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The Companies Act, 2013

Central

An Act to consolidate and amend the law relating to companies.

Act number
18 of 2013
Ministry
Ministry of Corporate Affairs
Enacted
29 Aug 2013

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

527 sections

  1. Section 1Short title, extent, commencement and application.
  2. Section 2Definitions.
  3. Section 3Formation of company.
  4. Section 3AMembers severally liable in certain cases.
  5. Section 4Memorandum.
  6. Section 5Articles.
  7. Section 6Act to override memorandum, articles, etc.
  8. Section 7Incorporation of company.
  9. Section 8Formation of companies with charitable objects, etc.
  10. Section 9Effect of registration.
  11. Section 10Effect of memorandum and articles.
  12. Section 10ACommencement of business, etc.
  13. Section 11[Omitted].
  14. Section 12Registered office of company.
  15. Section 13Alteration of memorandum.
  16. Section 14Alteration of articles.
  17. Section 15Alteration of memorandum or articles to be noted in every copy.
  18. Section 16Rectification of name of company.
  19. Section 17Copies of memorandum, articles, etc., to be given to members.
  20. Section 18Conversion of companies already registered.
  21. Section 19Subsidiary company not to hold shares in its holding company.
  22. Section 20Service of documents.
  23. Section 21Authentication of documents, proceedings and contracts.
  24. Section 22Execution of bills of exchange, etc.
  25. Section 23Public offer and private placement.
  26. Section 24Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.
  27. Section 25Document containing offer of securities for sale to be deemed prospectus.
  28. Section 26Matters to be stated in prospectus.
  29. Section 27Variation in terms of contract or objects in prospectus.
  30. Section 28Offer of sale of shares by certain members of company.
  31. Section 29Public offer of securities to be in dematerialised form.
  32. Section 30Advertisement of prospectus.
  33. Section 31Shelf prospectus.
  34. Section 32Red herring prospectus.
  35. Section 33Issue of application forms for securities
  36. Section 34Criminal liability for mis-statements in prospectus.
  37. Section 35Civil liability for mis-statements in prospectus.
  38. Section 36Punishment for fraudulently inducing persons to invest money.
  39. Section 37Action by affected persons.
  40. Section 38Punishment for personation for acquisition, etc., of securities
  41. Section 39Allotment of securities by company.
  42. Section 40Securities to be dealt with in stock exchanges.
  43. Section 41Global depository receipt.
  44. Section 42Issue of shares on private placement basis.
  45. Section 43Kinds of share capital.
  46. Section 44Nature of shares or debentures.
  47. Section 45Numbering of shares
  48. Section 46Certificate of shares.
  49. Section 47Voting rights
  50. Section 48Variation of shareholders‘ rights
  51. Section 49Calls on shares of same class to be made on uniform basis.
  52. Section 50Company to accept unpaid share capital, although not called up.
  53. Section 51Payment of dividend in proportion to amount paid-up
  54. Section 52Application of premiums received on issue of shares.
  55. Section 53Prohibition on issue of shares at discount.
  56. Section 54Issues of sweat equity shares
  57. Section 55Issue and redemption of preference shares.
  58. Section 56Transfer and transmission of securities.
  59. Section 57Punishment for personation of shareholder.
  60. Section 58Refusal of registration and appeal against refusal.
  61. Section 59Rectification of register of members.
  62. Section 60Publication of authorised, subscribed and paid-up capital.
  63. Section 61Power of limited company to alter its share capital.
  64. Section 62Further issue of share capital.
  65. Section 63Issue of bonus shares
  66. Section 64Notice to be given to Registrar for alteration of share capital.
  67. Section 65Unlimited company to provide for reserve share capital on conversion into limited company.
  68. Section 66Reduction of share capital.
  69. Section 67Restrictions on purchase by company or giving of loans by it for purchase of its shares.
  70. Section 68Power of company to purchase its own securities.
  71. Section 69Transfer of certain sums to capital redemption reserve account.
  72. Section 70Prohibition for buy-back in certain circumstances.
  73. Section 71Debentures
  74. Section 72Power to nominate.
  75. Section 73Prohibition on acceptance of deposits from public.
  76. Section 74Repayment of deposits, etc., accepted before commencement of this Act.
  77. Section 75Damages for fraud.
  78. Section 76Acceptance of deposits from public by certain companies.
  79. Section 76APunishment for contravention of section 73 or section 76.
  80. Section 77Duty to register charges, etc
