(a) subsection (6) “relevant shares”, in relation to a company, means shares in the company other than shares which as respects dividends and capital carry a right … of 2001) 14 May 2001 _____ ARRANGEMENT OF SECTIONS Section PART I – PRELIMINARY 1. Chapter 6 of the South African Companies Act 71 of 2008 Reviewed South African Law has been based on a "creditor friendly approach". Section 7-Saving of Equity and Common Law Section - 6. Query on Section 149 (6) of companies act 2013 - LAW. 2 (41) Application for change in financial year: NCLT-1 (Within 3 months from the date of passing special resolution) 5000/-1.Copy of the memorandum and articles of association 2. Short title 2. Meaning of ‘relative’ as defined in Section 6 of The Companies Act, 1956 A person shall be deemed to be a relative of another if, and only if, (a) they are members of a Hindu undivided family, or (b) they are husband and wife, or (c) the one is related to the other in the manner indicated in *Schedule IA. The CIPC can issue guidance to the public by issuing explanatory notices outlining its procedures or publishing non-binding opinions on the interpretation of any provisions of the Act in terms of section 188(2)(b) of the Companies Act, 2008. Ctrl + Alt + T to open/close. What are the duties of a promoter under the Companies Act 2019, Act 992? When corporations deemed to be related to each other Section 6A.Interests in shares PART II ADMINISTRATION OF ACT Section 7. (2) The provisions of this Act, except sections 6, 7 and 8, clauses (i), (iii) and clause (iv) of section 14, sections 20 and 21, section 31, sections 33, 34 and 35, sections 37 and 38 shall be deemed to have come into force on the 2nd day of November, 2018. [ Effective from 12th September, 2013 except sub-section ( 6 )] [ Sub-section ( 6) is effective from 1st April, 2014] (1) Every company making public offer shall, before making such offer, make an application to one or more recognised stock exchange or exchanges and obtain permission for the securities to be dealt with in … Note on section 340 of the Act Section 340 of the Act states that every former-Act company shall within two years after the commencement date of the Act (i.e., 15th April 1997) apply to … Meaning of “subsidiary” - matters to be disregarded 5. Section 7B. Section 6-Companies formed for Special Purposes Nothing in this Code shall abrogate or affect any special legislation relating to companies carrying on the business of banking, insurance or any other business from time to time subject to special regulation. PRELIMINARY (Sections 1-2) Section 1: Short title, extent, commencement and application. (6) No company, which is registered under section 12 of the Securities and Exchange. (6) Where the Government has, by an order made under sub-section (4), directed that. (a) the court may remove any liquidator of any of the companies, and appoint any person to act as liquidator of any one or more of the companies, (b) the court may give such directions as it thinks fit for the purpose of giving effect to the order, 1 page) Ask a question Section 6, Companies Act 2006 Toggle Table of Contents Table of Contents. in the case where the transaction or proposed transaction has been or will be made with or for the benefit of or on behalf of a corporation which by virtue of section 6 is deemed to be related to the company — that he is a director or chief executive officer (as the case may be) of that corporation, Limited Liability Company Act Subchapter I. Section 6 in The Companies Act, 1956 1. Section 6, Companies Act 2006 Practical Law Primary Source 6-631-0121 (Approx. Power to conduct inspection Section 7C. any debenture or loan or any part thereof shall be converted into shares in a company and. Registrar of Companies, etc. PART II - ADMINISTRATION OF ACT Section 7. There are changes that may be brought into force at a future date. Formation of companies with charitable objects, etc. Section 7C. A company must have (d) 1 or … 7. Section - 8. 07 February 2015 as per sec 149 (6) none of whose relatives has or had pecuniary relationship or transaction with the company, its holding, subsidiary or associate company, or their promoters, or Meaning of “control” 6. - … 6. — (1) A company registered as a public limited company on its original incorporation shall not do business or exercise any borrowing powers unless the registrar of companies has issued it with a certificate under this section or the company is re-registered as another form of company. Power of Minister to exempt from payment of fees Section 7B. such company shall furnish in its financial statement the details of the loan or deposits. appeal has been dismissed, the memorandum of such company shall, where