section 76 companies act 2016

A in Part 2 by the insertion of the following. This notification was come into force from 1st April 2014 ie.

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6 If a company fails to comply with a direction under this section an offence is committed by.

. Deposit is one of the sources available with company to raise funds for meeting its short term and long term fund requirements. Section 76 companies act 2016 Ex 3 29 Exh3 1b Htm Picture Matt Clements On Twitter Matt Clement Makeover Visualisation Infographic Spotify S Losses Widen As Royalty Costs Pile Up Spotify Chart Infographic 2 2 Sbc Insurtech Trends 2018 The Digital Insurer Cyber Threat 2018 Trends Fintech. Section 764 of the Companies Act 2016 the general meeting reserves the power to revoke or vary any approval previously given.

An application in for re-opening of books of accounts and for re-casting of financial statement of a company under section 130 of the Act and such application shall be accompanied by such documents as mentioned in. Punishment for contravention of section 73 or section 76. Refer section 74 of companies act 2013 advise the company for compliance of deposit rules.

The Companies Act 2013. The Companies Act 2013. An Act to provide for the registration administration and dissolution of companies and corporations and to provide for related matters.

B every officer of the company who is in default. SECTION 76A. Acceptance of deposits from public by certain companies.

Section 76 starts with the word notwithstanding which implies that it is a specific. Director General of Inland Revenue Board means the Director General of Inland Revenue as provided in section 134 of the Income Tax Act 1967. 902 E issued dated 27032014.

A the conclusion of the next annual general meeting after the approval was given or b the expiration of the period within the next annual. Chapter-V Acceptance of Deposits by Companies. The Companies Act 2013.

If the direction is confirmed the court shall specify the period within which the direction is to be complied with. 1 Notwithstanding anything contained in section 73 a public company having such net worth or turnover as may be prescribed may accept deposits from persons other than its members subject to compliance. January 26 2015 at 640 pm.

Notwithstanding anything contained in section 73 a public company having such net worth or turnover as may be prescribed may accept deposits from persons other than its members subject to compliance with the requirements provided in sub-section 2 of section 73 and subject to. Where a company accepts or invites or allows or causes any other person to accept or invite on its behalf any deposit in contravention of the manner or the conditions prescribed under section 73 or. For a public company this approval expires at the earlier of.

Section 1230 of the Principal Act is amended in subsection 8 in the Table. Substituted vide NCLT Amendment Rules2016 depositor for repayment. Chapter-V Acceptance of Deposits by Companies.

Section 73 to 76 of the Companies Act 2013 herein after called the Act read with Rules made under Chapter V of the Companies Act 2013 regulate the invitation and acceptance of deposits. Section 76 of Companies Act 2013 Acceptance of deposits from public by certain companies. Companies Acceptance of DepositsAmendment Rules 2019 Feb 15 2019.

Qualification of company based on size of. 1 Where before 1 April 1964 a company had issued any shares at a premium section 71 5 and the exceptions to that provision in sections 72 to 75 shall apply as if the shares had been issued after that date but this is subject to subsection 2. 2 Where any part of a premium referred to in subsection 1 had been applied as.

Inspection of minute-books of general meeting-. Acceptance of deposit. Effective date where register is kept at this address.

1 For the purposes of. 73 acceptance of deposits from members and section 74 repayments of deposits taken before the commencement of the Act as the Section 762of the Act says The provisions of. Section 76 of the Companies Act 2013 has been notified by the Ministry of Corporate Affairs MCA vide Notification No.

The commencement date of section 76 is 1-4-2014. July 27 2016 at 1212 am. A the company and.

This section that is Section 76 is an exception to the general rule provided in section 73. INTEREST SCHEMES ACT 2016 Section 76 NOTICE OF PLACE WHERE REGISTER OF INTEREST HOLDERS KEPT OR OF CHANGE IN THAT PLACE Particulars of place where register of interest holders kept New address where register is kept. Application under sections 719 7110 section 734 or section 742 and762-1Where a company fails to redeem the debentures or repay the deposits or any part thereof or any interest thereon an application under sub-section 10 of section 71 or under sub-section 4 of section 73 of the Act or section 45QA of the Reserve Bank of India Act 1934 2.

PUNISHMENT FOR CONTRAVENTION OF SECTION 73 OR SECTION 76 Where a company accepts or invites or allows or causes any other person to accept or invite on its behalf any deposit in contravention of the manner or the conditions prescribed under section 73 or section 76 or rules made thereunder or if a company fails to repay the deposit or. This is provided in section 73 of the Companies Act 2013. Amendment Rules 2016 Jun 30 2016.

Pursuant to provisions of sub-section 2 of section 76 of the Act the provisions of sections 73 and 74 shall mutatis mutandis apply to acceptance of deposits from public by eligible companies.

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