  81. Section 78Application for registration of charge
  82. Section 79Section 77 to apply in certain matters.
  83. Section 80Date of notice of charge.
  84. Section 81Register of charges to be kept by Registrar.
  85. Section 82Company to report satisfaction of charge
  86. Section 83Power of Registrar to make entries of satisfaction and release in absence of intimation from company.
  87. Section 84Intimation of appointment of receiver or manager.
  88. Section 85Company‘s register of charges.
  89. Section 86Punishment for contravention.
  90. Section 87Rectification by Central Government in Register of charges.
  91. Section 88Register of members, etc.
  92. Section 89Declaration in respect of beneficial interest in any share
  93. Section 90Register of significant beneficial owners in a Company.
  94. Section 91Power to close register of members or debenture holders or other security holders
  95. Section 92Annual return.
  96. Section 93Omitted.
  97. Section 94Place of keeping and inspection of registers, returns, etc.
  98. Section 95Registers, etc., to be evidence.
  99. Section 96Annual general meeting.
  100. Section 97Power of Tribunal to call annual general meeting
  101. Section 98Power of Tribunal to call meetings of members, etc
  102. Section 99Punishment for default in complying with provisions of sections 96 to 98.
  103. Section 100Calling of extraordinary general meeting.
  104. Section 101Notice of meeting.
  105. Section 102Statement to be annexed to notice
  106. Section 103Quorum for meetings
  107. Section 104Chairman of meetings.
  108. Section 105Proxies
  109. Section 106Restriction on voting rights.
  110. Section 107Voting by show of hands.
  111. Section 108Voting through electronic means.
  112. Section 109Demand for poll.
  113. Section 110Postal ballot.
  114. Section 111Circulation of members‘ resolution.
  115. Section 112Representation of President and Governors in meetings.
  116. Section 113Representation of corporations at meeting of companies and of creditors.
  117. Section 114Ordinary and special resolutions.
  118. Section 115Resolutions requiring special notice
  119. Section 116Resolutions passed at adjourned meeting
  120. Section 117Resolutions and agreements to be filed.
  121. Section 118. Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot.
  122. Section 119Inspection of minute-books of general meeting
  123. Section 120Maintenance and inspection of documents in electronic form.
  124. Section 121Report on annual general meeting.
  125. Section 122Applicability of this Chapter to One Person Company
  126. Section 123Declaration of dividend
  127. Section 124Unpaid Dividend Account
  128. Section 125Investor Education and Protection Fund.
  129. Section 126Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares.
  130. Section 127Punishment for failure to distribute dividends.
  131. Section 128Books of account, etc., to be kept by company
  132. Section 129Financial statement.
  133. Section 129APeriodical financial results.
  134. Section 130Re-opening of accounts on court‘s or Tribunal‘s orders
  135. Section 131Voluntary revision of financial statements or Board‘s report
  136. Section 132Constitution of National Financial Reporting Authority
  137. Section 133Central Government to prescribe accounting standards
  138. Section 134Financial statement, Board‘s report, etc.
  139. Section 135Corporate Social Responsibility
  140. Section 136Right of member to copies of audited financial statement
  141. Section 137Copy of financial statement to be filed with Registrar
  142. Section 138Internal Audit.
  143. Section 139Appointment of auditors
  144. Section 140Removal, resignation of auditor and giving of special notice.
  145. Section 141Eligibility, qualifications and disqualifications of auditors.
  146. Section 142Remuneration of auditors.
  147. Section 143Powers and duties of auditors and auditing standards.
  148. Section 144Auditor not to render certain services.
  149. Section 145Auditor to sign audit reports, etc.
  150. Section 146Auditors to attend general meeting.
  151. Section 147Punishment for contravention.
  152. Section 148Central Government to specify audit of items of cost in respect of certain companies.
  153. Section 149Company to have Board of Directors
  154. Section 150Manner of selection of independent directors and maintenance of data bank of independent directors.
  155. Section 151Appointment of director elected by small shareholders.
  156. Section 152Appointment of directors
  157. Section 153Application for allotment of Director Identification Number.
  158. Section 154Allotment of Director Identification Number.
  159. Section 155Prohibition to obtain more than one Director Identification Number.
  160. Section 156Director to intimate Director Identification Number