such order has When corporations deemed to be related to each other. Section - 7. Inevitably, in terms of the creditor friendly approach the prospect of corporate rescue thinking does not exist and the emphasis is on liquidation and protection of the rights of creditors. Power to call for examination. Links to this primary source; Content referring to this primary source; Interests in shares. Power to conduct inspection. SECURITIES TO BE DEALT WITH IN STOCK EXCHANGES. The Companies Act 71 of 2008 aims: to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of foreign companies carrying on business within the Republic; Section 7A. List of Relative, As per Schedule 1A :-1. Board of India Act, 1992 and covered under such class or classes of companies as may be. TITLE 6 Commerce and Trade SUBTITLE II Other Laws Relating to Commerce and Trade CHAPTER 18. Meaning of “holding company” and “subsidiary” 4. CIPC. 2. General Provisions § 18-101 Definitions. … Interpretation 3. Title: Microsoft Word - ~1889109.docx This section provides for the manner in respect of regulation of arrangements with respect to acquisition of assets for consideration other than cash. Power of Minister to exempt from payment of fees. Section 7A. Repayment of deposits, etc accepted before commencement of Companies Act, 2013 Section 58A(6) Penalty on the company for accepting or inviting deposits in contravention to the rules made by the Central Government Companies Chap. New Zealand– Section 10(d) of Companies Act, 1993 provides as follows. Subs by Act 65 of 1960, s. 4, for s. 6. The CIPC released the following additional information to assist in the application and implementation of the Companies Act. Section 7D. Subs by Act 31 of 1988, s. 3 (w. e. f. 15. Registrar of Companies, etc. In case of Government company, in clause (a) of sub-section (6) of Section 149, for the word "Board", the words "Ministry or Department of the Central Government which is administratively in charge of the company, or, as the case may be, the State Government" shall be substituted. Section 6. Companies Act 2006, Section 6 is up to date with all changes known to be in force on or before 25 November 2020. For the removal of doubts, it is hereby declared that notwithstanding anything contained in section 6 of the Companies (Amendment) Act, 1969 (17 of 1969 ), this clause shall remain, and shall be deemed always to have remained, in force;] Changes that have been made appear in the content and are referenced with annotations. Meaning of “solvency test” 7. Additional Information. 2. Companies Act 2006, Section 177 is up to date with all changes known to be in force on or before 28 November 2020. Singapore- Section 145 (1) of Singaporean Companies Act provides that every company shall have at least one director ordinarily resident in Singapore. Section 6. As used in this chapter unless the context otherwise requires: (1) References in any Act, other than this Act, to a company formed and registered, or registered, under the Companies (Consolidation) Act 1908 or the Act of 1963 shall, unless the contrary intention appears, be read as references to a company formed and registered, or registered, under whichever of those Acts is appropriate or this Act. Incorporation of company. (2) Subsection (1) applies despite section 26 (2) (f) of the … (6) Where a person has had a third or subsequent order made against him under section 13 or 399 and by virtue of the operation of this section that person is disqualified from being a director or promoter of or from being in any way directly or indirectly concerned or taking part in the management of a company, nothing in this section shall be construed as preventing that person from complying with the order of … 6. prescribed, shall take inter-corporate loan or deposits exceeding the prescribed limit and. Such arrangements shall require prior approval by a resolution in general meeting and if the director or connected person is a director of its holding company, approval is required to be obtained by passing special resolution in general meeting of the … 81:01 3 LAWS OF TRINIDAD AND TOBAGO L.R.O. Act to override memorandum, articles, etc. THE COMPANIES ACT 2001 (Act No. 1988 ). Power to conduct investigation. where no appeal has been preferred to the Tribunal under sub-section (4) or where such. Section 6A. Meaning of “relative” as per Companies Act, 2013 A person shall be deemed to be a relative of another if,- (a) They are members of a Hindu undivided family; or (b) They are husband and wife; or (c) The one is related to the other in the manner indicated below . There are changes that may be brought into force at a future date. 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