What is Section 224 of Companies Act 2013?
Section 224(1) of the Companies Act, 1956 state that every company shall, at each annual general meeting, appoint an auditor or auditors to hold office from the conclusion of that meeting until the conclusion of the next annual general meeting.
What are the rules according to Companies Act 1956 regarding redemption of preference share of a company?
(b) which is not redeemable before the expiry of ten years from the date of issue there- on in accordance with the terms of its issue and which had not been redeemed before such com- mencement, shall be redeemed by the company on the date on which such share is due for redemption or within a period not exceeding ten …
Under which section a company auditor is appointed 224?
(1) Every company shall, at each annual general meeting, appoint an auditor or auditors to hold office from the conclusion of that meeting until the conclusion of the next annual general meeting and shall, within seven days of the appointment, give intimation thereof to every auditor so appointed 2 : 3 Provided that …
What happens if no auditor is appointed at AGM?
Therefore, If at an annual general meeting, no auditors are appointed or reappointed, the board of directors appoints a person to fill the vacancy.
Which section of Companies Act 1956 are still applicable?
MCA has notified that provisions of Section 465 of the Companies Act, 2013 would partially come into force with effect from 30 Jan. 2019, in so far as such provisions relates to repealing of the Companies Act, 1956, i.e. the Registration of Companies (Sikkim) Act 1961 will continue to remain in force.
Does Companies Act, 2013 replace 1956?
The Act has replaced The Companies Act, 1956 (in a partial manner) after receiving the assent of the President of India on 29 August 2013. The section 1 of the companies Act 2013 came into force on 30 August 2013 .
What happened to Companies Act 1956?
The Act was administered by the Government of India through the Ministry of Corporate Affairs and the Offices of Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc….
| Companies Act 1956 | |
|---|---|
| Enacted | 18 January 1956 |
| Commenced | 1 April 1956 and amendment 2015 |
| Repeals |
Which act has replaced the Companies Act, 1956?
Indian Companies Act 2013
The Indian Companies Act 2013 replaced the Indian Companies Act, 1956. The Companies Act 2013 makes comprehensive provisions to govern all listed and unlisted companies in the country. The Companies Act, 2013 passed by the Parliament has received the assent of the President of India on 29th August, 2013.
Which section of the company Act 1956 describes for the issue and redemption of the preference share?
80. Power to issue redeemable preference shares. (1) Subject to the provisions of this section, a company limited by shares may, if so authorised by its articles, issue preference shares which are, or at the option of the company are to be liable, to be redeemed: 1.
What steps must be taken to form a company under the Companies Act 1956?
Get the Memorandum and Articles of Association signed by, at least 2 persons in case of Private Limited Company, at least 7 persons in case of Public Limited Company, each shall also write in his own hand his fathers name, occupation and address and number of shares subscribed for, and duly witnessed by at least one …