The Maharashtra Non-trading Corporations Act
State Act of Maharashtra · Act 26 of 195994 provisions
The enactment
| Long title | An Act to provide for the incorporation, regulation and winding up of non-trading corporations whose objects are confined to the State of Bombay. |
|---|---|
| Type | Act |
| Citation | Act 26 of 1959 |
| Year | 1959 |
| Jurisdiction | State of Maharashtra |
| Ministry | Govt of Maharashtra |
| Status | In force as published by the source |
| Provisions published | 94 |
Full text, provision by provision
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- Section 2 Definitions
- Section 3 Amended by Mah. 24 of 2012 (22-8-2012) Note
- Section 4 Act to override memorandum, articles, etc
- Section 5 Mode of forming corporations
- Section 6 Requirements with respect to memorandum
- Section 7 Alteration of memorandum
- Section 8 Articles prescribing regulations for corporations
- Section 9 Alteration of articles
- Section 10 Alteration of memorandum and articles to be registered
- Section 11 Corporations not to be registered with undesirable names
- Section 12 Change of name by corporations
- Section 13 Rectification of name of corporations
- Section 14 Registration of change of name and effect thereof
- Section 15 Registration of memorandum and articles
- Section 16 Effect of registration
- Section 17 Conclusiveness of certificate of incorporation
- Section 18 Effect of registration of memorandum and articles
- Section 19 Effect of alteration in memorandum or articles
- Section 20 Amalgamation or division of corporations
- Section 21 Register of members
- Section 22 Power of Registrar to rectify register of members
- Section 23 Directors
- Section 24 General powers of Board
- Section 25 Restrictions on powers of Board
- Section 26 Annual general meeting
- Section 27 Power of State Government to call annual general meeting
- Section 28 Registration of certain resolutions
- Section 29 Minutes of proceedings of general meetings and of Board and other meetings
- Section 30 Minutes to be evidence
- Section 31 Presumptions to be drawn where minutes duly drawn and signed
- Section 32 Inspection of minutes books of general meetings
- Section 33 Books of accounts to be kept by corporations
- Section 34 Annual accounts and balance sheet
- Section 35 Right of members to copies of balance sheet and auditors’ report
- Section 36 Three copies of balance sheet, etc. to be filed with Registrar
- Section 37 Appointment of auditors
- Section 38 Powers and duties of auditors
- Section 39 Form of contracts
- Section 40 Investment of corporation to be held in its own name
- Section 41 Power for corporations to refer matters to arbitration
- Section 42 Modes of winding up
- Section 43 Circumstances in which corporation may be wound up voluntarily
- Section 44 Effect of voluntary winding up on status of corporation
- Section 45 Declaration of solvency in case of proposal to wind up voluntarily
- Section 46 Corporation to appoint and fix remuneration of liquidators
- Section 47 Board’s powers to cease on appointment of liquidator
- Section 48 Powers and duties of liquidator
- Section 49 Final meeting and dissolution
- Section 50 Winding up by Registrar
- Section 51 Cancellation of registration
- Section 52 Power of Registrar to assess damage against delinquent promoters, etc
- Section 53 Bar of suit in winding up and dissolution matters
- Section 54 Disposal of surplus assets
- Section 55 Power to enforce attendance, etc
- Section 56 Appeals
- Section 57 Money how recovered
- Section 58 Liability as contributories of present and past members
- Section 59 Obligations of directors whose liability is unlimited
- Section 60 Contributory and nature of his liability
- Section 61 Power of Registrar to call for information
- Section 62 Special audit by Registrar
- Section 63 Investigation of affairs of corporation
- Section 64 Production of documents and evidence
- Section 65 Prosecution
- Section 66 Inspection, production, and evidence of documents kept by Registrar
- Section 67 Meaning of officer who is in default
- Section 68 Penalty for contravention of section 13
- Section 69 Penalty for contravention of section 26 or 27
- Section 70 Penalty for contravention of section 28
- Section 71 Penalty for contravention of section 29
- Section 72 Penalty for contravention of section 32
- Section 73 Penalty for contravention of section 33
- Section 74 Penalty for contravention of section 34
- Section 75 Penalty for contravention of section 35
- Section 76 Penalty for contravention of section 36
- Section 77 Penalty for contravention of section 38
- Section 78 Penalty for contravention of section 40
- Section 79 Penalty for contravention of section 45
- Section 80 Penalty for contravention of section 49
- Section 81 Penalty for contravention of section 61
- Section 82 Penalty for false statement
- Section 83 Penalty for wrongful withholding of property
- Section 84 Members guilty of offences punishable as strangers
- Section 85 Penalty for contravention not provided for
- Section 86 Offences against Act to be cognizable only on complaint by Registrar, member or State Government
- Section 87 Jurisdiction to try offences
- Section 88 Offences to be non-cognizable
- Section 89 Prohibition for borrowing money, etc
- Section 90 Application of assets in furtherance of objects
- Section 91 Copies to be furnished to members
- Section 92 Recovery of sums due to State Government
- Section 93 Rules
- Section 94 Indian Companies Act, 1913 to cease to apply to corporations
- Section 95 Saving
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