what are the provisions of Company Act 1956 regarding the agenda Relat...
The Companies Act 1956 is administered by the Government of India through the Ministry of Corporate Affairs and the Offices of Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc. The Act is 658 sections long.
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what are the provisions of Company Act 1956 regarding the agenda Relat...
Note -Now companies Act 2013 applicable in India
In case of a listed company, a notice of seven days, excluding the date of Notice and the Meeting
shall be given in respect of a Meeting wherein periodic financial results or financial statements are
proposed to be considered.
Agenda and Notes on Agenda shall be sent to all Directors by hand or by post or by courier or by e-
mail at their address registered with the company or by any other Electronic Mode. These shall be
sent to the postal address in India or e-mail address or any other electronic address registered by
the Director with the company separately or in the absence of such details or any change thereto,
to any of such addresses appearing in the Director Identification Number (DIN) registration of the
Directors.
Where a Director specifies a particular mode, these papers shall be sent by such mode.
The Notice, Agenda and Notes on Agenda shall be given to the Original Director also, even if they
have been given to the Alternate Director.
Supplementary Notes on any of the Agenda Items may be circulated at or prior to the Meeting.
what are the provisions of Company Act 1956 regarding the agenda Relat...
The provisions of the Companies Act 1956 regarding the agenda related to provisions relating to audit and dividends are as follows:
1. Audit provisions:
- Section 224: Appointment of auditors and their qualifications.
- Section 225: Power and duties of auditors and auditing standards.
- Section 226: Auditors' report and its contents.
- Section 227: Audit of annual accounts and related documents.
- Section 228: Power of auditors to access books and records.
- Section 229: Cost audit.
- Section 230: Special audit in certain cases.
- Section 231: Punishment for false statements.
2. Dividend provisions:
- Section 205: Dividend to be paid only out of profits.
- Section 205A: Transfer to reserves before declaration of dividends.
- Section 206: Right to dividend, rights shares, and bonus shares to be held in abeyance pending registration of transfer of shares.
- Section 207: Payment of dividend in proportion to amount paid-up.
- Section 208: Dividend when payable.
- Section 209: Failure to distribute dividends within 30 days.
- Section 210: Investigation into affairs of the company.
- Section 211: Annual accounts and balance sheet to be laid before the company in the general meeting.
- Section 212: Prohibition of provision of financial assistance to purchase or subscribe to the company's shares.
- Section 213: Power of Central Government to direct companies not to provide financial assistance for acquisition of their own shares.
- Section 213A: Prohibition on acceptance of deposits from the public.
- Section 213B: Requirement of listing agreement.
- Section 213C: Penalty for violation of listing agreement.
- Section 213D: Punishment for failure to distribute dividends within the prescribed period.
- Section 213E: Penalty for failure to distribute dividends within the prescribed period.
- Section 213F: Power to inspect and investigate.
- Section 213G: Power of Central Government to apply to the Tribunal for relief in cases of oppression, etc.
- Section 213H: Power to order removal of auditors.
- Section 213I: Penalty for failure to distribute dividends within the prescribed period.
- Section 213J: Penalty for non-compliance with section 217.
- Section 213K: Penalty for not filing annual accounts and balance sheet.
- Section 213L: Penalty for not filing annual accounts and balance sheet.
- Section 213M: Penalty for failure to file annual accounts and balance sheet.
- Section 213N: Penalty for failure to file annual accounts and balance sheet.
- Section 213O: Penalty for failure to file annual accounts and balance sheet.
- Section 213P: Penalty for failure to file annual accounts and balance sheet.
- Section 213Q: Penalty for failure to file annual accounts and balance sheet.
- Section 213R: Penalty for failure to file annual accounts and balance sheet.
- Section 213S: Penalty for failure to file annual accounts and balance sheet.
- Section 213T: Penalty for failure to file annual accounts and balance sheet.
- Section 213U: Penalty for failure to file annual accounts and balance sheet.
- Section 213V: Penalty for failure to file annual accounts and balance sheet.
- Section 213W: Penalty for failure to file annual accounts and balance sheet.
- Section 213X: Penalty for failure to file annual accounts