Section 194 The Companies Act, 2013

Section 194 The Companies Act, 2013

Prohibition on Forward Dealings in Securities Company by Director or key Managerial Personnel.  1[ Omitted] Amendment Omitted by the Companies (Amendment )Act,2017- Original Omitted Content Notes * Amendment effective from 9th february 2018  

Section 193 The Companies Act, 2013

Section 193 The Companies Act, 2013

Contract by One Person Company (1) Where One Person Company limited by shares or by guarantee enters into a contract with the sole member of the company who is also the director of the company, the company shall, unless the contract is in writing, ensure that the terms of the contract or offer are contained in a memorandum or are recorded in the minutes of the first

Section 192 The Companies Act, 2013

Section 192 The Companies Act, 2013

Restriction on Non-cash Transactions Involving Directors (1) No company shall enter into an arrangement by which— (a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets for consideration other than cash, from the company; or (b) the company acquires or is to acquire assets for consideration other than cash, from

Section 191 The Companies Act, 2013

Section 191 The Companies Act, 2013

Payment to Director for Loss of Office, etc., in Connection with Transfer of Undertaking, Property or Shares (1) No director of a company shall, in connection with — (a) the transfer of the whole or any part of any undertaking or property of the company; or (b) the transfer to any person of all or any of the shares

Section 190 The Companies Act, 2013

Section 190 The Companies Act, 2013

Contract of employment with managing or whole-time directions (1) Every company shall keep at its registered office,— (a) where a contract of service with a managing or whole-time director is in writing, a copy of the contract; or (b) where such a contract is not in writing, a written memorandum setting out its terms. (2) The copies of the contract or

Section 189 The Companies Act, 2013

Section 189 The Companies Act, 2013

Register of contracts or arrangements in which Directors are interested (1) Every company shall keep one or more registers giving separately the particulars of all contracts or arrangements to which sub-section (2) of section 184 or section 188 applies, in such manner and containing such particulars as may be prescribed and after entering the particulars, such register or registers shall be placed before

Section 188 The Companies Act, 2013

Section 188 The Companies Act, 2013

Related party transactions (1) Except with the consent of the Board of Directors given by a resolution at a meeting of the Board and subject to such conditions as may be prescribed, no company shall enter into any contract or arrangement with a related party with respect to— (a) sale, purchase or supply of any goods or materials; (b) selling or otherwise

Section 187 The Companies Act, 2013

Section 187 The Companies Act, 2013

Investments of company to be held in its own name (1) All investments made or held by a company in any property, security or other asset shall be made and held by it in its own name: Provided that the company may hold any shares in its subsidiary company in the name of any nominee or nominees of the company, if

Section 186 The Companies Act, 2013

Section 186 The Companies Act, 2013

Loan and investment by company (1) Without prejudice to the provisions contained in this Act, a company shall unless otherwise prescribed, make investment through not more than two layers of investment companies: Provided that the provisions of this sub-section shall not affect,— (i) a company from acquiring any other company incorporated in a country outside India if such other company has investment subsidiaries beyond

Section 185 The Companies Act, 2013

Section 185 The Companies Act, 2013

Legal Text of Section 185 of The Companies Act, 2013 – Loan to Directors (1) No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,— (a) any director of company, or of a company which is its holding company