| 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 | [Repealed] |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 | [Repealed] |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] |
