CS Executive Company Law
Company Law (As amended by Companies (Amendment) Act, 2015) in about 4 volumes (with FREE CD) (Volumes 1 & 2 Released)

Company Law (As Amended By Companies (Amendment) Act, 2015) In About 4 Volumes (With Free Cd) (Volumes 1 & 2 Released)

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Overview of Company Law (As Amended By Companies (Amendment) Act, 2015) In About 4 Volumes (With Free Cd) (Volumes 1 & 2 Released)

Company law (as amended by companies (amendment) act, 2015) in about 4 volumes (with free cd) (volumes 1 & 2 released)

Contributors & Book Details of Company Law (As Amended By Companies (Amendment) Act, 2015) In About 4 Volumes (With Free Cd) (Volumes 1 & 2 Released)

Author K.M. Ghosh & Dr. K.R. Chandratre
Publisher Bharat Law House Pvt. Ltd
Publication Year 15th edn., 2015-16
Language English
Number of pages 1752
ISBN-13 978-81-7737-244-1
ISBN-10 978-81-7737-244-1

Table of contents


1. Short title, extent, commencement and application

2. Definitions

(1) "abridged prospectus"

(2) "accounting standards"

(3) "alter" or "alteration"

(4) "Appellate Tribunal"

(5) "articles"

(6) "associate company"

(7) "auditing standards"

(8) "authorised capital" or "nominal capital"

(9) "banking company"

(10) "Board of Directors" or "Board"

(11) "body corporate" or "corporation"

(12) "book and paper" and "book or paper"

(13) "books of account"

(14) "branch office"

(15) "called-up capital"

(16) "charge"

(17) "chartered accountant"

(18) "Chief Executive Officer"

(19) "Chief Financial Officer"

(20) "company"

(21) "company limited by guarantee"

(22) "company limited by shares"

(23) "Company Liquidator"

(24) "company secretary" or "secretary"

(25) "company secretary in practice"

(26) "contributory"

(27) "control"

(28) "cost accountant"

(29) "court"

(30) "debenture"

(31) "deposit"

(32) "depository"

(33) "derivative"

(34) "director"

(35) "dividend"

(36) "document"

(37) "employees' stock option"

(38) "expert"

(39) "financial institution"

(40) "financial statement"

(41) "financial year"

(42) "foreign company"

(43) "free reserves"

(44) "Global Depository Receipt"

(45) "Government company"

(46) "holding company"

(47) "independent director"

(48) "Indian Depository Receipt"

(49) "interested director"

(50) "issued capital"

(51) "key managerial personnel"

(52) "listed company"

(53) "manager"

(54) "managing director"

(55) "member"

(56) "memorandum"

(57) "net worth"

(58) "notification"

(59) "officer"

(60) "officer who is in default"

(61) "Official Liquidator"

(62) "One Person Company"

(63) "ordinary or special resolution"

(64) "paid-up share capital" or "share capital paid-up"

(65) "postal ballot"

(66) "prescribed"

(67) "previous company law"

(68) "private company"

(69) "promoter"

(70) "prospectus"

(71) "public company"

(72) "public financial institution"

(73) "recognised stock exchange"

(74) "register of companies"

(75) "Registrar"

(76) "related party"

(77) "relative"

(78) "remuneration"

(79) "Schedule"

(80) "scheduled bank"

(81) "securities"

(82) "Securities and Exchange Board"

(83) "Serious Fraud Investigation Office"

(84) "share"

(85) "small company"

(86) "subscribed capital"

(87) "subsidiary company" or "subsidiary"

(88) "sweat equity shares"

(89) "total voting power"

(90) "Tribunal"

(91) "turnover"

(92) "unlimited company"

(93) "voting right"

(94) "whole-time director"

(95) Words defined in Allied Acts


3. Formation of company

4. Memorandum


6. Act to override memorandum, articles, etc.

7. Incorporation of company

8. Formation of companies with charitable objects, etc.

9. Effect of registration

10. Effect of memorandum and articles

11.Commencement of business, etc

12. Registered office of company

13. Alteration of memorandum

14. Alteration of articles

15. Alteration of memorandum or articles to be noted in every copy

16. Rectification of name of company

17. Copies of memorandum, articles, etc., to be given to members

18. Conversion of companies already registered

19.Subsidiary company not to hold shares in its holding company

20. Service of documents

21. Authentication of documents, proceedings and contracts

22. Execution of bills of exchange, etc.


PART I.—Public offer

23. Public offer and private placement

24.Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.

25. Document containing offer of securities for sale to be deemed prospectus

26. Matters to be stated in prospectus

27. Variation in terms of contract or objects in prospectus

28. Offer of sale of shares by certain members of company

29. Public offer of securities to be in dematerialised form

30. Advertisement of prospectus

31. Shelf prospectus

32. Red herring prospectus

33. Issue of application forms for securities

34.Criminal liability for mis-statements in prospectus

35. Civil liability for mis-statements in prospectus

36.Punishment for fraudulently inducing persons to invest money

37. Action by affected persons

38. Punishment for personation for acquisition, etc., of securities

39. Allotment of securities by company

40.Securities to be dealt with in stock exchanges

41.Global depository receipt

PART II.—Private placement

42.Offer or invitation for subscription of securities on private placement


43. Kinds of share capital

44. Nature of shares or debentures

45.Numbering of shares

46.Certificate of shares

47.Voting rights

48.Variation of shareholders' rights

49. Calls on shares of same class to be made on uniform basis

50.Company to accept unpaid share capital, although not called up

51. Payment of dividend in proportion to amount paid-up

52.Application of premiums received on issue of shares

53.Prohibition on issue of shares at discount

54. Issue of sweat equity shares

55. Issue and redemption of preference shares

56.Transfer and transmission of securities

57.Punishment for personation of shareholder

58.Refusal of registration and appeal against refusal

59.Rectification of register of members

60.Publication of authorised, subscribed and paid-up capital

61. Power of limited company to alter its share capital

62. Further issue of share capital

63. Issue of bonus shares

64.Notice to be given to Registrar for alteration of share capital

65. Unlimited company to provide for reserve share capital on conversion into limited company

66. Reduction of share capital

67. Restrictions on purchase by company or giving of loans by it for purchase of its shares

68. Power of company to purchase its own securities

69. Transfer of certain sums to capital redemption reserve account

70. Prohibition for buy-back in certain circumstances


72.Power to nominate

CHAPTER V ACCEPTANCE OF DEPOSITS BY COMPANIES73.Prohibition on acceptance of deposits from public

