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new sections notified on June 1st 2016 in Company Act 2013


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SINotified SectionRelated Matters in short

1
Sub-section (7) of section 7 [except clause (c) and (d)]
Punishment of Directors for False Representation during Incorporation
2Second proviso to sub-section (1) of section 14Alternation of AOA through Spl Resoln for Conversion Pvt to Pub and Vice versa
3
Sub-section (2) of section 14
Alternation as per Sec 14(1) need to be filed with Registrar in 15 Days
4
Sub-section (3) of section 55Issue of Redeemable Pref Shares when company in not position to pay divident -3/4 approval needed
5Proviso to Clause (b) of sub-section (1) of section 61Power now given to limited company to consolidate /divide share capital
6Sub-sections (4) to (6) of section 62Power to issue further Capital given Central Govt in a company in public interest ( Debenture)
7Sub-sections (9) to (11) of section 71About Debenture Trustees can apply for petition before tribunal
8Section 75Damages for fraud  for non repayment of deposits
9Section 97Power of Tribunal to call AGM by an application by member
10Section 98Power of Tribunal to call members meeting by an application by member or suo motto
11Section 99Fine for non complying 96 /97/98
12Sub-section (4) of section 119Power for Tribunal to order inspection of minutes of general meeting
13Section 130Re opening of accounts on court/Tribunal order
14Section 131Voluntary revision of FS or BR
15140(4)  and (5)Removal of Auditor with Spl notice
16Section 169(4)Removal of Director with notice
17Section213Tribunal may investigate Company affairs on application
18Section 216(2)Tribunal may appoint investigator to know  ownership/owner
19Section 218Protection to employees during investigation. Co need to take approval from Tribunal
20Section 221Tribunal can freeze the assets of Co on enquiry/Investigation
21Section 222Tribunal impose restrictions  upon securities
22Section 224(5)Tribunal may order for assets or property of director in case fraud without limitation
23Sections 241, 242 [except clause (b) of sub-section (1), clause (c) & (g) of sub-section (2)], 243, 244, and 245)Tribunal may order against oppression to the members
24Reference of word ‘Tribunal’ in sub-section (2) of section 399No process for compelling the production of any document kept by the Registrar shall issue from any court or the Tribunal
25Sections 415 to 433 (both inclusive)Vacancy of President due to death will automatically filled by senior member, etc
26Sections 434(1) a and bTransfer cases from CLB to tribunal
27Sections 434(2)Transfer cases from CLB to tribunal
28Sections 441Compounding of Offence by Tribunal or RD
29Sections 466Formal Death note of CLB forever

(Author can be reached at By- Sonu Mehla Mobile- 8285910007 E-Mail- sonuandfirm@gmail.com)
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