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Section List

This document outlines the structure and content of the Companies Act of India. It describes the act's organization into chapters covering topics like incorporation of companies, share capital, acceptance of deposits, registration of charges, management and administration, declaration and payment of dividends, accounts of companies, audits, and appointment and qualifications of directors. The summary provides an overview of the major topics covered in each chapter through references to the relevant section numbers.

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Parth Somani
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© © All Rights Reserved
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0% found this document useful (0 votes)
70 views

Section List

This document outlines the structure and content of the Companies Act of India. It describes the act's organization into chapters covering topics like incorporation of companies, share capital, acceptance of deposits, registration of charges, management and administration, declaration and payment of dividends, accounts of companies, audits, and appointment and qualifications of directors. The summary provides an overview of the major topics covered in each chapter through references to the relevant section numbers.

Uploaded by

Parth Somani
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CHAPTER I: PRELIMINARY (Section 1-2)

Section 1: Short title, extent, commencement and application

Section 2: Definitions

CHAPTER II: INCORPORATION OF COMPANY AND


MATTERS INCIDENTAL THERETO (Section 3-22)
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 articles

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 company

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, etc.


CHAPTER III: PROSPECTUS AND ALLOTMENT OF
SECURITIES (Section 23-42)
Section 23: Public offer and private placement:

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 prospectus

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 securities

Section 34: Criminal liability for misstatements in prospectus

Section 35: Civil liability for misstatements 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 company

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 placement

CHAPTER IV: SHARE CAPITAL AND DEBENTURES


(Section 43-72)
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 48: Variation of shareholders’ 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 securities

Section 57: Punishment for personation of shareholder

Section 58: Refusal of registration and appeal against refusal

Section 59: Rectification of register of members

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 66: Reduction of share capital

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

CHAPTER V: ACCEPTANCE OF DEPOSITS BY


COMPANIES (Section 73-76A)
Section 73: Prohibition on acceptance of deposits from public

Section 74: Repayment of deposits, etc., accepted before commencement of this Act

Section 75: Damages for fraud

Section 76: Acceptance of deposits from public by certain companies

Section 76A: Punishment for contravention of section 73 or section 76

CHAPTER VI: REGISTRATION OF CHARGES (Section 77-


87)
Section 77: Duty to register charges, etc.

Section 78: Application for registration of charge

Section 79: Section 77 to apply in certain matters

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: Company’s register of charges

Section 86: Punishment for contravention

Section 87: Rectification by Central Government in register of charges

CHAPTER VII: MANAGEMENT AND ADMINISTRATION


(Section 88-122)
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 97: Power of Tribunal to call annual general meeting

Section 98: Power of Tribunal to call meetings of members, etc.

Section 99: Punishment for default in complying with provisions of sections 96 to


98

Section 100: Calling of extraordinary general meeting

Section 101: Notice of meeting

Section 102: Statement to be annexed to notice

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 means

Section 109: Demand for poll

Section 110: Postal ballot

Section 111: Circulation of members’ resolution

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 resolutions

Section 115: Resolutions requiring special notice

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-books of general meeting

Section 120: Maintenance and inspection of documents in electronic form

Section 121: Report on annual general meeting

Section 122: Applicability of this Chapter to One Person Company

CHAPTER VIII: DECLARATION AND PAYMENT OF


DIVIDEND (Section 123-127)
Section 123: Declaration of dividend

Section 124: Unpaid Dividend Account

Section 125: Investor Education and Protection Fund

Section 126: Right to dividend, rights shares and bonus shares to be held in
abeyance pending registration of transfer of shares

Section 127: Punishment for failure to distribute dividends

CHAPTER IX: ACCOUNTS OF COMPANIES (Section 128-


138)
Section 128: Books of account, etc., to be kept by company

Section 129: Financial statement

Section 130: Re-opening of accounts on court’s or Tribunal’s orders

Section 131: Voluntary revision of financial statements or Board’s report

Section 132: Constitution of National Financial Reporting Authority

Section 133: Central Government to prescribe accounting standards

Section 134: Financial statement, Board’s report, etc.


Section 135: Corporate Social Responsibility

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

CHAPTER X: AUDIT AND AUDITORS (Section 139-148)


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 services

Section 145: Auditor to sign audit reports, etc.

Section 146: Auditors to attend general meeting

Section 147: Punishment for contravention

Section 148: Central Government to specify audit of items of cost in respect of


certain companies

CHAPTER XI: APPOINTMENT AND QUALIFICATIONS OF


DIRECTORS (Section 149-172)
Section 149: Company to have Board of Directors

Section 150: Manner of selection of independent directors and maintenance of


databank 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


director

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
shareholding

Section 171: Members’ right to inspect

Section 172: Punishment

CHAPTER XII: MEETINGS OF BOARD AND ITS POWERS


(Section 173-195)
Section 173: Meetings of Board

Section 174: Quorum for meetings of Board

Section 175: Passing of resolution by circulation

Section 176: Defects in appointment of directors not to invalidate actions taken

Section 177: Audit Committee

Section 178: Nomination and Remuneration Committee and Stakeholders


Relationship Committee
Section 179: Powers of Board

Section 180: Restrictions on powers of Board

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 director

Section 185: Loan to directors, etc.

