Section - 78, Companies Act, 2013 Application for registration of charge. 78. Where a company fails to , without prejudice to its liability in respect of any offence under this Chapter, the person in whose favour the charge is created may…...
Duty to register charges, etc. Section – 77, Companies Act, 2013
Section - 77, Companies Act, 2013 CHAPTER VI REGISTRATION OF CHARGES Duty to register charges, etc. 77. (1) It shall be the duty of every company creating a charge within or outside India, on its property or assets or any of its undertakings, whether tangible or otherwise, and situated in or outside India, to register the particulars of…...
[Punishment for contravention of section 73 or section 76. Section – 76A, Companies Act, 2013
Section - 76A, Companies Act, 2013 [Punishment for contravention of section 73 or section 76. 76A. Where a company accepts or invites or allows or causes any other person to accept or invite on its behalf any deposit in contravention of the manner or the conditions prescribed under section 73 or section 76 or rules made…...
Acceptance of deposits from public by certain companies. Section – 76, Companies Act, 2013
Section - 76, Companies Act, 2013 Acceptance of deposits from public by certain companies. 76. (1) Notwithstanding anything contained in , a public company, having such net worth or turnover as may be prescribed, may accept deposits from persons other than its members subject to compliance with the requirements provided in sub-section (2) of and subject…...
Repayment of deposits, etc., accepted before commencement of this Act. Section – 74, Companies Act, 2013
Section - 74, Companies Act, 2013 Repayment of deposits, etc., accepted before commencement of this Act. 74. (1) Where in respect of any deposit accepted by a company before the commencement of this Act, the amount of such deposit or part thereof or any interest due thereon remains unpaid on such commencement or becomes due at…...
Prohibition on acceptance of deposits from public. Section – 73, Companies Act, 2013
Section - 73, Companies Act, 2013 CHAPTER V ACCEPTANCE OF DEPOSITS BY COMPANIES Prohibition on acceptance of deposits from public. 73. (1) On and after the commencement of this Act, no company shall invite, accept or renew deposits under this Act from the public except in a manner provided under this Chapter: Provided that nothing in this sub-section…...
Power to nominate . Section – 72, Companies Act, 2013
Section - 72, Companies Act, 2013 Power to nominate . 72. (1) Every holder of securities of a company may, at any time, nominate, in the prescribed manner, any person to whom his securities shall vest in the event of his death. (2) Where the securities of a company are held by more than one person jointly,…...
Register of charges to be kept by Registrar. Section – 81, Companies Act, 2013
Section - 81, Companies Act, 2013 Register of charges to be kept by Registrar. 81. (1) The Registrar shall, in respect of every company, keep a register containing particulars of the charges registered under this Chapter in such form and in such manner as may be prescribed. (2) A register kept in pursuance of this section…...
Reduction of share capital. Section – 66, Companies Act, 2013
Section - 66, Companies Act, 2013 Reduction of share capital. 66. (1) Subject to confirmation by the Tribunal on an application by the company, a company limited by shares or limited by guarantee and having a share capital may, by a special resolution, reduce the share capital in any manner and in particular, may— (a) extinguish or…...
Prohibition for buy-back in certain circumstances. Section – 70, Companies Act, 2013
Section - 70, Companies Act, 2013 Prohibition for buy-back in certain circumstances. 70. (1) No company shall directly or indirectly purchase its own shares or other specified securities— (a) through any subsidiary company including its own subsidiary companies; (b) through any investment company or group of investment companies; or (c) if a default, is made by the…...