Section - 248, Companies Act, 2013 CHAPTER XVIII REMOVAL OF NAMES OF COMPANIES FROM THE REGISTER OF COMPANIES Power of Registrar to remove name of company from register of companies. 248. (1) Where the Registrar has reasonable cause to believe that— (a) a company has failed to commence its business within one year of its incorporation; …...
Valuation by registered valuers. Section – 247, Companies Act, 2013
CHAPTER XVII REGISTERED VALUERS Valuation by registered valuers. 247. (1) Where a valuation is required to be made in respect of any property, stocks, shares, debentures, securities or goodwill or any other assets (herein referred to as the assets) or net worth of a company or its liabilities under the provision of this Act, it shall…...
Class action. Section – 245, Companies Act, 2013
Section - 245, Companies Act, 2013 Class action. 245. (1) Such number of member or members, depositor or depositors or any class of them, as the case may be, as are indicated in sub-section (2) may, if they are of the opinion that the management or conduct of the affairs of the company are being conducted…...
Right to apply under . Section – 244, Companies Act, 2013
Section - 244, Companies Act, 2013 Right to apply under . 244. (1) The following members of a company shall have the right to apply under , namely:— (a) in the case of a company having a share capital, not less than one hundred members of the company or not less than one-tenth of the total number…...
Powers of Tribunal. Section – 242, Companies Act, 2013
Section - 242, Companies Act, 2013 Powers of Tribunal. 242. (1) If, on any application made under section 241, the Tribunal is of the opinion— (a) that the company's affairs have been or are being conducted in a manner prejudicial or oppressive to any member or members or prejudicial to public interest or in a manner prejudicial…...
Application to Tribunal for relief in cases of oppression, etc. Section – 241, Companies Act, 2013
Section - 241, Companies Act, 2013 CHAPTER XVI PREVENTION OF OPPRESSION AND MISMANAGEMENT Application to Tribunal for relief in cases of oppression, etc. 241. (1) Any member of a company who complains that— (a) the affairs of the company have been or are being conducted in a manner prejudicial to public interest or in a manner prejudicial or oppressive…...
Liability of officers in respect of offences committed prior to merger, amalgamation, etc. Section – 240, Companies Act, 2013
Section - 240, Companies Act, 2013 Liability of officers in respect of offences committed prior to merger, amalgamation, etc. 240. Notwithstanding anything in any other law for the time being in force, the liability in respect of offences committed under this Act by the officers in default, of the transferor company prior to its merger, amalgamation…...
Preservation of books and papers of amalgamated companies. Section – 239, Companies Act, 2013
Section - 239, Companies Act, 2013 Preservation of books and papers of amalgamated companies. 239. The books and papers of a company which has been amalgamated with, or whose shares have been acquired by, another company under this Chapter shall not be disposed of without the prior permission of the Central Government and before granting such…...
Registration of offer of schemes involving transfer of shares. Section – 238, Companies Act, 2013
Section - 238, Companies Act, 2013 Registration of offer of schemes involving transfer of shares. 238. (1) In relation to every offer of a scheme or contract involving the transfer of shares or any class of shares in the transferor company to the transferee company under section 235,— (a) every circular containing such offer and recommendation…...
Power of Central Government to provide for amalgamation of companies in public interest . Section – 237, Companies Act, 2013
Section - 237, Companies Act, 2013 Power of Central Government to provide for amalgamation of companies in public interest . 237. (1) Where the Central Government is satisfied that it is essential in the public interest that two or more companies should amalgamate, the Central Government may, by order notified in the Official Gazette, provide for the…...