Company Act 1956

Topics: Limited liability, Corporation, Types of companies Pages: 52 (7791 words) Published: January 13, 2013
Companies act 1956

Part IPreliminary

1Short title, commencement and extent.


2AInterpretation of certain words and expressions.

3Definitions of "company", "existing company", "private company" and "public company".

4Meaning of "holding company" and "subsidiary".

4APublic Financial Institutions.

5Meaning of "officer who is in default".

6Meaning of "relative".

7Interpretation of "person in accordance with whose directions or instructions directors are accustomed to act".

8Power of Central Government to declare an establishment not to be a branch office.

9Act to override memorandum, articles, etc.

10Jurisdiction of Courts.





Part I-ABoard of Company Law administration.
10EConstitution of Board of Company Law Administration.

10FAppeals against the orders of the Company Law Board.

Part IIIncorporation of Company and Matters Incidental thereto.
11Prohibition of associations and partnerships exceeding certain number.

12Mode of forming incorporated company.

13Requirements with respect to memorandum.

14Form of memorandum.

15Printing and signature of memorandum.

15ASpecial provision as to alteration of memorandum consequent on alteration of name of State of Madras.

15BSpecial provision as to alteration of memorandum consequent on alteration of name of State of Mysore.

16Alteration of memorandum.

17Special resolution and confirmation by [Company Law Board] required for alteration of memorandum.

17AChange of registered office within a State

18Alteration to be registered within three months.

19Effect of failure to register.

20Companies not to be registered with undesirable names.

21Change of name by company.

22Rectification of name of company.

23Registration of change of name and effect thereof.

24Change of name of existing private limited companies.

25Power to dispense with "Limited" in name of charitable or other company.

26Articles prescribing regulations.

27Regulations required in case of unlimited company, company limited by guarantee or private company limited by shares.

28Adoption and application of Table A in the case of companies limited by shares.

29Form of articles in the case of other companies.

30Form and signature of articles.

31Alteration of articles by special resolution.

32Registration of unlimited company as limited, etc.

33Registration of memorandum and articles.

34Effect of registration.

35Conclusiveness of certificate of incorporation.

36Effect of memorandum and articles.

37Provision as to companies limited by guarantee.

38Effect of alteration in memorandum or articles.

39Copies of memorandum and articles, etc., to be given to members.

40Alteration of memorandum or articles, etc., to be noted in every copy.

41Definition of "member".

42Membership of holding company.

43Consequences of default in complying with conditions constituting a company a private company.

43APrivate company to become public company in certain cases.

44Prospectus or statement in lieu of prospectus to be filed by private company on ceasing to be private company.

45Members severally liable for debts where business carried on with fewer than seven, or in the case of a private company, two members.

46Form of contracts.

47Bills of exchange and promissory notes.

48Execution of deeds.

49Investments of company to be held in its own name.

50Power for company to have official seal for use outside India.

51Service of documents on company.

52Service of documents on Registrar.

53Service of documents on members by company.

54Authentication of documents and Proceedings.

Part IIIProspectus and Allotment, and other matters relating to issue of shares or debentures.
55Dating of prospectus.

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