Company Law Manual -2024

This book is a unique compendium of the annotated text of the Companies Act 2013, along with relevant Rules framed thereunder. In other words, it contains a compilation of amended, updated & annotated text of the Companies Act, 2013 & Rules along with Circulars, Notifications and Secretarial Standards.

What sets this book apart is the unique way of presenting the text of the Companies Act and relevant Rules mapped with the relevant Section of the Act. In other words, the annotation under each Section shows:

Relevant Rules framed under the relevant Section

Reference to relevant Forms prescribed

Exemptions available to private companies/Government companies/Nidhis/Charitable Companies/Unlisted Public Company/Private Companies operating from IFSCs located in SEZ

Exemption to Financial Products/Services/Institutions in IFSCs

The gist of relevant Circulars and Notifications

Date of enforcement of the provisions

Corresponding provision under the 1956 Act

Words & Phrases judicially noticed

Allied Laws referred to in the provision(s) and

Relevant provisions of SEBI Rules/SS-1 to SS-4/Listing Obligations/Table F of Schedule I

The Present Publication is the 22nd Edition & amended upto 10th June 2024. This book is edited by Taxmann’s Editorial Board, with the following noteworthy features:

[Taxmann’s series of Bestseller Books] on Company Laws

[Follows the six-sigma approach] to achieve the benchmark of ‘zero error.’

This book is divided into three divisions:

The Companies Act, 2013 with (40+) Rules

Other Rules (15+)

Circulars & Notifications

This book also incorporates the following:

Exemptions to the following:

Private Companies

Section 8 Companies

Nidhis

Government Companies

Private company which is licensed to operate by RBI, SEBI, and IRDA from the International Financial Services Centre located in an approved multi-services SEZ set-up under the SEZ Act

Unlisted public company which is licensed to operate by RBI, SEBI, and IRDA from the International Financial Services Centre located in an approved multi-services SEZ set-up under the SEZ Act

Financial Products, Financial Services or Financial Institutions in an ISFC

Tabular presentation of the following contents:

Table of Fees

Table of Fees Payable to National Company Law Tribunal

List of documents to be attached with a petition or application made before the National Company Law Tribunal

Table of Fees Payable to National Company Law Appellate Tribunal

Fees Payable under Companies (Compromises, Arrangements and Amalgamations) Rules, 2016

Table showing Sections of Companies Act, 2013 & Corresponding Provisions of Companies Act, 1956

Table showing Sections of Companies Act, 1956 & Corresponding Provisions of Companies Act, 2013

Table showing Sections of Companies Act, 1956 not covered in Companies Act, 2013

List of Circulars & Notifications

The contents of the book are as follows:

Companies Act, 2013 with Rules

Arrangement of Sections of the Companies Act, 2013

Arrangement of Rules framed under the Companies Act, 2013

Companies (Specification of Definitions Details) Rules, 2014

Companies (Restriction on Number of Layers) Rules, 2017

Companies (Incorporation) Rules, 2014

Companies (Prospectus and Allotment of Securities) Rules, 2014

Companies (Issue of Global Depository Receipts) Rules, 2014

Companies (Share Capital and Debentures) Rules, 2014

National Company Law Tribunal (Procedure for reduction of share capital of Company) Rules, 2016

Companies (Acceptance of Deposits) Rules, 2014

Companies (Registration of Charges) Rules, 2014

Companies (Management and Administration) Rules, 2014

Companies (Significant Beneficial Owners) Rules, 2018

Companies (Declaration and Payment of Dividend) Rules, 2014

Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016

Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Rules, 2018

Investor Education and Protection Fund Authority (Form and Time of Preparation of Annual Report) Rules, 2018

Companies (Accounts) Rules, 2014

Companies (Accounting Standards) Rules, 2021

Companies (Indian Accounting Standards) Rules, 2015

Companies (Audit and Auditors) Rules, 2014

Companies (Auditor’s Report) Order, 2020

Companies (Corporate Social Responsibility Policy) Rules, 2014

Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015

Companies (Cost Records and Audit) Rules, 2014

Companies (Appointment and Qualification of Directors) Rules, 2014

Companies (Creation and Maintenance of Data Bank of Independent Directors) Rules, 2019

Condonation of Delay Scheme, 2018

Companies (Meetings of Board and its Powers) Rules, 2014

Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

Companies (Inspection, Investigation and Inquiry) Rules, 2014

Companies (Arrests in Connection with Investigation by Serious Fraud Investigation Office) Rules, 2017

Companies (Compromises, Arrangements and Amalgamations) Rules, 2016

Companies (Registered Valuers and Valuation) Rules, 2017

Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016

Companies (Winding up) Rules, 2020

Companies (Authorised to Register) Rules, 2014

Producer Companies Rules, 2021

Companies (Registration of Foreign Companies) Rules, 2014

Companies (Registration Offices and Fees) Rules, 2014

Specified Companies (Furnishing of Information about Payment to Micro and Small Enterprise Suppliers) Order, 2019

Nidhi Rules, 2014

Companies (Transfer of Pending Proceedings) Rules, 2016

Companies (Mediation and Conciliation) Rules, 2016

Companies (Adjudication of Penalties) Rules, 2014

Companies (Miscellaneous) Rules, 2014

Key to Prescribed Forms

Annotated text of the Companies Act, 2013 as amended up to date

Appendix I: Provisions of other Acts referred to in Companies Act, 2013

Appendix II: Words & Phrases Judicially Noticed

Appendix III: Companies (Amendment) Act, 2020

Subject Index

Other Rules

National Company Law Tribunal Rules, 2016

National Company Law Appellate Tribunal Rules, 2016

National Company Law Tribunal (Salary, Allowances and Other Terms and Conditions of Service of President and Other Members) Rules, 2015

National Company Law Appellate Tribunal (Salaries and Allowances and Other Terms and Conditions of Service of the Chairperson and Other Members) Rules, 2015

Depository Receipts Scheme, 2014

Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993

Issue of Foreign Currency Exchangeable Bonds Scheme, 2008

Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, Holding of Meetings and Provision for Offices and Officers) Rules, 2016

Tribunal Reforms Act, 2021

Conditions of Service of Chairperson and Members of Tribunals, Appellate Tribunals and Other Authorities

Tribunal (Conditions of Service) Rules, 2021

National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018

National Financial Reporting Authority Rules, 2018

National Financial Reporting Authority (Meeting for Transaction of Business) Rules, 2019

National Financial Reporting Authority (Recruitment, Salary, Allowances and Other Terms and Conditions of Service of Secretary, Officers and Other Employees of Authority) Rules, 2019

National Company Law Tribunal and National Company Law Appellate Tribunal (Procedure for Investigation of Misbehaviour or Incapacity of Chairperson, President and Other Members) Rules, 2020

Companies (Specification of Definition Details) Rules, 2014

National Financial Reporting Authority appointment of Part-time Members Rules, 2022

Circulars & Notifications

Circulars & Notifications issued under the Companies Act, 2013