[ Effective from 12th September, 2013 except sub-section ( 6 )] [ Sub-section ( 6) is effective from 1st April, 2014] (1) Every company making public offer shall, before making such offer, make an application to one or more recognised stock exchange or exchanges and obtain permission for the securities to be dealt with in ⦠Such arrangements shall require prior approval by a resolution in general meeting and if the director or connected person is a director of its holding company, approval is required to be obtained by passing special resolution in general meeting of the ⦠(2) The provisions of this Act, except sections 6, 7 and 8, clauses (i), (iii) and clause (iv) of section 14, sections 20 and 21, section 31, sections 33, 34 and 35, sections 37 and 38 shall be deemed to have come into force on the 2nd day of November, 2018. The Companies Act 71 of 2008 aims: to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of foreign companies carrying on business within the Republic; Section 6. Companies Act- Section 2(6)- Associate Company Review of the definition - Associate Company. Section 7B. The CIPC can issue guidance to the public by issuing explanatory notices outlining its procedures or publishing non-binding opinions on the interpretation of any provisions of the Act in terms of section 188(2)(b) of the Companies Act, 2008. Companies Act 2006, Section 177 is up to date with all changes known to be in force on or before 28 November 2020. Section - 6. The CIPC released the following additional information to assist in the application and implementation of the Companies Act. Subs by Act 65 of 1960, s. 4, for s. 6. Section 7-Saving of Equity and Common Law where no appeal has been preferred to the Tribunal under sub-section (4) or where such. 2 (41) Application for change in financial year: NCLT-1 (Within 3 months from the date of passing special resolution) 5000/-1.Copy of the memorandum and articles of association 2. THE COMPANIES ACT 2001 (Act No. Note on section 340 of the Act Section 340 of the Act states that every former-Act company shall within two years after the commencement date of the Act (i.e., 15th April 1997) apply to ⦠When corporations deemed to be related to each other Section 6A.Interests in shares PART II ADMINISTRATION OF ACT Section 7. Meaning of ârelativeâ as defined in Section 6 of The Companies Act, 1956 A person shall be deemed to be a relative of another if, and only if, (a) they are members of a Hindu undivided family, or (b) they are husband and wife, or (c) the one is related to the other in the manner indicated in *Schedule IA. prescribed, shall take inter-corporate loan or deposits exceeding the prescribed limit and. of 2001) 14 May 2001 _____ ARRANGEMENT OF SECTIONS Section PART I â PRELIMINARY 1. SECURITIES TO BE DEALT WITH IN STOCK EXCHANGES. Registrar of Companies, etc. Section 6, Companies Act 2006 Practical Law Primary Source 6-631-0121 (Approx. Section - 8. There are changes that may be brought into force at a future date. 2. 81:01 3 LAWS OF TRINIDAD AND TOBAGO L.R.O. Section 7A. (1) References in any Act, other than this Act, to a company formed and registered, or registered, under the Companies (Consolidation) Act 1908 or the Act of 1963 shall, unless the contrary intention appears, be read as references to a company formed and registered, or registered, under whichever of those Acts is appropriate or this Act. Section 6 in The Companies Act, 1956 1. In case of Government company, in clause (a) of sub-section (6) of Section 149, for the word "Board", the words "Ministry or Department of the Central Government which is administratively in charge of the company, or, as the case may be, the State Government" shall be substituted. Meaning of âholding companyâ and âsubsidiaryâ 4. Section 6-Companies formed for Special Purposes Nothing in this Code shall abrogate or affect any special legislation relating to companies carrying on the business of banking, insurance or any other business from time to time subject to special regulation. Repayment of deposits, etc accepted before commencement of Companies Act, 2013 Section 58A(6) Penalty on the company for accepting or inviting deposits in contravention to the rules made by the Central Government List of Relative, As per Schedule 1A :-1. (a) subsection (6) ârelevant sharesâ, in relation to a company, means shares in the company other than shares which as respects dividends and capital carry a right ⦠Meaning of ârelativeâ as per Companies Act, 2013 A person shall be deemed to be a relative of another if,- (a) They are members of a Hindu undivided family; or (b) They are husband and wife; or (c) The one is related to the other in the manner indicated below . Fees: Enclosures of the Petition: 1: Sec. Subs by Act 31 of 1988, s. 3 (w. e. f. 15. Meaning of âcontrolâ 6. Title: Microsoft Word - ~1889109.docx This section provides for the manner in respect of regulation of arrangements with respect to acquisition of assets for consideration other than cash. Query on Section 149 (6) of companies act 2013 - LAW. Changes that have been made appear in the content and are referenced with annotations. such company shall furnish in its financial statement the details of the loan or deposits. When corporations deemed to be related to each other. 