creditors.

501

Notice of
resolutions passed by creditors’ meeting to be given to Registrar.

502

Appointment of
liquidator.

503

Appointment of
committee of inspection.

504

Fixing of
liquidators’ remuneration.

505

Board’s powers to
cease on appointment of liquidator.

506

Power to fill
vacancy in office of liquidator.

507

Application of
section 494 to a creditors’ voluntary winding up.

508

Duty of
liquidator to call meetings of company and of creditors’ at the end of each
year.

509

Final meeting and
dissolution.

510

Provisions
applicable to every voluntary winding up.

511

Distribution of
property of company.

511A

Application of
section 454 to voluntary winding up.

512

Powers and duties
of liquidator in voluntary winding up.

513

Body corporate
not to be appointed as liquidator.

514

Corrupt
inducement affecting appointment as liquidator.

515

Power of Court to
appoint and remove liquidator in voluntary winding up.

516

Notice by
liquidator of his appointment.

517

Arrangement when
binding on company and creditors.

518

Power to apply to
Court to have questions determined or powers exercised.

519

Application of
Liquidator to Court for public examination of promoters, directors, etc.

520

Costs of
voluntary winding up.

521

Repealed.

Chapter IV

Winding up subject to supervision of Court.

522

Power to order
winding up subject to supervision.

523

Effect of
petition for winding up subject to supervision.

524

Power of Court
to appoint or remove liquidators.

525

Powers and
obligations of liquidator appointed by Court.

526

Effect of
supervision order.

527

Appointment in
certain cases of voluntary liquidators to office of liquidators.

 

Chapter V

Provisions applicable to every mode of
Winding up

 

528

Debts of all
descriptions to be admitted to proof.

529

Application of
insolvency rules in winding up of insolvent companies.

529A

Overriding preferential
payments.

530

Preferential
payments.

531

Fraudulent
preference.

531A

Avoidance of
voluntary transfer.

532

Transfers for
benefit of all creditors to be void.

533

Liabilities and
rights of certain fraudulently preferred persons.

534

Effect of
floating charge.

535

Disclaimer of
onerous property in case of a company which is being wound up.

536

Avoidance of
transfers, etc., after commencement of winding up.

537

Avoidance of
certain attachments, executions, etc., in winding up by or subject to
supervision of Court.

538

Offences by
officers of companies in liquidation.

539

Penalty for
falsification of books.

540

Penalty for
frauds by officers.

541

Liability where
proper accounts not kept.

542

Liability for
fraudulent conduct of business.

543

Power of Court
to assess damages against delinquent directors, etc.

544

Liability under
sections 542 and 543 to extend to partners or directors in firm or company.

545

Prosecution of
delinquent officers and members of company.

546

Liquidator to
exercise certain powers subject to sanction.

547

Notification
that a company is in liquidation.

548

Books and papers
of company to be evidence.

549

Inspection of
books and papers by creditors and contributories.

550

Disposal of
books and papers of company.

551

Information as
to pending liquidations.

552

Official
Liquidator to make payments in to the public account of India.

553

Voluntary
Liquidator to make payments into Scheduled Bank.

554

Liquidator not
to pay moneys into private banking account.

555

Unpaid dividends
and undistributed assets to be paid into the Companies liquidation Account.

556

Enforcement of
duty of liquidator to make returns, etc.

557

Meetings to
ascertain wishes of creditors or contributories.

558

Court or person
before whom affidavit may be sworn.

559

Power of Court
to declare dissolution of company void.

560

Power of
Registrar to strike defunct company off register.

 


Part VIII


Application of Act to companies formed or registered under previous
Companies Laws.



561


Application of Act to companies formed and
registered under previous companies laws.


562


Application of Act to companies registered
but not formed under previous companies laws.


563


application of Acct to unlimited companies
registered under previous companies laws.


564


Mode of transferring shares in the case of
companies registered under Acts XIX of 1857 and VII of 1860.


Part IX

Companies Authorised to register under this
Act.

 

565

Companies
capable of being registered.

566

Definition of
“Joint-stock company”.

567

Requirements for
registration of joint-stock companies.

568

Requirements for
registration of companies not being joint stock companies.

569

Authentication
of statements of existing companies.

570

Power of
Registrar to require evidence as to nature of company.

571

Notice to
customers on registration of banking company with limited liability.

572

Change of name
for purposes of registration.

573

Addition of
“Limited” or “Private Limited” to name.

