Which section of Companies Act 1956 defines guarantee in case of companies limited by guarantee?

08/14/2020 Off By admin

Which section of Companies Act 1956 defines guarantee in case of companies limited by guarantee?

Provision as to companies limited by guarantee | Companies Act, 1956 | Bare Acts | Law Library | AdvocateKhoj. Sec 37 – Provision as to companies limited by guarantee.

What steps must be taken to form a company under the Companies Act, 1956?

The following steps are involved in the incorporation of a company.

  1. Ascertaining Availability of Name.
  2. Preparation of Memorandum of Association and Articles of Association.
  3. Printing, Signing and Stamping, Vetting of Memorandum and Articles.
  4. Power of Attorney.
  5. Other Documents to be Filed with the Registrar of Companies.

What is Schedule VI of Companies Act 1956?

Schedule VI to the Companies Act, 1956 deals with the form of Balance Sheet and Profit and Loss Account and classified disclosure to be made therein and it applies uniformly to all the companies registered under the Companies Act, 1956, for the preparation of financial statements of an accounting year.

What is Section 12 of Companies Act 1956 deals with?

(1) Any seven or more persons, or where the company to be formed will be a private company, any two or more persons, associated for any lawful purpose may, by subscribing their names to a memorandum of association and otherwise complying with the requirements of this Act in respect of registration, form an incorporated …

What does Section 209 of the Companies Act require?

Section 209 (1) of the Companies Act, 1956 requires every company to maintain necessary books of accounts relating to— a) All sums of money received and spent by the company together with details as to receipts and expenditure;

What are the provisions of the Companies Act 1956?

Section 56 Matters to be stated and reports to be set out in prospectus. Section 58 Expert’s consent to issue of prospectus contaning statement by him. Section 58A Deposits not to be invited without issuing an advertisement. Section 58B Provisions relating to prospectus to apply to advertisement. Section 59 Penalty and interpretation.

What is Schedule 5 of the Companies Act?

(6) Comparative remuneration profile with respect to industry, size of the company, profile of the position and person (in case of expatriates the relevant details would be with respect to the country of his origin) (7) Pecuniary relationship directly or indirectly with the company, or relationship with the managerial personnel, if any.

Which is a criminal offence under the Companies Act 1956?

Section 63 Criminal liability for mis-statements in prospectus. Section 64 Document contaning offer of shares or debentures for sale to be deemed prospectus. Section 66 Newspaper advertisements of prospectus. Section 68 Penalty for fradulently inducing persons to invest money.