The Companies Act, 2013

Central Act · Act 18 of 2013488 provisions1,754 citing judgments

The enactment

Full text, provision by provision

Every provision below opens in full, free and without an account.

• Section 1 Short title, extent, commencement and application.5 citing judgments
• Section 2 Definitions.74 citing judgments
• Section 3 Formation of company.19 citing judgments
• Section 3A Members severally liable in certain cases.
• Section 4 Memorandum.1 citing judgment
• Section 5 Articles.3 citing judgments
• Section 6 Act to override memorandum, articles, etc.7 citing judgments
• Section 7 Incorporation of company.17 citing judgments
• Section 8 Formation of companies with charitable objects, etc.7 citing judgments
• Section 9 Effect of registration.4 citing judgments
• Section 10 Effect of memorandum and articles.11 citing judgments
• Section 10A Commencement of business, etc.1 citing judgment
• Section 12 Registered office of company.1 citing judgment
• Section 13 Alteration of memorandum.1 citing judgment
• Section 14 Alteration of articles.15 citing judgments
• Section 15 Alteration of memorandum or articles to be noted in every copy.15 citing judgments
• Section 16 Rectification of name of company.6 citing judgments
• Section 17 Copies of memorandum, articles, etc., to be given to members.1 citing judgment
• Section 18 Conversion of companies already registered.4 citing judgments
• Section 19 Subsidiary company not to hold shares in its holding company.18 citing judgments
• Section 20 Service of documents.2 citing judgments
• Section 21 Authentication of documents, proceedings and contracts.3 citing judgments
• Section 22 Execution of bills of exchange, etc.12 citing judgments
• Section 23 Public offer and private placement.2 citing judgments
• Section 24 Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.15 citing judgments
• Section 25 Document containing offer of securities for sale to be deemed prospectus.23 citing judgments
• Section 26 Matters to be stated in prospectus.2 citing judgments
• Section 27 Variation in terms of contract or objects in prospectus.7 citing judgments
• Section 28 Offer of sale of shares by certain members of company.17 citing judgments
• Section 29 Public offer of securities to be in dematerialised form.1 citing judgment
• Section 30 Advertisement of prospectus.18 citing judgments
• Section 31 Shelf prospectus.1 citing judgment
• Section 32 Red herring prospectus.3 citing judgments
• Section 33 Issue of application forms for securities
• Section 34 Criminal liability for mis-statements in prospectus.1 citing judgment
• Section 35 Civil liability for mis-statements in prospectus.2 citing judgments
• Section 36 Punishment for fraudulently inducing persons to invest money.3 citing judgments
• Section 37 Action by affected persons.2 citing judgments
• Section 38 Punishment for personation for acquisition, etc., of securities3 citing judgments
• Section 39 Allotment of securities by company.
• Section 40 Securities to be dealt with in stock exchanges.1 citing judgment
• Section 41 Global depository receipt.
• Section 42 Issue of shares on private placement basis.1 citing judgment
• Section 43 Kinds of share capital.6 citing judgments
• Section 44 Nature of shares or debentures.1 citing judgment
• Section 45 Numbering of shares2 citing judgments
• Section 46 Certificate of shares.1 citing judgment
• Section 47 Voting rights3 citing judgments
• Section 48 Variation of shareholders‘ rights1 citing judgment
• Section 49 Calls on shares of same class to be made on uniform basis.2 citing judgments
• Section 50 Company to accept unpaid share capital, although not called up.2 citing judgments
• Section 51 Payment of dividend in proportion to amount paid-up2 citing judgments
• Section 52 Application of premiums received on issue of shares.2 citing judgments
• Section 53 Prohibition on issue of shares at discount.7 citing judgments
• Section 54 Issues of sweat equity shares
• Section 55 Issue and redemption of preference shares.4 citing judgments
• Section 56 Transfer and transmission of securities.1 citing judgment
• Section 57 Punishment for personation of shareholder.
• Section 58 Refusal of registration and appeal against refusal.1 citing judgment
• Section 59 Rectification of register of members.3 citing judgments
• Section 60 Publication of authorised, subscribed and paid-up capital.3 citing judgments
• Section 61 Power of limited company to alter its share capital.1 citing judgment
• Section 62 Further issue of share capital.2 citing judgments
• Section 63 Issue of bonus shares
• Section 64 Notice to be given to Registrar for alteration of share capital.4 citing judgments
