Category Archives: Corporate Law

Latest amendments, updates and notes related to the Companies Act 2013, the Limited Liability Partnership (LLP) Act, 2008 and other allied Acts.

E-Book on Companies Act, 2013 – January 2017 Edition

Companies Act 2013

Buy and download latest updated (Jan 2017 Edition) eBook on Companies Act, 2013 by AUBSP as amended by Companies (Amendment) Act, 2015 in PDF/ Kindle format.

Quorum for meetings of Board of Directors (BOD) of a Company

Board Meeting Quorum

Learn the detailed provisions of Section 174 of the Companies Act, 2013 providing Quorum required for meetings of Board of Directors of a Company.

Notes on Meetings of Board of Directors of Every Company

Board Meetings

Notes on Board Meetings (Frequency/ Notice/ Exemption) of private, public, small, dormant and One Person Company u/s 173 of the Companies, Act 2013.

Punishment u/s 172 to Company and its Officers upto ₹500000

Section 172 Punishment

Fine under Section 172 to Company and every Officers (₹50,000 - ₹5,00,000) for not complying provisions of Sections 149-171 under Companies Act 2013.

Members right to Inspect Registers of Company

Registers Inspection

Know the rights of members to inspect registers directors and Key Managerial Personnel of the company under section 171 of the Companies Act 2013.

Section 352 – Company Liquidation Dividend and Undistributed Assets Account

Section 352 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 353 – Liquidator to make returns, etc.

Section 353 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 354 – Meetings to ascertain wishes of creditors or contributories

Section 354 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 355 – Court, tribunal or person, etc., before whom affidavit may be sworn

Section 355 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 356 – Powers of Tribunal to declare dissolution of company void

Section 356 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 357 – Commencement of winding up by Tribunal

Section 357 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 358 – Exclusion of certain time in computing period of limitation

Section 358 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 359 – Appointment of Official Liquidator

Section 359 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 360 – Powers and functions of Official Liquidator

Section 360 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 361 – Summary procedure for liquidation

Section 361 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 362 – Sale of assets and recovery of debts due to company

Section 362 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 363 – Settlement of claims of creditors by Official Liquidator

Section 363 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 278 – Effect of winding up order

Section 278 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 364 – Appeal by creditor

Section 364 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 279 – Stay of suits, etc., on winding up order

Section 279 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 280 – Jurisdiction of Tribunal

Section 280 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 281 – Submission of report by Company Liquidator

Section 281 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 282 – Directions of Tribunal on report of Company Liquidator

Section 282 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 283 – Custody of company’s properties

Section 283 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

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