Mistry as the managing director of the corporation designated. A comparative study schedule vi of the companies act. Provided that where the aggregate actual cost of individual items of plant and machinery costing rs. Increase in remuneration of managing director on re appointment or appointment after act to require government sanction. An act to consolidate and amend the law relating to companies. The disclosure requirements specified in part i and part ii of this schedule are in addition to and not in substitution of the disclosure requirements specified in the accounting standards prescribed under. The companies registered under the companies act, 1956 or the earlier companies act. Any, of the companies act, 1956 the act read with schedule xiii of the. Remuneration to managerial person under schedule xiii of. Old vs revised 2011 the ministry of corporate affairs mca on tuesday, the 1st day of march notified schedule vi revised.
Schedule xiii, 309, 310, 311 and other applicable provisions, if any, of the companies act, 1956, including any amendment, modification, variation or reenactment thereof, approval of the members of the corporation be and is hereby accorded to the reappointment of mr. Schedules of companies act 1956 pdf certain companies to publish statement in the form in table f in schedule i. Amendment in schedule xiii of the companies act 1956. The companies act, 1956 section 303 to 674 the schedule. Sanjay soni be and is hereby reappointed as managing director of the company with effect from 1st april, 20 to 31st march, 2016 for a period of 3three years on such remuneration as set out below. Companies act, 1956 1 of 1956 so repealed under section 465 of. Shanghvi be and is hereby reappointed as the managing director of the company for a further period of five years effective from 1st april, 2003 to 31st march 2008, on the terms and conditions.
Companies act 1956, 20 pdf bare act, bare act pdf, law. Schedule xiii are not met, a prior approval of the central government is. The companies act 20 has 464 sections and 7 schedules. Definitions of company, existing company, private company and public company 4. Companies act 1956 schedule 14 schedule 14 judgments. Companies act, 20 corresponding to sections 198, 269, 309 and any other applicable provisions of the companies act, 1956 read with schedule xiii to the companies act, 1956, the consent of the company, be and is hereby accorded to.
Amendment in schedule xiii of the companies act 1956 f. In terms of sections 198, 269, 309, 310, 314, schedule xiii and all other applicable provisions, if any, of the companies act, 1956 the above reappointment is required to be approved by the share holders as a special resolution. Companies act, 1956 clarifrcatlon wlth regard to palrment for perlod. An act to consolidate and amend the law relating to companies and certain other associations. Patel as a whole time director of the company for a period of 5 years commencing from 1 st july, 2010 on the terms and conditions as stated below. Recent amendments in schedule vi to the companies act, 1956. Schedule xiv rates of depreciation companies act, 19562i general rate applicable to, a plant and machinery not being a ship. K venugopal, as director and chief financial officer of the company for a period of 5 year, with effect from 8th. Be it enacted by parliament in the sixth year of the republic of india as follows 1. A issac george along with other details are enclosed hereto as annexure. Companies act, 1956 read with schedule xiii to the companies act, 1956 and subject to such sanctions as may be necessary in law, mr. The companies incorporated by means of statute of special act of the parliament or any state legislative eg. Pramod menon, wholetime director of the company who is concerned interested in the appointment and. Certain companies to publish statement in the form in table f in schedule i.
Under schedule xiii of the companies act, 1956, part ii, section ii relating to. Table b memorandum of association of a company limited by shares. The requirements of the revised schedule vi however, do not apply to companies as referred to in the proviso to section 211 1 and section 211 2 of the act, i. Schedule xiii of the companies act, 1956, the board of directors be and is hereby authorized to vary or increase the remuneration, including the salary, commission, perquisites, allowances, etc.
Companies act 1956, companies act 20, corporate governance, corporate. Consequent to the enactment of the companies act, 20 the act and its applicability for accounting periods commencing after 1 april, 2014, the. Part i prescribes host of acts under which the appointee as a managing or whole time director or as a manager should not be convicted of an offence and sentenced to imprisonment for any period or with a fine exceeding rupees one thousand the indian stamp act, 1899, the central excise and salt act,1944. Where compliance with the requirements of the act including accounting standards. Notwithstanding anythingmentionedin this schedule, depreciation on assets, whose actual cost does not exceed fivethousand rupees, shall be provided depreciation at. Nov 18, 2011 the companies act, under schedule xiii, also prescribes certain other conditions that are to be fulfilled for the appointment of a managing or a wholetime director or manager in case of a public company and a private company that is a subsidiary of a public company. Revision in terms of remuneration of mr sunil duggal. Resolved that pursuant to sections 198, 269, 309, 314 and other applicable provisions, if any, and schedule xiii of the companies act, 1956, approval of the company be and is hereby accorded to the reappointment of mr. Download schedule vi companies act 1956 file in pdf format. Companies act, 1882 6 of 1882, or in table a in the first schedule annexed to the indian. Schedule xiv rates of depreciation companies act, 1956.