Section 186: Loan and investment by company

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


interested

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 Company

Section 194: Prohibition on forward dealings in securities of company by director


or key managerial personnel

Section 195: Prohibition on insider trading of securities

CHAPTER XIII: APPOINTMENT AND REMUNERATION


OF MANAGERIAL PERSONNEL (Section 196-205)
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 198: Calculation of profits

Section 199: Recovery of remuneration in certain cases


Section 200: Central Government or company to fix limit with regard to
remuneration

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 companies

Section 205: Functions of company secretary

CHAPTER XIV: INSPECTION, INQUIRY AND


INVESTIGATION (Section 206-229)
Section 206: Power to call for information, inspect books and conduct inquiries

Section 207: Conduct of inspection and inquiry

Section 208: Report on inspection made

Section 209: Search and seizure

Section 210: Investigation into affairs of company

Section 211: Establishment of Serious Fraud Investigation Office

Section 212: Investigation into affairs of Company by Serious Fraud Investigation


Office

Section 213: Investigation into company’s affairs in other cases

Section 214: Security for payment of costs and expenses of investigation

Section 215: Firm, body corporate or association not to be appointed as inspector

Section 216: Investigation of ownership of company

Section 217: Procedure, powers, etc., of inspectors

Section 218: Protection of employees during investigation

Section 219: Power of inspector to conduct investigation into affairs of related


companies, etc.

Section 220: Seizure of documents by inspector

Section 221: Freezing of assets of company on inquiry and investigation


Section 222: Imposition of restrictions upon securities

Section 223: Inspector’s report

Section 224: Actions to be taken in pursuance of inspector’s report

Section 225: Expenses of investigation

Section 226: Voluntary winding up of company, etc., not to stop investigation


proceedings

Section 227: Legal advisers and bankers not to disclose certain information

Section 228: Investigation, etc., of foreign companies

Section 229: Penalty for furnishing false statement, mutilation, destruction of


documents

CHAPTER XV: COMPROMISES, ARRANGEMENTS AND


AMALGAMATIONS (Section 230-240)
Section 230: Power to compromise or make arrangements with creditors and
members

Section 231: Power of Tribunal to enforce compromise or arrangement

Section 232: Merger and amalgamation of companies

Section 233: Merger or amalgamation of certain companies

Section 234: Merger or amalgamation of company with foreign company

Section 235: Power to acquire shares of shareholders dissenting from scheme or


contract approved by majority

Section 236: Purchase of minority shareholding

Section 237: Power of Central Government to provide for amalgamation of


companies in public interest

Section 238: Registration of offer of schemes involving transfer of shares

Section 239: Preservation of books and papers of amalgamated companies

Section 240: Liability of officers in respect of offences committed prior to merger,


amalgamation, etc.

CHAPTER XVI: PREVENTION OF OPPRESSION AND


MISMANAGEMENT (Section 241-246)
Section 241: Application to Tribunal for relief in cases of oppression, etc.

Section 242: Powers of Tribunal

Section 243: Consequence of termination or modification of certain agreements

Section 244: Right to apply under section 241

Section 245: Class action

Section 246: Application of certain provisions to proceedings under section 241 or


section 245

CHAPTER XVII: REGISTERED VALUERS (Section 247)

Section 247: Valuation by registered valuers

CHAPTER XVIII: REMOVAL OF NAMES OF COMPANIES


FROM THE REGISTER OF COMPANIES (Section 248-
252)
Section 248: Power of Registrar to remove name of company from register of
companies

Section 249: Restrictions on making application under section 248 in certain


situations

Section 250: Effect of company notified as dissolved

Section 251: Fraudulent application for removal of name

Section 252: Appeal to Tribunal

CHAPTER XIX: REVIVAL AND REHABILITATION OF


SICK COMPANIES (Section 253-269)
Section 253: Determination of sickness

Section 254: Application for revival and rehabilitation

Section 255: Exclusion of certain time in computing period of limitation

Section 256: Appointment of interim administrator

Section 257: Committee of creditors

Section 258: Order of Tribunal

Section 259: Appointment of administrator


Section 260: Powers and duties of company administrator

Section 261: Scheme of revival and rehabilitation

Section 262: Sanction of scheme

Section 263: Scheme to be binding

Section 264: Implementation of scheme

Section 265: Winding up of company on report of company administrator

Section 266: Power of Tribunal to assess damages against delinquent directors, etc.