  161. Section 157Company to inform Director Identification Number to Registrar.
  162. Section 158Obligation to indicate Director Identification Number.
  163. Section 159Penalty for default of certain provisions
  164. Section 160Right of persons other than retiring directors to stand for directorship.
  165. Section 161Appointment of additional director, alternate director and nominee director.
  166. Section 162Appointment of directors to be voted individually.
  167. Section 163Option to adopt principle of proportional representation for appointment of directors.
  168. Section 164Disqualifications for appointment of director.
  169. Section 165Number of directorships.
  170. Section 166Duties of directors.
  171. Section 167Vacation of office of director.
  172. Section 168Resignation of director.
  173. Section 169Removal of directors
  174. Section 170Register of directors and key managerial personnel and their shareholding.
  175. Section 171Members‘ right to inspect.
  176. Section 172Penalty.
  177. Section 173Meetings of Board.
  178. Section 174Quorum for meetings of Board
  179. Section 175Passing of resolution by circulation
  180. Section 176Defects in appointment of directors not to invalidate actions taken
  181. Section 177Audit committee.
  182. Section 178Nomination and Remuneration Committee and Stakeholders Relationship Committee.
  183. Section 179Powers of Board.
  184. Section 180Restrictions on powers of Board.
  185. Section 181Company to contribute to bona fide and charitable funds, etc.
  186. Section 182Prohibitions and restrictions regarding political contributions
  187. Section 183Power of Board and other persons to make contributions to national defence fund, etc.
  188. Section 184Disclosure of interest by director.
  189. Section 185Loan to directors, etc
  190. Section 186Loan and investment by company
  191. Section 187Investments of company to be held in its own name.
  192. Section 188Related party transactions.
  193. Section 189Register of contracts or arrangements in which directors are interested
  194. Section 190Contract of employment with managing or whole-time directors
  195. Section 191Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares.
  196. Section 192Restriction on non-cash transactions involving directors.
  197. Section 193Contract by One Person Company.
  198. Section 194Prohibition on forward dealings in securities of company by director or key managerial personnel
  199. Section 195Prohibition on insider trading of securities.
  200. Section 196Appointment of managing director, whole-time director or manager.
  201. Section 197Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits.
  202. Section 198Calculation of profits
  203. Section 199Recovery of remuneration in certain cases
  204. Section 200Central Government or company to fix limit with regard to remuneration
  205. Section 201Forms of, and procedure in relation to, certain applications.
  206. Section 202Compensation for loss of office of managing or whole-time director or manager.
  207. Section 203Appointment of key managerial personnel.
  208. Section 204Secretarial audit for bigger companies
  209. Section 205Functions of company secretary.
  210. Section 206Power to call for information, inspect books and conduct inquiries
  211. Section 207Conduct of inspection and inquiry.
  212. Section 208Report on inspection made.
  213. Section 209Search and seizure.
  214. Section 210Investigation into affairs of company.
  215. Section 211Establishment of Serious Fraud Investigation Office
  216. Section 212Investigation into affairs of company by Serious Fraud Investigation Office.
  217. Section 213Investigation into company‘s affairs in other cases.
  218. Section 214Security for payment of costs and expenses of investigation
  219. Section 215Firm, body corporate or association not to be appointed as inspector
  220. Section 216Investigation of ownership of company.
  221. Section 217Procedure, powers, etc., of inspectors.
  222. Section 218Protection of employees during investigation.
  223. Section 219Power of inspector to conduct investigation into affairs of related companies, etc.
  224. Section 220Seizure of documents by inspector
  225. Section 221Freezing of assets of company on inquiry and investigation.
  226. Section 222Imposition of restrictions upon securities.
  227. Section 223Inspector‘s report.
  228. Section 224Actions to be taken in pursuance of inspector‘s report.
  229. Section 225Expenses of investigation
  230. Section 226Voluntary winding up of company, etc., not to stop investigation proceedings
  231. Section 227Legal advisers and bankers not to disclose certain information.
  232. Section 228Investigation, etc., of foreign companies.
  233. Section 229Penalty for furnishing false statement, mutilation, destruction of documents