Companies act 1956 schedule 14 citation 11771 bare act. In order to promote the development of indian corporate sector and another step towards simplification of procedure under the companies act, 1956, the ministry of corporate has decided to amend schedule xiii to the companies act, 1956 w. In the case of a public company, or a private company which is a subsidiary of a public company, if the terms of any re appointment or appointment of a managing or whole time director, made after the commencement of this act, purport to increase or have. Resolved that pursuant to sections 198, 269, 309 314 and all other applicable provisions of the companies act, 1956 the act, read with schedule xiii to the said act, the approval of the shareholders of the company be and is hereby accorded to the appointment of mr. Notwithstanding anything mentioned in this schedule, depreciation on assets, whose actual cost does not exceed rs. Memorandum and articles of association of a company limited by guarantee and not having. Amin, as wholetime director of the company for a period of three years with effect from 14th february, 20, as approved by. The provisions of existing schedule xiii of the 1956 act have been incorporated in schedule. Companiesfiling of documents and forms in extensible business reporting. Original notification for schedule vi stdated 21 march, 1961. The revised schedule vi has been framed as per the existing nonconverged indian accounting standards notified under the companies accounting standards. The pdf file you are about to download is not created by writinglaw. Pdf file contains your user id and password for evoting. Xiii to the companies act, 1956 companies act in relation to.
Vineet nayar as the joint managing director of the. Amendment in schedule xiii of the companies act, 1956. Donation to political parties should be shown separately though it is not required as per revised schedule vi as the same is required under section 293a of the companies act. The proposed remuneration is within the limits prescribed under part ii section i of schedule xiii of the companies act, 1956. Managing director of the company, pursuant to section 269 read with schedule xiii and other applicable provisions of the companies act, 1956, for a period of five years commencing april 25, 20 to april 24, 2018, on such terms as set out in the explanatory statement attached to the notice convening this annual general meeting. A comparative study schedule vi of the companies act, 1956. To consider and if thought fit, to pass with or without modification the f ollowing resolution as a special resolution. Companies act, 1956, read with schedule xiii of the said act, including any statutory modifications or reenactmentthereof,forthetimebeinginforce,andsubjectto such approvals as may be necessary, approval of the members be and is hereby accorded to appointment of mr. Listed companies will be required to file with the roc a report in the manner. Cherylann pinto as a director in the wholetime employment of the company and designated as director corporate affairs for a period of 5 years with effect from 16th may. The ministry of corporate affairs has issued general circular no. The companies act, 1956 section 303 to 674 the schedule, indian bare acts at, a website for indian laws and bareacts, legal advice. Companies act, 1956 read with schedule xiii of the said act, approval be and is hereby granted for the reappointment of shri arvind g. Schedule iii see section 129 general instructions for preparation of balance sheet and.
Construction of references to documents annexed to accounts. Directors notes for companies act 1956 linkedin slideshare. Resolved that pursuant to sections 198, 269, 309 and other applicable provisions, if any, of the companies act, 1956. Schedule xiii of the companies act, 1956 or any modification or reenactment thereof. Schedules under companies act 1956 corporate law forum. Introduction section iii of part ii of schedule xiii of the companies act deals. According to section 198 of the companies act 1956 total remuneration to be paid to directors, manager and managing director should not exceed 11% of the net profits. If you agree then only proceed to download companies act 20 pdf. The regulations contained in table a in the first schedule of the companies act, 1956, shall not apply to this company except in so far as expressly incorporated herein. Jun 18, 2014 directors chapter summary by rohit natani cs, net 9783110025 consequences managerial person may vacate the office but acts done shall be valid remuneration should be refunded company shall not waive recovery of remuneration from him. Madhusudhana be and is hereby appointed as executive director for a term of 3 years with effect from.
Right to inspect copies of instruments, and companys register. Companies act, 20 corresponding to sections 198, 269, 309 and any other applicable provisions of the companies act, 1956 read with schedule xiii to the companies act, 1956, the consent of the company, be and is hereby accorded to the appointment of mr. Table a regulations for management of a company limited by shares. The terms and conditions of his reappointment are set out in the draft agreement to be entered with him, excerpts of which are given hereunder. The companies act, under schedule xiii, also prescribes certain other conditions that are to be fulfilled for the appointment of a managing or a wholetime director or manager in case of a public company and a private company that is a subsidiary of a public company. In exercise of the powers conferred by the sub section 1 of section 641 of the companies act, 1956, the central government hereby makes the following further amendments in schedule xiii of the companies act, 1956. Sections 198 and 309 of the companies act, 1956 or any other statutory provisions, modification or reenactment thereof read with section 316 of the companies act, 1956 and as per section ii to the schedule xiii of the companies act, 1956 and that the. Net profits should be calculated according to section 349,350 and 351. No ce pursuant to sec on 192a2 of the companies act, 1956 read with the. Procedural aspects of application for availability of name find no place in the. Schedule v of the companies act, 20 and sections 269, 198, 309, 311, and any other applicable provisions of the companies act, 1956 read with schedule xiii of the companies act, 1956 and subject to the approval of the central government and other statutory approvals, if required, the company hereby approves the reappointment of.