What is Section 198 of Companies Act 2016?
What is Section 198 of Companies Act 2016?
Section 198(1) (c) Companies Act 2016 states that – 198 (1) A person shall not hold office as a director of a company or whether directly or indirectly be concerned with or takes part in the management of a company, if the person – (c) has been convicted of an offence involving bribery, fraud or dishonesty.
What is section 9 of Companies Act?
From the date of incorporation mentioned in the certificate of incorporation, such subscribers to the memorandum and all other persons, as may, from time to time, become members of the company, shall be a body corporate by the name contained in the memorandum, capable of exercising all the functions of an incorporated …
What is Section 6 of Companies Act?
ACT TO OVER-RIDE MEMORANDUM, ARTICLES, ETC. (b) any provision contained in the memorandum, articles, agreement or resolution shall, to the extent to which it is repugnant to the provisions of this Act, become or be void, as the case may be.
What is under section 5 of the Companies Act?
(5) Where the articles contain provisions for entrenchment, whether made on formation or by amendment, the company shall give notice to the Registrar of such provisions in such form and manner as may be prescribed.
What is Form 48A?
FORM 48A. Statutory Declaration By A Person Before Appointment As Director, Or By A Promoter Before Incorporation Of Corporation.
What is Section 225 Companies Act?
However, Section 225 of Companies Act 2016 prohibits the company from giving a loan or providing security for a loan granted to a person connected with the director of its holding company. (b) enter into any guarantee or provide any security in connection with a loan made to such person by any other person.
What is a Section 8 company?
The primary purpose of registering a company as a Section 8 Company is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports research, etc. To incorporate a Section 8 Company, a minimum of two directors are required.
Is section 42 applicable to private companies?
Section 42 of the Companies Act, 2013 (‘Act’) provides that a company can make a private placement to a select group of persons.
What is Section 5 of the Companies Act 2013?
What is Section 4 of Companies Act, 2013?
According to Section 4 of the Companies Act, 2013, the MoA is a legal document specifying information about the shareholding of the company. It also outlines the scope of the company’s business activities. Further, it is prepared for the purpose of registering the company. It is also called the charter of the company.
What is Form 32 A?
Form 32 is filed with the Registrar of Companies and it indicates the status of the Directors. Thus when a Director resigns, and his resignation is accepted by the Company, the Company becomes obliged to file a Form 32 with the ROC indicating change in status of the Directors.
How can I change my company secretary in Sri Lanka?
How do I appoint a new Director/Secretary?
- Fill in and submit Form 20.
- Fill in and submit Form 18.
- Pass a board resolution to appoint the new director/secretary in to your company.