Matters requiring approval of Cent Govt. Under Co. Act

CS Ankur Srivastava (Company Secretary & Compliance Officer)   (17853 Points)

02 July 2010  

 

MATTERS REQUIRING APPROVALS OF CENTRAL GOVERNMENT UNDER COMPANIES ACT.
     
Sr. No. Section No. Remarks
1 58A(8) Company Deposits: Extension of time for compliance with section 58A.
2 81(3)(b) Authorisation to issue debenture/raise loans with conversion clause.
3 114(1) Issue of Shares Warrants to bearer.
4 149(2B) Commencement of business by Company.
5 198(4) Remuneration to managerial personnel in case of loss etc.
6 204(1) Proviso Initial appointment of a firm/body corporate to or in an office or place of profit for a term not exceeding ten years.
7 205(i) Proviso Payment of Dividends without providing for Depreciation.
8 205(2)(c ) Provision of depreciation on basis approved by the government.
9 205(2)(d) Provision of depreciation on assets for which no rate has been prescribed.
10 205A(3) Dividend out of accumulated profits.
11 208(3) Payment of Interest out of Capital.
12 211(4) Modification of requirements of Schedule VI
13 212(8) Non application of section 212 to a Subsidiary.
14 213(I) Modification of financial year of holding/subsidiarycomapny.
15 228(4) Audit of accounts of branch office-exemption from operation of section 228.
16 233B(4) Appointment of Cost Auditor.
17 259 Increase in number of Dierctors.
18 268 Amendment of provision relating to managing, whole-time or non-rotational directors.
19 269 Appointment of managing/whole time directors or manager.
20 294AA(2) Appointment of a person as sole selling agent which has a substantial interest in the company.
21 294AA(3) Appointment of sole selling agent by the company having paid up share capital of Rs 50 lakhs or more.
22 295(1) Loans to directors.
23 300(3) Interested director-exemption/modification of provision of section 300.
24 309(1) Proviso (b) Remuneration to professional directors. Opinion of government regarding professional qualifications of director.
25 309(3) Remuneration to directors.
26 309(5B) Waiver of recovery of sum refundable by directors.
27 310 Increase in remuneration of directors.
28 311 Increase in remuneration of managing/whole time directors.
29 314(1B) Holding office or place of profit by a relative or partner etc. of a director or manager.
30 314(2)(b) Waiver of recovery of excess remuneration paid to directors.
31 316(4) Appointment as a managing director of more than two companies.
32 385(2) Removal of disqualification of manager.
33 386(4) Appointment of a person as a manager for more than two companies.
34 387 Proviso Remuneration to manager in excess of prescribed limit.
35 396A Destruction of books of amalgamated company.
36 448 Approval of appointment of professionals as official liquidator(from the commencement of the Companies (Second Amendment) Act, 2002.
37 594 Accounts of Foreign company-exemption from section 594.
38 621A Composition of certain offences (from the commencement of the Companies (Second Amendment) Act, 2002.