January 2024

Inter Corporate Loans and Investments

A company can give loans and guarantees, acquire securities or make investments in another company or body corporate with the consent of the board or shareholders. Such loans given by a company to other companies or body corporates are known as inter-corporate loans. When a company invests in another company, it is known as inter-corporate […]

Bank of India Current Account

Bank of India (BOI) is ranked among the leading public sector banking companies in India which provides personalised financial and banking solutions. A current account is a type of demand deposit account which includes deposits, withdrawals of funds, and business transactions. A current account is meant for business professionals or business enterprise and those who

The First Schedule Part -II – The Company Secretaries Act, 1980

Professional misconduct in relation to members of the Institute in service A member of the Institute (other than a member in practice) shall be deemed to be guilty of professional misconduct, if he, being an employee of any company, firm or person– (1) pays or allows or agrees to pay, directly or indirectly, to any person any

The First Schedule Part -I – The Company Secretaries Act, 1980

Professional misconduct in relation to Company Secretaries in Practice A Company Secretary in Practice shall be deemed to be guilty of professional misconduct, if he– (1) allows any person to practice in his name as a Company Secretary unless such person is also a Company Secretary in practice and is in partnership with or employed by him; (2) pays or allows

Section 40 – The Company Secretaries Act, 1980

Rules, regulations and notifications to be laid before Parliament Every rule and every regulation made and every notification issued under this Act shall be laid, as soon as may be after it is made or issued, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised

Section 39 – The Company Secretaries Act, 1980

Power to make regulations (1) The Council may, by notification in the Gazette of India make regulations for the purpose of carrying out the provisions of this Act. (2) In particular and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely :— (a) the professions that

Section 38A – The Company Secretaries Act, 1980

Power of Central Government to make rules (1) The Central Government may, by notification, make rules to carry out the provisions of this Act. (2) In particular and without prejudice to the generality of the foregoing powers, such rules may provide for all or any of the following matters, namely :– (a) the manner of election

Section 38 – The Company Secretaries Act, 1980

Reciprocity (1) Where any country notified by the Central Government in this behalf in the Official Gazette, prevents persons of Indian domicile from becoming members of any institution similar to the Institute established under this Act or from practising the profession of Company Secretaryship or subjects them to unfair discrimination in that country, no subject of any such

Section 37 – The Company Secretaries Act, 1980

Maintenance of branch offices (1) Where a Company Secretary in practice or a firm of such Company Secretaries has more than one office in India, each one of such offices shall be in the separate charge of a member of the Institute: Provided that the Council may in suitable cases exempt any Company Secretary in practice or firm of such Company Secretaries

Section 36A – The Company Secretaries Act, 1980

Members, etc. to be public servants The Chairperson, Presiding Officer, members and other officers and employees of the Authority, Disciplinary Committee, Tribunal, Board, Board of Discipline or the Disciplinary Directorate shall be deemed to be public servants within the meaning of section 21 of the Indian Penal Code.]   Amendment 1 Inserted by The Company Secretaries (Amendment) Act, 2006 w.e.f. 17-11-2006