12 November 2009
Can someone kindly provide me with a checklist on the various sections of Corporate Law that is applicable to a Private Limited Company?
12 November 2009
3(1)(iii)-- formation 12(1)-- No of subscribers 70(3)-- Prospectus not required 77(2)-- Assistance to other persons to purchase its own shares 81(3)-- Further issue ,right to members, not applicable 86--Shares with disproportionate voting rights can be issued 90--section 85 to 89 do not apply 111--Appeal against transfer restricted 149-- Commencement of business,minimum subscription, declaration etc, not applicable 165(10)-- statutory meeting, not required 171-186--General meetings, articles may provide otherwise. 198-- no ceiling on managerial remuneration 204-- Restriction of Place of profit, not applicable 220--P & L Inspection restricted to members only. 252-- Two directors needed 255,256,257-- Not applicable 259--Central government sanction, not required 262--casual vacancy/directors, no restriction 263--Appointment of director to be voted individually, not applicable 264--Consent to act as director, nne not file with ROC 266-- Appointment,advertisement,consent, share qualification, not applicable 269--Certain provision of appointment of WTO/MD , not applicable 270,274-- Time limit to take share qualification,not applicable 275-278-- Number of companies directorship, not applicable 283 Additional grounds for vacation can be provided 293-- Restriction on board's power,not applicable 295-- No restriction to loan to director 300(1)--Interested director can participate in discussion and voting 303-- D.O.B need not mention in register 309,310,311--Provision to remunerate MD, not applicable 316,317--Number of MD ship,not applicable 349,350-- Provisions not applicable 372A-- Inter co loan 7 investment, not applicable 386 t0 388--Appointment of manager, not applicable 409--Govt power to change board,not applicable 416--Contract with undisclosed principal company, not applicable.
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