Section 60 of Companies Act 2013
Section 60 of Companies Act 2013- Publication of authorised, subscribed and paid-up capital. Section 60(1) of Companies Act 2013 Where any notice, advertisement or other official publication, or any business…
Section 60 of Companies Act 2013- Publication of authorised, subscribed and paid-up capital. Section 60(1) of Companies Act 2013 Where any notice, advertisement or other official publication, or any business…
Section 59 of Companies Act 2013- Rectification of register of members. Section 59(1) of Companies Act 2013 If the name of any person is, without sufficient cause, entered in the…
Section 58 of Companies Act 2013- Refusal of registration and appeal against refusal. Section 58(1) of Companies Act 2013 If a private company limited by shares refuses, whether in pursuance of any…
Section 57 of Companies Act 2013-Punishment for Personation of Shareholder. If any person deceitfully personates as an owner of any security or interest in a company, or of any share warrant or…
Section 56 of Companies Act 2013-Transfer and Transmission of Securities Section 56(1) of Companies Act 2013 A company shall not register a transfer of securities of the company, or the interest of a member in the company in…
Section 55 of Companies Act 2013-Issue and Redemption of Preference Shares Section 55(1) of Companies Act 2013 No company limited by shares shall, after the commencement of this Act, issue any preference…
Section 54 of Companies Act 2013-Issue of Sweat Equity Shares Section 54(1) of Companies Act 2013 Notwithstanding anything contained in section 53, a company may issue sweat equity shares of a class of shares already…
Section 53 of Companies Act 2013-Prohibition on Issue of Shares at Discount. Section 53(1) of Companies Act 2013 Except as provided in section 54, a company shall not issue shares at a discount.…
Section 52 of Companies Act 2013- Application of premiums received on issue of shares. Section 52(1) of Companies Act 2013 Where a company issues shares at a premium, whether for cash or otherwise,…
Section 51 of Companies Act 2013-Payment of dividend in proportion to amount paid-up. A company may, if so authorised by its articles, pay dividends in proportion to the amount paid- up on each share. Previous…
Section 50 of Companies Act 2013- Company to Accept Unpaid Share Capital, Although not Called Up. Section 50(1) of Companies Act 2013 A company may, if so authorised by its articles, accept from…
Section 49 of Companies Act 2013-Calls on Shares of Same Class to be Made on Uniform Basis Where any calls for further share capital are made on the shares of…
Section 48 of Companies Act 2013-Variation of Shareholders' Rights Section 48(1) of Companies Act 2013 Where a share capital of the company is divided into different classes of shares, the rights attached…
Section 47 of Companies Act 2013-Voting Rights Section 47(1) of Companies Act 2013 Subject to the provisions of section 43, sub-section (2) of section 50 and sub-section (1) of section 188],— (a) every member of a company…
Section 46 of Companies Act 2013-Certificate of Shares Section 46(1) of Companies Act 2013 A certificate, issued under the common seal, if any, of the company or signed by two Directors or…
Section 45 of Companies Act 2013-Numbering of Shares Every share in a company having a share capital shall be distinguished by its distinctive number: Provided that nothing in this section shall apply to…
Section 44 of Companies Act 2013-Nature of Shares or Debentures The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company.…
Section 43 of Companies Act 2013-Kinds of Share Capital. The share capital of a company limited by shares shall be of two kinds, namely: — (a) equity share capital— (i) with voting rights;…
Section 42 of Companies Act 2013-Offer or Invitation for Subscription of Securities on Private Placement. Section 42(1) of Companies Act 2013 A company may, subject to the provisions of this section, make a private…
Section 41 of Companies Act 2013-Global Depository Receipt A company may, after passing a special resolution in its general meeting, issue depository receipts in any foreign country in such manner, and subject to such conditions, as…
Section 40 of Companies Act 2013-Securities to be Dealt with in Stock Exchanges Section 40(1) of Companies Act 2013 Every company making public offer shall, before making such offer, make an application…
Section 39 of Companies Act 2013-Allotment of Securities by Company Section 39(1) of Companies Act 2013 No allotment of any securities of a company offered to the public for subscription shall be made unless…
Section 38 of Companies Act 2013- Punishment for Personation for Acquisition, etc., of Securities. Section 38(1) of Companies Act 2013 Any person who— (a) makes or abets making of an application in…
Section 37 of Companies Act 2013- Action by Affected Persons. A suit may be filed or any other action may be taken under section 34 or section 35 or section 36 by any person, group of persons…
Section 36 of Companies Act 2013- Punishment for Fraudulently Inducing Persons to Invest Money Any person who, either knowingly or recklessly makes any statement, promise or forecast which is false, deceptive…
Section 35 of Companies Act 2013- Civil Liability for Mis-statements in Prospectus Section 35(1) of Companies Act 2013 Where a person has subscribed for securities of a company acting on any statement included, or the…
Section 34 of Companies Act 2013-Criminal Liability for Mis-statements in Prospectus Where a prospectus, issued, circulated or distributed under this Chapter, includes any statement which is untrue or misleading in…
Section 33 of Companies Act 2013- Issue of Application Forms for Securities Section 33(1) of Companies Act 2013 No form of application for the purchase of any of the securities of a company shall be…
Section 32 of Companies Act 2013- Red Herring Prospectus Section 32(1) of Companies Act 2013 A company proposing to make an offer of securities may issue a red herring prospectus prior to the issue of a…
