The Companies Act `2013

An Act to consolidate and amend the law relating to companies.
2013
  • INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO

  • 3
     Formation of company
  • 3A
     Members severally liable in certain cases
  • 4
     Memorandum
  • 5
     Articles
  • 6
     Act to override memorandum, articles, etc
  • 7
     Incorporation of company
  • 8
     Formation of companies with charitable objects, etc
  • 9
     Effect of registration
  • 10
     Effect of memorandum and articles
  • 11
     [Omitted]
  • 12
     Registered office of company
  • 13
     Alteration of memorandum
  • 14
     Alteration of articles
  • 15
     Alteration of memorandum or articles to be noted in every copy
  • 16
     Rectification of name of company
  • 17
     Copies of memorandum, articles, etc., to be given to members
  • 18
     Conversion of companies already registered
  • 19
     Subsidiary company not to hold shares in its holding company
  • 20
     Service of documents
  • 21
     Authentication of documents, proceedings and contracts
  • 22
     Execution of bills of exchange, etc
  • PART I.--Public offer

  • 23
     Public offer and private placement
  • 24
     Power of Securities and Exchange Board to regulate issue and transfer of securities, etc
  • 25
     Document containing offer of securities for sale to be deemed prospectus
  • 26
     Matters to be stated in prospectus
  • 27
     Variation in terms of contract or objects in prospectus
  • 28
     Offer of sale of shares by certain members of company
  • 29
     Public offer of securities to be in dematerialised form
  • 30
     Advertisement of prospectus
  • 31
     Shelf prospectus
  • 32
     Red herring prospectus
  • 33
     Issue of application forms for securitie
  • 34
     Criminal liability for mis-statements in prospectus
  • 35
     Civil liability for mis-statements in prospectus
  • 36
     Punishment for fraudulently inducing persons to invest money
  • 37
     Action by affected persons
  • 38
     Punishment for personation for acquisition, etc., of securitie
  • 39
     Allotment of securities by company
  • 40
     Securities to be dealt with in stock exchanges
  • 41
     Global depository receipt
  • PART II.--Private placement

  • 42
     Issue of shares on private placement basis
  • SHARE CAPITAL AND DEBENTURES

  • 43
     Kinds of share capital
  • 44
     Nature of shares or debentures
  • 45
     Numbering of share
  • 46
     Certificate of shares
  • 47
     Voting right
  • 48
     Variation of shareholders‘ right
  • 49
     Calls on shares of same class to be made on uniform basis
  • 50
     Company to accept unpaid share capital, although not called up
  • 51
     Payment of dividend in proportion to amount paid-u
  • 52
     Application of premiums received on issue of shares
  • 53
     Prohibition on issue of shares at discount
  • 54
     Issues of sweat equity share
  • 55
     Issue and redemption of preference shares
  • 56
     Transfer and transmission of securities
  • 57
     Punishment for personation of shareholder
  • 58
     Refusal of registration and appeal against refusal
  • 59
     Rectification of register of members
  • 60
     Publication of authorised, subscribed and paid-up capital
  • 61
     Power of limited company to alter its share capital
  • 62
     Further issue of share capital
  • 63
     Issue of bonus share
  • 64
     Notice to be given to Registrar for alteration of share capital
  • 65
     Unlimited company to provide for reserve share capital on conversion into limited company
  • 66
     Reduction of share capital
  • 67
     Restrictions on purchase by company or giving of loans by it for purchase of its shares
  • 68
     Power of company to purchase its own securities
  • 69
     Transfer of certain sums to capital redemption reserve account
  • 70
     Prohibition for buy-back in certain circumstances
  • 71
     Debenture
  • 72
     Power to nominate
  • ACCEPTANCE OF DEPOSITS BY COMPANIES

  • 73
     Prohibition on acceptance of deposits from public
  • 74
     Repayment of deposits, etc., accepted before commencement of this Act
  • 75
     Damages for fraud
  • 76
     Acceptance of deposits from public by certain companies
  • 76A
     Punishment for contravention of section 73 or section 76
  • REGISTRATION OF CHARGES

  • 77
     Duty to register charges, et
  • 78
     Application for registration of charg
  • 79
     Section 77 to apply in certain matters
  • 80
     Date of notice of charge
  • 81
     Register of charges to be kept by Registrar
  • 82
     Company to report satisfaction of charg
  • 83
     Power of Registrar to make entries of satisfaction and release in absence of intimation from company
  • 84
     Intimation of appointment of receiver or manager
  • 85
     Company‘s register of charges
  • 86
     Punishment for contravention
  • 87
     Rectification by Central Government in Register of charges
  • MANAGEMENT AND ADMINISTRATION