574

Certificate of
registration of existing companies.

575

Vesting of
property on registration.

576

Saving for
existing liabilities.

577

Continuation of
pending legal proceedings.

578

Effect of
registration under Part.

579

Power to
substitute memorandum and articles for deed of settlement.

580

Power of Court
to stay or restrain proceedings.

581

Suits stayed on
winding up order.

581A

Definitions.

581B

Objects of Producer
Company.

581C

Formation of Producer
Company and its registration.

581D

Membership and voting
rights of Members of Producer Company.

581E

Benefits to Members.

581F

Memorandum of Producer
Company.

581G

Articles of association.

581H

Amendment of memorandum.

581I

Amendment of articles.

581J

Option to inter-State
co-operative societies to become Producer Companies.

581K

Effect of incorporation of
Producer Company.

581L

Vesting of undertaking in
Producer Company.

581M

Concession, etc., to be
deemed to have been granted to Producer Company.

581N

Provisions in respect of
officers and other employees of inter-Stale co-operative society.

581O

Number of directors.

581P

Appointment of directors.

581Q

Vacation of office by
directors.

581R

Powers and functions of
Board.

581S

Matters to be transacted at
general meeting.

581T

Liability of directors.

581U

Committee of directors.

581V

Meetings of Board and
quorum.

581W

Meetings of Board and
quorum.

581X

Secretary of Producer
Company.

581Y

Quorum.

581Z

Voting rights.

581ZA

Annual general meetings.

581ZB

Share capital.

581ZC

Special user rights.

581ZD

Transferability of shares
and attendant rights.

581ZE

Books of account.

581ZF

Internal audit.

581ZG

Duties of auditor under
this Part.

581ZH

Donations or subscription
by Producer Company.

581ZI

General and other
reserves.

581ZJ

Issue of bonus shares.

581ZK

Loan, etc., to Members.

581ZL

Investment in other
companies, formation of subsidiaries, etc.

581ZM

Penalty for contravention.

581ZN

Amalgamation, merger or
division, etc., to form new Producer Companies .

581ZO

Disputes.

581ZP

Strike off name of
Producer Company.

581ZQ

Provisions of this Part to
override other laws.

581ZR

Application of provisions
relating to private companies.

581ZS

Reconversion of Producer
Company to inter-State co-operative society.

581ZT

Power to modify Act in its
application to Producer Companies.

Part X

Winding up of Unregistered companies.

 

582

Meaning of
“unregistered company”.

583

Winding up of
unregistered companies.

584

Power to wind up
foreign companies, although dissolved.

585

Contributories
in winding up of unregistered company.

586

Power to stay or
restrain proceedings.

587

Suits, etc.,
stayed on winding up order.

588

Directions as to
property in certain cases.

589

Provisions of
Part cumulative.

590

Saving and
construction of enactments conferring power to wind up partnership, association
or company in certain cases.

 

Part XI

Companies incorporated outside India

 

591

Application of
sections 592 to 602 to foreign companies.

592

Documents etc.
,to be delivered to Registrar by foreign companies carrying on business in
India.

593

Return to be
delivered to Registrar by foreign company where documents, etc., altered.

594

Accounts of
foreign company.

595

Obligation to
state name of foreign company, whether limited, and country where incorporated.

596

Service on
foreign company.

597

Office where
documents to be delivered.

598

Penalties.

599

Company’s
failure to comply with Part not to affect its liability under contracts, etc.

600

Registration of
charges, appointment of receiver and books of account.

601

Fees for
registration of documents under Part.

602

Interpretation
of foregoing sections of Part.

603

Dating of
prospectus and particulars to be contained therein.

604

Provisions as to
expert’s consent and allotment.

605

Registration of
prospectus.

605A

Offer of Indian Depository
Receipts.

606

Penalty for
contravention of sections 603, 604 and 605.

607

Civil liability
for misstatements in prospectus.

608

Interpretation
of provisions as to prospectuses.

 

Part XII

Registration offices and officers and fees

 

609

Registration
Offices.

610

Inspection,
production and evidence of documents kept by Registrar.

610A

Admissibility of micro
films, facsimile copies of documents, computer printouts and documents on
computer media as documents and as evidence.

611

Fees in Schedule
X to be paid.

612

Fees, etc., paid
to Registrar and other officers to be accounted for to Central Government.

613

Power of Central
Government to reduce fees, charges, etc.

