Sections !!!

priyanshu saxena

MBL LL.B.(Hons.) CS (Professional) wit

2653 Points Joined February 2011

tell me first for which law u r talking about............ as learning process of sections varies from act by act

priyanshu saxena

MBL LL.B.(Hons.) CS (Professional) wit

2653 Points Joined February 2011

look if u want to learn Indian Contract Act, 1872. interpretation clause

a) Proposal

b) Acceptance and Promise

c) Promisor and Promisee

d) Consideration

e) Agreement

f) Reciprocal promises

g) Void Agreement

h) Contract

i) Voidable contract

j) Void contract

remember the order of them in series make a word it may be "PAP CAR VCVV" the section for the word will be "abc def ghij" as it would be in an order so u never miss any section.

IPSA ;)

$

611 Points Joined May 2010

thnx... wot abt exact sections ?

eg. u/s 274 of The Comapnies Act, 1956 - for disqualification of director

u/s 32 of The Income Tax Act, 1961 - Depreciation

priyanshu saxena

MBL LL.B.(Hons.) CS (Professional) wit

2653 Points Joined February 2011

hey u know them thats why u r asking them..............

ny way hv discussions with ur friends the more we discuss the more we remember.... i dont think there is ny person who can learn the whole 611 sections of the companies act, but some of the sections are really important and we need them in corporate world at a large scale, so if u will consider continous revision of them u will never forget them

Look

Chapter II	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	Certain persons not to be appointed directors, except by special resolution.
262	Filling of casual vacancies among directors.
263	Appointment of directors to be voted on individually.
263A	Sections 177, 255, 256 and 263 not to apply in relation to companies not carrying on 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.
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.
270	Time within which share qualification is to be obtained and maximum amount thereof.
271	Repealed.
272	Penalty.
273	Saving
274	Disqualifications of directors.
275	No person to be a director of more than twenty companies.
276	Choice to be made by director of more than twenty companies at commencement of Act.
277	Choice by person becoming director of more than twenty companies after commencement of Act.
278	Exclusion of certain directorships for the purposes of sections 275, 276 and 277.
279	Penalty.
280	Repealed.
281	Repealed.
282	Repealed.
283	Vacation of office by directors.
284	Removal of directors.
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.
291	General powers of Board.
292	Certain powers to be exercised by Board only at meeting.
292A	Audit Committee
293	Restrictions on powers of Board.
293A	Prohibitions and restrictions regarding political contributions.
293B	Power of Board and other persons to make contributions to the National Defence Fund, etc.
294	Appointment of sole selling agents to require approval of company in general meeting.
294A	Prohibition of payment of compensation to sole selling agents for loss of office in certain cases.
294AA	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	Power of directors to carry on business when managing agent or secretaries and treasurers are deemed to have vacated office, etc.
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.
303	Register of directors.
304	Inspection of the register.
305	Duty of directors, etc., to make disclosure.
306	Register to be kept by Registrar and inspection thereof.
307	Register of directors' shareholdings, etc.
308	Duty of directors and persons deemed to be directors to make disclosure of shareholdings.
309	Remuneration of directors.
310	Provision for increase in remuneration to require Government sanction.
311	Increase in remuneration of managing director on reappointment or appointment after Act to require Government sanction.
312	Prohibition of assignment of office by director.
313	Appointment and term of office of alternate directors.
314	Director, etc., not to hold office or place of profit.
315	Omitted.
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.
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 or 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.
322	Directors, etc., with unlimited liability in limited company.
323	Special resolution of limited company making liability of directors, etc., unlimited.

This is the bare act content of the companies act, 1956 u don’t need to remember the whole just remember the important one only.

IPSA ;)

$

611 Points Joined May 2010

those ver examples....

btw thnx a lott..... :) :)

priyanshu saxena

MBL LL.B.(Hons.) CS (Professional) wit

2653 Points Joined February 2011

nahh............ u have to learn the bold one only........... rest of them r rarely useful for the exam point of view

priyanshu saxena

MBL LL.B.(Hons.) CS (Professional) wit

2653 Points Joined February 2011

make short cut keys as the science students use to do while learning the periodic table................make links or pairs of two or three sections together, so that u can remember them easily....................best of luck

IPSA ;)

$

611 Points Joined May 2010

thnx a ton :) :)

ashish gupta

student

1922 Points Joined May 2008

use section when you discuss any topic with your friends. you can learn important sections only when you wanna learn. whenever revising the law remember you are reading a section. and one tip to learn the income tax section 139(4) (belated return). whenever wishing your frnd on belated birthday, wish him/her belated haapy b.day u/s 139(4)