Important sections for PCC Law_Discussions

Also I personally feel that for each one of us this is the high time to improve presentation and writing skills and one point towards this initiative would be to write sections at the PCC level. I would request you all to make it a habit to remember sections without asking anybody, as later on this practice will help you a lot when you start preparing for CA final or other professional examinations. Section knowledge is also very important for your professional working. It is 100% true.

But one important point to note is write the section only if you are 100% sure otherwise leave it.

However let me tell you one thing you can easily clear your CA without sections but for me it is all about standards. Now the choice is yours.

Kindly share your opinion in this regard.

Best Regards

Kindly share your opinion in this regard.

thank you sir for ur anticipation...

Thank You so much Sir..!! I was really in need of these important sections...!!

By the way what is Sec.45 and Sec.187 ?

Originally posted by : CA PCC Student
	By the way what is Sec.45 and Sec.187 ?

Section 45. MEMBERS SEVERALLY LIABLE FOR DEBTS WHERE BUSINESS CARRIED ON WITH FEWER THAN SEVEN, OR IN THE CASE OF A PRIVATE COMPANY, TWO MEMBERS.

If at any time the number of members of a company is reduced, in the case of public company, below seven, or in the case of private company, below two, and the company carrier on business for more than six months while the number is so reduced, every person who is a member of the company during the time that it so carries on business after those six months and is cognizant of the fact that it is carrying on business with fewer than seven members or two members, as the case may be, shall be severally liable for the payment of the whole debts of the company contracted during that time, and may be severally sued therefor.

Originally posted by : CA PCC Student
	By the way what is Sec.45 and Sec.187 ?

Section 187. Representation of corporations at meetings of companies and of creditors

(1) A body corporate (whether a company within the meaning of this Act or not) may-

(a) if it is a member of a company within the meaning of this Act, by resolution of its Board of directors or other governing body, authorise such person as it thinks fit to act as its representative at any meeting of the company, or at any meeting of any class of members of the company :

(b) if it is a creditor (including a holder of debentures) of a company within the meaning of this Act, by resolution of its directors or other governing body, authorise such person as it thinks fit to act as its representative at any meeting of any creditors of the company held in pursuance of this Act or of any rules made thereunder, or in pursuance of the provisions contained in any debenture or trust deed, as the case may be.
 

(2) A person authorised by resolution as aforesaid shall be entitled to exercise the same rights and powers (including the right to vote by proxy) on behalf of the body corporate which he represents as that body could exercise if it were ¹[an individual member], creditor or holder of debentures of the company.

Very useflul section thanks sir for sharing .

thanks for sharing sir