Which sections of the Companies Act 1956 shall apply to all foreign companies?
591. Application of sections 592 to 602 to foreign companies. (b) companies incorporated outside India which have, before the commencement of this Act, established a place of business within India and continue to have an established place of business within India at the commencement of this Act.
Which section of the Companies Act, 1956 defines guarantee in case of companies limited by guarantee?
Section 12 in The Companies Act, 1956.
Which of the following is NOT feature of the company?
Members have unlimited liability is not a feature of a company.
Is Companies Act applicable to foreign company?
Hence, the Act requires two kinds of foreign companies to be regulated: a foreign company having a place of business and or doing business in India and. a foreign company doing business in India in which more than half of its capital is held by Indian citizens or companies or bodies corporate incorporated in India.
Who can be a member of Section 8 company?
Yes, under the Companies Act, 2013, a Partnership firm or an LLP can become the member of Section 8 Company. The provisions of respective Acts need to be complied with by the partnership firm or LLP as the case may be.
Which among the following is not available to companies?
| Q. | Which among the following is not available to companies? |
|---|---|
| B. | 80 C |
| C. | 80 G |
| D. | None of these |
| Answer» b. 80 C |
Which of the following Cannot be a member of a company?
Individuals like minor, insolvent person, insane/lunatic person and Foreigner (if the provisions of the Foreign Exchange Management Act, 1999 do not allow to become a member) cannot become a member of the company.
What is the difference between Companies Act 1956 and 2013 PDF?
In Companies Act 1956, only public financial institution, public sector banks or scheduled bank with main object of financing were allowed to issue there shelf prospectus but now Companies Act 2013 provides that the government shall prescribe the types of companies that can issue shelf prospectus.
Has the Companies Act, 1956 been repealed?
Repealed by the Companies Tribunal (Abolition) Act, 1967 (17 of 1967 ) s. 4 and Sch. 10E. Constitution of Board of Company Law Administration.