Companies act, 1956 or to the companies under the same management as defined. List of statutory registers under companies act, 1956 sr. This section 189 is in the place of section 301 of the companies act 1956. Pdf concept of companies under the same management under. Provisions act 1952 or employees state insurance act 1948 cannot be compounded under section 621a of companies act. Clarification on auditors report by assb, guidance on. Power to order examination of promoters, directors, etc. Powers of company law board on application under section 397 or 398. I have come across instances where transactions between holding and subsidiary are recorded in sec 301 register though none of the. Offences committed by persons other than a company or its officers like trustees, liquidators, contributories etc. Register of investments in any shares or securities not held in its own name. Register to be maintained us 301 of the companies act, 1956.
Full text containing the act, companies act, 1956, with all the sections, schedules, short. List of statutory registers under companies act, 1956. The company has not granted any loan to companies, firms or other parties to be listed in the register to be maintained under section 301 of the companies act, 1956. The register of contracts, maintained under section 301 of the companies act, 1956, will be available for inspection by the members at the registered office of the company. Section 301 in the companies act, 1956 indian kanoon.
Download format of statutory registers required to be maintained under companies act, 1956. There are no companies under the same management as defined under sub section 1b of section 370 of the said act. Full text containing the act, companies act, 1956, with all the sections, schedules, short title, enactment date, and footnotes. The register aforesaid shall be kept at the registered office of the company. Further section 2091d mandates the companiesin certain industries fulfilling certain criteria to maintain particulars relating to utilisation of material or. The maximum amount outstanding during the year was rs 47. Shifting registered office from one state to another should be for one of the specified purposes see section 17 1 of the 1956 act filing of a certified copy of the order of central. Difinition of related party is as per companies act and not as per as 23. If default is made in complying with sub section 1 or 2, or if any inspection required under this section is refused. Section 301 3a in the companies act, 1956 3a nothing in sub sections 1, 2 and 3 shall apply a to any contract or arrangement for the sale, purchase or supply of any goods, materials or services if the value of such goods and materials or the cost of such services does not exceed one thousand rupees in the aggregate in any year.
Parties covered under section 301 of companies act 1956. The maximum amount outstanding during the year was rs 1,950,186,528 and the yearend balance of such loan amounted to rs nil. The ministry of corporate affairs vide its general circular no 072014, dissemination of information with regards to the provisions of the companies act, 20 as notified till date vis a vis corresponding provisions of the companies act, 1956, dated 01st april 2014 had provided information in respect of such sections of the companies act 1956. Format of all statutory registers under companies act. To conclude in respect of the contracts in which directors are interested there should not be any omission or commission of the procedures mentioned under section 297 and 301 of the companies act. Companies act, 1956 format of statutory registers taxguru. The company has neither granted loan to the parties listed in the register maintained under section 301 of the companies act, 1956 nor to the companies under the same management defined under section 370 1b of the companies act, 1956. We are informed that there are no companies under the same management within the meaning of section 370 1b of the companies act, 1956. Prohibition of registration of company limited by guarantee with a share capital. Companies act, 1956 bare acts law library advocatekhoj. Format of all statutory registers under companies act taxguru.
Where any shares or debentures have to be recorded in the said register or to be omitted therefrom. Sec 301 register of contracts, companies and firms in which directors are interested. Section 301 3a in the companies act, 1956 3a nothing in sub sections 1, 2 and 3 shall applyto any contract or arrangement for the sale, purchase or supply of any goods, materials or services if the value of such goods and materials or the cost of such services does not exceed one thousand rupees in the aggregate in any year. Arrest of person trying to leave india or abscond effective from 15th december, 2016 at any time either before or after passing a winding up order, if the tribunal is satisfied that a contributory or a person having property, accounts or papers of the company in his possession is about to leave india. The clearing corporation of india limited, 2012 20 11 18. Explore the companies act 20 and companies act 1956. The rate of interest and other terms and conditions of such loans are, prima facie, not prejudicial to the interest of the company. The maximum amount outstanding during the year was rs.
In terms of sub section 6 of section 370 of the companies act, 1956, provisions of the section are not application to a company on or after october 31, 1998. In our opinion, according to the information and explanations given to. The company has not made any preferential allotment of shares to any parties or companies covered in the register maintained under section 301 of the companies act, 1956. Granting loan to companies covered in the register maintained under section 301 of companies act, 1956 will that mean loans given under sec295. The register is kept at the registered office of the company and is open for inspection as per the provisions of section. But central government approval is not required uls 188 of the companies act, 20. The company has made necessary entries in the register maintained under section 301. However, since section 301 requires that the entries should be made, in respect of contracts or arrangements, to which section 297 or section 299 applies, it would be advisible to split the register in 2 parts. Query on register to be maintained us 301 of the companies act, 1956 corporate law. The register may be kept with the following columns. Format of all statutory registers under companies act 1.
The register of directors shareholding, maintained under section 307 of the companies act, 1956, will be available for inspection by the members at the egm. In our opinion and according to the information and explanationloan the terms a given to uof s. As per the auditors report, the company has entered into certain related party transactions and consequently entries have been made in the register maintained under section 301 of the act. Companies act 20 vs companies act 1956 the companies act, 20 has been passed by lok sabha as well as rajya sabha and the president has given his consent to the same in august 20. All transactions with related parties to be mentioned in register.
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