Prohibition of registration of company limited by guarantee with a share capital. Further section 2091d mandates the companiesin certain industries fulfilling certain criteria to maintain particulars relating to utilisation of material or. Format of all statutory registers under companies act taxguru. The company has not accepted any deposits from the public, within the purview of section 58a of the companies act, 1956. The clearing corporation of india limited, 2012 20 11 18. Companies act 20 vs companies act 1956 the companies act, 20 has been passed by lok sabha as well as rajya sabha and the president has given his consent to the same in august 20. Full text containing the act, companies act, 1956, with all the sections, schedules, short. In our opinion, according to the information and explanations given to. But central government approval is not required uls 188 of the companies act, 20. This section 189 is in the place of section 301 of the companies act 1956. Arrest of person trying to leave india or abscond effective from 15th december, 2016 at any time either before or after passing a winding up order, if the tribunal is satisfied that a contributory or a person having property, accounts or papers of the company in his possession is about to leave india. Full text containing the act, companies act, 1956, with all the sections, schedules, short title, enactment date, and footnotes. Register of contracts, companies and firms in which directors. Offences committed by persons other than a company or its officers like trustees, liquidators, contributories etc.
If default is made in complying with sub section 1 or 2, or if any inspection required under this section is refused. Provisions act 1952 or employees state insurance act 1948 cannot be compounded under section 621a of companies act. Explore the companies act 20 and companies act 1956. The register of directors shareholding, maintained under section 307 of the companies act, 1956, will be available for inspection by the members at the egm. Register to be maintained us 301 of the companies act, 1956. The company has made necessary entries in the register maintained under section 301. Section 301 3a in the companies act, 1956 3a nothing in sub sections 1, 2 and 3 shall apply a to any contract or arrangement for the sale, purchase or supply of any goods, materials or services if the value of such goods and materials or the cost of such services does not exceed one thousand rupees in the aggregate in any year. S ection 189 of the companies act 20 requires every company to maintain a register of contracts or arrangements.
Companies act, 1956 format of statutory registers taxguru. Granting loan to companies covered in the register maintained under section 301 of companies act, 1956 will that mean loans given under sec295. Sec 301 register of contracts, companies and firms in which directors are interested. The rate of interest and other terms and conditions of such loans are, prima facie, not prejudicial to the interest of the company. The register is kept at the registered office of the company and is open for inspection as per the provisions of section. The company has neither granted loan to the parties listed in the register maintained under section 301 of the companies act, 1956 nor to the companies under the same management defined under section 370 1b of the companies act, 1956. Powers of company law board on application under section 397 or 398. Query on register to be maintained us 301 of the companies act, 1956 corporate law. In our opinion and according to the information and explanationloan the terms a given to uof s.
There are no companies under the same management as defined under sub section 1b of section 370 of the said act. Companies act, 1956 bare acts law library advocatekhoj. Register of investments in any shares or securities not held in its own name. Shifting registered office from one state to another should be for one of the specified purposes see section 17 1 of the 1956 act filing of a certified copy of the order of central. Register of contracts, companies and firms in which directors are interested. Format of all statutory registers under companies act.
I have come across instances where transactions between holding and subsidiary are recorded in sec 301 register though none of the. The register aforesaid shall be kept at the registered office of the company. The maximum amount outstanding during the year was rs 1,950,186,528 and the yearend balance of such loan amounted to rs nil. Power to order examination of promoters, directors, etc. All transactions with related parties to be mentioned in register. The register of contracts, maintained under section 301 of the companies act, 1956, will be available for inspection by the members at the registered office of the company.
Download format of statutory registers required to be maintained under companies act, 1956. List of statutory registers under companies act, 1956. To conclude in respect of the contracts in which directors are interested there should not be any omission or commission of the procedures mentioned under section 297 and 301 of the companies act. The maximum amount outstanding during the year was rs.
The company has not granted any loan to companies, firms or other parties to be listed in the register to be maintained under section 301 of the companies act, 1956. The maximum amount outstanding during the year was rs 47. Section 301 in the companies act, 1956 indian kanoon. As per the auditors report, the company has entered into certain related party transactions and consequently entries have been made in the register maintained under section 301 of the act. In terms of sub section 6 of section 370 of the companies act, 1956, provisions of the section are not application to a company on or after october 31, 1998. Companies act, 1956 or to the companies under the same management as defined. However, since section 301 requires that the entries should be made, in respect of contracts or arrangements, to which section 297 or section 299 applies, it would be advisible to split the register in 2 parts. Hi can anyone give me a brief description of sec 301 of companies act 1956 for caro report. Format of all statutory registers under companies act 1. The ministry of corporate affairs vide its general circular no 072014, dissemination of information with regards to the provisions of the companies act, 20 as notified till date vis a vis corresponding provisions of the companies act, 1956, dated 01st april 2014 had provided information in respect of such sections of the companies act 1956. The company has granted loans to its holding company.
Parties covered under section 301 of companies act 1956. List of statutory registers under companies act, 1956 sr. The companies act, 20 updated as on 27th july, 2018. The register may be kept with the following columns. Section 301 3a in the companies act, 1956 3a nothing in sub sections 1, 2 and 3 shall applyto any contract or arrangement for the sale, purchase or supply of any goods, materials or services if the value of such goods and materials or the cost of such services does not exceed one thousand rupees in the aggregate in any year. Where any shares or debentures have to be recorded in the said register or to be omitted therefrom. The companies act, 1956 existing act contains 658 sections and xv schedules.
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