“competent official” means the person appointed by the Minister for the execution of this Act;“Minister” means the Minister having charge and control of the execution of this Act. Section 5. In the case where this Act prescribes that any person shall submit documents or report particulars ...
9. Allotment or issue of shares (a) Section 66(4) of the Act shall not apply to the Company. (b) Subject to the provisions of the Act, (including Section 1026(4)) relating to authority, pre-emption or otherwise in regard to the issue of, or the grant of options over, or other...
Section 2 of Companies Act, 2013, does not define the following: Principal Business Activities means those business activities which are mentioned under the main objects of the company Advance means literally a payment beforehand. In certain cases, it may be a loan but it cannot be said that ...
UK's Insolvency Act 1986 (wrongful trading) and section 588G of the Australian Corporations Act 2001 (insolvent trading), had the same starting point, but now differ substantially, even though, arguably, they retain very similar ... A Keay,M Murray - 《International Insolvency Review》 被引量...
Section 339 of the Act addresses fraud offences and other relevant issues. To expand further, Section 339 makes fraud offences punishable by a fine, jail, or both. Section 339 discusses the following offences in detail: Business Fraud: According to Section 339, anybody who intentionally conducts ...
Any reference in a section of the 2013 Act, to the commencement of the 2013 Act is to be construed as a reference to the coming into force of that section and not necessarily with reference to the enactment of 2013 Act or 12 September 2013 or so on and so forth. This paper is ...
See the UK Companies Act, Section 190(2). See the UK Companies Act, Section 197(2), and similarly for quasi-loans in public companies, see Section 198(3). It may even be possible for the shareholders to bring a claim against the director of a sub-subsidiary called a ‘multiple derivat...
ANDREW KEAY,' Section 172(1) of the Companies Act 2006: an interpretation and assessment `, Sweet & Maxwell, 2007, The Company LawyerKeay, A. 2007. Section 172(1) of the Companies Act 2006: An interpretation and assessment. Company Lawyer 28(4): 106-110....
(5) In this section the expression “company” means any company liable to be wound up under this Law and the expression “arrangement” includes a reorganisation of the share capital of the company by the consolidation of shares of different classes or by the division of shares into shares ...
Section 178 of CA 2013 provides for Nomination and Remuneration Committee and Stakeholders Relationship Committee. Recently, we have discussed in detail section 177 (Audit Committee) of CA 2013. Today, we learn the provisions of section 178 of Companies Act 2013. The provisions of section 178 ...