74.Repayment of deposits, etc., accepted before commencement of this Act

75.Damages for fraud

76.Acceptance of deposits from public by certain companies

76A. Punishment for contravention of section 73 or section 76


77. Duty to register charges, etc.

78. Application for registration of charge

79.Section 77 to apply in certain matters

80.Date of notice of charge

81.Register of charges to be kept by Registrar

82.Company to report satisfaction of charge

83. Power of Registrar to make entries of satisfaction and release in absence of intimation from company

84.Intimation of appointment of receiver or manager

85. Company's register of charges

86.Punishment for contravention

87.Rectification by Central Government in register of charges


88. Register of members, etc.

89. Declaration in respect of beneficial interest in any share

90.Investigation of beneficial ownership of shares in certain cases

91. Power to close register of members or debenture holders or other security holders

92. Annual return

93.Return to be filed with Registrar in case promoters' stake changes

94.Place of keeping and inspection of registers, returns, etc

95.Registers, etc., to be evidence

96.Annual general meeting

97.Power of Tribunal to call annual general meeting

98.Power of Tribunal to call meetings of members, etc

99.Punishment for default in complying with provisions of sections 96 to 98

100. Calling of extraordinary general meeting

101.Notice of meeting

102.Statement to be annexed to notice

103.Quorum for meetings

104.Chairman of meetings


106.Restriction on voting rights

107. Voting by show of hands

108. Voting through electronic means

109. Demand for poll

110. Postal ballot

111.Circulation of members' resolution

112. Representation of President and Governors in meetings

113. Representation of corporations at meeting of companies and of creditors

114. Ordinary and special resolutions

115. Resolutions requiring special notice

116. Resolutions passed at adjourned meeting

117. Resolutions and agreements to be filed

118. Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot

119. Inspection of minute-books of general meeting

120. Maintenance and inspection of documents in electronic form

121. Report on annual general meeting

122. Applicability of this Chapter to One Person Company


123. Declaration of dividend

124. Unpaid Dividend Account

125. Investor Education and Protection Fund

126. Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares

127. Punishment for failure to distribute dividends


128. Books of account, etc., to be kept by company

129. Financial statement

130. Re-opening of accounts on court's or Tribunal's orders

131. Voluntary revision of financial statements or Board’s report

132. Constitution of National Financial Reporting Authority

133. Central Government to prescribe accounting standards

134. Financial Statement, Board's report, etc.

135. Corporate Social Responsibility

136. Right of member to copies of audited financial statement

137. Copy of financial statement to be filed with Registrar

138. Internal Audit


139. Appointment of auditors

140. Removal, resignation of auditor and giving of special notice

141. Eligibility, qualifications and disqualifications of auditors

142. Remuneration of auditors

143. Powers and duties of auditors and auditing standards

144. Auditor not to render certain services

145. Auditors to sign audit reports, etc

146. Auditors to attend general meeting

147. Punishment for contravention

148. Central Government to specify audit of items of cost in respect of certain companies


149. Company to have Board of Directors

150. Manner of selection of independent directors and maintenance of data bank of independent directors

151. Appointment of director elected by small shareholders

152. Appointment of directors

153. Application for allotment of Director Identification Number

154. Allotment of Director Identification Number

155. Prohibition to obtain more than one Director Identification Number

156. Director to intimate Director Identification Number

157. Company to inform Director Identification Number to Registrar

158. Obligation to indicate Director Identification Number

159. Punishment for contravention

160. Right of persons other than retiring directors to stand for directorship

161. Appointment of additional director, alternate director annominee director

162. Appointment of directors to be voted individually

163. Option to adopt principle of proportional representation for appointment of directors

164. Disqualifications for appointment of director

165. Number of directorships

166. Duties of directors

167. Vacation of office of director

168. Resignation of director

169. Removal of directors

170. Register of directors and key managerial personnel and their shareholding

171. Members' right to inspect

172. Punishment


173. Meetings of Board

174. Quorum for meetings of Board

175. Passing of resolution by circulation

176. Defects in appointment of directors not to invalidate actions taken

177. Audit committee

178. Nomination and remuneration committee and stakeholders relationship committee

179. Powers of Board

180. Restrictions on powers of Board

181. Company to contribute to bona fide and charitable funds, etc

182. Prohibitions and restrictions regarding political contributions

183. Power of Board and other persons to make contributions to national defence fund, etc.

184. Disclosure of interest by director

185. Loan to directors, etc.

186. Loan and investment by company

187. Investments of company to be held in its own name

188. Related party transactions

189. Register of contracts or arrangements in which directors are interested

190. Contract of employment with managing or whole-time directors

191. Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares

192. Restriction on non-cash transactions involving directors

193. Contract by One Person Company

Reviews of Company Law (As Amended By Companies (Amendment) Act, 2015) In About 4 Volumes (With Free Cd) (Volumes 1 & 2 Released)

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