Section - 129A, Companies Act, 2013 [Periodical financial results. 129A. The Central Government may, require such class or classes of unlisted companies, as may be prescribed,— (a) to prepare the financial results of the company on such periodical basis and in such form as may be prescribed; (b) to obtain approval of the Board of Directors…...
Financial statement. Section – 129, Companies Act, 2013
Section - 129, Companies Act, 2013 Financial statement. 129. (1) The financial statements shall give a true and fair view of the state of affairs of the company or companies, comply with the accounting standards notified under section 133 and shall be in the form or forms as may be provided for different class or classes…...
Books of account, etc., to be kept by company. Section – 128, Companies Act, 2013
Section - 128, Companies Act, 2013 CHAPTER IX ACCOUNTS OF COMPANIES Books of account, etc., to be kept by company. 128. (1) Every company shall prepare and keep at its registered office books of account and other relevant books and papers and financial statement for every financial year which give a true and fair view of…...
Punishment for failure to distribute dividends . Section – 127, Companies Act, 2013
Section - 127, Companies Act, 2013 Punishment for failure to distribute dividends . 127. Where a dividend has been declared by a company but has not been paid or the warrant in respect thereof has not been posted within thirty days from the date of declaration to any shareholder entitled to the payment of the dividend, every…...
Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares. Section – 126, Companies Act, 2013
Section - 126, Companies Act, 2013 Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares. 126. Where any instrument of transfer of shares has been delivered to any company for registration and the transfer of such shares has not been registered by the company, it shall,…...
Investor Education and Protection Fund . Section – 125, Companies Act, 2013
Section - 125, Companies Act, 2013 Investor Education and Protection Fund . 125. (1) The Central Government shall establish a Fund to be called the Investor Education and Protection Fund (herein referred to as the Fund). (2) There shall be credited to the Fund— (a) the amount given by the Central Government by way of grants after…...
Unpaid Dividend Account. Section – 124, Companies Act, 2013
Section - 124, Companies Act, 2013 Unpaid Dividend Account. 124. (1) Where a dividend has been declared by a company but has not been paid or claimed within thirty days from the date of the declaration to any shareholder entitled to the payment of the dividend, the company shall, within seven days from the date of…...
Declaration of dividend. Section – 123, Companies Act, 2013
Section - 123, Companies Act, 2013 CHAPTER VIII DECLARATION AND PAYMENT OF DIVIDEND Declaration of dividend. 123. (1) No dividend shall be declared or paid by a company for any financial year except— (a) out of the profits of the company for that year arrived at after providing for depreciation in accordance with the provisions of…...
Applicability of this Chapter to One Person Company. Section – 122, Companies Act, 2013
Section - 122, Companies Act, 2013 Applicability of this Chapter to One Person Company. 122. (1) The provisions of and to (both inclusive) shall not apply to a One Person Company. (2) The ordinary businesses as mentioned under clause (a) of sub-section (2) of which a company, other than a One Person Company, is required to…...
Report on annual general meeting. Section – 121, Companies Act, 2013
Section - 121, Companies Act, 2013 Report on annual general meeting. 121. (1) Every listed public company shall prepare in the prescribed manner a report on each annual general meeting including the confirmation to the effect that the meeting was convened, held and conducted as per the provisions of this Act and the rules made thereunder. (2)…...