  • 88
     Register of members, etc
  • 89
     Declaration in respect of beneficial interest in any shar
  • 90
     Register of significant beneficial owners in a Company
  • 91
     Power to close register of members or debenture holders or other security holder
  • 92
     Annual return
  • 93
     Omitted
  • 94
     Place of keeping and inspection of registers, returns, etc
  • 95
     Registers, etc., to be evidence
  • 96
     Annual general meeting
  • 97
     Power of Tribunal to call annual general meetin
  • 98
     Power of Tribunal to call meetings of members, et
  • 99
     Punishment for default in complying with provisions of sections 96 to 98
  • 100
     Calling of extraordinary general meeting
  • 101
     Notice of meeting
  • 102
     Statement to be annexed to notic
  • 103
     Quorum for meeting
  • 104
     Chairman of meetings
  • 105
     Proxie
  • 106
     Restriction on voting rights
  • 107
     Voting by show of hands
  • 108
     Voting through electronic means
  • 109
     Demand for poll
  • 110
     Postal ballot
  • 111
     Circulation of members‘ resolution
  • 112
     Representation of President and Governors in meetings
  • 113
     Representation of corporations at meeting of companies and of creditors
  • 114
     Ordinary and special resolutions
  • 115
     Resolutions requiring special notic
  • 116
     Resolutions passed at adjourned meetin
  • 117
     Resolutions and agreements to be filed
  • 118
     . Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot
  • 119
     Inspection of minute-books of general meetin
  • 120
     Maintenance and inspection of documents in electronic form
  • 121
     Report on annual general meeting
  • 122
     Applicability of this Chapter to One Person Compan
  • DECLARATION AND PAYMENT OF DIVIDEND

  • 123
     Declaration of dividen
  • 124
     Unpaid Dividend Accoun
  • 125
     Investor Education and Protection Fund
  • 126
     Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares
  • 127
     Punishment for failure to distribute dividends
  • ACCOUNTS OF COMPANIES

  • 128
     Books of account, etc., to be kept by compan
  • 129
     Financial statement
  • 130
     Re-opening of accounts on court‘s or Tribunal‘s order
  • 131
     Voluntary revision of financial statements or Board‘s repor
  • 132
     Constitution of National Financial Reporting Authorit
  • 133
     Central Government to prescribe accounting standard
  • 134
     Financial statement, Board‘s report, etc
  • 135
     Corporate Social Responsibilit
  • 136
     Right of member to copies of audited financial statemen
  • 137
     Copy of financial statement to be filed with Registra
  • 138
     Internal Audit
  • AUDIT AND AUDITORS

  • 139
     Appointment of auditor
  • 140
     Removal, resignation of auditor and giving of special notice
  • 141
     Eligibility, qualifications and disqualifications of auditors
  • 142
     Remuneration of auditors
  • 143
     Powers and duties of auditors and auditing standards
  • 144
     Auditor not to render certain services
  • 145
     Auditor to sign audit reports, etc
  • 146
     Auditors to attend general meeting
  • 147
     Punishment for contravention
  • 148
     Central Government to specify audit of items of cost in respect of certain companies
  • APPOINTMENT AND QUALIFICATIONS OF DIRECTORS

  • 149
     Company to have Board of Director
  • 150
     Manner of selection of independent directors and maintenance of data bank of independent directors
  • 151
     Appointment of director elected by small shareholders
  • 152
     Appointment of director
  • 153
     Application for allotment of Director Identification Number
  • 154
     Allotment of Director Identification Number
  • 155
     Prohibition to obtain more than one Director Identification Number
  • 156
     Director to intimate Director Identification Numbe
  • 157
     Company to inform Director Identification Number to Registrar
  • 158
     Obligation to indicate Director Identification Number
  • 159
     Penalty for default of certain provision
  • 160
     Right of persons other than retiring directors to stand for directorship
  • 161
     Appointment of additional director, alternate director and nominee director
  • 162
     Appointment of directors to be voted individually
  • 163
     Option to adopt principle of proportional representation for appointment of directors
  • 164
     Disqualifications for appointment of director
  • 165
     Number of directorships
  • 166
     Duties of directors
  • 167
     Vacation of office of director
  • 168
     Resignation of director
  • 169
     Removal of director
  • 170
     Register of directors and key managerial personnel and their shareholding
  • 171
     Members‘ right to inspect
  • 172
     Punishment
  • MEETINGS OF BOARD AND ITS POWERS