  234. Section 230Power to compromise or make arrangements with creditors and members
  235. Section 231Power to Tribunal to enforce compromise or arrangement.
  236. Section 232Merger and amalgamation of companies.
  237. Section 233Merger or amalgamation of certain companies.
  238. Section 234Merger or amalgamation of company with foreign company
  239. Section 235Power to acquire shares of shareholders dissenting from scheme or contract approved by majority
  240. Section 236Purchase of minority shareholding.
  241. Section 237Power of Central Government to provide for amalgamation of companies in public interest.
  242. Section 238Registration of offer of schemes involving transfer of shares.
  243. Section 239Preservation of books and papers of amalgamated companies
  244. Section 240Liability of officers in respect of offences committed prior to merger, amalgamation, etc.
  245. Section 241Application to Tribunal for relief in cases of oppression, etc.
  246. Section 242Powers of Tribunal.
  247. Section 243Consequence of termination or modification of certain agreements.
  248. Section 244Right to apply under section 241.
  249. Section 245Class action
  250. Section 246Application of certain provisions to proceedings under section 241 or section 245.
  251. Section 247Valuation by registered valuers.
  252. Section 248Power of Registrar to remove name of company from register of companies.
  253. Section 249Restrictions on making application under section 248 in certain situations.
  254. Section 250Effect of company notified as dissolved.
  255. Section 251Fraudulent application for removal of name
  256. Section 252Appeal to Tribunal.
  257. Section 253Determination of sickness
  258. Section 254Application for revival and rehabilitation
  259. Section 255Exclusion of certain time in computing period of limitation.
  260. Section 256Appointment of interim administrator.
  261. Section 257Committee of creditors.
  262. Section 258Order of Tribunal.
  263. Section 259Appointment of administrator
  264. Section 260Powers and duties of company administrator.
  265. Section 261Scheme of revival and rehabilitation.
  266. Section 262Sanction of scheme
  267. Section 263Scheme to be binding
  268. Section 264Implementation of scheme
  269. Section 265Winding up of company on report of company administrator.
  270. Section 266Power of Tribunal to assess damages against delinquent directors, etc.
  271. Section 267Punishment for certain offences.
  272. Section 268Bar of jurisdiction
  273. Section 269Rehabilitation and Insolvency Fund.
  274. Section 270Modes of winding up.
  275. Section 271Circumstances in which company may be wound up by Tribunal.
  276. Section 272Petition for winding up.
  277. Section 273Powers of Tribunal.
  278. Section 274Directions for filing statement of affairs
  279. Section 275Company Liquidators and their appointments
  280. Section 276Removal and replacement of liquidator
  281. Section 277Intimation to Company Liquidator, provisional liquidator and Registrar
  282. Section 278Effect of winding up order.
  283. Section 279Stay of suits, etc., on winding up order.
  284. Section 280Jurisdiction of Tribunal.
  285. Section 281Submission of report by Company Liquidator
  286. Section 282Directions of Tribunal on report of Company Liquidator.
  287. Section 283Custody of company‘s properties
  288. Section 284Promoters, directors, etc., to cooperate with Company Liquidator.
  289. Section 285Settlement of list of contributories and application of assets.
  290. Section 286Obligations of directors and managers.
  291. Section 287Advisory Committee.
  292. Section 288Submission of periodical reports to Tribunal.
  293. Section 289Power of Tribunal on application for stay of winding up.
  294. Section 290Powers and duties of Company Liquidator.
  295. Section 291Provision for professional assistance to Company Liquidator
  296. Section 292Exercise and control of Company Liquidator‘s powers.
  297. Section 293Books to be kept by Company Liquidator
  298. Section 294Audit of Company Liquidator‘s accounts.
  299. Section 295Payment of debts by contributory and extent of set-off.
  300. Section 296Power of Tribunal to make calls.
  301. Section 297Adjustment of rights of contributories.
  302. Section 298Power to order costs.
  303. Section 299Power to summon persons suspected of having property of company, etc.
  304. Section 300Power to order examination of promoters, directors, etc.
  305. Section 301Arrest of person trying to leave India or abscond.
  306. Section 302Dissolution of company by Tribunal.
  307. Section 303Appeals from orders made before commencement of Act.
  308. Section 304Circumstances in which company may be wound up voluntarily.
  309. Section 305Declaration of solvency in case of proposal to wind up voluntarily.
  310. Section 306Meeting of creditors.
