Unit-1

Books i Reena Chadda, Suman chadda

Anil Kumar

LAaM - Annual genonal meeting

JEGN- Extaaainey ganeial ating
LRas OR- ondinasy xusoluion --þaccd by majnty
Rass cR - Sheeial neelutien þacced by sheciau majonity
Voted in awous must ba 3 times votes
guint
Geneal meeting can be caed only when intimated
buloe minimm 2dayi.
IL S0 -50 votes then l additional o) chaiman called
cauting votee
Administoion o Co law oVAwie
in MCA CHinistry of (otonate A}aid
CCentral
Inibunalpt.

-i) NcT National Company law TAi bunall.

) NCLAT ’ Nodional Co. Law Abþealate
Qi) steeial coude
Regienal diectos CIn India 4in ne:)
Lugisboi Comfonie)
 NLT 4 NCLAT
Poth cane irdo ellaeet on JJune, >o) 6 both hau
1he povnision do wuato bench branch in No)
Delhi
15>aqionalu bhancheu
NcLT Thele ic a principle bench (bromneh)
Come brDvicion which abplies in NC LT 4
S NCLT and NCLAT hane the Same howel ad
that o civil coutfor cicchazing thair
tunetionu.
CNow t covo al tho matteX which weie
earlies
CLB
in thejuns dichon o
(lo.Law Boqnd) G
ji BIR C Roa ol sndutrial binana!
High couat
2

appear befoe NcLano NeLAT.

NELT
3 oN be made to NC LÀT
ondes
Abpeal againt NcttCan be made before
honoe Subsime coult aithin kdays
s) oth NcLTand NCLAT tay to diapo se a al
the betitoy and cases boitin 3 montko
 Jate :

fieidont cChaman c chaiypekou)

Hembel
Tavo Kind
Tchicad maa CLA,SIwA) hin 1S yeas oftben
Tudicial memnbee

al Mhe laujes and judes.

to begin nith Syeald and teaded byy

Asenat les than Soyeant and not more than

prea'dent-67

Benches NcLT
Roiniple ben ch CBhneh) Ne Delhi

mombel bianah meube

bianeh braneh
compises teahnical Comoise
Ajudiialeeide
oeabilation by judicial membe
teshnical an
judhdal þziided
bjudilal mewber)
 NCLAT
Techn'ca memhe
mìn age s0
mas age(1
rident

)Cantal quv! yovid1 etolithif

dheCaseu',
) Sheeial caUAt e a single judge couit
yt:
) Ashgle judge. who 1s a session judqe
additional aescin fudge. baal wih
ony cuch
casu which carr impikonmert of oo

6) Aetropeliti an moagictale or fist class iudicial

magistrate. Thesc minor offengl
itdd hunichmeut
Regienad bixe thos
7°Aegienal duecos
tHo in
jn Nolda

3 westengton
Noh neeten
Nunbeu
tiM Aheudata
Eartern yeqlon
Noth eastern
6) South eutn dhala
HÍ chekhas
oeAnanda Nationaised -
ndi feond Daust (Unit UTL "RBl,
cheeal
at nde fomad covpoa
om 1)
comhanies Le e-is )
der aqiseed organication atpat Auy
bang ating
at asd
ude a br 20|3Lombany
and fooed
Cowmpamy ch2
imbaoe chennai Nady Tamil B)
e,Numbai -
Mahaauhra B)
two whch tates we4Ye Roc
own itk have1emby wniwDAen theye aud nn stat aey
oLaw
atoadma'
ionen st
Vdi:
f for
gEbett eweeu Line
and Rol'k iquda sffia
woding subervise
etox Xeqioral
ate:
Pagc:
 featueof o.
terd
meanaiiend
Dneotoate acouation --
nde Conhanies Aett