  • 173
     Meetings of Board
  • 174
     Quorum for meetings of Boar
  • 175
     Passing of resolution by circulatio
  • 176
     Defects in appointment of directors not to invalidate actions take
  • 177
     Audit committee
  • 178
     Nomination and Remuneration Committee and Stakeholders Relationship Committee
  • 179
     Powers of Board
  • 180
     Restrictions on powers of Board
  • 181
     Company to contribute to bona fide and charitable funds, etc
  • 182
     Prohibitions and restrictions regarding political contribution
  • 183
     Power of Board and other persons to make contributions to national defence fund, etc
  • 184
     Disclosure of interest by director
  • 185
     Loan to directors, et
  • 186
     Loan and investment by compan
  • 187
     Investments of company to be held in its own name
  • 188
     Related party transactions
  • 189
     Register of contracts or arrangements in which directors are intereste
  • 190
     Contract of employment with managing or whole-time director
  • 191
     Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares
  • 192
     Restriction on non-cash transactions involving directors
  • 193
     Contract by One Person Company
  • 194
     Prohibition on forward dealings in securities of company by director or key managerial personne
  • 195
     Prohibition on insider trading of securities
  • APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL

  • 196
     Appointment of managing director, whole-time director or manager
  • 197
     Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits
  • 198
     Calculation of profit
  • 199
     Recovery of remuneration in certain case
  • 200
     Central Government or company to fix limit with regard to remuneratio
  • 201
     Forms of, and procedure in relation to, certain applications
  • 202
     Compensation for loss of office of managing or whole-time director or manager
  • 203
     Appointment of key managerial personnel
  • 204
     Secretarial audit for bigger companie
  • 205
     Functions of company secretary
  • INSPECTION, INQUIRY AND INVESTIGATION

  • 206
     Power to call for information, inspect books and conduct inquirie
  • 207
     Conduct of inspection and inquiry
  • 208
     Report on inspection made
  • 209
     Search and seizure
  • 210
     Investigation into affairs of company
  • 211
     Establishment of Serious Fraud Investigation Offic
  • 212
     Investigation into affairs of company by Serious Fraud Investigation Office
  • 213
     Investigation into company‘s affairs in other cases
  • 214
     Security for payment of costs and expenses of investigatio
  • 215
     Firm, body corporate or association not to be appointed as inspecto
  • 216
     Investigation of ownership of company
  • 217
     Procedure, powers, etc., of inspectors
  • 218
     Protection of employees during investigation
  • 219
     Power of inspector to conduct investigation into affairs of related companies, etc
  • 220
     Seizure of documents by inspecto
  • 221
     Freezing of assets of company on inquiry and investigation
  • 222
     Imposition of restrictions upon securities
  • 223
     Inspector‘s report
  • 224
     Actions to be taken in pursuance of inspector‘s report
  • 225
     Expenses of investigatio
  • 226
     Voluntary winding up of company, etc., not to stop investigation proceeding
  • 227
     Legal advisers and bankers not to disclose certain information
  • 228
     Investigation, etc., of foreign companies
  • 229
     Penalty for furnishing false statement, mutilation, destruction of document
  • COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS

  • 230
     Power to compromise or make arrangements with creditors and member
  • 231
     Power to Tribunal to enforce compromise or arrangement
  • 232
     Merger and amalgamation of companies
  • 233
     Merger or amalgamation of certain companies
  • 234
     Merger or amalgamation of company with foreign compan
  • 235
     Power to acquire shares of shareholders dissenting from scheme or contract approved by majorit
  • 236
     Purchase of minority shareholding
  • 237
     Power of Central Government to provide for amalgamation of companies in public interest
  • 238
     Registration of offer of schemes involving transfer of shares
  • 239
     Preservation of books and papers of amalgamated companie
  • 240
     Liability of officers in respect of offences committed prior to merger, amalgamation, etc
  • PREVENTION OF OPPRESSION AND MISMANAGEMENT

