FIR online. Legal formats Download. file complaints online

Section 14, 26, 29, 35, 53, 64 of The Companies (Amendment) Act 2019

 

Amendment of section 14 of Companies Act 2013

5. In section 14 of the principal Act,- (i) in sub-section (1), for the second proviso, the following provisos shall be substituted, namely:- "Provided further that any alteration having the effect of conversion of a public company into a private company shall not be valid unless it is approved by an order of the Central Government on an application made in such form and manner as may be prescribed: Provided also that any application pending before the Tribunal, as on the date of commencement of the Companies (Amendment) Act, 2019, shall be disposed of by the Tribunal in accordance with the provisions applicable to it before such commencement."; (ii) in sub-section (2), for the word "Tribunal", the words "Central Government" shall be substituted.

 

Amendment of section 26 of Companies Act 2013

6. In section 26 of the principal Act,- (i) in sub-sections (4), (5) and (6), for the word "registration", the word "filing" shall be substituted; (ii) sub-section (7) shall be omitted.

 

 

 

Amendment of section 29 of Companies Act 2013

7. In section 29 of the principal Act,- (i) in sub-section (1), in clause (b), the word "public" shall be omitted; (ii) after sub-section (1), the following sub-section shall be inserted, namely:- "(1A) In case of such class or classes of unlisted companies as may be prescribed, the securities shall be held or transferred only in dematerialised form in the manner laid down in the Depositories Act, 1996 and the regulations made thereunder.".

 

Amendment of section 35 of Companies Act 2013

8. In section 35 of the principal Act, in sub-section (2), in clause (c), for the words "delivery of a copy of the prospectus for registration", the words "filing of a copy of the prospectus with the Registrar" shall be substituted.

 

Amendment of section 53 of Companies Act 2013

9. In section 53 of the principal Act, for sub-section (3), the following sub-section shall be substituted, namely:- "(3) Where any company fails to comply with the provisions of this section, such company and every officer who is in default shall be liable to a penalty which may extend to an amount equal to the amount raised through the issue of shares at a discount or five lakh rupees, whichever is less, and the company shall also be liable to refund all monies received with interest at the rate of twelve per cent. per annum from the date of issue of such shares to the persons to whom such shares have been issued."

 

Amendment of section 64 of Companies Act 2013

10. In section 64 of the principal Act, for sub-section (2), the following sub-section shall be substituted, namely:- "(2) Where any company fails to comply with the provisions of sub-section (1), such company and every officer who is in default shall be liable to a penalty of one thousand rupees for each day during which such default continues, or five lakh rupees whichever is less.".

Home

About Us

Privacy Policy

Disclaimer

Sitemap

Contact Us

Lodge cyber complaint online

Cyber Cell contact no, e-mail ID

Ration Card application form

Character Certificate format

Application online with RTO

Tenant Verification Online

Anticipatory Bail Application Format

TDS on Sale of Property No. 26QB

Maintenance petition 125 of CrPC

Cheque return Complaint format

Mutual Consent Divorce Petition

Private Trust Deed format

Traffic fine rate MV Act 2019

Check Traffic Challan and pay fine

Pay Taxes online through ePayment

Register Death online in all States

GST pay online, make payment

Register Child birth online

2023 (c) All Rights Reserved @aaptaxlaw.com