IPCC Company Law All Important Sections Revision (May 16)

By | February 3, 2016

Book Showing All The Sections Of The Companies Act, 2013

In this post you will find all the various important sections in Company Law for IPCC students of May 2016 and onwards. This is of course in relation to the Companies Act, 2013. Forgive me for the poor formatting as I cannot help it. I simply do not have enough time right now to make this brief revision look cool and attractive (because I am also giving IPCC exam this time) :D :D :D . Having said that, I do believe it is readable and looks reasonably systematic. Anyways, enough of this. Go ahead and have a read.

 

Name of RulesInitials of the Form Numbers
The Companies (Incorporation) Rules, 2014INC
The Companies (Prospectus and Allotment of Securities) Rules, 2014

Companies (Issue of Global Depository Receipts) Rules, 2014

PAS
The Companies (Share Capital and Debentures) Rules, 2014SH
The Companies (Acceptance of Deposits) Rules, 2014DPT
The Companies (Registration of Charges) Rules, 2014CHG
The Companies (Management and Administration) Rules, 2014MGT

 

 

Section
No.
ParticularsProvisions
effective
from
 

Chapter I – Preliminary (including Definitions)

1Short Title, extent, commencement and application30-Aug-13
2(1)Abridged Prospectus12-Sep-13
2(5)Articles12-Sep-13
2(6)Associate Company12-Sep-13
2(8)Authorized Capital12-Sep-13
2(10)Board of Directors or Board12-Sep-13
2(11)Body Corporate or Corporation12-Sep-13
2(12)Book and Paper and book or paper12-Sep-13
2(13)Books of account1-Apr-14
2(15)Called- up capital12-Sep-13
2(16)Charge12-Sep-13
2(18)Chief Executive Officer12-Sep-13
2(19)Chief Financial Officer12-Sep-13
2(20)Company12-Sep-13
2(27)Control12-Sep-13
Except Sub-clause(iv)
2(30)Debenture12-Sep-13
2(31)Deposit1-Apr-14
2(32)Depository12-Sep-13
2(33)Derivative12-Sep-13
2(34)Director12-Sep-13
2(35)Dividend12-Sep-13
2(36)Document12-Sep-13
2(37)Employees Stock Option12-Sep-13
2(38)Expert12-Sep-13
2(40)Financial Statement12-Sep-13
2(41)Financial year1-Apr-14
2(42)Foreign Company1-Apr-14
2(43)Free reserves12-Sep-13
2(44)Global Depository Receipt12-Sep-13
2(45)Government Company12-Sep-13
2(46)Holding Company12-Sep-13
2(48)Indian Depository Receipt1-Apr-14
2(50)Issued Capital12-Sep-13
2(55)Member12-Sep-13
2(56)Memorandum12-Sep-13
2(57)Net worth12-Sep-13
2(59)Officer12-Sep-13
2(60)Officer who is in default12-Sep-13
2(62)One Person Company1-Apr-14
2(63)Ordinary or Special Resolution12-Sep-13
2(64)Paid up Share Capital12-Sep-13
2(65)Postal Ballot12-Sep-13
2(68)Private Company12-Sep-13
2(69)Promoter12-Sep-13
2(70)Prospectus12-Sep-13
2(71)Public Company12-Sep-13
2(72)Public financial institution12-Sep-13
2(76)Related party12-Sep-13
2(77)Relative12-Sep-13
2(81)Securities12-Sep-13
2(84)Share12-Sep-13
2(85)Small Companyl-Apr-14
2(86)Subscribed Capital12-Sep-13
2(87)Subsidiary Company Or Subsidiary except proviso and Explanation (d)12-Sep-13
Explanation (d) relating to layer of subsidiaries1-Apr-14
2(88)Sweat Equity Shares12-Sep-13
2(89)Total Voting power12-Sep-13
2(91)Turnover12-Sep-13
2(93)Voting Right12-Sep-13
 

Chapter II – Incorporation of Company and Matters Incidental thereto

3Formation of Company1-Apr-14
4Memorandum1-Apr-14
5Articles1-Apr-14
6Act to override memorandum, articles etc.l-Apr-14
7Incorporation of Company except sub-section (7)1-Apr-14
8Formation of company with charitable objects, etc. except subsection (9)1-Apr-14
9Effect of registration1-Apr-14
10Effect of memorandum and articles1-Apr-14
12Registered office of company1-Apr-14
13Alteration of Memorandum1-Apr-14
14Alteration of Articles except second proviso to sub-section (1) and sub-section (2)1-Apr-14
15Alteration of memorandum or articles to be noted in every copy1-Apr-14
16Rectification of name of company1-Apr-14
17Copies of memorandum, articles, etc., to be given to members1-Apr-14
18Conversion of companies already registeredl-Apr-14
19Subsidiary company not to hold shares in its holding company12-Sep-13
20Service of Documentsl-Apr-14
21Authentication of documents, proceedings and contracts12-Sep-13
22Execution of bills of exchange etc.12-Sep-13
 