Section 267: Punishment for certain offences

Section 268: Bar of jurisdiction

Section 269: Rehabilitation and Insolvency Fund

CHAPTER XX: WINDING UP (Section 270-365)


Section 270: Modes of winding up

Section 271: Circumstances in which company may be wound up by Tribunal

Section 272: Petition for winding up

Section 273: Powers of Tribunal

Section 274: Directions for filing statement of affairs

Section 275: Company Liquidators and their appointments

Section 276: Removal and replacement of liquidator

Section 277: Intimation to Company Liquidator, provisional liquidator and


Registrar

Section 278: Effect of winding up order

Section 279: Stay of suits, etc., on winding up order

Section 280: Jurisdiction of Tribunal

Section 281: Submission of report by Company Liquidator

Section 282: Directions of Tribunal on report of Company Liquidator

Section 283: Custody of company’s properties

Section 284: Promoters, directors, etc., to cooperate with Company Liquidator


Section 285: Settlement of list of contributories and application of assets

Section 286: Obligations of directors and managers

Section 287: Advisory committee

Section 288: Submission of periodical reports to Tribunal

Section 289: Power of Tribunal on application for stay of winding up

Section 290: Powers and duties of Company Liquidator

Section 291: Provision for professional assistance to Company Liquidator

Section 292: Exercise and control of Company Liquidator’s powers

Section 293: Books to be kept by Company Liquidator

Section 294: Audit of Company Liquidator’s accounts

Section 295: Payment of debts by contributory and extent of set-off

Section 296: Power of Tribunal to make calls

Section 297: Adjustment of rights of contributories

Section 298: Power to order costs

Section 299: Power to summon persons suspected of having property of company,


etc.

Section 300: Power to order examination of promoters, directors, etc.

Section 301: Arrest of person trying to leave India or abscond

Section 302: Dissolution of company by Tribunal

Section 303: Appeals from orders made before commencement of Act

Section 304: Circumstances in which company may be wound up voluntarily

Section 305: Declaration of solvency in case of proposal to wind up voluntarily

Section 306: Meeting of creditors

Section 307: Publication of resolution to wind up voluntarily

Section 308: Commencement of voluntary winding up

Section 309: Effect of voluntary winding up

Section 310: Appointment of Company Liquidator


Section 311: Power to remove and fill vacancy of Company Liquidator

Section 312: Notice of appointment of Company Liquidator to be given to Registrar

Section 313: Cesser of Board’s powers on appointment of Company Liquidator

Section 314: Powers and duties of Company Liquidator in voluntary winding up

Section 315: Appointment of committees

Section 316: Company Liquidator to submit report on progress of winding up

Section 317: Report of Company Liquidator to Tribunal for examination of persons

Section 318: Final meeting and dissolution of company

Section 319: Power of Company Liquidator to accept shares, etc., as consideration


for sale of property of company

Section 320: Distribution of property of company

Section 321: Arrangement when binding on company and creditors

Section 322: Power to apply to Tribunal to have questions determined, etc.

Section 323: Costs of voluntary winding up

Section 324: Debts of all descriptions to be admitted to proof

Section 325: Application of insolvency rules in winding up of insolvent companies

Section 326: Overriding preferential payments

Section 327: Preferential payments

Section 328: Fraudulent preference

Section 329: Transfers not in good faith to be void

Section 330: Certain transfers to be void

Section 331: Liabilities and rights of certain persons fraudulently preferred

Section 332: Effect of floating charge

Section 333: Disclaimer of onerous property

Section 334: Transfers, etc., after commencement of winding up to be void

Section 335: Certain attachments, executions, etc., in winding up by Tribunal to be


void
Section 336: Offences by officers of companies in liquidation

Section 337: Penalty for frauds by officers

Section 338: Liability where proper accounts not kept

Section 339: Liability for fraudulent conduct of business

Section 340: Power of Tribunal to assess damages against delinquent directors, etc.

Section 341: Liability under sections 339 and 340 to extend to partners or directors
in firms or companies

Section 342: Prosecution of delinquent officers and members of company

Section 343: Company Liquidator to exercise certain powers subject to sanction

Section 344: Statement that company is in liquidation

Section 345: Books and papers of company to be evidence

Section 346: Inspection of books and papers by creditors and contributories

Section 347: Disposal of books and papers of company

Section 348: Information as to pending liquidations

Section 349: Official Liquidator to make payments into public account of India

Section 350: Company Liquidator to deposit monies into scheduled bank

Section 351: Liquidator not to deposit monies into private banking account

Section 352: Company Liquidation Dividend and Undistributed Assets Account

Section 353: Liquidator to make returns, etc.

