Section – 187, Companies Act, 2013 Investments of company to be held in its own name. 187. (1) All investments made or held by a company in any property, security or other asset shall be made and held by it in its own name: Provided that the company may hold any shares in its subsidiary company in…...
Loan and investment by company. Section – 186, Companies Act, 2013
Section – 186, Companies Act, 2013 Loan and investment by company. 186.(1) Without prejudice to the provisions contained in this Act, a company shall unless otherwise prescribed, make investment through not more than two layers of investment companies: Provided that the provisions of this sub-section shall not affect,— (i) a company from acquiring any other company…...
Disclosure of interest by director. Section – 184, Companies Act, 2013
Section – 184, Companies Act, 2013 Disclosure of interest by director. 184. (1) Every director shall at the first meeting of the Board in which he participates as a director and thereafter at the first meeting of the Board in every financial year or whenever there is any change in the disclosures already made, then at…...
Power of Board and other persons to make contributions to national defence fund, etc. Section – 183, Companies Act, 2013
Section – 183, Companies Act, 2013 Power of Board and other persons to make contributions to national defence fund, etc. 183. (1) The Board of Directors of any company or any person or authority exercising the powers of the Board of Directors of a company, or of the company in general meeting, may, notwithstanding anything contained…...
Prohibitions and restrictions regarding political contributions. Section – 182, Companies Act, 2013
Section – 182, Companies Act, 2013 Prohibitions and restrictions regarding political contributions. 182. (1) Notwithstanding anything contained in any other provision of this Act, a company, other than a Government company and a company which has been in existence for less than three financial years, may contribute any amount directly or indirectly to any political party: …...
Company to contribute to bona fide and charitable funds, etc. Section – 181, Companies Act, 2013
Section – 181, Companies Act, 2013 Company to contribute to bona fide and charitable funds, etc. 181. The Board of Directors of a company may contribute to bona fide charitable and other funds: Provided that prior permission of the company in general meeting shall be required for such contribution in case any amount the aggregate of which, in any financial year,…...
Restrictions on powers of Board. Section – 180, Companies Act, 2013
Section – 180, Companies Act, 2013 Restrictions on powers of Board. 180.(1) The Board of Directors of a company shall exercise the following powers only with the consent of the company by a special resolution, namely:— (a) to sell, lease or otherwise dispose of the whole or substantially the whole of the undertaking of the company…...
Powers of Board . Section – 179, Companies Act, 2013
Section – 179, Companies Act, 2013 Powers of Board . 179. (1) The Board of Directors of a company shall be entitled to exercise all such powers, and to do all such acts and things, as the company is authorised to exercise and do: Provided that in exercising such power or doing such act or thing, the Board…...
Duties of directors . Section – 166, Companies Act, 2013
Section – 166, Companies Act, 2013 Duties of directors . 166. (1) Subject to the provisions of this Act, a director of a company shall act in accordance with the articles of the company. (2) A director of a company shall act in good faith in order to promote the objects of the company for the benefit…...
Nomination and Remuneration Committee and Stakeholders Relationship Committee. Section – 178, Companies Act, 2013
Section – 178, Companies Act, 2013 Nomination and Remuneration Committee and Stakeholders Relationship Committee. 178. (1) The Board of Directors of and such other class or classes of companies, as may be prescribed shall constitute the Nomination and Remuneration Committee consisting of three or more non-executive directors out of which not less than one…...