Tag Archives: Companies Act 2013

Latest updates and notes related to the Companies Act, 2013 amended by the Companies (Amendment) Act, 2015 and its Rules, Circulars and Notifications.

Section 295 – Payment of debts by contributory and extent of set-off

Section 295 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 296 – Power of Tribunal to make calls

Section 296 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 297 – Adjustment of rights of contributories

Section 297 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 298 – Power to order costs

Section 298 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 299 – Power to summon persons suspected of having property of company, etc.

Section 299 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 300 – Power to order examination of promoters, directors, etc.

Section 300 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 224 – Actions to be taken in pursuance of inspector’s report

Section 224 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014 except sub-section (5) which shall come into force on 1st June, 2016 vide Notification No. S.O. 1934(E) issued dated 01.06.2016 and sub-section

Section 301 – Arrest of person trying to leave India or abscond

Section 301 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 226 – Voluntary winding up of company, etc., not to stop investigation proceedings

Section 226 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 302 – Dissolution of company by Tribunal

Section 302 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 230 – Power to compromise or make arrangements with creditors and members

Section 230 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016 except (11) and (12).

Section 231 – Power of Tribunal to enforce compromise or arrangement

Section 231 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 303 – Appeals from orders made before commencement of Act

Section 303 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 232 – Merger and amalgamation of companies

Section 232 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 304 – Circumstances in which company may be wound up voluntarily

Section 304 - Circumstances in which company may be wound up voluntarily. Not yet notified.

Section 233 – Merger or amalgamation of certain companies

Section 233 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 305 – Declaration of solvency in case of proposal to wind up voluntarily

Section 305 - Declaration of solvency in case of proposal to wind up voluntarily. Not yet notified.

Section 234 – Merger or amalgamation of company with foreign company

Section 234 - Merger or amalgamation of company with foreign company. Not yet notified.

Section 306 – Meeting of creditors

Section 306 - Meeting of creditors. Not yet notified.

Section 307 – Publication of resolution to wind up voluntarily

Section 307 - Publication of resolution to wind up voluntarily. Not yet notified.

Section 235 – Power to acquire shares of shareholders dissenting from scheme or contract approved by majority

Section 235 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Section 308 – Commencement of voluntary winding up

Section 308 - Commencement of voluntary winding up. Not yet notified.

Section 309 – Effect of voluntary winding up

Section 309 - Effect of voluntary winding up. Not yet notified.

Section 236 – Purchase of minority shareholding

Section 236 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Top