Professional Documents
Culture Documents
Submitted By:
Hadiqua Islam (A90856121027)
Submitted To:
Prof. Shruti Poddar
2
Under Section 2(20) of the Companies Act, 2013, ‘company’ means a company incorporated
under this Act or under any previous company law.
Under Section 2(52) of the Companies Act, 2013, ‘listed company’ means a company which
has any of its securities listed on any recognised stock exchange.
Operating mines
Bailadila Iron Ore Mine, Kirandul Complex, South Bastar district, Dantewada (C.G.)Steel
Bailadila Iron Ore Mine, Bacheli Complex, South Bastar district, Dantewada (C.G.)
NMDC Ltd. is diversified into other raw materials for the steel industry such as low silica
limestone. Production of dead burnt magnesite and further value addition is under study
through its subsidiary J K Mineral Development Corporation Limited.
NMDC Ltd. has taken over a silica sand mining and beneficiation project from Uttar Pradesh
State Mineral Development Corporation Ltd. The plant is designed to produce beneficiated
high purity silica sand to a capacity of 300,000 tonnes per year as the raw material for
production of float/sheet glass.
3
CIN is a unique identification number provided to a company along with the registration
certificate after the completion of registration. It is used by the Registrar of Companies for all
companies registered in India.
REGISTERED OFFICE
Under Section 12 of the Companies Act, 2013, a company shall, on and from the fifteenth
day of its incorporation and at all times thereafter, have a registered office capable of
receiving and acknowledging all communications and notices as may be addressed to it.
CATEGORY OF COMPANY
Under Section 3(2) of the Companies Act, 2013, a company formed under sub-section (1) of
Section 3 may be either—
1. Under Section 2(22) of the Companies Act, 2013, ‘company limited by shares’ means
a company having the liability of its members limited by the memorandum to the
amount, if any, unpaid on the shares respectively held by them
2. Under Section 2(21) of the Companies Act, 2013, ‘company limited by guarantee’
means a company having the liability of its members limited by the memorandum to
such amount as the members may respectively undertake to contribute to the assets of
the company in the event of its being wound up.
4
3. Under Section 2(92) of the Companies Act, 2013, ‘unlimited company’ means a
company not having any limit on the liability of its members
SUB-CATEGORY OF COMPANY
Under Section 2(45) of the Companies Act, 2013, ‘government company’ means any
company in which not less than fifty-one per cent. of the paid-up share capital is held by the
Central Government, or by any State Government or Governments, or partly by the Central
Government and partly by one or more State Governments, and includes a company which is
a subsidiary company of such a Government company.
CLASS OF COMPANY
Under Section 3(1) of the Companies Act, 2013, a company may be formed for any lawful
purpose by—
by subscribing their names or his name to a memorandum and complying with the
requirements of this Act in respect of registration.
Under Section 2(68) of the Companies Act, 2013, ‘private company’ means a company
having a minimum paid-up share capital as may be prescribed, and which by its articles, —
Provided that where two or more persons hold one or more shares in a company jointly,
they shall, for the purposes of this clause, be treated as a single member:
5
iii. prohibits any invitation to the public to subscribe for any securities of the company.
Under Section 2(71) of the Companies Act, 2013, ‘public company’ means a company which
Under Section 2(62) of the Companies Act, 2013, ‘One Person Company’ means a company
which has only one person as a member.
Under Section 2(8) of the Companies Act, 2013, ‘authorised capital’ or ‘nominal capital’
means such capital as is authorised by the memorandum of a company to be the maximum
amount of share capital of the company.
Under Section 2(64) of the Companies Act, 2013, ‘paid-up share capital’ or ‘share capital
paid-up’ means such aggregate amount of money credited as paid-up as is equivalent to the
amount received as paid-up in respect of shares issued and also includes any amount credited
6
as paid-up in respect of shares of the company, but does not include any other amount
received in respect of such shares, by whatever name called.
DATE OF INCORPORATION
Under Section 7(1) of the Companies Act, 2013, there is detailed procedure for the
incorporation of a company.
Under Section 96 of the Companies Act, 2013, every company other than a One Person
Company shall in each year hold in addition to any other meetings, a general meeting as its
annual general meeting and shall specify the meeting as such in the notices calling it, and not
more than fifteen months shall elapse between the date of one annual general meeting of a
company and that of the next:
Provided that in case of the first annual general meeting, it shall be held within a
period of nine months from the date of closing of the first financial year of the company and
in any other case, within a period of six months, from the date of closing of the financial year:
7
Provided further that if a company holds its first annual general meeting as aforesaid,
it shall not be necessary for the company to hold any annual general meeting in the year of its
incorporation:
Provided also that the Registrar may, for any special reason, extend the time within
which any annual general meeting, other than the first annual general meeting, shall be held,
by a period not exceeding three months.
Every annual general meeting shall be called during business hours, that is, between 9 a.m.
and 6 p.m. on any day that is not a National Holiday and shall be held either at the registered
office of the company or at some other place within the city, town or village in which the
registered office of the company is situate:
Provided that the Central Government may exempt any company from the provisions
of this sub-section subject to such conditions as it may impose.
BALANCE SHEET
Under Schedule III of the Companies Act, 2013, the general instructions for preparation of
Balance Sheet have been laid down.
DIRECTORS
Under Section 2(34) of the Companies Act, 2013, ‘director’ means a director appointed to
the Board of a company.
