20 November 2009
63. Criminal liability for misstatements in prospectus. (1) Where a prospectus issued after the commencement of this Act includes any untrue statement, every person who authorised the issue of the prospectus shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to 1[fifty thousand rupees], or with both, unless he proves either that the statement was immaterial or that he had reasonable ground to believe, and did up to the time of the issue of the prospectus believe, that the statement was true.
(2) A person shall not be deemed for the purposes of this section to have authorised the issue of a prospectus by reason only of his having given-- (a) the consent required by section 58 to the inclusion therein of a statement purporting to be made by him as an expert, or
(b) the consent required by 2[***] sub-section (3) of section 60.
Rule 8 (c) of the Compaines (Disqualification of Directors Under Section 274(1)(g)of the Comapines Act, 1956)Rules, 2003.
1.) As Per Rule 8 (c) of the Compaines (Disqualification of Directors Under Section 274(1)(g)of the Comapines Act, 1956)Rules, 2003. The Central Goverment shall take such Steps as may be required to update its web-site to ensure taht name of the person, in whose Disqualification period has experied after 5 years is deleted from the web-site.
It Means that the Disqualification director name should remain in the web-site of the central goverment or MCA or minimum 5 years.
2.) Adjourments Send to ITO OR Any higher Authority above the ITO or the adjourment send to the court to taken the adjourment can be sign by the employee , managing director, director or any unqualified person of the company , firm, properitor concern, aop, boi, co-operative society.
3.)how many Adjourments can be made To the ITO or Any higher Authority OR to the court .
Above Mentioned Queries As Per Which Section, Act, Rule, Order.
As per The Companies act, 1956 Extraordinary General Meeting
1) In Case of approval of any document or documents has to be done by the members of the meeting, the notice must also state that the document would be available for inspection at the registered office of the co during the specified date & time.
So in case of co don’t display the document or documents which was approved than what is the penalty provision or any prosecution. As per which section or in which section it has been mentioned the penalty cause. Please help it out.
As per The Companies act, 1956
The Court on application, may order the holding of a creditor’s meeting. But if the court reject the application than what can we move any competent court or any other kind of provision under the Companies Act, 1956 can court reject the application if yes than on what ground the court can reject and how to rectify the grounds on which the court has reject the application. Please do the needful. Also as per which section the court can reject or act.
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