  311. Section 307Publication of resolution to wind up voluntarily.
  312. Section 308Commencement of voluntary winding up.
  313. Section 309Effect of voluntary winding up.
  314. Section 310Appointment of Company Liquidator.
  315. Section 311Power to remove and fill vacancy of Company Liquidator
  316. Section 312Notice of appointment of Company Liquidator to be given to Registrar.
  317. Section 313Cesser of Board‘s powers on appointment of Company Liquidator.
  318. Section 314Powers and duties of Company Liquidator in voluntary winding up
  319. Section 315Appointment of committees.
  320. Section 316Company Liquidator to submit report on progress of winding up.
  321. Section 317Report of Company Liquidator to Tribunal for examination of persons
  322. Section 318Final meeting and dissolution of company
  323. Section 319Power of Company Liquidator to accept shares, etc., as consideration for sale of property of company
  324. Section 320Distribution of property of company
  325. Section 321Arrangement when binding on company and creditors.
  326. Section 322Power to apply to Tribunal to have questions determined, etc.
  327. Section 323Costs of voluntary winding up.
  328. Section 324Debts of all descriptions to be admitted to proof
  329. Section 325Application of insolvency rules in winding up of insolvent companies.
  330. Section 326Overriding preferential payments.
  331. Section 327Preferential payments.
  332. Section 328Fraudulent preference
  333. Section 329Transfers not in good faith to be void
  334. Section 330Certain transfers to be void.
  335. Section 331Liabilities and rights of certain persons fraudulently preferred.
  336. Section 332Effect of floating charge.
  337. Section 333Disclaimer of onerous property.
  338. Section 334Transfers, etc., after commencement of winding up to be void.
  339. Section 335Certain attachments, executions, etc., in winding up by Tribunal to be void
  340. Section 336Offences by officers of companies in liquidation.
  341. Section 337Penalty for frauds by officers.
  342. Section 338Liability where proper accounts not kept
  343. Section 339Liability for fraudulent conduct of business
  344. Section 340Power of Tribunal to assess damages against delinquent directors, etc
  345. Section 341Liability under sections 339 and 340 to extend to partners or directors in firms or companies
  346. Section 342Prosecution of delinquent officers and members of company.
  347. Section 343Company Liquidator to exercise certain powers subject to sanction.
  348. Section 344Statement that company is in liquidation.
  349. Section 345Books and papers of company to be evidence.
  350. Section 346Inspection of books and papers by creditors and contributories.
  351. Section 347Disposal of books and papers of company
  352. Section 348Information as to pending liquidations.
  353. Section 349Official Liquidator to make payments into public account of India.
  354. Section 350Company Liquidator to deposit monies into scheduled bank
  355. Section 351Liquidator not to deposit monies into private banking account.
  356. Section 352Company Liquidation Dividend and Undistributed Assets Account
  357. Section 353Liquidator to make returns, etc.
  358. Section 354Meetings to ascertain wishes of creditors or contributories
  359. Section 355Court, tribunal or person, etc., before whom affidavit may be sworn.
  360. Section 356Power of Tribunal to declare dissolution of company void.
  361. Section 357Commencement of winding up by Tribunal.
  362. Section 358Exclusion of certain time in computing period of limitation.
  363. Section 359Appointment of Official Liquidator
  364. Section 360Powers and functions of Official Liquidator.
  365. Section 361Summary procedure for liquidation.
  366. Section 362Sale of assets and recovery of debts due to company.
  367. Section 363Settlement of claims of creditors by Official Liquidator.
  368. Section 364Appeal by creditor
  369. Section 365Order of dissolution of company
  370. Section 366Companies capable of being registered
  371. Section 367Certificate of registration of existing companies
  372. Section 368Vesting of property on registration.
  373. Section 369Saving of existing liabilities
  374. Section 370Continuation of pending legal proceedings.
  375. Section 371Effect of registration under this Part.
  376. Section 372Power of Court to stay or restrain proceedings
  377. Section 373Suits stayed on winding up order
  378. Section 374Obligations of companies registering under this Part
  379. Section 375Winding up of unregistered companies
  380. Section 376Power to wind up foreign companies although dissolved.
  381. Section 377Provisions of Chapter cumulative
  382. Section 378Saving and construction of enactments conferring power to wind up partnership firm, association or company, etc., in certain cases.
