| SECTIONS |
Section
522-658 : COMPANIES ACT, 1956 |
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CHAPTER IV : WINDING UP SUBJECT
TO SUPERVISION OF COURT |
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| 522. |
Power
to order winding up subject to supervision |
| 523. |
Effect
of petition for winding up subject to supervision |
| 524. |
[Repealed] |
| 525. |
[Repealed] |
| 526. |
[Repealed] |
| 527. |
[Repealed] |
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CHAPTER V : PROVISIONS APPLICABLE
TO EVERY MODE OF WINDING UP |
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Proof and ranking of claims |
| 528. |
Debts
of all descriptions to be admitted to proof |
| 529. |
Application
of insolvency rules in winding up of insolvent companies |
| 529-A. |
Overriding
preferential payment |
| 530. |
Preferential
payments |
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Effect of winding up on antecedent and
other transactions |
| 531. |
Fraudulent
preference |
| 531-A. |
Avoidance
of voluntary transfer |
| 532. |
Transfers
for benefit of all creditors to be void |
| 533. |
Liabilities
and rights of certain fraudulently preferred persons |
| 534. |
Effect
of floating charge |
| 535. |
Disclaimer
of onerous property in case of a company which is being
wound up |
| 536. |
Avoidance
of transfers, etc., after commencement of winding up |
| 537. |
Avoidance
of certain attachments, executions, etc., in winding up
by Tribunal |
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Offences antecedent to or in course of
winding up |
| 538. |
Offences
by officers of companies in liquidation |
| 539. |
Penalty
for falsification of books |
| 540. |
Penalty
for frauds by officers |
| 541. |
Liability
where proper accounts not kept |
| 542. |
Liability
for fraudulent conduct of business |
| 543. |
Power
of Tribunal to assess damages against delinquent directors,
etc. |
| 544. |
Liability
under sections 542 and 543 to extend to partners or directors
in firm or company |
| 545. |
Prosecution
of delinquent officers and members of company |
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Miscellaneous provisions |
| 546. |
Liquidator
to exercise certain powers subject to sanction |
| 547. |
Notification
that a company is in liquidation |
| 548. |
Books
and papers of company to be evidence |
| 549. |
Inspection
of books and papers by creditors and contributories |
| 550. |
Disposal
of books and papers of company |
| 551. |
Information
as to pending liquidations |
| 552. |
Official
Liquidator to make payments into the public account of
India |
| 553. |
Voluntary
liquidator to make payments into Scheduled Bank |
| 554. |
Liquidator
not to pay moneys into private banking account |
| 555. |
Unpaid
dividends and undistributed assets to be paid into the
Companies Liquidation Account |
| 556. |
Enforcement
of duty of liquidator to make returns, etc. |
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Supplementary powers of Tribunal |
| 557. |
Meetings
to ascertain wishes of creditors or contributories |
| 558. |
Court
or person before whom affidavit may be sworn |
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Provisions as to dissolution |
| 559. |
Power
of Court to declare dissolution of company void |
| 560. |
Power
of Registrar to strike defunct company off register |
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PART VIII: APPLICATION OF ACT
TO COMPANIES FORMED OR REGISTERED UNDER PREVIOUS COMPANIES
LAWS |
| 561. |
Application
of Act to companies formed and registered under previous
companies laws |
| 562. |
Application
of Act to companies registered but not formed under previous
companies laws |
| 563. |
Application
of Act to unlimited companies re-registered under previous
companies laws |
| 564. |
Mode
of transferring shares in the case of companies registered
under Acts 19 of 1857 and 7 of 1860 |
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PART IX : COMPANIES AUTHORISED
TO REGISTER UNDER THIS ACT |
| 565. |
Companies
capable of being registered |
| 566. |
Definition
of "joint-stock company" |
| 567. |
Requirements
for registration of joint-stock companies |
| 568. |
Requirements
for registration of companies not being "joint-stock companies" |
| 569. |
Authentication
of statements of existing companies |
| 570. |
Power
of Registrar to require evidence as to nature of company |
| 571. |
Notice
to customers on registration of banking company with limited
liability |
| 572. |
Change
