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 | [Repealed] |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 | [Repealed] |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 | [Repealed] |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 | [Repealed] |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 |
| 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 |
| 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 |
| 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 |
| 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. |
| Supplementary powers of Tribunal |
557. | Meetings to ascertain wishes of creditors or contributories |
558. | Court or person before whom affidavit may be sworn |
| 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 |
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 |
| 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 |
| 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 |
| Collection of information and statistics from companies |
615. | Power of Central Government to direct companies to furnish information or statistics |
| 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 |
| 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 |
| Modification of Act in its application to Nidhis and Mutual Benefit Societies |
620-A. | Power to modify Act in its application to Nidhis, etc. |
| Special provision as to companies ñ Goa, Daman and Diu |
620-B. | Special provision as to companies in Goa, Daman and Diu |
| Special pro vision as to companies in Jammu and Kashmir |
620-C. | Special provision as to companies in Jammu and Kashmir |
| 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" |
| 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 |
| Temporary protection of employees |
635-B. | Protection of employees during investigation by Inspector or pendency of proceeding before Appellate Tribunal in certain cases |
| Reduction of fees payable to company |
636. | Reduction of fees, charges, etc., payable to company |
| Delegation of powers and functions of Central Government |
637. | Delegation by Central Government of its powers and functions under Act |
| 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 |
| Annual report on working of act |
638. | Annual report by Central Government |
639. | [Repealed] |
| Validation of registration of firms in certain cases |
640. | Validation of registration of firms as members of charitable and other companies |
| 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 |
| 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 |
| 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 |