Sepaate lezal untity

Case la
SELoM AN Co L
DseL DH AN y
LEES A|RFARMING Lt
2) LEE VS

3) Adipilal cicatek by law

Cau be

cUC ee Cion
Casaw:
meat cubplikx quild fo lie'
Limited kiability- to the eyte ut hai
6) Transferability
Pi ot
el chane
ony CASE Ma caula wi

Conaohath seal:
OþtBioral cìnce 201

(No conmmn al
 aDete L 9 s)
CASE! JudualL4ting Yt
uninited axctene
leqalNo othe
See a'oh,
ov
Conscquencer ascou' asociation
legalthe
Daimle
mination chaitable H64
Intea the o Ymal
legaleit
'subseqent t Indion om
Cant be can
cant Cued
loilegal Pesonal dees pony,
Co. station spoate not ol ong howing law
ol e enu not
Ltd the asso IUegal acco
liabiity woundup aplly
j
veil cdabon edution irto forrnad no othe daln
chanaterve when legal w)ce lCatto
Conti ascouatton HuF,
is of contrati
binding etclente. b
ubben
l6 Coerlctente diseowed
in not patnethip
itproit me 69)
of
nenta o taxuble meube
litevay,
Jo r wiu
te membeip ,
gain. be nwet
Tye
compoy op by ccieu an
te law legy be
and estiored) ifio
o A
dessnt g
is
 Date

o cant kadowed to car

foy the benit oh Reenls C192)

CACE! Six Dìn chaw Mandjee Pefit
Divided he Co into 4, to evade taxes ch

Preention a fraud ax imou condut

O.ligaion
l93?
seharate legal entty og the bi BF Horne wal
dismicsed ecause 'Hone ddnt pollow hls
ag obligaten
dTa astda welase degislatbn
CACE- wokmen of Aksorocled Pubbey Jnduy
Hdrs Assoctáted Pubbtr Ihdutst Ltt, 196
a lo. to avetd elhahe
kegitlabian ile hse aweiciy bon)' is not
alaued
fomation of subsidasu to aut a aget
CASE - Nechand ice transpot td, Britrh
thansprt ommiscon, 982

Cannot doin
hamec
 heethe Co is a sham or doak

CASE : bethi Developmor Cipper conutrutbn Pult

Authoity- coDn 1466
forgnatioa
ite
abagw a.te do ontking 1uegatin
name whihEony
ony on haur
igdaimo
CASE PNB finane Ltd ys cheetel Boalad Jain
He chan nellLed the meney is sonething elue foY nol
paying the þainupal amou'nt.
In casl oh etonomlc ffenees-(foycw oldance o
dutte nd taxe indi re
CASe : Sanomu Rey vs Unne Tnd)a, 1984.
tol aueidiny erse duty and inding eut wha
for evalion a taxe.

B for detamining techai

Ade Honon
ta Comhelen
td,Vs
the Co.
CAse
CTeleom lo.o
tydebad
Yclatuy Provaion
apedction in me mke nhi
t membe dhih i fall'n twhis ofor a þ
continuney mo nh, the mem bel
 |Date :

b ereesentatien in Procpe ctud Bop

the þros pe ctus and the
Ay wDnp in
wil be bosonally iake
Pailwe to aeten tholl cahon my
Min. sutbstn hon'chould t fixd and
lo. must retun he apblcation mmy

To establish Aelationhip blw haldiny ond

Ruleldeyo
or faitatiny ha: tark of inhe
to find tentiby peable who are
controlliy te
frfiaddulent aoduet at bustnes
Veil

Nisdesciption eh nane
mthe nane of the Co. is micuse d in any
yy and ie deteeedthen that þexon tu

Contrt
Promstele Aemain þe%onally lioble for al the
bre-inwpoann (ortat a he tontra
bae framad when the Co is inexjstEnee,
i Pesenal libety cf dicto
for aut whiei a ltda- vateu Cheyond the