• Section 65 Unlimited company to provide for reserve share capital on conversion into limited company.
• Section 66 Reduction of share capital.2 citing judgments
• Section 67 Restrictions on purchase by company or giving of loans by it for purchase of its shares.3 citing judgments
• Section 68 Power of company to purchase its own securities.5 citing judgments
• Section 69 Transfer of certain sums to capital redemption reserve account.1 citing judgment
• Section 70 Prohibition for buy-back in certain circumstances.
• Section 71 Debentures2 citing judgments
• Section 72 Power to nominate.1 citing judgment
• Section 73 Prohibition on acceptance of deposits from public.2 citing judgments
• Section 74 Repayment of deposits, etc., accepted before commencement of this Act.2 citing judgments
• Section 75 Damages for fraud.1 citing judgment
• Section 76 Acceptance of deposits from public by certain companies.
• Section 76A Punishment for contravention of section 73 or section 76.
• Section 77 Duty to register charges, etc2 citing judgments
• Section 78 Application for registration of charge
• Section 79 Section 77 to apply in certain matters.2 citing judgments
• Section 80 Date of notice of charge.
• Section 81 Register of charges to be kept by Registrar.
• Section 82 Company to report satisfaction of charge1 citing judgment
• Section 83 Power of Registrar to make entries of satisfaction and release in absence of intimation from company.
• Section 84 Intimation of appointment of receiver or manager.
• Section 85 Company‘s register of charges.
• Section 86 Punishment for contravention.1 citing judgment
• Section 87 Rectification by Central Government in Register of charges.
• Section 88 Register of members, etc.2 citing judgments
• Section 89 Declaration in respect of beneficial interest in any share1 citing judgment
• Section 90 Register of significant beneficial owners in a Company.
• Section 91 Power to close register of members or debenture holders or other security holders1 citing judgment
• Section 92 Annual return.1 citing judgment
• Section 93 Omitted.
• Section 94 Place of keeping and inspection of registers, returns, etc.
• Section 95 Registers, etc., to be evidence.1 citing judgment
• Section 96 Annual general meeting.1 citing judgment
• Section 97 Power of Tribunal to call annual general meeting2 citing judgments
• Section 98 Power of Tribunal to call meetings of members, etc
• Section 99 Punishment for default in complying with provisions of sections 96 to 98.3 citing judgments
• Section 100 Calling of extraordinary general meeting.20 citing judgments
• Section 101 Notice of meeting.3 citing judgments
• Section 102 Statement to be annexed to notice
• Section 103 Quorum for meetings4 citing judgments
• Section 104 Chairman of meetings.
• Section 105 Proxies
• Section 106 Restriction on voting rights.1 citing judgment
• Section 107 Voting by show of hands.1 citing judgment
• Section 108 Voting through electronic means.9 citing judgments
• Section 109 Demand for poll.1 citing judgment
• Section 110 Postal ballot.1 citing judgment
• Section 111 Circulation of members‘ resolution.7 citing judgments
• Section 112 Representation of President and Governors in meetings.
• Section 113 Representation of corporations at meeting of companies and of creditors.1 citing judgment
• Section 114 Ordinary and special resolutions.1 citing judgment
• Section 115 Resolutions requiring special notice1 citing judgment
• Section 116 Resolutions passed at adjourned meeting
• Section 117 Resolutions and agreements to be filed.
• Section 118 . Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot.
• Section 119 Inspection of minute-books of general meeting
• Section 120 Maintenance and inspection of documents in electronic form.
• Section 121 Report on annual general meeting.
• Section 122 Applicability of this Chapter to One Person Company1 citing judgment
• Section 123 Declaration of dividend1 citing judgment
• Section 124 Unpaid Dividend Account1 citing judgment
• Section 125 Investor Education and Protection Fund.7 citing judgments
• Section 126 Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares.1 citing judgment
• Section 127 Punishment for failure to distribute dividends.3 citing judgments
• Section 128 Books of account, etc., to be kept by company
• Section 129 Financial statement.1 citing judgment
• Section 129A Periodical financial results.
• Section 130 Re-opening of accounts on court‘s or Tribunal‘s orders1 citing judgment
• Section 131 Voluntary revision of financial statements or Board‘s report1 citing judgment
• Section 132 Constitution of National Financial Reporting Authority1 citing judgment
