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Sections of companies Act 2013
Sections of companies Act 2013
Company act 2013..important sec. ..
Section 1- Short title, extent,
commencement and application
Section 2- Definitions.
Section 3- Formation of company.
Section 4- Memorandum.
Section 5- Articles.
Section 6- Act to override memorandum,
articles, etc.
Section 7- Incorporation of Company.
Section 8- Formation of companies with
charitable objects, etc.
Section 9- Effect of registration.
Section 10- Effect of memorandum and
Section 11- Commencement of business, etc
Section 12- Registered office of company.
Section 13- Alteration of memorandum.
Section 14- Alteration of articles.
Section 15- Alteration of memorandum or
articles to be noted in every copy.
Section 16- Rectification of name of
Section 17- Copies of memorandum,
articles, etc., to be given to members.
Section 18- Conversion of companies
already registered.
Section 19- Subsidiary company not to hold
shares in its holding company.
Section 20- Service of documents
Section 21- Authentication of documents,
proceedings and contracts.
Section 22- Execution of bills of exchange,
Section 23- Public offer and private
Section 24- Power of Securities and
Exchange Board to regulate issue and
transfer of securities, etc
Section 25- Document containing offer of
securities for sale to be deemed prospectus.
Section 26- Matters to be stated in
Section 27- Variation in terms of contract
or objects in prospectus.
Section 28- Offer of sale of shares by
certain members of company.
Section 29- Public offer of securities to be
in dematerialised form.
Section 30- Advertisement of prospectus.
Section 31- Shelf prospectus.
Section 32- Red herring prospectus.
Section 33- Issue of application forms for
Section 34- Criminal liability for mis-
statements in prospectus.
Section 35- Civil liability for mis-statements
in prospectus.
Section 36- Punishment for fraudulently
inducing persons to invest money.
Section 37- Action by affected persons
Section 38- Punishment for personation for
acquisition, etc., of securities.
Section 39- Allotment of securities by
Section 40- Securities to be dealt with in
stock exchanges.
Section 41- Global Depository Receipt.
Section 42- Offer or invitation for
subscription of securities on private
Section 43- Kinds of share capital.
Section 44- Nature of shares or debentures.
Section 45- Numbering of shares.
Section 46- Certificate of shares.
Section 47- Voting rights.
Section 49- Calls on shares of same class
to be made on uniform basis.
Section 50- Company to accept unpaid
share capital, although not called up.
Section 51- Payment of dividend in
proportion to amount paid-up.
Section 52- Application of premiums
received on issue of shares
Section 53- Prohibition on issue of shares
at discount.
Section 54- Issue of sweat equity shares.
Section 55- Issue and redemption of
preference shares.
Section 56- Transfer and transmission of
Section 57- Punishment for personation of
Section 58- Refusal of registration and
appeal against refusal.
Section 59- Rectification of register of
Section 60- Publication of authorised,
subscribed and paid-up capital.
Section 61- Power of limited company to
alter its share capital.
Section 62- Further issue of share capital.
Section 63- Issue of bonus shares.
Section 64- Notice to be given to Registrar
for alteration of share capital.
Section 65- Unlimited company to provide
for reserve share capital on conversion into
limited company
Section 67- Restrictions on purchase by
company or giving of loans by it for
purchase of its shares.
Section 68- Power of company to purchase
its own securities.
Section 69- Transfer of certain sums to
capital redemption reserve account.
Section 70- Prohibition for buy-back in
certain circumstances.
Section 71- Debentures.
Section 72- Power to nominate
Section 73- Prohibition on acceptance of
deposits from public.
Section 74- Repayment of deposits, etc.,
accepted before commencement of this Act.
Section 76- Acceptance of deposits from
public by certain companies.
Section 77- Duty to register charges, etc
Section 78- Application for registration of
Section 79- Section 77 to apply in certain
Section 80- Date of notice of charge.
Section 81- Register of charges to be kept
by Registrar.
Section 82- Company to report satisfaction
of charge.
Section 83- Power of Registrar to make
entries of satisfaction and release in
absence of intimation from company.
Section 84- Intimation of appointment of
receiver or manager.
Section 85- Companys register of charges
Section 86- Punishment for contravention.
Section 87- Rectification by Central
Government in register of charges.
Section 88- Register of members, etc.
Section 89- Declaration in respect of
beneficial interest in any share.
Section 90- Investigation of beneficial
ownership of shares in certain cases
Section 91- Power to close register of
members or debenture holders or other
security holders.
Section 92- Annual return.
Section 93- Return to be filed with Registrar
in case promoters' stake changes
Section 94- Place of keeping and inspection
of registers, returns, etc.
Section 95- Registers, etc., to be evidence.
Section 96- Annual general meeting.
Section 100- Calling of extraordinary
general meeting.
Section 101- Notice of meeting
Section 102- Statement to be annexed to
Section 103- Quorum for meetings.