  383. Section 378ADefinitions
  384. Section 378BObjects of producer company.
  385. Section 378CFormation of Producer Company and its registration.
  386. Section 378DMembership and voting rights of Members of Producer Company
  387. Section 378EBenefits to Members.
  388. Section 378FMemorandum of Producer Company.
  389. Section 378GArticles of association.
  390. Section 378HAmendment of memorandum.
  391. Section 378-IAmendment of articles.
  392. Section 378JOption to inter-State co-operative societies to become Producer Companies.
  393. Section 378KEffect of incorporation of Producer Company.
  394. Section 378LVesting of undertaking in Producer Company.
  395. Section 378MConcession, etc., to be deemed to have been granted to Producer Company
  396. Section 378NProvisions in respect of officers and other employees of inter-State co-operative society.
  397. Section 378-ONumber of directors.
  398. Section 378PAppointment of directors.
  399. Section 378QVacation of office by directors.
  400. Section 378RPowers and functions of Board.
  401. Section 378SMatters to be transacted at general meeting.
  402. Section 378TLiability of directors.
  403. Section 378UCommittee of directors.
  404. Section 378VMeetings of Board and quorum.
  405. Section 378WChief Executive and his functions.
  406. Section 378XSecretary of Producer Company
  407. Section 378YQuorum
  408. Section 378ZVoting rights.
  409. Section 378ZAAnnual general meetings.
  410. Section 378ZBShare capital.
  411. Section 378ZCSpecial user rights.
  412. Section 378ZDTransferability of shares and attendant rights.
  413. Section 378ZEBooks of account
  414. Section 378ZFInternal audit.
  415. Section 378ZGDuties of auditor under this Chapter
  416. Section 378ZHDonation or subscription by Producer Company.
  417. Section 378Z-IGeneral and other reserves.
  418. Section 378ZJIssue of bonus shares.
  419. Section 378ZKLoan, etc., to Members.
  420. Section 378ZLInvestment in other companies, formation of subsidiaries, etc.
  421. Section 378ZMPenalty for contravention.
  422. Section 378ZNAmalgamation, merger or division, etc., to form new Producer Companies.
  423. Section 378Z-ODisputes.
  424. Section 378ZPStrike off name of Producer Company.
  425. Section 378ZQProvisions of this Chapter to override other laws.
  426. Section 378ZRApplication of provisions relating to private companies.
  427. Section 378ZSRe-conversion of Producer Company to inter-State co-operative society.
  428. Section 378ZTPower to modify Act in its application to Producer Companies
  429. Section 378ZUPower to make rules.
  430. Section 379Application of Act to foreign companies
  431. Section 380Documents, etc., to be delivered to Registrar by foreign companies.
  432. Section 381Accounts of foreign company.
  433. Section 382Display of name, etc., of foreign company
  434. Section 383Service on foreign company.
  435. Section 384Debentures, annual return, registration of charges, books of account and their inspection.
  436. Section 385Fee for registration of documents.
  437. Section 386Interpretation
  438. Section 387Dating of prospectus and particulars to be contained therein.
  439. Section 388Provisions as to expert‘s consent and allotment.
  440. Section 389Registration of prospectus.
  441. Section 390Offer of India Depository Receipts
  442. Section 391Application of sections 34 to 36 and Chapter XX
  443. Section 392Punishment for contravention
  444. Section 393Company‘s failure to comply with provisions of this Chapter not to affect validity or contracts, etc
  445. Section 393AExemptions under this Chapter.
  446. Section 394Annual reports on Government companies.
  447. Section 395Annual reports where one or more State Governments are members of companies.
  448. Section 396Registration offices.
  449. Section 397Admissibility of certain documents as evidence.
  450. Section 398Provisions relating to filing of applications, documents, inspection, etc., in electronic form.
  451. Section 399Inspection, production and evidence of documents kept by Registrar
  452. Section 400Electronic form to be exclusive, alternative or in addition to physical form.
  453. Section 401Provision of value added services through electronic form
  454. Section 402Application of provisions of Information Technology Act, 2000.
  455. Section 403Fee for filing, etc
  456. Section 404Fees, etc., to be credited into public account.