The compny

y Liabilty of diseswndu othei lawe. Ctetuke

Lind oy Companiea k Chsateacd co.
eq-g&)L1*alat ofaslian
o
Co
Regiteed wnde Comankes cul, 201
imitcd by ehanel faslie oY Prva
’imited b gaulantee
Unmite
othu a) ceneed Co (Sec 8) NP0

jove ned b
OPO See 2C82)
p) Small com pa Cec 2(6)
4) fksoiate Co.
hDarmant Coi
) Produee co
 Sec 2(68)

pard pelesibed and which

mìn be
capitalat mayatto
iu aticle oh aco 200
Dumite the' membet to
cexduding paut & þoeeateutoye)
exheet opC
min manlbe 2
memboy notoutrtdees)
(amo ng
3) okibis inuitation to pubie kloesl dek
«pfame o
4 beohibt fnyibation or ate
debatii on puble othes than menbes,
dieuto neishbau
lubl'c Co Sec 2CH)
A co is not a bvae Co, hay a min
paid up cabital as prescRi bed
abayate'co. ohichic asubeldey o
þublhe co
Private
in paid upcabtal
No omembes
o PC-1.

)Name of Co. Ltd.

Ceud wth wodo) OPC

s) Tansferabilty of kestacted
6)lwitoton to þubl?c Pohib ite d
Sub eeniou
 IDate:
Pmase Pub'c
PRAISAL

AL

dejo sit ?ohib iteel TnanceAp

(pertorma.
the prese

Prrchecs Need not b hore tan st

iFmay in
Shae werats peic issue is done
rgets.

Canrot icsue can s e

allotmel of sous can pro(eedta alot meut
he po
ny an

llat ouly a fte

ove t
min ue plar

Apolulst of di veh Al divetos. Separate ob c

role

jpotntad ib

thoa diruto
"or}

. im

Exempt Remanut
dsreeh. all can b ponaneat s ale
diveto
2/3an
melahiono
Jireh "Qut
muotme

B)_Managet
meuneeon
No tncton Can't axuLs

(Cey mamseyial
pesbnnel Publie lo. hou
to obpoint
 Co
haueto
so YYe
ham Puse with
Co
total
Page
: Date
be
Pivate
fr
complyn
Can G,
to
PublG. Co,
beOuPublic 20 toa
Ntneeded theco.
ivate
Je Jo in to þualik
2. abhicoble
motice
ade<cult
2Snall
chonedl
diretr by
defaut
Co
2)
tudsbendut
dieatoy iretosthip prvale a
Prouistend
ze_endiy audib
counte cerda
int
Coniution
of comee
is ondexios
4conditon
taeve
Conyrdeu wiU
wheu
4)No
Roc
 6) 5) Chasge eRtalteled
IhucaA
abþoovad Convec (hutus
day o|neat
intbadid Pomemkexhi kes LNG24 AOA Lac
abhlicabl
Geve&nment
appicaslDelkt pedue
<Rwithin s
kby in o the
in sRi Ccfeal
He
memkehorm
s a Piublic
fenSEBI to
me
oasthip Pvate publ'e
listed proval
no re
C oution)
jncede Co.
subeciptiosa.
INC-28) end
JuluPubc eaied com with
Roc Pvate o
altadþany.
:
Date JPage :
Lomhay thatan wlthPoc
td wndion! Co
aiticls
Co
yan APPRAISA L
RAISAL
ae dornt
is etc
qualtndtraining prne
On
r rtormance nt
eperio of
chy arthe p targets.
rk be ole. or
ob plar
en 2n
 CsÊ
SSOCH A o Sueh
fo 9
Comvnlee eg- CommiHee indebendent ay clauss Such tot
environment
hrotetion
Sudh ate. asty Coo,
Commttee. Nerd . gcompomy
ol HouewelNommally PROfITNOTPOR
PMC co. Recauitnetnettu car aheuld deea ICENSED
conbanle
o-MOA momtel slence,
PCcI amy
not cal compants poowlded
Rd and costitute
intead cheeiad to
det0M,ete a ond be Cec the
CFedencalled genelal eremt cpats,
formed Co
indusrelationip
ehareholdeyand wih
be name
ef Cannetotea as e comhsaegrteed
m 8 CSEC
aon tze bemrtea
ene
behibited eyony of
be
rycebs, momination meetiny cantrad
prom p &)
day the
o
cual hee pomganted witheut
du forned lo., OR
Indian
chambeA q in
limted
not prom ovt. chamy ofing must Acco
o cind thee comne to
apþly )4 not by
these
e þay enod yAT1O
ChacR Yenumeytio fapoy
ire objects (ommexe cautra iabilt
oY
or dauys clivdondto fo r wonde bewith
Lorety ad. rrt.
and o
 3) B) 8
BHEL &4ate
MNTC Agevt GqoV.
PANceM cqulty
<hales HoL euch Nen- See GunnNseIC
Hela manane &
DINa b
co ak The khana
CMantal more Compamied bublie
giing
Hot'ce camoy comm Natioral
hesynafouel
CNationa
TPC mpltan ry
company AND agantcanpeiy JmaeCu,
tt
than om
Han sþot*
e
aund SU toL-iable of
imay aud
haly þuthlie Mohan
hah BSID sec dees clb
Hins j« voiy conve
APy 8
ler. for
nies a of haban
holi n'dt oEndia
ata co. proyisigni
the Lin oeyl tellow
in pono conPAN4 intu
Inteut
nominal or dub
wh hry
enaty anethe
ch malce
uwil islert4ootheu)Delhi
Corpv a nat vae
kind CaLf'ct
which
ert o
than f
 Audits of ago compontand Audito
ContbleA
appointed by CAc c
enea ndia)
ay cAG
CA within
Hxt audibors are appelnted

