The following table summarises the sections of the Companies Act, 2013 that have been made effective from 12 September 2013:
|
Section Name |
Chapter 1 |
Preliminary |
2 |
Definitions (except 2, 7, 13, 23, 29 sub-clause(iv), 31, 41, 42, 47, 48, 62, 67 sub-clause(ix), 83, 85, 87 proviso and explanation (d)) |
Chapter 2 |
Incorporation of the Company and Matters Incidental Thereto |
19 |
Subsidiary company not to hold the shares in the holding company |
21 |
Authentication of documents, proceedings and contracts |
22 |
Execution of acts of exchange, etc. |
Chapter 3 |
Prospectus and Allotment of Securities |
23 |
Public offer and private placements (except clause (b) of sub-section 1, sub-section 2) |
24 |
Power of Securities and Exchange Board to regulate issue and transfer of securities, etc. |
25 |
Document containing offer of securities for sale to be deemed prospectus (except sub-section 3) |
29 |
Public offer of securities to be in dematerialised form |
30 |
Advertisement of prospectus |
31 |
Shelf prospectus |
32 |
Red herring prospectus |
33 |
Issue of application forms for securities (except sub-section 3) |
34 |
Criminal liability for mis-statements in prospectus |
35 |
Civil liability for mis-statements in prospectus (except sub-section 1 clause (e)) |
36 |
Punishment for fraudulently inducing persons to invest money |
37 |
Action by affected persons |
38 |
Punishment for personation for acquisition, etc., of securities |
39 |
Allotment of securities by company (except sub-section 4) |
40 |
Securities to be dealt with in stock exchanges (except sub-section 6) |
Chapter 4 |
Share Capital and Debentures |
44 |
Nature of shares or debentures |
45 |
Numbering of shares |
49 |
Calls on shares of same class to be made on uniform basis |
50 |
Company to accept unpaid share capital, although not called up |
51 |
Payment of dividend in proportion to amount paid-up |
57 |
Punishment for personation of shareholder |
58 |
Refusal of registration and appeal against refusal |
59 |
Rectification of register of members |
60 |
Publication of authorised, subscribed and paid-up capital |
65 |
Unlimited company to provide for reserve share capital on re-registration |
69 |
Transfer of certain sums to capital redemption reserve account |
70 |
Prohibition for buy-back in certain circumstances (except sub-section 2) |
Chapter 6 |
Registration Charges |
86 |
Punishment for contravention |
Chapter 7 |
Management and Administration |
91 |
Power to close register of members or debenture holders or other security holders |
100 |
Calling of extraordinary general meeting (except sub-section 6) |
102 |
Statement to be annexed to notice |
103 |
Quorum for meetings |
104 |
Chairman of meetings |
105 |
Proxies (except sub-section 1 (third and fourth proviso),sub-section 7) |
106 |
Restriction on voting rights |
107 |
Voting by show of hands |
111 |
Circulation of members' resolution |
112 |
Representation of President and Governors in meetings |
113 |
Representation of corporations at meeting of companies and of creditors (except sub-section 1 (clause b)) |
114 |
Ordinary and special resolutions |
116 |
Resolutions passed at adjourned meeting |
Chapter 8 |
Declaration and Payment of Dividend |
127 |
Punishment for failure to distribute dividends |
Chapter 9 |
Accounts of Companies |
133 |
Central Government to prescribe accounting standards |
Chapter 11 |
Appointment and Qualifications of Directors |
161 |
Appointment of additional director, alternate director and nominee director (except sub-section 2) |
162 |
Appointment of directors to be voted individually |
163 |
Option to adopt principle of proportional representation for appointment of directors |
Chapter 12 |
Meeting of Board and its Powers |
176 |
Defects in appointment of directors not to invalidate actions taken |
180 |
Restrictions on powers of Board |
181 |
Company to contribute to bona fide and charitable funds, etc. |
182 |
Prohibitions and restrictions regarding political contributions |
183 |
Power of Board and other persons to make contributions to the national defence fund, etc. |
185 |
Loan to directors, etc. |
192 |
Restriction on non-cash transactions involving directors |
194 |
Prohibition on forward dealings in securities of company by a key managerial personnel |
195 |
Prohibition on insider trading of securities |
Chapter 13 |
Appointment and Remuneration of Managerial Personnel |
202 |
Compensation for loss of office of managing or whole-time director or manager |
Chapter 22 |
Companies Incorporated Outside India |
379 |
Application of Act to foreign companies |
382 |
Display of name, etc., of foreign company |
383 |
Service on foreign company |
386 |
Interpretation (except clause (a)) |
Chapter 23 |
Government Companies |
394 |
Annual reports on Government companies |
Chapter 25 |
Companies to furnish Information or Statistics |
405 |
Power of Central Government to direct companies to furnish information or statistics |
Chapter 27 |
National Company Law Tribunal and Appellate |
407 |
Definitions |
408 |
Constitution of National Company Law Tribunal |
409 |
Qualification of President and Members of Tribunal |
410 |
Constitution of Appellate Tribunal |
411 |
Qualification of Chairperson and Members of Appellate Tribunal |
412 |
Selection of Members of Tribunal and Appellate Tribunal |
413 |
Term of office of President, Chairperson and other Members |
414 |
Salary, allowances and other terms and conditions of service of Members |
Chapter 28 |
Special Courts |
439 |
Offences to be non-cognizable |
443 |
Power of Central Government to appoint company prosecutors |
444 |
Appeal against acquittal |
445 |
Compensation for accusation without reasonable cause |
446 |
Application of fines |
Chapter 29 |
Miscellaneous |
447 |
Punishment for fraud |
448 |
Punishment for false statements |
449 |
Punishment for false evidence |
450 |
Punishment where no specific penalty or punishment is provided |
451 |
Punishment in case of repeated default |
452 |
Punishment for wrongful withholding of property |
453 |
Punishment for improper use of "Limited" or "Private Limited" |
456 |
Protection of action taken in good faith |
457 |
Non-disclosure of information in certain cases |
458 |
Delegation by Central Government of its powers and functions |
459 |
Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications |
460 |
Condonation of delay in certain cases |
461 |
Annual report by Central Government |
462 |
Power to exempt a class or classes of companies from provisions of this Act |
463 |
Power of Court to grant relief in certain cases |
467 |
Power of Central Government to amend Schedules |
468 |
Power of Central Government to make rules relating to winding up |
469 |
Power of Central Government to make rules |
470 |
Power to remove difficulties |