of name for purposes of registration |
| 573. |
Addition
of "Limited" or "Private Limited" to name |
| 574. |
Certificate
of registration of existing companies |
| 575. |
Vesting
of property on registration |
| 576. |
Saving
for existing liabilities |
| 577. |
Continuation
of pending legal proceedings |
| 578. |
Effect
of registration under Part |
| 579. |
Power
to substitute memorandum and articles for deed of settlement |
| 580. |
Power
of Court to stay or restrain proceedings |
| 581. |
Suits
stayed on winding up order |
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PART IXA: CHAPTER I : PRODUCER
COMPANIES |
| 581-A. |
Definitions |
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CHAPTER II : INCORPORATION OF
PRODUCER COMPANIES AND OTHER MATTERS |
| 581-B. |
Objects
of Producer Company |
| 581-C. |
Formation
of Producer Company and its registration |
| 581-D. |
Membership
and voting rights of Members of Producer Company |
| 581-E. |
Benefits
to Members |
| 581-F. |
Memorandum
of Producer Company |
| 581-G. |
Articles
of association |
| 581-H. |
Amendment
of memorandum |
| 581-I. |
Amendment
of articles |
| 581-J. |
Option
to inter-State co-operative societies to become Producer
Companies |
| 581-K. |
Effect
of incorproation of Producer Company |
| 581-L. |
Vesting
of undertaking in Producer Company |
| 581-M. |
Concession,
etc., to be deemed to have been granted to Producer Company |
| 581-N. |
Provisions
in respect of officers and other employees of inter-State
co-operative society |
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CHAPTER III: MANAGEMENT OF PRODUCER
COMPANY |
| 581-O. |
Number
of directors |
| 581-P. |
Appointment
of directors |
| 581-Q. |
Vacation
of office by directors |
| 581-R. |
Powers
and functions of Board |
| 581-S. |
Matters
to be transacted at general meeting |
| 581-T. |
Liability
of directors |
| 581-U. |
Committee
of directors |
| 581-V. |
Meetings
of Board and quorum |
| 581-W. |
Chief
Executive and his functions |
| 581-X. |
Secretary
of Producer Company |
| 581-Y. |
Quorum |
| 581-Z. |
Voting
rights |
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CHAPTER IV: GENERAL MEETINGS |
| 581-ZA.. |
Annual
general meetings |
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CHAPTER V: SHARE CAPITAL AND
MEMBERS RIGHTS |
| 581-ZB. |
Share
capital |
| 581-ZC. |
Special
user rights |
| 581-ZD. |
Transferability
of shares and attendant rights |
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CHAPTER VI: FINANCE, ACCOUNTS
AND AUDIT |
| 581-ZE. |
Books
of account |
| 581-ZF. |
Internal
audit |
| 581-ZG. |
Duties
of auditor under this Part |
| 581-ZH. |
Donations
or subscription by Producer Company |
| 581-ZI. |
General
and other reserves |
| 581-ZJ. |
Issue
of bonus shares |
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CHAPTER VII: LOANS TO MEMBERS
AND IN VESTMENTS |
| 581-ZK. |
Loan,
etc., to Members |
| 581-ZL. |
Investment
in other companies formation of subsidiaries, etc. |
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CHAPTER VIII: PENALTIES |
| 581-ZM. |
Penalty
for contravention |
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CHAPTER IX: AMALGAMATION, MERGER
OR DIVISION |
| 581-ZN. |
Amalgamation,
merger or division, etc., to form new Producer Companies |
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CHAPTER X: RESOLUTION OF DISPUTES |
| 581-ZO. |
Disputes |
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CHAPTER XI: MISCELLANEOUS PROVISIONS |
| 581-ZP. |
Strike
off name of Producer Company |
| 581-ZQ. |
Provisions
of this Part to override other laws |
| 581-ZR. |
Application
of provisions relating to private companies |
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CHAPTER XII: RECONVERSION
OF PRODUCER COMPANY TO INTER-STATE CO-OPERATIVE SOCIETY
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| 581-ZS. |
Reconversion
of Producer Company to inter-State co-operative society |
| 581-ZT. |
Power
to modify Act in its application to Producer Companies |
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PART X: WINDING UP OF UNREGISTERED
COMPANIES |
| 582. |
Meaning
of "unregistered company" |
| 583. |
Winding
up of unregistered companies |
| 584. |
Power
to wind up foreign companies, although dissolved |
| 585. |
Contributories
in winding up of unregistered company |
| 586. |
Power
to stay or restrain proceedings |
| 587. |
Suits,
etc., stayed or winding up order |
| 588. |
Directions
as to property in certain cases |