614

Enforcement of
duty of company to make returns,, etc., to Registrar.

614A

Power of Court
trying offences under the Act to direct the filing of documents with Registrar.

 

Part XIII

General

 

615

Power of Central
Government to direct companies to furnish information or statistics.

616

Application of
Act to insurance, banking, electricity supply and other companies governed by
special Acts.

617

Definition of
“Government Company”.

618

Government
Companies not to have managing agents.

619

Application of
sections 224 to 233 to Government Companies.

619A

Annual reports
on Government Companies.

619B

Provisions of
section 619 to apply to certain companies.

620

Power to modify
Act in relation to Government Companies.

620A

Power to modify
Act in its application to Nidhis, etc.

620B

Special
provisions as to companies in Goa, Daman and Diu.

620C

Special
provisions as to companies in Jammu and Kashmir.

621

Offences against
Act to be cognizable only on complaint by Registrar, shareholder or Government.

621A

Composition of
certain offences.

622

Jurisdiction to
try offences.

623

Certain offences
triable summarily in Presidency towns.

624

Offences to be
non-cognizable.

624A

Power to
Central Government to appoint company prosecutors.

624B

Appeal against
acquittal.

625

Payment of
compensation in case of frivolous or vexatious prosecution.

626

Application of
fines.

627

Production and
inspection of books where offences suspected.

628

Penalty for
false statements.

629

Penalty for
false evidence.

629A

Penalty where
no specific penalty is provided elsewhere in the Act.

630

Penalty for
wrongful withholding of property.

631

Penalty for
improper use of words “Limited” and “Private Limited”.

632

Power to require
limited company to give security for costs.

633

Power of Court
to grant relief in certain cases.

634

Enforcement of
orders of Courts.

634A

Enforcement of
orders of Company Law Board.

635

Enforcement of
orders of one Court by other Courts.

635A

Protection of
acts done in good faith.

635AA

Non-disclosure
of information in certain cases.

635B

Protection of
employees during investigation by inspector or pendency of proceeding before
Court in certain cases.

636

Reduction of
fees, charges, etc., payable to company.

637

Delegation by
Central Government of its powers and functions under Act.

637A

Power of
Central Government or Company Law Board to accord approval, etc., subject to
conditions and to prescribe fees on applications.

637AA

Power of
Central Government to fix a limit with regard to remuneration.

637B

Condonation of
delays in certain cases.

638

Annual report by
Central Government.

639

Repealed.

640

Validation of
registration of firms as members of charitable and other companies.

640A

Exclusion of
time required in obtaining copies of order of Court or the Company Law Board.

640B

Forms of, and
procedure in relation to certain applications.

641

Power to alter
Schedules.

642

Power of Central
Government to make rules.

643

Power of Supreme
Court to make rules.

644

Repeal of Acts
specified in Schedule XII.

645

Saving of
orders, rules, etc., in force at commencement of Act.

646

Saving of
operation of section 138 of Act 7of 1913.

647

Saving of
pending proceedings for winding up.

647A

Transfer of winding up
proceedings to Tribunal.

648

Saving of
prosecutions instituted by liquidator or Court under section 237 of Act 7 of
1913.

649

Construction of
references to former enactments in documents.

650

Repealed.

651

Construction of
references to extraordinary resolution in articles, etc.

652

Appointment
under previous companies laws to have effect as if made under Act.

653

Former
registration offices continued.

654

Registers under
previous companies laws to be deemed to be part of registers under Act.

655

Funds and
accounts under Act to be in continuation of funds and accounts under previous
companies law.

656

Saving of
incorporation under repealed Acts.

657

Saving of
certain Tables under previous companies laws.

658

Section 6 of the General
Clauses Act, 1897 to apply in addition to sections 645 to 657 of Act.

 

SCHEDULES

659.

SCHEDULE I

660.

SCHEDULE IA

661.

SCHEDULE II

662.

SCHEDULE III

663.

SCHEDULE IV

664.

SCHEDULE V

665.

SCHEDULE VI

666.


SCHEDULE VII & VIII

667.

SCHEDULE IX

668.

SCHEDULE X

669.

SCHEDULE XI

670.

SCHEDULE
XII

671.

SCHEDULEXIII

672.

SCHEDULE
XIV

673.

SCHEDULE XV

674.

THE
SCHEDULE (AMENDMENTS TO THE INSURANCE ACT, 1938)

Indian Laws – Bare Acts

MyNation

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