1988 ). Power to conduct inspection. Companies Chap. Limited Liability Company Act Subchapter I. For the removal of doubts, it is hereby declared that notwithstanding anything contained in section 6 of the Companies (Amendment) Act, 1969 (17 of 1969 ), this clause shall remain, and shall be deemed always to have remained, in force;] any debenture or loan or any part thereof shall be converted into shares in a company and. Power of Minister to exempt from payment of fees. Singapore- Section 145 (1) of Singaporean Companies Act provides that every company shall have at least one director ordinarily resident in Singapore. appeal has been dismissed, the memorandum of such company shall, where such order has 7. in the case where the transaction or proposed transaction has been or will be made with or for the benefit of or on behalf of a corporation which by virtue of section 6 is deemed to be related to the company â that he is a director or chief executive officer (as the case may be) of that corporation, Meaning of âsolvency testâ 7. 07 February 2015 as per sec 149 (6) none of whose relatives has or had pecuniary relationship or transaction with the company, its holding, subsidiary or associate company, or their promoters, or Incorporation of company. Power to call for examination. What are the duties of a promoter under the Companies Act 2019, Act 992? Formation of companies with charitable objects, etc. Power of Minister to exempt from payment of fees Section 7B. A company must have (d) 1 or ⦠Section 7D. Interests in shares. (6) Where a person has had a third or subsequent order made against him under section 13 or 399 and by virtue of the operation of this section that person is disqualified from being a director or promoter of or from being in any way directly or indirectly concerned or taking part in the management of a company, nothing in this section shall be construed as preventing that person from complying with the order of ⦠Ctrl + Alt + T to open/close. (6) No company, which is registered under section 12 of the Securities and Exchange. Short title 2. ⦠Section 6A. Power to conduct investigation. New Zealandâ Section 10(d) of Companies Act, 1993 provides as follows. Additional Information. 2. 6. â (1) A company registered as a public limited company on its original incorporation shall not do business or exercise any borrowing powers unless the registrar of companies has issued it with a certificate under this section or the company is re-registered as another form of company. General Provisions § 18-101 Definitions. Registrar of Companies, etc. Under the Companies Act 2019, Act 992, any one or more persons may register a company (Section 6, Act 992) as long as said person or group of persons is above 18 years (Section 12, Act 992). Companies Act 2006, Section 6 is up to date with all changes known to be in force on or before 25 November 2020. Board of India Act, 1992 and covered under such class or classes of companies as may be. - ⦠6. Section 7C. 1 page) Ask a question Section 6, Companies Act 2006 Toggle Table of Contents Table of Contents. Interpretation 3. Meaning of close relative according to the Section 6 of the Companies Act, 1956:-A person shall be deemed to be a relative of another if, and only if,-they are members of a Hindu undivided family; or; they are husband and wife; or; the one is related to the other in the manner indicated in Schedule IA.] (2) Subsection (1) applies despite section 26 (2) (f) of the ⦠CIPC. Inevitably, in terms of the creditor friendly approach the prospect of corporate rescue thinking does not exist and the emphasis is on liquidation and protection of the rights of creditors. Links to this primary source; Content referring to this primary source; There are changes that may be brought into force at a future date. As used in this chapter unless the context otherwise requires: PRELIMINARY (Sections 1-2) Section 1: Short title, extent, commencement and application. Act to override memorandum, articles, etc. (6) Where the Government has, by an order made under sub-section (4), directed that. Section 7A. 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