Section 2 of Indian Companies Act 2013 has definitions of
different terms in used in the Act. In this Act, unless the
context otherwise requires,
Section 2(1) abridged prospectus means a memorandum containing
such salient features of a prospectus as may be specified by the
Securities and Exchange Board by making regulations in this
behalf;
Section 2(2) accounting standards means the standards of
accounting or any addendum thereto for companies or class of
companies referred to in section 133;
Section 2(3) alter or alteration includes the making of
additions, omissions and substitutions;
Section 2(4) Appellate Tribunal means the National Company
Law Appellate Tribunal constituted under section 410;
Section 2(5) articles means the articles of association of a
company as originally framed or as altered from time to time or
applied in pursuance of any previous company law or of this Act;
Section 2(6) associate company, in relation to another
company, means a company in which that other company has a
significant influence, but which is not a subsidiary company of
the company having such influence and includes a joint venture
company.
Explanation.For the purposes of this clause, significant
influence means control of at least twenty per cent. of total
share capital, or of business decisions
under an agreement;
Section 2(7) auditing standards means the standards of
auditing or any addendum thereto for companies or class of
companies referred to in sub-section (10) of section 143;
Section 2(8) 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;
Section (9) banking company means a banking company as
defined in clause (c) of section 5 of the Banking Regulation
Act, 1949;