| 589. |
Provisions
of Part cumulative |
| 590. |
Saving
and construction of enactments conferring power to wind
up partnership, association or company in certain cases |
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PART XI: COMPANIES INCORPORATED
OUTSIDE INDIA |
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Provisions as to establishment of places
of business in India |
| 591. |
Application
of sections 592 to 602 to foreign companies |
| 592. |
Documents,
etc., to be delivered to Registrar by foreign companies
carrying on business in India |
| 593. |
Return
to be delivered to Registrar by foreign company where
documents, etc., altered |
| 594. |
Accounts
of foreign company |
| 595. |
Obligation
to state name of foreign company, whether limited, and
country where incorporated |
| 596. |
Service
on foreign company |
| 597. |
Office
where documents to be delivered |
| 598. |
Penalties |
| 599. |
Company's
failure to comply with Part not to affect its liability
under contracts, etc. |
| 600. |
Registration
of charges, appointment of receiver and books of account |
| 601. |
Fees
for registration of documents under Part |
| 602. |
Interpretation
of foregoing sections of Part |
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Prospect uses |
| 603. |
Dating
of prospectus and particulars to be contained therein |
| 604. |
Provisions
as to expert's consent and allotment |
| 605. |
Registration of prospectus |
| 605-A. |
Offer
of Indian Depository Receipts |
| 606. |
Penalty
for contravention of sections 603, 604 and 605. |
| 607. |
Civil
liability for mis-statements in prospectus |
| 608. |
Interpretation
of provisions as to prospectuses |
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PART XII: REGISTRATION OFFICES
AND OFFICERS AND FEES |
| 609. |
Registration
offices |
| 610. |
Inspection,
production and evidence of documents kept by Registrar |
| 610-A. |
Admissibility
of micro films, facsimile copies of documents, computer
printouts and documents on computer media as documents
and as evidence |
| 610-B. |
Provisions
relating to filing of applications, documents, inspection,
etc., through electronic form |
| 610-C. |
Power
to modify Act in relation to electronic records (including
the manner and form in which electronic records shall
be filed) |
| 610-D. |
Providing
of value added services through electronic form |
| 610-E. |
Application
of provision of Act 21 of 2000. |
| 611. |
Fees
in Schedule X to be paid 471 |
| 612. |
Fees,
etc., paid to Registrar and other officers to be accounted
for to Central Government |
| 613. |
Power
of Central Government to reduce fees, charges, etc. |
| 614. |
Enforcement
of duty of company to make returns, etc., to Registrar |
| 614-A. |
Power
of Court trying offences under the Act to direct the filing
of documents with Registrar |
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PART XIII: GENERAL |
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Collection of information and statistics
from companies |
| 615. |
Power
of Central Government to direct companies to furnish information
or statistics |
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Application of Act to companies governed
by special Acts |
| 616. |
Application
of Act to insurance, banking, electricity supply and other
companies governed by special Acts |
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Application of Act to Government companies |
| 617. |
Definition
of "Government Company" |
| 618. |
[Repealed] |
| 619. |
Application
of sections 224 to 233 to Government companies |
| 619-A. |
Annual
reports on Government companies |
| 619-B. |
Provisions
of section 619 to apply to certain companies |
| 620. |
Power
to modify Act in relation to Government companies |
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Modification of Act in its application
to Nidhis and Mutual Benefit Societies |
| 620-A. |
Power
to modify Act in its application to Nidhis, etc. |
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Special provision as to companies ñ
Goa, Daman and Diu |
| 620-B. |
Special
provision as to companies in Goa, Daman and Diu |
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Special pro vision as to companies in
Jammu and Kashmir |
| 620-C. |
Special
provision as to companies in Jammu and Kashmir |
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Offences |
| 621. |
Offences
against Act to be cognizable only on complaint by Registrar,
shareholder or Government |
| 621-A. |