  • 241
     Application to Tribunal for relief in cases of oppression, etc
  • 242
     Powers of Tribunal
  • 243
     Consequence of termination or modification of certain agreements
  • 244
     Right to apply under section 241
  • 245
     Class actio
  • 246
     Application of certain provisions to proceedings under section 241 or section 245
  • REGISTERED VALUERS

  • 247
     Valuation by registered valuers
  • REMOVAL OF NAMES OF COMPANIES FROM THE REGISTER OF COMPANIES

  • 248
     Power of Registrar to remove name of company from register of companies
  • 249
     Restrictions on making application under section 248 in certain situations
  • 250
     Effect of company notified as dissolved
  • 251
     Fraudulent application for removal of nam
  • 252
     Appeal to Tribunal
  • REVIVAL AND REHABILITATION OF SICK COMPANIES

  • 253
     Determination of sicknes
  • 254
     Application for revival and rehabilitatio
  • 255
     Exclusion of certain time in computing period of limitation
  • 256
     Appointment of interim administrator
  • 257
     Committee of creditors
  • 258
     Order of Tribunal
  • 259
     Appointment of administrato
  • 260
     Powers and duties of company administrator
  • 261
     Scheme of revival and rehabilitation
  • 262
     Sanction of schem
  • 263
     Scheme to be bindin
  • 264
     Implementation of schem
  • 265
     Winding up of company on report of company administrator
  • 266
     Power of Tribunal to assess damages against delinquent directors, etc
  • 267
     Punishment for certain offences
  • 268
     Bar of jurisdictio
  • 269
     Rehabilitation and Insolvency Fund
  • WINDING UP

  • 270
     Modes of winding up
  • PART I.--Winding up by the Tribunal

  • 271
     Circumstances in which company may be wound up by Tribunal
  • 272
     Petition for winding up
  • 273
     Powers of Tribunal
  • 274
     Directions for filing statement of affair
  • 275
     Company Liquidators and their appointment
  • 276
     Removal and replacement of liquidato
  • 277
     Intimation to Company Liquidator, provisional liquidator and Registra
  • 278
     Effect of winding up order
  • 279
     Stay of suits, etc., on winding up order
  • 280
     Jurisdiction of Tribunal
  • 281
     Submission of report by Company Liquidato
  • 282
     Directions of Tribunal on report of Company Liquidator
  • 283
     Custody of company‘s propertie
  • 284
     Promoters, directors, etc., to cooperate with Company Liquidator
  • 285
     Settlement of list of contributories and application of assets
  • 286
     Obligations of directors and managers
  • 287
     Advisory Committee
  • 288
     Submission of periodical reports to Tribunal
  • 289
     Power of Tribunal on application for stay of winding up
  • 290
     Powers and duties of Company Liquidator
  • 291
     Provision for professional assistance to Company Liquidato
  • 292
     Exercise and control of Company Liquidator‘s powers
  • 293
     Books to be kept by Company Liquidato
  • 294
     Audit of Company Liquidator‘s accounts
  • 295
     Payment of debts by contributory and extent of set-off
  • 296
     Power of Tribunal to make calls
  • 297
     Adjustment of rights of contributories
  • 298
     Power to order costs
  • 299
     Power to summon persons suspected of having property of company, etc
  • 300
     Power to order examination of promoters, directors, etc
  • 301
     Arrest of person trying to leave India or abscond
  • 302
     Dissolution of company by Tribunal
  • 303
     Appeals from orders made before commencement of Act
  • Part II--Omitted.

  • 304
     Circumstances in which company may be wound up voluntarily
  • 305
     Declaration of solvency in case of proposal to wind up voluntarily
  • 306
     Meeting of creditors
  • 307
     Publication of resolution to wind up voluntarily
  • 308
     Commencement of voluntary winding up
  • 309
     Effect of voluntary winding up
  • 310
     Appointment of Company Liquidator
  • 311
     Power to remove and fill vacancy of Company Liquidato
  • 312
     Notice of appointment of Company Liquidator to be given to Registrar
  • 313
     Cesser of Board‘s powers on appointment of Company Liquidator
  • 314
     Powers and duties of Company Liquidator in voluntary winding u
  • 315
     Appointment of committees
  • 316
     Company Liquidator to submit report on progress of winding up
  • 317
     Report of Company Liquidator to Tribunal for examination of person
  • 318
     Final meeting and dissolution of compan
  • 319
     Power of Company Liquidator to accept shares, etc., as consideration for sale of property of compan
  • 320
     Distribution of property of compan
  • 321
     Arrangement when binding on company and creditors
  • 322
     Power to apply to Tribunal to have questions determined, etc
  • 323
     Costs of voluntary winding up
  • PART III.--Provisions applicable to every mode of winding up

