Companies Act 2001 - Rules for Companies

Topics: Types of companies, Corporation, Stock market Pages: 424 (97694 words) Published: March 12, 2013
THE COMPANIES ACT 2001

Act No. 15 of 2001

I assent

CASSAM UTEEM
6 June 2001President of the Republic

________________

ARRANGEMENT OF SECTIONS

Section

PART I – PRELIMINARY

|1. |Short title | |2. |Interpretation | |3. |Meaning of “holding company” and “subsidiary” | |4. |Meaning of “subsidiary” - matters to be disregarded | |5. |Meaning of “control” | |6. |Meaning of “solvency test” | |7. |Stated capital | |8. |Public notice | |9. |Act binds the State |

PART II – THE REGISTRAR

|10. |The Registrar | |11. |Registers | |12. |Registration of documents | |13. |Use of computer system | |14. |Inspection and evidence of registers | |15. |Registrar’s powers of inspection | |16. |Appeals from Registrar’s decisions | |17. |Power to require compliance | |18. |Extending time for doing any required act | |19. |Lost documents | |20. |Power of Registrar to reconstitute file |

PART III – INCORPORATION

Sub-Part A – Essential requirements

|21. |Essential requirements and different types of companies |

Sub-Part B – Method of incorporation

|22. |Right to apply for incorporation | |23. |Application for incorporation | |24. |Incorporation | |25. |Certificate of incorporation | |26. |Separate legal personality |

PART IV – CAPACITY, POWERS AND VALIDITY OF ACTS

|27. |Capacity and powers...
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