Companies Act, 2013 and Rules with Ready Referencer

Contents at a Glance

About Corporate Professionals………………………………………………………………………………………………..iii
Brief Profile of Experts who have contributed to this Book ………………………………………………………… vii
How to read the Book/ Some unique features of the Book …………………………………………………………. xvii
Section-wise Analysis of the Companies (Amendment) Act, 2017 …………………………………………….. xix
Analysis of the Companies (Amendment) Act, 2019 ………………………………………………………………. xlix
Analysis of the Companies (Amendment) Act, 2020 ……………………………………………………………….lxiii

Division I

Enforcement Status of the Companies Act, 2013

Enforcement status of Sections of the Companies Act, 2013 and subsequent
amendments……………………………………………………………………………………………………………….1.1.3
Sections of the Companies Act, 2013 Not Yet Enforced ……………………………………………………1.2.1
Sections Subsequently Inserted in the Companies Act, 2013 ……………………………………………1.3.1
Sections Subsequently Omitted in the Companies Act, 2013 ……………………………………………1.4.1

Division II

Companies Act, 2013

Arrangement of Sections ………………………………………………………………………………………………. 2.1.iii
The Companies Act, 2013 ………………………………………………………………………………………………..2.2.1
Schedule I (MOA & AOA)………………………………………………………………………………………………Sch.1
Schedule II Useful Lives to Compute Depreciation……………………………………………………….Sch.25
Schedule III General Instructions for Preparation of Balance Sheet and Statement of
Profit and Loss of a Company ………………………………………………………………………………….Sch.33
Schedule IV Code for Independent Directors………………………………………………………………Sch.135
Schedule V (Managerial Remuneration: Sections 196 & 197)……………………………………….Sch.139
Schedule VI (Infrastructural Projects)………………………………………………………………………….Sch.149
Schedule VII (Activities relating to Corporate Social Responsibility)…………………………..Sch.151

Division III

Circulars/Orders/ Notifications

Table of Circulars…………………………………………………………………………………………………………… 3.C.3
Circulars……………………………………………………………………………………………………………………….3.C.21
Table of Orders ………………………………………………………………………………………………………………3.O.1
Orders…………………………………………………………………………………………………………………………….3.O.3
Table of Notifications …………………………………………………………………………………………………….3.N.1
Notifications …………………………………………………………………………………………………………………..3.N.4

Division IV

Secretarial Standards

Secretarial Standard on Meetings of the Board of Directors………………………………………………..4.3
Secretarial Standard on General Meetings ………………………………………………………………………..4.22
Secretarial Standard on Dividend …………………………………………………………………………………….4.50
Secretarial Standard on Report of The Board of Directors…………………………………………………4.63

Division V

Concise Referencer

List of Ready Referencer…………………………………………………………………………………………………….5.3

A: Companies Act, 2013 & 1956

01. Provisions of the Companies Act, 1956 and Corresponding Provisions of the
Companies Act, 2013 …………………………………………………………………………………………………..5.7
02. Provisions of the Companies Act, 2013 and Corresponding Provisions of the
Companies Act, 1956 …………………………………………………………………………………………………5.55

B: Resolutions and Approvals under the Companies Act, 2013

03. Matters Requiring Approval of Members by Ordinary Resolution ……………………………5.95
04. Matters Requiring Approval of Members by Special Resolution ……………………………..5.101
05. Matters Requiring Special Notice …………………………………………………………………………….5.111
06. Rights which can be Exercised by Members having at least 10% Voting Power……….5.112
07. Matters to be Passed by Postal Ballot……………………………………………………………………….5.116
08. Matters Requiring Unanimous Resolutions by Board of Directors …………………………..5.118
09. Matters Required to be Agreed to by All Members (Unanimous)…………………………….5.119
10. Matters Requiring Resolutions to be Passed by Board of Directors in Board
Meeting Only…………………………………………………………………………………………………………..5.121