Chapter III- Prospectus and Allotment of securities

Part I- Public offer
23Public offer and private placement except clause (b) of subsection (1) & sub-section (2)12-Sep-13
Clause (b) of sub-section (1) & sub-section (2) – provision relating issue of securities by private and public companies through private placement1-Apr-14
24Power of SEBI to regulate issue and transfer of securities12-Sep-13
25Document containing offer of securities for sale to be deemed prospectus except sub-section (3)12-Sep-13
Provisions of sub-section (3)1-Apr-14
26Matters to be stated in prospectus1-Apr-14
27Variation in terms of contract or objects in prospectus1-Apr-14
28Offer of sale of shares by certain members of company1-Apr-14
29Public offer of securities to be in dematerialised form12-Sep-13
30Advertisement of prospectus12-Sep-13
31Shelf prospectus12-Sep-13
32Red herring prospectus12-Sep-13
33Issue of application forms for securities except sub-section (3)12-Sep-13
Provision of sub-section (3)1-Apr-14
34Criminal liability for misstatements in prospectus12-Sep-13
35Civil liability for misstatements in prospectus except clause (e) of sub-section (1)12-Sep-13
Clause (e) of sub-section (1) – provisions relating to liability of an expert1-Apr-14
36Punishment for fraudulently inducing persons to invest money.12-Sep-13
37Action by affected persons12-Sep-13
38Punishment for personation for acquisition, etc., of securities12-Sep-13
39Allotment of securities by company except sub-section (4)12-Sep-13
Sub-section (4) – provisions relating to filing of return of allotment1-Apr-14
40Securities to be dealt with in stock exchanges except subsection (6)12-Sep-13
Sub-section (6) – provisions relating to payment of commissionl-Apr-14
41Global Depository Receipt1-Apr-14
Part II- Private Placement
42Offer or invitation for subscription of securities on private placement1-Apr-14
 

Chapter IV – Share Capital and Debentures

43Kinds of share capital1-Apr-14
44Nature of shares or debentures12-Sep-13
45Numbering of shares12-Sep-13
46Certificate of shares1-Apr-14
47Voting rights1-Apr-14
49Calls on shares of same class to be made on uniform basis12-Sep-13
50Company to accept unpaid share capital, although not called up12-Sep-13
51Payment of dividend in proportion to amount paid-up12-Sep-13
52Application of premiums received on issue of shares1-Apr-14
53Prohibition on issue of shares at discount1-Apr-14
54Issue of sweat equity shares1-Apr-14
55Issue and redemption of preference shares except sub-section (3)1-Apr-14
56Transfer and transmission of securities1-Apr-14
57Punishment for personation of shareholder12-Sep-13
58Refusal of registration and appeal against refusal12-Sep-13
59Rectification of register of members12-Sep-13
60Publication of authorized, subscribed and paid-up capital12-Sep-13
61Power of limited company to alter its share capital except

proviso to 61(l)(b)

1-Apr-14
62Further issue of share capital except sub-sections(4) to (6)l-Apr-14
63Issue of bonus shares1-Apr-14
64Notice to be given to Registrar for alteration of share capital1-Apr-14
65Unlimited company to provide for reserve share capital on conversion into limited company12-Sep-13
67Restriction on purchase by company or giving of loans by it for purchase of its shares1-Apr-14
68Power of company to purchase its own securities1-Apr-14
69Transfer of certain sums to capital redemption reserve account12-Sep-13
70Prohibition for buy-back in certain circumstances except subsection (2)12-Sep-13
Sub-section (2) – prohibition for buy-back in certain circumstances1-Apr-14
71Debentures except sub sections (9) to (11)1-Apr-14
72Power to nominate1-Apr-14
 

Chapter V – Acceptance of Deposits by companies

73Prohibition on acceptance of deposits from public1-Apr-14
74Sub section (1) of section 74 – Repayment of deposits, etc., accepted before commencement of this Act1-Apr-14
76Acceptance of deposits from public by certain companies1-Apr-14
 

Chapter VI – Registration of Charges

77Duty to register charges ,etc.l-Apr-14
78Application for registration of chargel-Apr-14
79Section 77 to apply in certain mattersl-Apr-14
80Date of notice of chargel-Apr-14
81Register of charges to be kept by Registrarl-Apr-14
82Company to report satisfaction of chargel-Apr-14
83Power of Registrar to make entries of satisfaction and release in absence of intimation from companyl-Apr-14
84Intimation of appointment of receiver or manager1-Apr-14
85Company’s register of charges1-Apr-14
86Punishment for contravention12-Sep-13
87Rectification by Central Govt, in register of charges1-Apr-14
 

