Common questions

What is Section 62 of Companies Act 2013?

What is Section 62 of Companies Act 2013?

“The notice referred to in sub-clause (i) of clause (a) of sub-section (1) shall be dispatched through registered post or speed post or through electronic mode or courier or any other mode having proof of delivery to all the existing shareholders at least three days before the opening of the issue.”

What is Section 62 A?

(a) A owes money to B under a contract. It is agreed between A, B and C, that B shall thenceforth accept C as his debtor, instead of A. (a) A owes money to B under a contract. It is agreed between A, B and C, that B shall thenceforth accept C as his debtor, instead of A.

How many sections were there in Companies Act 1956?

1. Journey of the Companies Act so far

Companies Act 1956 Companies Act 2013
658 Sections 470 Sections
15 Schedules 7 Schedules
XIII Parts 29 Chapters

What are the provisions of Companies Act 1956?

In our country, the Companies Act, 1956 primarily regulates the formation, financing, functioning and winding up of companies. The Act prescribes regulatory mechanism regarding all relevant aspects including organisational, financial and managerial aspects of companies.

Is section 62 of Companies Act, 2013 applicable to private companies?

Provisions of Section 62 of Companies Act, 2013 are mandatory for all Private companies, public companies, listed as well as unlisted companies.

What is fresh issue of shares?

Fresh Issue: This refers to the issuance of new equity shares in the company and selling those newly issued shares to the investors. The money raised by the fresh issue of shares and its subsequent sale in an IPO is received by the company and utilized as per the objects of the issue which is mentioned during its IPO.

What is Section 62 of the Arbitration and Conciliation Act 1996?

(1) The party initiating conciliation shall send to the other party a written invitation to conciliate under this Part, briefly identifying the subject of the dispute. (2) Conciliation proceedings shall commence when the other party accepts in writing the invitation to conciliate.

What is Section 62 of GST Act?

Assessment of Non-Filers If the registered taxable person does not file his return (even with a notice) he will be sent a notice u/s 62. If he does not file return, the proper officer will assess the tax liability to the best of his judgement. He will assess on the basis of the available information.

Is Companies Act 1956 still applicable?

Companies Act, 1956 stands Repealed from 30 January 2019: MCA Notification. MCA has notified that provisions of Section 465 of the Companies Act, 2013 would partially come into force with effect from 30 Jan.

Can directors control affairs of a company?

It cannot act, just like a human being. It can act only through some human agency. Directors are those persons through whom company acts and does business. A director is a person who has control over the direction, conduct, management, or superintendence of the affairs of the company.

What is the main purpose of Companies Act 1956?

What is the minimum age to be a director of a company?

As per Regulation 16(1)(b)(vii), in case of listed entities, the Independent Director (ID) should not be less than 21 years of age.

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