  • 324
     Debts of all descriptions to be admitted to proo
  • 325
     Application of insolvency rules in winding up of insolvent companies
  • 326
     Overriding preferential payments
  • 327
     Preferential payments
  • 328
     Fraudulent preferenc
  • 329
     Transfers not in good faith to be voi
  • 330
     Certain transfers to be void
  • 331
     Liabilities and rights of certain persons fraudulently preferred
  • 332
     Effect of floating charge
  • 333
     Disclaimer of onerous property
  • 334
     Transfers, etc., after commencement of winding up to be void
  • 335
     Certain attachments, executions, etc., in winding up by Tribunal to be voi
  • 336
     Offences by officers of companies in liquidation
  • 337
     Penalty for frauds by officers
  • 338
     Liability where proper accounts not kep
  • 339
     Liability for fraudulent conduct of busines
  • 340
     Power of Tribunal to assess damages against delinquent directors, et
  • 341
     Liability under sections 339 and 340 to extend to partners or directors in firms or companie
  • 342
     Prosecution of delinquent officers and members of company
  • 343
     Company Liquidator to exercise certain powers subject to sanction
  • 344
     Statement that company is in liquidation
  • 345
     Books and papers of company to be evidence
  • 346
     Inspection of books and papers by creditors and contributories
  • 347
     Disposal of books and papers of compan
  • 348
     Information as to pending liquidations
  • 349
     Official Liquidator to make payments into public account of India
  • 350
     Company Liquidator to deposit monies into scheduled ban
  • 351
     Liquidator not to deposit monies into private banking account
  • 352
     Company Liquidation Dividend and Undistributed Assets Accoun
  • 353
     Liquidator to make returns, etc
  • 354
     Meetings to ascertain wishes of creditors or contributorie
  • 355
     Court, tribunal or person, etc., before whom affidavit may be sworn
  • 356
     Power of Tribunal to declare dissolution of company void
  • 357
     Commencement of winding up by Tribunal
  • 358
     Exclusion of certain time in computing period of limitation
  • PART IV.--Official Liquidators

  • 359
     Appointment of Official Liquidato
  • 360
     Powers and functions of Official Liquidator
  • 361
     Summary procedure for liquidation
  • 362
     Sale of assets and recovery of debts due to company
  • 363
     Settlement of claims of creditors by Official Liquidator
  • 364
     Appeal by credito
  • 365
     Order of dissolution of compan
  • PARTI.--Companies authorised to Register under this Act

  • 366
     Companies capable of being registere
  • 367
     Certificate of registration of existing companie
  • 368
     Vesting of property on registration
  • 369
     Saving of existing liabilitie
  • 370
     Continuation of pending legal proceedings
  • 371
     Effect of registration under this Part
  • 372
     Power of Court to stay or restrain proceeding
  • 373
     Suits stayed on winding up orde
  • 374
     Obligations of companies registering under this Par
  • PART II.--Winding up of unregistered companies

  • 375
     Winding up of unregistered companie
  • 376
     Power to wind up foreign companies although dissolved
  • 377
     Provisions of Chapter cumulativ
  • 378
     Saving and construction of enactments conferring power to wind up partnership firm, association or company, etc., in certain cases
  • COMPANIES INCORPORATED OUTSIDE INDIA

  • 379
     Application of Act to foreign companie
  • 380
     Documents, etc., to be delivered to Registrar by foreign companies
  • 381
     Accounts of foreign company
  • 382
     Display of name, etc., of foreign compan
  • 383
     Service on foreign company
  • 384
     Debentures, annual return, registration of charges, books of account and their inspection
  • 385
     Fee for registration of documents
  • 386
     Interpretatio
  • 387
     Dating of prospectus and particulars to be contained therein
  • 388
     Provisions as to expert‘s consent and allotment
  • 389
     Registration of prospectus
  • 390
     Offer of India Depository Receipt
  • 391
     Application of sections 34 to 36 and Chapter X
  • 392
     Punishment for contraventio
  • 393
     Company‘s failure to comply with provisions of this Chapter not to affect validity or contracts, et
  • GOVERNMENT COMPANIES