Composition
of certain offences |
| 622. |
Jurisdiction
to try offences |
| 623. |
Certain
offences, triable summarily in Presidency towns |
| 624. |
Offences
to be non-cognizable |
| 624-A. |
Power
of Central Government to appoint company prosecutors |
| 624-B. |
Appeal
against acquittal |
| 625. |
Payment
of compensation in cases of frivolous or vexatious prosecution |
| 626. |
Application
of fines |
| 627. |
Production
and inspection of books where offence suspected |
| 628. |
Penalty
for false statements |
| 629. |
Penalty
for false evidence |
| 629-A. |
Penalty
where no specific penalty is provided elsewhere in the
Act |
| 630. |
Penalty
for wrongful withholding of property |
| 631. |
Penalty
for improper use of words "Limited" and "Private Limited" |
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Legal proceedings |
| 632. |
Power
to require limited company to give security for costs |
| 633. |
Power
of Court to grant relief in certain cases |
| 634. |
Enforcement
of orders of Courts |
| 634-A. |
Enforcement
of orders of Company Law Board |
| 635. |
Enforcement
of orders of one Court by other Courts |
| 635-A. |
Protection
of acts done in good faith |
| 635-AA. |
Non-disclosure
of information in certain cases |
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Temporary protection of employees |
| 635-B. |
Protection
of employees during investigation by Inspector or pendency
of proceeding before Appellate Tribunal in certain cases |
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Reduction of fees payable to company |
| 636. |
Reduction
of fees, charges, etc., payable to company |
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Delegation of powers and functions of
Central Government |
| 637. |
Delegation
by Central Government of its powers and functions under
Act |
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Grant of approval, etc., subject to conditions
and levy of fees on applications |
| 637-A. |
Power
of Central Government or Tribunal to accord approval,
etc., subject to conditions and to prescribe fees on applications |
| 637-AA. |
Power
of Central Government to fix a limit with regard to remuneration |
| 637-B. |
Condonation
of delays in certain cases |
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Annual report on working of act |
| 638. |
Annual
report by Central Government |
| 639. |
[Repealed] |
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Validation of registration of firms in
certain cases |
| 640. |
Validation
of registration of firms as members of charitable and
other companies |
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Computation of time for filing orders
of Court or the Tribunal |
| 640-A. |
Exclusion
of time required in obtaining copies of orders of Court
or Company Law Board |
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Schedules, Forms and Rules |
| 640-B. |
Forms
of, and procedure in relation to, certain applications |
| 641. |
Power
to alter Schedules |
| 642. |
Power
of Central Government to make rules |
| 643. |
Power
of Central government to make rules relating to winding
up |
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Repeals and savings |
| 644. |
Repeal
of Acts specified in Schedule XII |
| 645. |
Saving
of orders, rules, etc., in force at commencement of Act |
| 646. |
Saving
of operation of section 138 of Act 7 of 1913 |
| 647. |
Saving
of pending proceedings for winding up |
| 647-A. |
Transfer
of winding up proceedings to Tribunal |
| 648. |
Saving
of prosecutions instituted by liquidator or Court under
section 237 of Act 7 of 1913 |
| 649. |
Construction
of references to former enactments in documents |
| 650. |
Construction
of "registrar of joint stock companies" in Act 21 of 1860 |
| 651. |
Construction
of references to extraordinary resolution in articles,
etc. |
| 651-A. |
Reference
of winding up of companies in other laws |
| 652. |
Appointment
under previous companies laws to have effect as if made
under Act |
| 653. |
Former
registration offices continued |
| 654. |
Registers
under previous companies laws to be deemed to be part
of registers under Act |
| 655. |
Funds
and accounts under Act to be in continuation of funds
and accounts under previous companies law |
| 656. |
Saving
of incorporation under repealed Acts |
| 657. |
Saving
of certain Tables under previous companies laws |
| 658. |
Section
6 of the General Clauses Act, 1897 (10 of 1897) to apply
in addition to sections 645 to 657 of Act |