• Section 133 Central Government to prescribe accounting standards1 citing judgment
• Section 134 Financial statement, Board‘s report, etc.1 citing judgment
• Section 135 Corporate Social Responsibility4 citing judgments
• Section 136 Right of member to copies of audited financial statement
• Section 137 Copy of financial statement to be filed with Registrar2 citing judgments
• Section 138 Internal Audit.6 citing judgments
• Section 139 Appointment of auditors
• Section 140 Removal, resignation of auditor and giving of special notice.1 citing judgment
• Section 141 Eligibility, qualifications and disqualifications of auditors.3 citing judgments
• Section 142 Remuneration of auditors.1 citing judgment
• Section 143 Powers and duties of auditors and auditing standards.5 citing judgments
• Section 144 Auditor not to render certain services.
• Section 145 Auditor to sign audit reports, etc.
• Section 146 Auditors to attend general meeting.1 citing judgment
• Section 147 Punishment for contravention.1 citing judgment
• Section 148 Central Government to specify audit of items of cost in respect of certain companies.2 citing judgments
• Section 149 Company to have Board of Directors4 citing judgments
• Section 150 Manner of selection of independent directors and maintenance of data bank of independent directors.
• Section 151 Appointment of director elected by small shareholders.2 citing judgments
• Section 152 Appointment of directors
• Section 153 Application for allotment of Director Identification Number.2 citing judgments
• Section 154 Allotment of Director Identification Number.
• Section 155 Prohibition to obtain more than one Director Identification Number.2 citing judgments
• Section 156 Director to intimate Director Identification Number
• Section 157 Company to inform Director Identification Number to Registrar.
• Section 158 Obligation to indicate Director Identification Number.
• Section 159 Penalty for default of certain provisions4 citing judgments
• Section 160 Right of persons other than retiring directors to stand for directorship.2 citing judgments
• Section 161 Appointment of additional director, alternate director and nominee director.1 citing judgment
• Section 162 Appointment of directors to be voted individually.8 citing judgments
• Section 163 Option to adopt principle of proportional representation for appointment of directors.2 citing judgments
• Section 164 Disqualifications for appointment of director.310 citing judgments
• Section 165 Number of directorships.2 citing judgments
• Section 166 Duties of directors.1 citing judgment
• Section 167 Vacation of office of director.2 citing judgments
• Section 168 Resignation of director.15 citing judgments
• Section 169 Removal of directors3 citing judgments
• Section 170 Register of directors and key managerial personnel and their shareholding.1 citing judgment
• Section 171 Members‘ right to inspect.1 citing judgment
• Section 172 Penalty.1 citing judgment
• Section 173 Meetings of Board.
• Section 174 Quorum for meetings of Board
• Section 175 Passing of resolution by circulation1 citing judgment
• Section 176 Defects in appointment of directors not to invalidate actions taken
• Section 177 Audit committee.1 citing judgment
• Section 178 Nomination and Remuneration Committee and Stakeholders Relationship Committee.
• Section 179 Powers of Board.1 citing judgment
• Section 180 Restrictions on powers of Board.1 citing judgment
• Section 181 Company to contribute to bona fide and charitable funds, etc.
• Section 182 Prohibitions and restrictions regarding political contributions
• Section 183 Power of Board and other persons to make contributions to national defence fund, etc.
• Section 184 Disclosure of interest by director.1 citing judgment
• Section 185 Loan to directors, etc
• Section 186 Loan and investment by company1 citing judgment
• Section 187 Investments of company to be held in its own name.1 citing judgment
• Section 188 Related party transactions.1 citing judgment
• Section 189 Register of contracts or arrangements in which directors are interested1 citing judgment
• Section 190 Contract of employment with managing or whole-time directors
• Section 191 Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares.
• Section 192 Restriction on non-cash transactions involving directors.1 citing judgment
• Section 193 Contract by One Person Company.3 citing judgments
• Section 196 Appointment of managing director, whole-time director or manager.1 citing judgment
• Section 197 Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits.
• Section 198 Calculation of profits
• Section 199 Recovery of remuneration in certain cases