C: Privileges and Exemptions under the Companies Act, 2013

11. Privileges and Exemptions for Private Company …………………………………………………….5.125
12. Privileges and Exemptions for Specified IFSC Private Company……………………………..5.130
13. Privileges and Exemptions for Specified IFSC Public Company ………………………………5.136
14. Privileges and Exemptions for Government Companies ………………………………………….5.143
15. Privileges and Exemptions for Nidhi Company ………………………………………………………5.151
16. Privileges and Exemptions for Section 8 Company ………………………………………………….5.154
17. Privileges and Exemptions for One Person Company (OPC) …………………………………..5.158
18. Privileges and Exemptions for Start-Up Companies ………………………………………………..5.161
19. Privileges and Exemptions for Small Company……………………………………………………….5.164
20. Privileges and Exemptions for Dormant Company………………………………………………….5.167

D: Disclosures under the Companies Act, 2013

21. Disclosures in Directors’ Report by One Person Company (OPC) and Small
Company…………………………………………………………………………………………………………………5.171
22. Disclosures in Director’s Report by Private Company……………………………………………..5.175
23. Disclosures in Directors’ Report by Unlisted Public Company ………………………………..5.182
24. Disclosures in Directors’ Report by Listed Company ………………………………………………5.192
25. Matters Required to be Posted on Website of the Company …………………………………….5.202
26. Disclosures in Explanatory Statement ……………………………………………………………………..5.209
27. Matters Required to be Published in Newspapers……………………………………………………5.221
28. Disclosures by Director to the Board/Company………………………………………………………5.232

E: Punishment and Penalties under the Companies Act, 2013

29. Offences Liable for Punishment for Fraud under Section 447 (Cognizable Offence)…5.237
30. Offences Liable to Penalty (Adjudication under Section 454) …………………………………..5.243
31. Offences Liable to Punishment with Fine Only (Compoundable Offences) ……………..5.259
32. Offences Liable to Punishment with Imprisonment or with Fine or with Both
(Compoundable Offences)……………………………………………………………………………………….5.268
33. Offences Liable to Punishment with Imprisonment and with Fine (NonCompoundable Offence)………………………………………………………………………………………….5.272

F: Consequences

34. Consequences for Default in Repayment of Deposit or Interest Therein…………………..5.281
35. Consequences for Default in Repayment of Debenture or Interest Therein………………5.285
36. Consequences for Default in Redemption of Preference Shares or Payment of
Dividend Thereon……………………………………………………………………………………………………5.287
37. Consequences for Default in Payment of Declared Dividend…………………………………..5.288
38. Consequences for Default in Repayment of Term Loan from Public Financial
Institutions or State Level Financial Institution or Scheduled Bank or Interest
Payable Thereon………………………………………………………………………………………………………5.290
39. Consequences for Default in Filing of ‘Annual Return’ or ‘Financial Statements’
with the Registrar ……………………………………………………………………………………………………5.291
40. Consequences for Initiation of any Inquiry, Inspection or Investigation Against the
Company or any Prosecution is Pending Against the Company………………………………5.294

G: Documents and Inspection

41. Documents and Registers Required to be Maintained at the Registered Office of
the Company …………………………………………………………………………………………………………..5.297
42. Documents Available for Inspection………………………………………………………………………..5.302
43. Documents Available for Inspection by Director of Company …………………………………5.312
44. Documents Available for Inspection by Shareholder/Member of Company……………5.313
45. Registers Required to be Kept open at AGM For Inspection…………………………………….5.317
46. Powers of Inspection, Inquiry and Investigation ……………………………………………………..5.318
47. Circumstances for Inspection, Inquiry and Investigation…………………………………………5.319

H: Compliances under the Companies Act, 2013

48. Annual Compliances Under the Companies Act, 2013 …………………………………………….5.325
49. Post-Incorporation Compliances ……………………………………………………………………………..5.332
50. Parameters Based Additional Compliances for Private Company……………………………5.333
51. Parameters Based Additional Compliances for ‘Unlisted Public Company’ Under
the Companies Act, 2013………………………………………………………………………………………….5.337
52. Parameters Based Additional Compliances for ‘Listed Company’ Under the
Companies Act, 2013 ……………………………………………………………………………………………….5.345
53. Resolutions Required to be Filed with the Registrar of Companies ………………………….5.350
54. Types of Debentures which shall not be Treated as Deposits …………………………………..5.351
55. Tenure & Limits for Acceptance of Deposits ……………………………………………………………5.352

I: Others

56. Specific Provisions which Require Valuation Report from a Registered Valuer……….5.357
57. List of Forms under the Companies Act, 2013………………………………………………………….5.359
58. List of Formats under the Companies Act, 2013……………………………………………………….5.369