Appendix

List of Important Sectio ns A

Company Formation and Conversion

Section No. Topics Covered

3A Members severally liable in certain cases
7 Incorporation of Company
8 Formation of Company with Charitable Objects
9 Effect of Registration
10A Commencement of Business etc.
12 Registered Office of Company
16 Rectification of Name of Company
19 Subsidiary company not to hold shares in Holding

Investment and Loans - Deposits

Section No. Topics Covered

73 Prohibition on acceptance of Deposits from Public
76 Acceptance of Deposits from Public by Certain Companies

Dividend

Section No. Topics Covered

123 Declaration of Dividend
124 Unpaid Dividend Account
127 Punishment for failure to distribute dividends

Accounts and Audit

Section No. Topics Covered

128 Books of accounts etc. to be kept by Company
130 Re-opening of Accounts on court’s or Tribunal’s order
131 Voluntary Revision of Financial Statements or Board’s Report
135 Corporate Social Responsibility
138 Internal Audit
139 Appointment of Auditors
141 Eligibility, Qualifications and Disqualifications of Auditors
144 Auditor not to render certain services
148 Central Government to specify Audit of items of cost for certain companies

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IMPORTANT SECTIONS A2

Appointment & Qualification of Directors

Section No. Topics Covered

149 Company to have Board of Directors
151 Appointment of Director Elected by Small Shareholders
152 Appointment of Directors
160 Right of Persons other than Retiring Directors to stand for Directorship
161 Appointment of Additional Director, Alternate Director and Nominee Director
164 Disqualifications for Appointment of Director
165 Number of Directorships
167 Vacation of Office of Director
169 Removal of Directors

Appointment & Remuneration of Key Managerial Personnel

Section No. Topics Covered

196 Appointment of Managing Director, Whole- Time Director or Manager
197 Overall Maximum Managerial Remuneration and Managerial Remuneration in
case of Absence or Inadequacy of Profits
Sch V Schedule V
202 Compensation of Loss of Office of Managing or Whole-Time Director or
Manager
203 Appointment of Key Managerial Personnel

Meetings of Board & Its Powers

Section No. Topics Covered

173 Meetings of Board
174 Quorum for Meetings of Board
177 Audit Committee
179 Powers of Board
180 Restrictions on Powers of Board
181 Company to Contribute to Bona fide and Charitable Funds, etc.
184 Disclosure of Interest by Director
185 Loan to Directors, etc.
186 Loans & Investments by a Company
188 Related Party Transactions

Inspection, Inquiry & Investigation

Section No. Topics Covered

206 Call for information and inspection of books and conduct Inquiries
209 Search and seizure
210 Investigation into affairs of Company
212 Investigation into affairs of Company by SFIO
213 Investigation into Company’s affairs in other cases
216 Investigation of Ownership of Company
217 Procedure, Power etc. of Inspectors
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IMPORTANT SECTIONS A3

219 Power of Inspector to conduct investigation into affairs of Related Companies

222 Imposition of restrictions upon securities
224 Actions to be taken in pursuance of Inspector’s Report
227 Legal Advisers and Bankers not to disclose certain Information

Compromises, Arrangements & Amalgamations

Section No. Topics Covered

230 Power to compromise or make arrangements with creditors or members
232 Merger and Amalgamation of Companies
233 Merger or Amalgamation of Certain companies
234 Merger of Company with Company Incorporated outside India
235 Power to acquire shares of shareholders dissenting shareholders

Prevention of Oppression & Mismanagement

Section No. Topics Covered

241 Application to Tribunal for relief in cases of oppression
242 Powers of Tribunal
244 Right to apply under section 241
245 Class action

Company Incorporated Outside India

Section No. Topics Covered

379 Application of Act to foreign companies
380 Documents, etc., to be delivered to Registrar by foreign companies
383 Service on foreign company
390 Offer of India Depository Receipts
392 Punishment for contravention

NCLT & NCLAT

Section No. Topics Covered

421 Appeal from Order of Tribunal
422 Expeditious disposal by NCLT and NCLAT
423 Appeal to Supreme Court
424 Procedure before NCLT and NCLAT

Special Courts

Section No. Topics Covered

436 Offences triable by Special Courts
439 Offences to be Non-cognizable
442 Mediation and Conciliation Panel
446B Lesser penalties for OPC and Small companies

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