Section 205 Of The Companies Act

Stated capital 8.

Section 205 of the companies act. Section 205 in the companies act 1956. Of 2001 14 may 2001 arrangement of sections section part i preliminary 1. Meaning of subsidiary matters to be disregarded 5.

205 appointment and remuneration of auditors. Functions of company secretary effective from 1st april 2014 1 the functions of the company secretary shall include a to report to the board about compliance with the provisions of this act the rules made thereunder and other laws applicable to the company b to ensure that the company complies with the applicable secretarial standards. Let us first look at the said section.

Topic current provision requirement changes and reasons. Section 201 of the companies act 2013 will be applicable from the 12th september 2018. Companies act 2013 spells out the function of a company secretary.

Changes over time for. Meaning of solvency test 7. 1 where the restricted activity is to provide in a company s financial statements a treatment that is otherwise prohibited by section 118 1 of the profits or losses attributable to shares of a subsidiary of the company for the period referred to in section 118 2 as the pre acquisition period the declaration shall state.

Meaning of holding company and subsidiary 4. Audit exemption for small companies new section 205c and thirteenth schedule an exempt private company with annual revenue of 5m or less for the financial year is exempt from auditing its financial statements. 1 dividend to be paid only out of profits.

This section talks about the forms of and procedure in relation to certain applications. No dividend shall be declared or paid by a company for any financial year except out of the profits of the company for that year arrived at after providing for depreciation in accordance with the provisions of sub section 2 or out of the profits of the. The companies act 2001 act no.