What are the specific provision in Companies Act 1956?
1 The Companies Act, 1956 empowers the Central Government to inspect the books of accounts of a company, to direct special audit, to order investigation into the affairs of a company and to launch prosecution for violation of the Companies Act, 1956.
What are the provisions of Companies Act 1956 What is the difference between Companies Act 1956 and 2013?
The Companies Act, 1956 (existing Act) contains 658 sections and XV schedules. The Companies Act 2013 has 464 sections and 7 schedules. The Act, has lesser sections as the Companies will be governed more through the rules which are yet to be prescribed.
How many Schedules are there in Companies Act 2013?
The 2013 Act is divided into 29 chapters containing 470 sections as against 658 Sections in the Companies Act, 1956 and has 7 schedules.
What are schedules in Companies Act 2013?
Schedules Under Companies Act, 2013- An analysis
| Schedule of CA,1956 | Particulars |
|---|---|
| II | Matters to be Specified in Prospectus and reports to be set out therein |
| III | Form of Statement in Lieu of Prospectus (SLP) |
| IV | Form of Statement in Lieu of Prospectus (SLP) to be filed by private company on becoming public company. |
What are the various provisions under the Companies Act, 2013?
Certain important provisions (which have become effective) are briefly explained below to ensure timely compliance by the companies.
- Special resolution for borrowing in excess of paid-up capital and free reserve.
- Associate Company.
- Expert.
- Free Reserve.
- Net-worth.
- Officer who is in default.
- Private Company.
- Public Company.
What are the various provisions under the Companies Act 2013?
What is schedule under Companies Act?
Schedule I: Memorandum and Articles (Section 4 and 5) Schedule II: Depreciation (Section 123) Schedule III: Balance Sheet and Statement of Profit & Loss (Section 129). Hence option 3 is correct. Schedule IV: Code for Independent Directors (Section 149(8))