Section 354: Meetings to ascertain wishes of creditors or contributories

Section 355: Court, tribunal or person, etc., before whom affidavit may be sworn

Section 356: Powers of Tribunal to declare dissolution of company void

Section 357: Commencement of winding up by Tribunal

Section 358: Exclusion of certain time in computing period of limitation

Section 359: Appointment of Official Liquidator

Section 360: Powers and functions of Official Liquidator

Section 361: Summary procedure for liquidation


Section 362: Sale of assets and recovery of debts due to company

Section 363: Settlement of claims of creditors by Official Liquidator

Section 364: Appeal by creditor

Section 365: Order of dissolution of company

CHAPTER XXI: PART I – COMPANIES AUTHORISED TO


REGISTER UNDER THIS ACT (Section 366-374)
Section 366: Companies capable of being registered

Section 367: Certificate of registration of existing companies

Section 368: Vesting of property on registration

Section 369: Saving of existing liabilities

Section 370: Continuation of pending legal proceedings

Section 371: Effect of registration under this Part

Section 372: Power of Court to stay or restrain proceedings

Section 373: Suits stayed on winding up order

Section 374: Obligations of companies registering under this Part

CHAPTER XXI: PART II – Winding up of unregistered


companies (Section 375-378)
Section 375: Winding up of unregistered companies

Section 376: Power to wind up foreign companies, although dissolved

Section 377: Provisions of Chapter cumulative

Section 378: Saving and construction of enactments conferring power to wind up


partnership firm, association or company, etc., in certain cases

CHAPTER XXII: COMPANIES INCORPORATED OUTSIDE


INDIA (Section 379-393)
Section 379: Application of Act to foreign companies

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 documents

Section 386: Interpretation

Section 387: Dating of prospectus and particulars to be contained therein

Section 388: Provisions as to expert’s consent and allotment

Section 389: Registration of prospectus

Section 390: Offer of Indian Depository Receipts

Section 391: Application of sections 34 to 36 and Chapter XX

Section 392: Punishment for contravention

Section 393: Company’s failure to comply with provisions of this Chapter not to
affect validity of contracts, etc.

CHAPTER XXIII: GOVERNMENT COMPANIES (Section


394-395)
Section 394: Annual reports on Government companies

Section 395: Annual reports where one or more State Governments are members of
companies

CHAPTER XXIV: REGISTRATION OFFICES AND FEES


(Section 396-404)
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

CHAPTER XXV: COMPANIES TO FURNISH


INFORMATION OR STATISTICS (Section 405)
Section 405: Power of Central Government to direct companies to furnish
information or statistics

CHAPTER XXVI: NIDHIS (Section 406)

Section 406: Power to modify Act in its application to Nidhis

CHAPTER XXVII: NATIONAL COMPANY LAW TRIBUNAL


AND APPELLATE TRIBUNAL (Section 407-434)
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 Tribunal

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
Members

Section 415: Acting President and Chairperson of Tribunal or Appellate Tribunal

Section 416: Resignation of Members

Section 417: Removal of Members

Section 418: Staff of Tribunal and Appellate Tribunal

Section 419: Benches of Tribunal

Section 420: Orders of Tribunal

Section 421: Appeal from orders of Tribunal


Section 422: Expeditious disposal by Tribunal and Appellate Tribunal

Section 423: Appeal to Supreme Court

Section 424: Procedure before Tribunal and Appellate Tribunal

Section 425: Power to punish for contempt

Section 426: Delegation of powers

Section 427: President, Members, officers, etc., to be public servants

Section 428: Protection of action taken in good faith

Section 429: Power to seek assistance of Chief Metropolitan Magistrate, etc.

Section 430: Civil court not to have jurisdiction

Section 431: Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or


proceedings

Section 432: Right to legal representation

Section 433: Limitation

Section 434: Transfer of certain pending proceedings

CHAPTER XXVIII: SPECIAL COURTS (Section 435-446)


Section 435: Establishment of Special Courts

Section 436: Offences triable by Special Courts

Section 437: Appeal and revision

Section 438: Application of Code to proceedings before Special Court

Section 439: Offences to be non-cognizable

Section 440: Transitional provisions

Section 441: Compounding of certain offences

Section 442: Mediation and Conciliation Panel

Section 443: Power of Central Government to appoint company prosecutors

Section 444: Appeal against acquittal

Section 445: Compensation for accusation without reasonable cause

Section 446: Application of fines


CHAPTER XXIX: MISCELLANEOUS (Section 447-470)
Section 447: Punishment for fraud

Section 448: Punishment for false statement

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: Nondisclosure 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 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


number

Section 465: Repeal of certain enactments and savings

Section 466: Dissolution of Company Law Board and consequential provisions

Section 467: Power of Central Government to amend Schedules

Section 468: Powers of Central Government to make rules relating to winding up

Section 469: Power of Central Government to make rules

Section 470: Power to remove difficulties

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