8
CHARGES CREATED
Under Section 77 of the Companies Act, 2013, it shall be the duty of every company creating
a charge within or outside India, on its property or assets or any of its undertakings, whether
tangible or otherwise, and situated in or outside India, to register the particulars of the charge
signed by the company and the charge-holder together with the instruments, if any, creating
such charge in such form, on payment of such fees and in such manner as may be prescribed,
with the Registrar within thirty days of its creation.
Section 135 of the Companies Act, 2013 ("Act") provides that certain companies must
mandatorily contribute a certain amount towards CSR activities.
NMDC has been taking up CSR Projects/activities in the vicinity, based on identified needs
and availability of Funds, in various Sectors like:
10
1. Drinking water : Water is one of the basic needs for human beings. Recognizing the fact that
safe drinking water is related to the health and well being of the community, NMDC has taken up
different initiatives to provide access to safe drinking water in various parts of the country
especially for those living in rural regions. This has been done primarily by creating necessary
infrastructural support required to access safe drinking water.
2. Education: Recognizing that education is an integral component for human development,
NMDC has been contributing in different ways to improve not only the literacy levels, but also the
quality of education in the areas of its operations. In this endeavor, the focus is constantly on
improving educational infrastructure and providing necessary facilities for students with a view to
provide conducive environment to continue studies and enhance overall learning.
● Shiksha Sahayog Yojana: Scholarship scheme for tribal students to encourage education beyond
8th standard -benefit to 18,000 students. The scheme has evolved into Balika Shiksha Sahayog
Yojana supporting girl child education. ● Balika Shiksha Yojana: Sponsoring 40 tribal girls to
Nursing courses. ● Education Hub: partnered with Govt. of Chhattisgarh for creation of Education
Hub, a concentrated facility of educational institutions to provide world class infrastructure in the
midst of backward Dantewada District.
3. A large section of population does not have access to reliable health services in large parts of
India. Realizing the fact that our projects are located in remote and backward areas, NMDC has
taken encouraging steps in providing reliable health services to such areas. The healthcare
initiatives undertaken are a unique mix of preventive as well as curative healthcare and include
community awareness and mobilization activities on issues related to personal hygiene, safe
sanitation and cleanliness practices.
Key Highlights
● Providing Free medi-care services at Project Hospitals. ● Providing basic medi-care facilities at
the door-steps of remote villagers through operation of mobile health vans equipped with requisite
medical equipment and trained medical staff. ● Creation of Healthcare infrastructure. ●
Sponsoring Tribal Girls of Bastar Division to pursue career in medical field to make available
trained manpower locally. ● Conducting free health camps for health check-ups and treatment.
4. Healthcare One of the earliest CSR initiatives of NMDC. NMDC started extending free medical
facilities to the local populace from the day, they were made available to its employees. NMDC
runs three hospitals at its mines, out of which two are in collaboration with M/s Apollo and one
with M/s Yashoda Hospitals offering free medical treatment not only to staff but to the local
communities as well. On an average about 1,00,000 out-patients and 10,000 in-patients per annum
are provided free treatment at these hospitals, which includes nutritious diet for in-patients. These
11
Project Hospitals have proved to be of immense benefit for the local communities who earlier had
no hospitals nearby. The low levels of Infant Mortality Rate (IMR) & Maternal Mortality Rate
(MMR) of Dantewada District when compared to most other districts in Chhattisgarh, are a
testimony to the fact that the local populace is immensely benefitting by the health care services
provided by NMDC.
5. Integrated village development: Realizing the need to improve the overall socio economic
profile of the tribal villages which have historically been marked by isolation and lack of
development, NMDC took an initiative in 2009 to bring a change in the overall profile of these
village by taking up varied and multi dimensional developmental initiatives. Together these
initiatives have been termed as Integrated Village Development. The idea behind IVD is to
transform these villages into model villages through a host of developmental activities. The canvas
of developmental work undertaken in these villages range from healthcare, education,
infrastructure development to income enhancement by promoting agriculture and non agriculture
based livelihood opportunities. Key Highlights ● Specialized NGO engaged to support execution.
● Detailed assessments conducted to identify the gaps and prepare village specific action plan for
village development. ● Incorporation of Gender parity component; women specific programmes
integrated in the execution plan.
6. Rural Development: Sound infrastructure plays a very large role in enhancing the overall
profile of the village and its overall development. Realizing this fact, NMDC is actively involved
in creation of infrastructure facilities across different parts of the country. Investment on creation
of infrastructure becomes all the more important since most of the villages around Project
locations are remotely located having weak or almost no infrastructural facilities. NMDC has taken
up this task of creating infrastructural facilities in difficult geographic regions, far off and remote
with an objective to help local communities gain opportunities for overall socio economic
development.
Key Highlights ● Construction of Roads, Bridges in surrounding villages of NMDC Projects. ●
Construction of community centers for the village community. ● Providing solar energy based
electrification solution for villages.
7. Other Development :
Infrastructure Development works in Livelihood College, Adawal
● Construction of Transit Hostel/ Night shelter at Madpal & Nagarnar
● Construction of culverts at various places in Sukma District
● Development of Agriculture , Milk Dairies & Poultry Farming in Dantewada dist to promote
agriculture & animal husbandry for livelihood enhancement of the local communities.
12
● Solar electrification works, solar equipment distribution, creation of Urja Park and other energy
related works in diff Gram Panchayats of Kuakonda/katekalyan in Dantewada District.
● Developmental works in gram panchayats of katekalyan and kuakonda (roads, drainage,
bridges, electrification)