Sections 181 to 220 span important corporate-law subjects including Board contributions, directors' interests, loans and investments, related party transactions, managerial appointments and remuneration, key managerial personnel, inspection, investigation and the Serious Fraud Investigation Office.
This page is an article-style index to the detailed section guides already available on Aap Tax Law. Each entry below gives the subject of the provision and links to the existing detailed page.
Section 181 deals with contributions to bona fide charitable and other funds. Section 182 regulates political contributions by companies and related disclosure and compliance requirements.
Section 183 authorises the Board and other persons to contribute to the National Defence Fund or other funds approved by the Central Government for national defence.
Sections 184 and 185 cover disclosure of a director's interest and statutory restrictions and conditions concerning loans, guarantees and security involving directors and specified connected persons.
Sections 186 and 187 regulate inter-corporate loans, guarantees, securities and investments, and generally require company investments to be held in the company's own name, subject to statutory exceptions.
Sections 188 and 189 address related party transactions and the register of contracts or arrangements in which directors are interested.
Section 190 deals with keeping and permitting inspection of specified contracts of service with managing or whole-time directors.
Section 191 regulates payments to directors for loss of office in connection with transfers of undertaking, property or shares.
Section 192 restricts specified non-cash transactions involving directors. Section 193 prescribes record requirements for certain contracts entered into by a One Person Company.
Sections 194 and 195, which originally dealt with forward dealings and insider trading, were omitted by the Companies (Amendment) Act, 2017. Securities-law obligations may nevertheless apply under the SEBI framework where relevant.
Section 196 governs appointment and tenure requirements for managing directors, whole-time directors and managers.
Section 197 regulates overall managerial remuneration for public companies, including cases of no profit or inadequate profit, read with Schedule V and applicable rules.
Section 198 prescribes the method for calculating profits for purposes including managerial remuneration under the Act.
Section 199 provides for recovery of remuneration in specified restatement cases. Section 200 sets out factors to be considered in fixing remuneration in matters governed by the Chapter.
Section 201 deals with forms and procedure in relation to applications under section 196, as amended.
Section 202 regulates compensation for loss of office of a managing director, whole-time director or manager.
Section 203 provides for appointment of prescribed whole-time key managerial personnel and regulates holding of specified offices.
Section 204 requires secretarial audit for prescribed classes of companies. Section 205 states core functions of a company secretary.
Sections 206 and 207 confer powers to call for information, inspect books and conduct inquiries, and prescribe the manner and powers associated with inspection and inquiry.
Sections 208 to 210 concern reports following inspection or inquiry, search and seizure, and investigation into the affairs of a company.
Section 211 establishes the Serious Fraud Investigation Office (SFIO) for investigation of serious corporate fraud matters.
Section 212 governs investigation into the affairs of a company by the SFIO and contains special provisions concerning investigation and prosecution.
Section 213 empowers the Tribunal to order investigation in specified circumstances, including allegations of fraudulent or unlawful conduct.
Sections 214 and 215 deal with security for investigation costs and provide that a firm, body corporate or association cannot be appointed as an inspector.
Section 216 concerns investigation of company ownership, including beneficial and significant beneficial ownership. Section 217 sets out procedure and powers of inspectors.
Section 218 provides safeguards concerning employees during the pendency of an investigation.
Sections 219 and 220 address extension of an investigation to related companies or persons and seizure of documents by an inspector in accordance with law.
For compliance or legal drafting, open the relevant section guide and check the current statutory text, applicable Companies Rules, MCA notifications and judicial decisions. Definitions used by a provision may also depend on section 2 of the Companies Act, 2013 and on definitions contained in the relevant rules.