Section 4 Of Companies Act

Companies amendment act 3 of 2011 act to provide for the incorporation registration organisation and management of companies the capitalisation of profit companies and the registration of offices of.

Section 4 of companies act. Substituted by the companies amendment act 2017 yet to be notified by central goverment. Sections 13 14 and 20. 289 shall be deemed to be an invitation to subscribe for or purchase debentures of the corporation.

5 for the purposes of this act any invitation to the public to deposit money with or lend money to a corporation other than a corporation that is a prescribed entity referred to in section 239 4 of the securities and futures act cap. 69 of 1984 as necessary to provide for a consistent and harmonious regime of business incorporation and regulation. Solvency relates to the assets of the company fairly valued being equal or exceeding the liabilities of the company.

Limited company or the last words private limited in the case of a private limited. The companies rules 2013 is not yet brought to force corresponding provisions of the companies act 1956. Corresponding provisions of the english companies act 2006.

Any changes that have already been made by the team appear in the content and are referenced with annotations. An existing company being a subsidiary of a company incorporated outside india registered under the companies act 1956 either as private company or a public company by virtue of section 4 7 of that act will continue as a private company or public company as the case may be without any change in the incorporation status of such company. In terms of section 4 of the companies act 2008 there is a solvency and liquidity test.

Provided that nothing in this clause shall apply to a company registered under. There are outstanding changes not yet made by the legislation gov uk editorial team to companies act 2006. Liquidity relates to the company being able to pay its debt as they become due in the ordinary course of business for a period of 12 months.

Memorandum 1 the memorandum of a company shall state a the name of the company with the last word limited in the case of a public. Changes over time for. The statutory solvency test is set out at section 4 of the companies act 1993.