Section - 10A, Companies Act, 2013 Commencement of business, etc. 10A. (1) A company incorporated after the commencement of the Companies (Amendment) Act, 2019 and having a share capital shall not commence any business or exercise any borrowing powers unless— (a) a declaration is filed by a director within a period of one hundred and eighty…...
Effect of memorandum and articles .(Section – 10, Companies Act, 2013)
Section - 10, Companies Act, 2013 Effect of memorandum and articles . 10. (1) Subject to the provisions of this Act, the memorandum and articles shall, when registered, bind the company and the members thereof to the same extent as if they respectively had been signed by the company and by each member, and contained covenants on…...
Effect of registration .(Section – 9, Companies Act, 2013)
Section - 9, Companies Act, 2013 Effect of registration . 9. From the date of incorporation mentioned in the certificate of incorporation, such subscribers to the memorandum and all other persons, as may, from time to time, become members of the company, shall be a body corporate by the name contained in the memorandum, capable of…...
Formation of companies with charitable objects, etc.(Section – 8, Companies Act, 2013)
Section - 8, Companies Act, 2013 Formation of companies with charitable objects, etc. 8. (1) Where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be registered under this Act as a limited company— (a) has in its objects the promotion of commerce, art, science, sports,…...
Incorporation of company. (Section – 7, Companies Act, 2013)
Section - 7, Companies Act, 2013 Incorporation of company. 7. (1) There shall be filed with the Registrar within whose jurisdiction the registered office of a company is proposed to be situated, the following documents and information for registration, namely:— (a) the memorandum and articles of the company duly signed by all the subscribers to the memorandum…...
Act to override memorandum, articles, etc. (Section – 6, Companies Act, 2013)
Section - 6, Companies Act, 2013 Act to override memorandum, articles, etc. 6. Save as otherwise expressly provided in this Act— (a) the provisions of this Act shall have effect notwithstanding anything to the contrary contained in the memorandum or articles of a company, or in any agreement executed by it, or in any resolution passed by…...
Articles . (Section – 5, Companies Act, 2013)
Section - 5, Companies Act, 2013 Articles . 5. (1) The articles of a company shall contain the regulations for manage- ment of the company. (2) The articles shall also contain such matters, as may be prescribed: Provided that nothing prescribed in this sub-section shall be deemed to prevent a company from including such additional matters in its…...
Memorandum. (Section – 4, Companies Act, 2013)
Section - 4, Companies Act, 2013 Memorandum. 4. (1) The memorandum of a company shall state— (a) the name of the company with the last word "Limited" in the case of a public limited company, or the last words "Private Limited" in the case of a private limited company: Provided that nothing in this clause shall apply…...
Members severally liable in certain cases. (Section – 3A, Companies Act, 2013)
Section - 3A, Companies Act, 2013 [Members severally liable in certain cases. 3A.If at any time the number of members of a company is reduced, in the case of a public company, below seven, in the case of a private company, below two, and the company carries on business for more than six months while…...
Definitions. (Section – 2, Companies Act, 2013)
Section - 2, Companies Act, 2013 Definitions. 2. In this Act, unless the context otherwise requires,— (1) "abridged prospectus" means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulations in this behalf; (2) "accounting standards" means the standards of accounting or any addendum…...