Section 104- Chairman of meetings.
Section 105- Proxies.
Section 106- Restriction on voting rights.
Section 107- Voting by show of hands.
Section 108- Voting through electronic
Section 109- Demand for poll.
Section 110- Postal ballot.
Section 111- Circulation of members’
Section 112- Representation of President
and Governors in meetings.
Section 113- Representation of corporations
at meeting of companies and of creditors.
Section 114- Ordinary and special
Section 115- Resolutions requiring special
Section 116- Resolutions passed at
adjourned meeting.
Section 117- Resolutions and agreements to
be filed.
Section 118- Minutes of proceedings of
general meeting, meeting of Board of
directors and other meeting and resolutions
passed by postal ballot.
Section 119- Inspection of minute-book of
general meeting.
Section 120- Maintenance and inspection of
documents in electronic form.
Section 121- Report on annual general
Section 122- Applicability of this Chapter to
One Person Company.
Section 123- Declaration of dividend.
Section 126- Right to dividend, rights
shares and bonus shares to be held in
abeyance pending registration of transfer of
Section 127- Punishment for failure to
distribute dividends.
Section 128- Books of account, etc., to be
kept by company.
Section 129- Financial statement.
Section 133- Central Government to
prescribe accounting standards.
Section 134- Financial Statement, Boards
report, etc.
Section 135- Corporate Social
Section 136- Right of member to copies of
audited financial statement.
Section 137- Copy of financial statement to
be filed with Registrar.
Section 138- Internal Audit.
Section 139- Appointment of auditors.
Section 140- Removal, resignation of
auditor and giving of special notice.
Section 141- Eligibility, qualifications and
disqualifications of auditors.
Section 142- Remuneration of auditors.
Section 143- Powers and duties of auditors
and auditing standards.
Section 144- Auditor not to render certain
Section 145- Auditor to sign audit reports,
Section 146- Auditors to attend general
Section 147- Punishment for contravention.
Section 148- Central Government to specify
audit of items of cost in respect of certain
Section 149- Company to have Board of
Section 150- Manner of selection of
independent directors and maintenance of
data bank of independent directors.
Section 151- Appointment of director
elected by small shareholders.
Section 152- Appointment of directors.
Section 153 - Application for allotment of
Director Identification Number
Section 154 - Allotment of Director
Identification Number
Section 155 - Prohibition to obtain more
than one Director Identification Number
Section 156- Director to intimate Director
Identification Number.
Section 157- Company to inform Director
Identification Number to Registrar.
Section 158- Obligation to indicate Director
Identification Number.
Section 159- Punishment for contravention.
Section 160- Right of persons other than
retiring directors to stand for directorship.
Section 161- Appointment of additional
director, alternate director and nominee
Section 162- Appointment of directors to be
voted individually.
Section 163- Option to adopt principle of
proportional representation for appointment
of directors
Section 164- Disqualifications for
appointment of director.
Section 165- Number of directorships.
Section 166- Duties of directors.
Section 167- Vacation of office of director.
Section 168- Resignation of director.
Section 169- Removal of directors.
Section 170- Register of directors and key
managerial personnel and their
Section 171- Members right to inspect.
Section 172- Punishment.
Section 173- Meetings of Board
Section 174- Quorum for meetings of
Section 175- Passing of resolution by
Section 176- Defects in appointment of
directors not to invalidate actions taken.
Section 198- Calculation of profits.
Section 199- Recovery of Remuneration in
certain cases.
Section 177- Audit committee.
Section 178- Nomination and Remuneration
Committee and Stakeholders Relationship
Section 179- Powers of Board.
Section 180- Restrictions on powers of
Section 181- Company to contribute to
bona fide and charitable funds, etc.
Section 182- Prohibitions and restrictions
regarding political contributions.
Section 183- Power of Board and other
persons to make contributions to national
defence fund, etc.
Section 184- Disclosure of interest by
Section 185- Loan to directors, etc.
Section 186- Loan and investment by
Section 187- Investments of company to be
held in its own name.
Section 188- Related party transactions.
Section 189- Register of contracts or
arrangements in which directors are
Section 190- Contract of employment with
managing or whole-time directors.
Section 191- Payment to director for loss of
office, etc., in connection with transfer of
undertaking, property or shares.
Section 192- Restriction on non-cash
transactions involving directors.
Section 193- Contract by One Person
Section 194- Prohibition on forward
dealings in securities of company by
director or. key managerial personnel.
Section 195- Prohibition on insider trading
of securities.
Section 196- Appointment of managing
director, whole-time director or manager.
Section 197- Overall maximum managerial
remuneration and managerial remuneration
in case of absence or inadequacy of profits
Section 200- Central Government or
company to fix a limit with regard to
Section 201- Forms of, and procedure in
relation to, certain applications.
Section 202- Compensation for loss of
office of managing or whole-time director
or manager.