Section 31 of Companies Act 2013- Shelf Prospectus Section 31(1) of Companies Act 2013 Any class or classes of companies, as the Securities and Exchange Board may provide by regulations in this…
Section 30 of Companies Act 2013- Advertisement of Prospectus Where an advertisement of any prospectus of a company is published in any manner, it shall be necessary to specify therein the contents of its memorandum as…
Section 29 of Companies Act 2013- Public Offer of Securities to be in Dematerialised Form. Section 29(1) of Companies Act 2013 Notwithstanding anything contained in any other provisions of this Act,— (a)…
Section 28 of Companies Act 2013- Offer of Sale of Shares by Certain Members of Company Section 28(1) of Companies Act 2013 Where certain members of a company propose, in consultation with the Board of Directors to offer, in…
Section 26 of Companies Act 2013- Matters to be Stated in Prospectus Section 26(1) of Companies Act 2013 Every prospectus issued by or on behalf of a public company either with reference to its…
Section 25 of Companies Act 2013-Document Containing Offer of Securities for Sale to be Deemed Prospectus Section 25(1) of Companies Act 2013 Where a company allots or agrees to allot any securities…
Section 24 of Companies Act 2013-Power of Securities and Exchange Board to Regulate Issue and Transfer of Securities, etc. Section 24(1) of Companies Act 2013 The provisions contained in this…
Section 23 of Companies Act 2013-Public Offer and Private Placement Section 23(1) of Companies Act 2013 A public company may issue securities— (a) to public through prospectus (herein referred to as "public offer") by complying…
Section 22 of Companies Act 2013-Execution of Bills of Exchange, etc. Section 22(1) of Companies Act 2013 A bill of exchange, hundi or promissory note shall be deemed to have been made,…
Section 21 of Companies Act 2013-Authentication of Documents, Proceedings and Contracts Save as otherwise provided in this Act,— (a) a document or proceeding requiring authentication by a company; or (b) contracts made by…
Section 20 of Companies Act 2013-Service of Document Section 20(1) of Companies Act 2013 A document may be served on a company or an officer thereof by sending it to the company or the officer at the registered office of…
Section 19 of Companies Act 2013- Subsidiary Company not to hold shares in its Holding Company. Section 19(1) of Companies Act 2013 No company shall, either by itself or through its nominees, hold any…
Section 18 of Companies Act 2013-Conversion of Companies Already Registered Section 18(1) of Companies Act 2013 A company of any class registered under this Act may convert itself as a company of other class…
Section 17 of Companies Act 2013-Copies of Memorandum, Articles, etc., to be Given to member Section 17(1) of Companies Act 2013 A company shall, on being so requested by a member, send to him within seven days…
Section 16 of Companies Act 2013-Rectification of name of company Section 16(1) of Companies Act 2013 If, through inadvertence or otherwise, a company on its first registration or on its registration by…
Section 15 of Companies Act 2013-Alteration of Memorandum or Articles to be Noted in Every Copy Section 15(1) of Companies Act 2013 Every alteration made in the memorandum or articles…
Section 14 of Companies Act 2013-Alteration of Articles Section 14(1) of Companies Act 2013 Subject to the provisions of this Act and the conditions contained in its memorandum, if any,…
Section 13 of Companies Act 2013-Alteration of Memorandum Section 13(1) of Companies Act 2013 Save as provided in section 61, a company may, by a special resolution and after complying…
Section 12 of Companies Act 2013-Registered Office of Company Section 12(1) of Companies Act 2013 A company shall, within thirty days of its incorporation] and at all times thereafter, have a registered office capable…
Section 10A of Companies Act 2013-Commencement of business etc. Section 10A(1) of Companies Act 2013 A company incorporated after the commencement of the Companies (Amendment) Ordinance, 2[2019] and having a share capital…
Section 10 of Companies Act 2013-Effect of Memorandum and articles Section 10(1) of Companies Act 2013 Subject to the provisions of this Act, the memorandum and articles shall, when registered, bind the company and the members thereof to…
Section 9 of Companies Act 2013-Effect of Registration From the date of incorporation mentioned in the certificate of incorporation, such subscribers to the memorandum and all other persons, as may, from time…
Section 8 of Companies Act 2013-Formation of Companies with Charitable Objects, etc. Section 8(1) of Companies Act 2013 Where it is proved to the satisfaction of the Central Government that a person…
Section 7 of Companies Act 2013-Incorporation of company Section 7(1) of Companies Act 2013 There shall be filed with the Registrar within whose jurisdiction the registered office of a Company is proposed to be…
Section 6 of Companies Act 2013-Act to over-ride memorandum, articles, etc. Save as otherwise expressly provided in this Act— (a) the provisions of this Act shall have effect notwithstanding anything…
Section 5 of Companies Act 2013-Articles Section 5(1) of Companies Act 2013 The articles of a company shall contain the regulations for management of the company. Section 5(2) of Companies Act 2013 The articles shall also…
Section 4 of Companies Act 2013-Memorandum Section 4(1) of Companies Act 2013 The memorandum of association of a company shall state— (a) the name of the company with the last word “Limited” in the case of a…
Section 3A of Companies Act 2013-Members Severally Liable in Certain Cases If at any time the number of members of a company is reduced, in the case of a public company, below…
Section 3 of Companies Act 2013-Formation of Company Section 3(1) of Companies Act 2013 A company may be formed for any lawful purpose by— (a) seven or more persons, where the company to be…