  457. Section 405Power of Central Government to direct companies to furnish information or statistics.
  458. Section 406Provision relating to Nidhis and its application, etc.
  459. Section 407Definitions
  460. Section 408Constitution of National Company Law Tribunal.
  461. Section 409Qualification of President and Members of Tribunal
  462. Section 410Constitution of Appellate Tribunal.
  463. Section 411Qualifications of Chairperson and members of Appellate Tribunal.
  464. Section 412Selection of Members of Tribunal and Appellate Tribunal.
  465. Section 413Term of office of President, Chairperson and other Members
  466. Section 414Salary, allowances and other terms and conditions of service of Members.
  467. Section 415Acting President and Chairperson of Tribunal or Appellate Tribunal.
  468. Section 416Resignation of Members.
  469. Section 417Removal of Members.
  470. Section 417AQualifications, terms and conditions of service of Chairperson and Member.
  471. Section 418Staff of Tribunal and Appellate Tribunal
  472. Section 418ABenches of Appellate Tribunal.
  473. Section 419Benches of Tribunal.
  474. Section 420Orders of Tribunal.
  475. Section 421Appeal from orders of Tribunal
  476. Section 422Expeditious disposal by Tribunal and Appellate Tribunal
  477. Section 423Appeal to Supreme Court.
  478. Section 424Procedure before Tribunal and Appellate Tribunal.
  479. Section 425Power to punish for contempt.
  480. Section 426Delegation of powers
  481. Section 427President, Members, officers, etc., to be public servants
  482. Section 428Protection of action taken in good faith.
  483. Section 429Power to seek assistance of Chief Metropolitan Magistrate, etc.
  484. Section 430Civil court not to have jurisdiction.
  485. Section 431Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings.
  486. Section 432Right to legal representation.
  487. Section 433Limitation.
  488. Section 434Transfer of certain pending proceedings
  489. Section 435Establishment of Special Courts
  490. Section 436Offences triable by Special Courts.
  491. Section 437Appeal and revision.
  492. Section 438Application of Code to proceedings before Special Court.
  493. Section 439Offences to be non-cognizable.
  494. Section 440Transitional provisions.
  495. Section 441Compounding of certain offences.
  496. Section 442Mediation and Conciliation Panel.
  497. Section 443Power of Central Government to appoint company prosecutors
  498. Section 444Appeal against acquittal.
  499. Section 445Compensation for accusation without reasonable cause.
  500. Section 446Application of fines.
  501. Section 446AFactors for determining level of punishment.
  502. Section 446BLesser penalties for One Person Companies or small companies.
  503. Section 447Punishment for fraud
  504. Section 448Punishment for false statement.
  505. Section 449Punishment for false evidence.
  506. Section 450Punishment where no specific penalty or punishment is provided.
  507. Section 451Punishment in case of repeated default
  508. Section 452Punishment for wrongful withholding of property
  509. Section 453Punishment for improper use of ―Limited‖ or ―Private Limited‖.
  510. Section 454Adjudication of penalties.
  511. Section 454APenalty for repeated default.
  512. Section 455Dormant company.
  513. Section 456Protection of action taken in good faith.
  514. Section 457Non-disclosure of information in certain cases.
  515. Section 458Delegation by Central Government of its powers and functions.
  516. Section 459Power of Central Government of Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications
  517. Section 460Condonation of delay in certain cases
  518. Section 461Annual report by Central Government
  519. Section 462Power to exempt class or classes of companies from provisions of this Act.
  520. Section 463Power of court to grant relief in certain cases.
  521. Section 464Prohibition of association or partnership of persons exceeding certain number.
  522. Section 465Repeal of certain enactments and savings.
  523. Section 466Dissolution of Company Law Board and consequential provisions.
  524. Section 467Power of Central Government to amend Schedules.
  525. Section 468Power of Central Government to make rules relating to winding up.
  526. Section 469Power of Central Government to make rules.
  527. Section 470Power to remove difficulties.