  • 394
     Annual reports on Government companies
  • 395
     Annual reports where one or more State Governments are members of companies
  • REGISTRATION OFFICES AND FEES

  • 396
     Registration offices
  • 397
     Admissibility of certain documents as evidence
  • 398
     Provisions relating to filing of applications, documents, inspection, etc., in electronic form
  • 399
     Inspection, production and evidence of documents kept by Registra
  • 400
     Electronic form to be exclusive, alternative or in addition to physical form
  • 401
     Provision of value added services through electronic for
  • 402
     Application of provisions of Information Technology Act, 2000
  • 403
     Fee for filing, et
  • 404
     Fees, etc., to be credited into public account
  • COMPANIES TO FURNISH INFORMATION OR STATISTICS

  • 405
     Power of Central Government to direct companies to furnish information or statistics
  • NIDHIS

  • 406
     Provision relating to Nidhis and its application, etc
  • NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL

  • 407
     Definition
  • 408
     Constitution of National Company Law Tribunal
  • 409
     Qualification of President and Members of Tribuna
  • 410
     Constitution of Appellate Tribunal
  • 411
     Qualifications of Chairperson and members of Appellate Tribunal
  • 412
     Selection of Members of Tribunal and Appellate Tribunal
  • 413
     Term of office of President, Chairperson and other Member
  • 414
     Salary, allowances and other terms and conditions of service of Members
  • 415
     Acting President and Chairperson of Tribunal or Appellate Tribunal
  • 416
     Resignation of Members
  • 417
     Removal of Members
  • 417A
     Qualifications, terms and conditions of service of Chairperson and Member
  • 418
     Staff of Tribunal and Appellate Tribuna
  • 419
     Benches of Tribunal
  • 420
     Orders of Tribunal
  • 421
     Appeal from orders of Tribuna
  • 422
     Expeditious disposal by Tribunal and Appellate Tribuna
  • 423
     Appeal to Supreme Court
  • 424
     Procedure before Tribunal and Appellate Tribunal
  • 425
     Power to punish for contempt
  • 426
     Delegation of power
  • 427
     President, Members, officers, etc., to be public servant
  • 428
     Protection of action taken in good faith
  • 429
     Power to seek assistance of Chief Metropolitan Magistrate, etc
  • 430
     Civil court not to have jurisdiction
  • 431
     Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings
  • 432
     Right to legal representation
  • 433
     Limitation
  • 434
     Transfer of certain pending proceeding
  • SPECIAL COURTS

  • 435
     Establishment of Special Court
  • 436
     Offences triable by Special Courts
  • 437
     Appeal and revision
  • 438
     Application of Code to proceedings before Special Court
  • 439
     Offences to be non-cognizable
  • 440
     Transitional provisions
  • 441
     Compounding of certain offences
  • 442
     Mediation and Conciliation Panel
  • 443
     Power of Central Government to appoint company prosecutor
  • 444
     Appeal against acquittal
  • 445
     Compensation for accusation without reasonable cause
  • 446
     Application of fines
  • 446A
     Factors for determining level of punishment
  • 446B
     Lesser penalties for One Person Companies or small companies
  • MISCELLANEOUS

  • 447
     Punishment for frau
  • 448
     Punishment for false statement
  • 449
     Punishment for false evidence
  • 450
     Punishment where no specific penalty or punishment is provided
  • 451
     Punishment in case of repeated defaul
  • 452
     Punishment for wrongful withholding of propert
  • 453
     Punishment for improper use of ―Limited‖ or ―Private Limited‖
  • 454
     Adjudication of penalties
  • 455
     Dormant company
  • 456
     Protection of action taken in good faith
  • 457
     Non-disclosure of information in certain cases
  • 458
     Delegation by Central Government of its powers and functions
  • 459
     Power of Central Government of Tribunal to accord approval, etc., subject to conditions and to prescribe fees on application
  • 460
     Condonation of delay in certain case
  • 461
     Annual report by Central Governmen
  • 462
     Power to exempt class or classes of companies from provisions of this Act
  • 463
     Power of court to grant relief in certain cases
  • 464
     Prohibition of association or partnership of persons exceeding certain number
  • 465
     Repeal of certain enactments and savings
  • 466
     Dissolution of Company Law Board and consequential provisions
  • 467
     Power of Central Government to amend Schedules
  • 468
     Power of Central Government to make rules relating to winding up
  • 469
     Power of Central Government to make rules
  • 470
     Power to remove difficulties