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Bare acts > Companies Act, 1956
 
 
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SECTIONS SECTION 252- 377 : COMPANIES ACT, 1956
   
  CHAPTER II : DIRECTORS
  Constitution of Board of directors
252. Minimum number of directors
253. Only individuals to be directors
254. Subscribers of memorandum deemed to be directors
255. Appointment of directors and proportion of those who are to retire by rotation
256. Ascertainment of directors retiring by rotation and filling of vacancies
257. Right of persons other than retiring directors to stand for directorship
258. Right of company to increase or reduce the number of directors
259. Increase in number of directors to require Government sanction
260. Additional directors
261. [Repealed]
262. Filling of casual vacancies among directors
263. Appointment of directors to be voted on individually
263-A. Sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc.
264. Consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the Registrar
265. Option to company to adopt proportional representation for the appointment of directors
266. Restrictions on appointment or advertisement of director
  Director Identification Number
266-A. Application for allotment of Director Identification Number
266-B. Allotment of Director Identification Number
266-C. Prohibition to obtain more than one Director Identification Number
266-D. Obligation of director to intimate Director Identification Number to concerned company or companies
266-E. Obligation of company to inform Director Identification Number to Registrar.- or section 266C or section 266D or section 266E
266-F. Obligation to indicate Director Identification Number
266-G. Penalty for contravention of provisions of section 266A or section 266C or section 266D or section 266E.-
  Managing directors, etc.
267. Certain persons not to be appointed managing directors
268. Amendment of provision relating to managing, whole-time or non-rotational directors to require Government approval
269. Appointment of managing or whole-time director or manager to require Government approval only in certain cases
  Share qualifications
270. Time within which share qualification is to be obtained and maximum amount thereof
271. [Repealed]
272. Penalty
273. Saving
  Disqualifications of directors
274. Disqualifications of directors
  Restrictions on number of directorships
275. No person to be a director of more than fifteen companies
276. Choice to be made by director of more than fifteen companies at commencement of Act
277. Choice by person becoming director of more than fifteen companies after commencement of Act
278. Exclusion of certain directorships for the purposes of sections 275, 276 and 277
279. Penalty
  Retiring age of directors
280. [Repealed]
281. [Repealed]
282. [Repealed]
  Vacation of office by directors
283. Vacation of office by directors
284. Removal of directors
  Meetings of board
285. Board to meet at least once in every three calendar months
286. Notice of meetings
287. Quorum for meetings
288. Procedure where meeting adjourned for want of quorum
289. Passing of resolutions by circulation
290. Validity of acts of directors
  Board’s powers and restrictions thereon
291. General powers of Board
292. Certain powers to be exercised by Board only at meeting
292-A. Audit Committee
293. Restrictions on powers of Board
  Political contributions
293-A. Prohibitions and restrictions regarding political contributions
293-B. Power of Board and other persons to make contributions to the National Defence Fund, etc.
  Appointment of sole selling agents
294. Appointment of sole selling agents to require approval of company in general meeting
294-A. Prohibition of payment of compensation to sole selling agents for loss of office in certain cases
294-AA. Power of Central Government to prohibit the appointment of sole selling agents in certain cases
295. Loans to directors, etc.
296. Application of section 295 to book debts in certain cases
297. Board's sanction to be required for certain contracts in which particular directors are interested
298. [Repealed]
  Procedure, etc., where director interested
299. Disclosure of interests by director
300. Interested director not to participate or vote in Board's proceedings
301. Register of contracts, companies and firms in which directors are interested
302. Disclosure to members of director's interest in contract appointing manager, managing director
  Register of directors, etc.
303. Register of directors, etc.
304. Inspection of the register
305. Duty of directors, etc., to make disclosure
306. Register to be kept by Registrar and inspection thereof
  Register of directors’ shareholdings
307. Register of directors' shareholdings, etc.
308. Duty of directors and persons deemed to be directors to make disclosure of shareholdings
  Remuneration of directors
309. Remuneration of directors
310. Provision for increase in remuneration to require Government sanction
311. Increase in remuneration of managing director on re-appointment or appointment after Act to require Government sanction
  Miscellaneous provisions
312. Prohibition of assignment of office by directors
313. Appointment and term of office of alternate directors
314. Director, etc. not to hold office or place of profit
  Restrictions on appointment of managing directors
315. [Repealed]
316. Number of companies of which one person may be appointed managing director
317. Managing director not to be appointed for more than five years at a time
  Compensation for loss of office
318. Compensation for loss of office not permissible except to managing or whole-time directors or to directors who are managers
319. Payment to director, etc., for loss of office, etc., in connection with transfer of undertaking of property
320. Payment to director for loss of office, etc., in connection with transfer of shares
321. Provisions supplementary to sections 318, 319 and 320
  Directors with unlimited liability
322. Directors, etc., with unlimited liability in limited company
323. Special resolution of limited company making liability of directors, etc., unlimited
   
  CHAPTER III : MANAGING AGENTS
  Prohibition of appointment of managing agent in certain cases
324. Power of Central Government to notify that companies engaged in specified classes of industry or business shall not have managing agents
324-A. [Repealed]
325. [Repealed]
325-A. [Repealed]
  Appointment and term of office
326. [Repealed]
327. [Repealed]
328. [Repealed]
  Variation of managing agency agreement
329. [Repealed]
  Special pro visions regarding existing managing agents
330. [Repealed]
331. [Repealed]
  Restrictions on number of managing agencies
332. [Repealed]
  Right to charge on assets
333. [Repealed]
  Vacation of office, removal and resignation
334. [Repealed]
335. [Repealed]
336. [Repealed]
337. [Repealed]
338. [Repealed]
339. [Repealed]
340. [Repealed]
341. [Repealed]
342. [Repealed]
  Transfer of; and succession to, office
343. [Repealed]
344. [Repealed]
345. [Repealed]
  Changes in constitution of firms and corporations
346. [Repealed]
347. [Repealed]
  Remuneration of managing agents
348. [Repealed
349. Determination of depreciation
350. Ascertainment of depreciation
351. [Repealed]
352. [Repealed]
353. [Repealed]
354. [Repealed]
355. [Repealed]
  Appointments as selling and buying agents
356. [Repealed]
357. [Repealed]
358. [Repealed]
359. [Repealed]
360. [Repealed]
361. [Repealed]
362. [Repealed]
363. [Repealed]
  Assignment of; or charge on, remuneration
364. [Repealed]
  Compensation for termination of office
365. [Repealed]
366. [Repealed]
  Other rights and liabilities not affected on termination of office
367. [Repealed]
  Restrictions no powers
368. [Repealed]
369. [Repealed]
370. Loans, etc., to companies under the same management
370-A. Provisions as to certain loans which could not have been made if sections 369 and 370 were in force
371. Penalty for contravention of sections 369, 370 or 370A
372. Purchase by company of shares, etc., of other companies
372-A. Inter-corporate loans and investments
373. Investments made before commencement of Act
374. Penalty for contravention of section 372 or 373
375. [Repealed]
376. Condition prohibiting reconstruction or amalgamation of company
377. [Repealed]
 
 
 
 
SECTION : 124-251 SECTION : 252-377
SECTION : 378-521 SECTION : 522-658
SCHEDULE : I SCHEDULE : IA
SCHEDULE : II SCHEDULE : III
SCHEDULE : IV SCHEDULE : V
SCHEDULE : VI SCHEDULE : V
SCHEDULE : IX SCHEDULE : X
SCHEDULE : XI SCHEDULE : XII
SCHEDULE : XIII SCHEDULE : XIV
SCHEDULE : XV  

 

 
 

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