Chapter VII – Management and Administration

88Register of members, etc.1-Apr-14
89Declaration in respect of beneficial interest in any share1-Apr-14
90Investigation of beneficial ownership of shares in certain casesl-Apr-14
91Power to close register of members or debenture holders or other security holders12-Sep-13
92Annual return1-Apr-14
93Return to be filed with Registrar in case promoter’s stake changes1-Apr-14
94Place of keeping and inspection of registers, returns, etc.l-Apr-14
95Registers, etc., to be evidence1-Apr-14
96Annual general meetingl-Apr-14
100Calling of extraordinary general meeting except sub-section (6)12-Sep-13
Sub-section (6) – calling of extraordinary general meetingl-Apr-14
101Notice of meetingl-Apr-14
102Statement to be annexed to notice12-Sep-13
103Quorum for meetings12-Sep-13
104Chairman of meetings12-Sep-13
105Proxies except 3rd and 4th proviso to sub section (1) and sub section (7)12-Sep-13
3rd and 4th proviso to sub section (1) and sub section (7) – proxiesl-Apr-14
106Restriction on voting rights12-Sep-13
107Voting by show of hands12-Sep-13
108Voting through electronic means1-Apr-14
109Demand for poll1-Apr-14
110Postal Ballot1-Apr-14
111Circulation of Members’ resolution12-Sep-13
112Representation of President and Governors in meetings12-Sep-13
113Representation of corporations at meeting of companies and of creditors except clause (b) of sub-section (1)12-Sep-13
Clause (b) of sub-section (1) – representation of corporations at meeting of companies and of creditors1-Apr-14
114Ordinary and special resolution12-Sep-13
115Resolutions requiring special notice1-Apr-14
116Resolutions passed at adjourned meeting12-Sep-13
117Resolutions and agreements to be filed1-Apr-14
118Minutes of proceedings of general meeting, meeting of board of directors and other meeting and resolutions passed by postal ballots1-Apr-14
119Inspection of minute books of general meeting except sub section (4)1-Apr-14
120Maintenance and inspection of documents in electronic form1-Apr-14
121Report of annual general meeting1-Apr-14
122Applicability of this Chapter to One Person Company1-Apr-14
179Powers of Board1-Apr-14
453Punishment for improper use of “Limited” or “Private Limited”1-Apr-14
455Dormant Company1-Apr-14

Woman Happy After Reading Sections Of The Companies Act 2013

Well, that is all. Please note that it is your duty to check whether all these sections of the Companies Act, 2013 are 100% correct or not. Also, you must check whether these sections are relevant to your examination or not. I am not liable to any losses suffered by any person relying on these notes. I do not claim to have created this quick revision table containing all the important sections of the Companies Act, 2013 for IPCC students. I am simply sharing with you guys to help you out.

I would urge the students of IPCC to take a print of this post and stick it somewhere in your room (or any other place where you study) and have a glance at it every day. This will help you remember all these sections easily. Doing so is important because to score in Law subject, one must score very very good marks in Company Law and it is easy as well! And if you do not want to do this, at least bookmark this page and visit this page regularly to revise these sections.

Note: You might wanna check out the following posts if you found this post very useful:
Quick Revision of VAT (Value Added Tax)
Trick To Remember The Negative List Of Service Tax

Finally, don’t forget to share this table with your fellow IPCC students. Also, if you know any other tricks or have some tips relating to IPCC, please comment below. And feel free to ask any doubt, if you have any. :) :) :)

Thank you.

LINK TO THIS POST:

<a href="https://www.theadarshmehta.in/blog/ipcc-company-law-important-sections-revision-quick-summary-may-2016/2016/02">IPCC Company Law All Important Sections Revision (May 16)</a>

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4 thoughts on “IPCC Company Law All Important Sections Revision (May 16)

  1. Suresh

    Is it updated for IPCC Nov 2016 Exam? And what about Contract and others?

    Reply
    1. Adarsh Mehta Post author

      There aren’t many changes in Company Law since May 2016. So I think almost all of them should be correct. However, I would urge you to check them all one by one as you learn them, just to be sure.

      And I am sorry, brother, but I do not have any other compiled list of sections for other Acts. You will have to learn them by yourself or find it someplace else.

      All the Best of Luck for your exams!

      Thank you.

      Reply
  2. Deepthi

    You must change the website’s subject name i.e All Important Sections Revision. In CA all topics are important.

    Reply
    1. Adarsh Mehta Post author

      I agree with you Deepthi, that in CA, all topics are important. But in this post, I have shared with you guys ALL the sections of Company Law (I don’t think I missed any) relevant to IPCC exam. What I meant to say is that all these sections are important (and must not be skipped). I did not mean to say that one section is more important than the other. IMPORTANT as in IMPORTANT from the point of view of IPCC examinations, not IMPORTANT as in so IMPORTANT that other things must not be done properly / skipped.

      But, if you still think I should remove the keyword “important” from the title of this blog post, please let me know and I will do it! :)

      Also, if you have any other suggestions on how to improve this post, I would be glad to hear them.

      Thank you.

      Reply

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