membex wtn next 6odays in toGM

By
CÃctra ordi'nany Genekal weetiny)
Sub kent audito Geues
apeinted by cAG withn ldo days
Comminegaentonmcio yeat

Annl reots agovt. Campamy a

tabledn a baianentwitain 3mnonthd

-lyto govt camonies

A t . Co, can be a publiC or boiyate Co.

D) PoREGN CoNPANY
1+ js a Co. lnotpoated suttide ndia and
having a hlae o busines in Enollb, whethe
physfeally or litronl cally
9 Some doe an o be submitted by, 'a
's
 Date:
APPAAISAL

/A Ceuti Pied coby oF MoA Ao Aos Constitution of aa 3AISAL

tormance Ai
ol pedorma

<Full veAs bp egistered offie aynd offia în India. on the preso

train1ng nee

ist e oireetox se'uetay with an detuiu etc

nd quality c

Names wnd addes sey o P pe oy in ndia who ane nt is done

authonskd to aceest noiwsdo uments On behals targets.

the po
rchy ane

busineL tn India rove th

Kpedaation that diretos cor autho jsed preyetet n plai

Mes have newehben convited as dabamd

Job ox
role.

abad d be
rork

ime

Neme dthe company and caurnby inconfosatian ce

ote
ting
shautd be exhibited Caisplaysd) auleide euely lim

eloin Tndia

ni aforeigy Co, net Ress than 507o of paid-u

both
ail it is ineospaated în Tadia
oPC cohe Pellon Com pany ec 2l63)i
in Companies Aeto13
Ons membu
the laersori mut be anatua hers on who is
acitin cnd hunt o Fnda
a) t can be aegistead ly
 andith wesd oPC
STename shuld
deak as intapauty omembel of
e a
in the euent OPCyshall beconne the
Lapc
anly one ditr ebeeoe
hau
Omie
be abeint ed a'me mbea n
1) Hins cannot
9minee
cah flow statene.
Nsteaid to freae
Nst euned to tate audihoa
AhM,
Ne mit for baidcapitd
Chanel gau Tantee ludimie
OPC je

and campany asteuation

oPG ic alloued in K Arstraoa, Cinpa þot, Chine
Paeistan and in Indja lsinu 20)2)
oPC cannot be inopocted br bonvetted into
Howeee itcan always be

