Please refer to schedule 5 of the new companies act, no. Name the name of the company is indepthnetwork hereinafter called the. Arrangement of sections section part i preliminary 1. Edge geo llc v geothermal energy systems pty ltd 6883. Chapter xxvii sections 407434 of the companies act, 20 ca 20 deals with the provisions related to national company law tribunal and appellate tribunal i. Regulations required in the case of an unlimited company or company limited by guarantee. And we make this solemn declaration conscientiously believing the same to be true and by virtue of the provisions of the statutory declarations act, 1971. There are changes that may be brought into force at a future date. Y section 391 is a complete code in itself and constitutes a single window clearance system. Short title, extent and commencement 1 this act may be called the limitation act, 1963. Power to compromise or make arrangements with creditors and members. Companies act, 1963, section 391 irish statute book.
Provisions of section 425 of companies act 20 aubsp. Sub section 2 of section 391 of the companies act, 20, states that the provisions of chapter xx shall apply mutatis mutandis for closure of the place of business of a foreign company in india as if it were a company incorporated in india. Section 1220 2a the statutory auditors of the clg shall prepare a separate report to the directors which. Companies code, 1963 act 179 report of the commission of enquiry into the working and administration of company law in ghana 1961 gowers report paul davies, gowers principles of company law 6th edition robert r. Nothing in this act shall affect the incorporation of any. The statutory auditors of a company shall make, in the form set out in section 336, a report to the members on all statutory financial statements laid before the members during their tenure of office. Formation of companies with charitable objects, etc. As under the old companies act 1963, the new companies act 2019, act 992 gives the registrar the power to refuse or deny registration of a company name if said name is misleading or undesirable. Section 64 of income tax act 19612017 provides for income of individual to include income of spouse, minor child, etc. At a very high level, the new act seeks to introduce improved corporate governance standards for companies operating in ghana. Section 219aa of the incometax act defines demerger as under. An act to consolidate and amend the law for the limitation of suits and other proceedings and for purposes connected therewith. This suggests that within the legislative scheme of the act, the section is confined to regulating the duties owed by persons listed under section 391.
Companies act 1963 sect 391 power of court to grant relief to officers of company. The companies act, 1963 act 179 form of annual return of a company incorporated under the companies act, 1963 as required by part m of the companies act, 1963 section 122 page 1 of 24 a registration no. Effect of provisions of former companies acts as to registration of charges on land. Notice to be given to central government for applications under sections 391.
As under the old companies act 1963, the new companies act 2019, act 992 gives the registrar the power to refuse or deny registration of. Section 425 of ca 20 provides for power to punish for contempt. Section 391 interpretation chapter 2 source taxes consolidation act 1997 section 391. Get updated information on list of recent case laws on companies act 20, recent company laws cases in india, supreme court company law case laws, securities law, company law legal database, company law case studies with solutions, etc. Y the said section gives enormous powers to the courts to sanction the scheme of arrangement or compromise. In this code, unless the context otherwise requires, the expressions defined in the first schedule hereto shall have the meanings assigned to them in that schedule. Chapter v sections 6065 of income tax act, 1961 deals with provisions related to income of other persons, included in assessees total income. Privacy statement accessibility european legislation identifier pdf open data license. Companies act 2014, section 391 irish statute book. Pursuant to section 24 of the companies code, 1963 act 179 the association has for the. Companies act 1985, section 391 is up to date with all changes known to be in force on or before 17 april 2020. Part ii incorporation of companies and matters incidental thereto ss.
Way in which and extent to which objects of company may be altered. Section 391 in the companies act, 1956 indian kanoon. Being an act to amend the companies act 1997 to reform the law relating to companies, and to. The above discover puts in section 270 to 365 of the act, 20. Companies act 2006, section 391 is up to date with all changes known to be in force on or before 23 april 2020. All you need to know about the new companies act article. Part ii incorporation of companies and matters incidental thereto 5. Section 391 section 93 of the companies code all pages.
When corporations deemed to be related to each other 6a. This differs from the corresponding provision in the old companies act 1963 which only catered for private companies. Be it enacted by parliament in the fourteenth year of the republic of india as follows. Section 92 of the same schedule determines that sections 343, 344, 346 and. Changes that have been made appear in the content and are referenced with annotations. The court noted that section 391 was placed in the section within part xii, division 1 of the companies act entitled enforcement of this act. Companies act 1963 act 179 section 1commencement spent.
Updating and uploading of all central acts available on this web page is. Prohibition of partnership exceeding twenty m embers. Section 391 interpretation chapter 2 tca 1997 s 391. The companies act, 2019 act 992 has been in the works since 2018 and replaces the companies act, 1963 act 179. The memorandum and the articles, if any, shall be delivered to the registrar of companies, and he shall retain and register them. Regarding mergers section 230 to 240 of the act, 20 administer the same. Ghana has a new companies act the companies act 2019. Construction of references in other acts to companies registered under the companies consolidation act, 1908. The argument was that section 91 of schedule 5 of the 2008 act the schedule determines that chapter 14 of the 1973 act continued to apply with respect to the windingup and liquidation of companies under the 2008 act as if the 1973 act had not been repealed. The provisions of sub sections 3 to 6 shall apply in relation to the appellate order and the appeal as they apply in relation to the original order and the application. These provisions have been brought into force on 15th december, 2016. Companies act 1963 sect 17 registration of memorandum and articles. Recently, we have discussed in detail section 424 procedure before tribunal and appellate tribunal of ca 20. Annual return of overseas company amendment of section 391.
Application of act to existing companies and savings. Registrar and offices for registration of companies. Laws of malaysia act 125 companies act 1965 arrangement of sections part i preliminary section 1. Certain companies in certain circumstances are exempt from filing financial statements with their annual return but they must file an auditors report. Government print department, 1963 corporation law 311 pages. While introducing the bill in the lok sabha, the honble finance and corporate affairs minister, nirmala sitharaman said, the bill seeks to. Company law article index company law commencement of business. Y section 391 of the companies act is surely a boon for corporate restructuring. Provisions supplementary to sections 186, 187 and 188. Power of court to grant relief to officers of company.
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