Section 203- Appointment of key
managerial personnel.
Section 204- Secretarial Audit for bigger
Section 205- Functions of the Company
Section 206- Power to call for information,
inspect books and conduct inquiries.
Section 207- Conduct of inspection and
Section 208- Report on inspection made.
Section 209- Search and seizure.
Section 210- Investigation into affairs of
Section 211- Establishment of Serious
Fraud Investigation Office.
Section 212- Investigation into affairs of
company by Serious Fraud Investigation
Section 214- Security for payment of costs
and expenses of investigation.
Section 215- Firm, body corporate or
association not to be appointed as
Section 216- Investigation of ownership of
Section 217- Procedure, powers, etc., of
Section 219- Power of inspectors to conduct
investigation into affairs of related
companies, etc
Section 220- Seizure of documents by
Section 223- Inspectors report.
Section 224- Actions to be taken in
pursuance of inspectors report.
Section 225- Expenses of investigation.
Section 228- Investigation, etc., of foreign
Section 229- Penalty for furnishing false
statement, mutilation, destruction of
Section 366- Companies capable of being
Section 367- Certificate of registration of
existing companies.
Section 368- Vesting of property on
Section 369- Saving for existing liabilities.
Section 370- Continuation of pending legal
Section 371- Effect of registration under
Section 374- Obligations of companies
registering under this Part.
Section 379- Application of Act to foreign
Section 380- Documents, etc., to be
delivered to Registrar by foreign companies.
Section 381- Accounts of foreign company.
Section 382- Display of name, etc., of
foreign company.
Section 383- Service on foreign company.
Section 384- Debentures, annual return,
registration of charges, books of account
and their inspection.
Section 385- Fee for registration of
Section 386- Interpretation.
Section 387- Dating of prospectus and
particulars to be contained therein.
Section 388- Provisions as to experts
consent and allotment.
Section 389- Registration of prospectus.
Section 390- Offer of Indian Depository
Section 391- Application of sections 34 to
36 and Chapter XX.
Section 392- Punishment for contravention.
Section 393- Companys failure to comply
with provisions of this Chapter not to affect
validity of contracts, etc.
Section 394- Annual reports on Government
Section 395- Annual reports where one or
more State Governments are members of
Section 396- Registration offices.
Section 397- Admissibility of certain
documents as evidence
Section 398- Provisions relating to filing of
applications, documents, inspection, etc., in
electronic form.
Section 399- Inspection, production and
evidence of documents kept by Registrar.
Section 400- Electronic form to be
exclusive, alternative or in addition to
physical form.
Section 401- Provision of value added
services through electronic form.
Section 402- Application of provisions of
Information Technology Act, 2000.
Section 403- Fee for filing, etc.
Section 404- Fees, etc., to be credited into
public account.
Section 405- Power of Central Government
to direct companies to furnish information
or statistics.
Section 406- Power to modify Act in its
application to Nidhis.
Section 407- Definitions.
Section 408- Constitution of National
Company Law Tribunal.
Section 409- Qualification of President and
Members of Tribunal.
Section 410- Constitution of Appellate
Section 411- Qualifications of Chairperson
and Members of Appellate Tribunal.
Section 412- Selection of Members of
Tribunal and Appellate Tribunal.
Section 413- Term of office of President,
Chairperson and other Members.
Section 414- Salary, allowances and other
terms and conditions of service of
Section 439- Offences to be non-cognizable.
Section 442- Mediation and Conciliation
Section 443- Power of Central Government
to appoint company prosecutors.
Section 443- Power of Central Government
to appoint company prosecutors.
Section 445- Compensation for accusation
without reasonable cause.
Section 446- Application of fines
Section 447- Punishment for fraud.
Section 448- Punishment for false statements
Section 449- Punishment for false evidence.
Section 450- Punishment where no specific
penalty or punishment is provided.
Section 451- Punishment in case of repeated default.
Section 452- Punishment for wrongful withholding of property.
Section 453- Punishment for improper use of "Limited" or "Private Limited".
Section 454- Adjudication of penalties.
Section 455- Dormant company.
Section 456- Protection of action taken in good faith.
Section 457- Non-disclosure of information in certain cases.
Section 458- Delegation by Central Government of its powers and functions.
Section 459- Powers of Central Government or Tribunal to accord approval, etc., subject
to conditions and to prescribe fees on applications.
Section 460- Condonation of delay in certain cases.
Section 461- Annual report by Central Government
Section 462- Power to exempt a class or classes of companies from provisions of this Act.
Section 463- Power of court to grant relief in certain cases.
Section 464- Prohibition of association or partnership of persons exceeding certain
Section 467- Power of Central Government to amend Schedules.
Section 468- Power of Central Government
to make rules relating to winding up.
Section 469- Power of Central Government to make rules.
Section 470- Power to remove difficulty

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