0It ic aþr ate Camhany

4caoeil marimun þre ebdD uses
 1Datz :

Amual turnbyA carnt be moRe than 40 woe

Smnall coLanm be -
Ralding Compay
camhany
the at
g Small Co. e'ays seuhel exeabtiens
Net requed to þrehare (ash flow statement
i Not gelred te otate auib%
G Ascoziate Company Seel6):

Es a company iin whiheome athe eo. ha

als shae capitad and aight to oþojnt majonty

ofdreet. Jin othed wondi4 is a com
o which moe than 20% but less than 5" Share
cabitals held by anothet lo (>0 soit beLomey

2 ieefore it Can not be caled te subsiday

A co hichic net ative Itis a Co whih i

femed ea futuhe oee si to hold an aset
Steleta pptoeoncet
enguse that the legl tatus a the Co A
itat and the nama is avallabe far any
fubue utnes oegram
buineeuatleastlat
 buelne
anuat
ainanead yeak doiny
nomia talemteegulay
and
bitnot
doment lo'
a
yeas, i tolmuda
dlormant Co. 0nly upto
Yemedn aa

nae
om theh d !
4

Aahiog iheuld be made in pon

MsC-1

Arasehaldue.
6) thes condition - heuld not be a lised o
ahedd not thaue any euttandy eblie
gevt dees
shauld nat hauve any inauiy ineshaden
desed
managment
e all the Aequinemnt ae met, Roe chat
feeue a ceuttate alwin the dornant

The Co <hal continue to have

ta minimum mo. o aliecto
L-publieivatey J-op)
te boad metings ina inancial yea
LA Pie annual retun fdon
f domat
Form Msc
in form
pormant Co. can reet balc to ative tat
by paying in form Msc-4 along with

Theu the max. tenue of a dormant

Com beSlonseuti ve yRar
 Produet’
ehelmelatedto formatisn
Commbination
ati epimo pooduuejnsitutton
produws Produn
objet mean o tnd PoovicioN
direhr
Min
Newecon Sec Nolw Yndue Co.
Dn'Reglstsd
pivate ony ntn
limit
won
att th i duced
be vet
Porodun lol
Huyon odu vitiesara in
ah 0r
or formed
to Cor
a Pub Maz. doet
iicual stitutiot.inmore cheyred maX
m o.
egageo cospanate
hauiny
body þovate Anendment
2013
Cotret
indy c Ltel no. apply
Co of
aeahally ih
in al mbby, t lo,
prdue Cee Aet,
any many
3388) 2o02
atity
o eshì
ci
 Page:
Date : ENTAL APPRAS

APPRAISAL

bsmag þroduce -) þro due of Parmne From

Partormar
essment of pe

agotelwe, nnimal hudbond aly, feo cultue

loyee on the

tecide 1rainir

haltielkule, beseiebise foesty hoandilrde

moton, etc.

anuty and qu

2) 1t cleo incu hand leo n

Cettage in dusby and their eluet avd sessment is
Hhe job tar

otheh anilla indusie ntify th

hierarcb

PoducelNtittetions- A odueA Cointitution 2cts.

0 impr

Kaving
cessior

whedhe noTporaded es notand haviny cbjete -cut

n the

<puitied in Cee 278(e) e co

te's

iral

pninee f tual assistan m

th

these
Vounto nemenhi to eah
vote
imited etAnon ehare cabital.
dshibute
aiitieA leegmunt of
tor oovi di'nsamdeduaton
feodua Co. R welfae
menbes.

Beaistratin oF Produeer Co,

Neasandum,_otle othed doumentt ied
with Poc
ywithn 30 lays il all þrov isions are iompiled
lniorportn

Corposete