Important Provisions of Companies Act 2013

8/17/2019 Important Provisions of Companies Act 2013

1/7

Pranay Patel & Associates

Company Secretaries

Mob No. 7869020174

mail! 28pranay"#mail.com

1 $ P a g e

Write up on some important provisions of Companies Act, 2013 in nutshell (Part-I)

B

C! Prana Patel

Practicin" Compan !ecretar

Pranay Patel & AssociatesCompany Secretaries

Office: 430, Dynamic Centre, M.P. Nagar, Zone-1,

Opp. D.B City Mall,

Bopal -4!"011#M.P$

%-mail: "&pranay'gmail.com

Mo(: )&!*0"01)4


2/7


Company Secretaries

Mob No. 7869020174


2 $ P a g e

PA%'C()A%S

SC'*N

*+ CA201,

%() APP)'CA-')' %)/AN+*%M emption PNA)

ANN(A) +')'N

1. Particlars o3 Annal %etrn 92151115

C /''

Applicable to eery Company.

Si#nin#!

A. Annal retrn s:all be si#ne; by<

a ;irector an; t:e company secretary or

=:ere t:ere is no CS t:en by PCS

-. 'n case o3 *PC an; small company

Annal retrn s:all be si#ne; by<

a t:e company secretary or =:ere t:ere is

no CS t:en by >irector

M7

On Company-

+ine of . 0, 000-,00,000

On Officer- /mprionment for a

term ic may eten2 to !mont or it +ine ",000 -

,00,000 OR it (ot.

2. Annal %etrn Certi3ication by

PCS 9225

1125

C/''

i5 All )iste; Companies

ii5 ery company ain#!

?Pai; p s:are capital ! %s.10 Cr. or more

?rnoer! @ %s.0 Cr. or more

M8

On PC-

+ine ic all not (e le

tan .0,000 (t ic may

eten2 to . ,00,00056

,. An etract o3 t:e annal retrn

s:all 3orm part o3 t:e -oar;Bs

report

92,51215

C/''

ery company M9

A member o3 t:e 'nstitte :ol;in# a ali; certi3icate o3 practice s:all be entitle; @

i5 to certify Annal %etrn prsant to Section 9225 o3 t:e Companies Act 201, Act No. 18 o3 201,5 3or not more than 80 companies 3or eac: o3 t:e 3inancial year n;er

consi;eration.

ii5 to sign Annal %etrn prsant to Section 9215 o3 t:e Companies Act 201, Act No. 18 o3 201,5 3or any number o3 companies 3or eac: o3 t:e 3inancial year n;er

consi;eration. :ese i;elines s:all come into e33ect 3or si#nin# an; certi3ication o3 Annal %etrn 3or 3inancial year 2014201 onar;s.


3/7


Company Secretaries

Mob No. 7869020174


, $ P a g e

ACC*(NS & +'NANC'A) SAMN

4. Salient 3eatres o3 t:e

+inancial statements o3

Sbsi;iaryies5 Associate co.s5

an; D/Bs

129,5 C'E

A*C1

/nrance,

(an7ing or co.

%ngage2 in te

generation or

pply of

electricity

MD, 89D in carge of finance,

C+O or any oter concerne2

peron- imprionment pto 1

year or fine . 0,000 to .

ac or it (ot

. >isclosre o3 contracts n;er

section 18815 it: relate;

parties

1,4,5:5825

C'E

A*C2

Company- +ine- . 0,000 to

. " ac

Officer in 2efalt-

imprionment pto 3 year or

fine . 0,000 to . ac or

it (ot

6. Statement containin# salient

3eatres o3 -FS P&) AFc

1,61510

C'E

A*C,

Company- +ine . ",000

Officer in 2efalt, fine- .,000.

7. +or 3ilin# 3inancial statements

an; ot:er ;oc it: %*C

it:in ,0 ;ays o3 AM5

1,71215

C'E

A*C4

OPC- 1&0 2ay

from te

clore of

financial year

Company- +ine . 1000 per

2ay pto . 10 ac

MD5C+O, Director incarge or

all te 2irector- imprionment

pto ! mont or fine . 1 lac

to . ac or it (ot

8. E-%) Proision!1,7

1215

C'E

a. All companies liste; it: any StocG

c:an#es5 in 'n;ia.

b. Sbsi;iaries on any company liste; it:

any StocG c:an#es5 in 'n;ia.

c. All companies :ain# Pai; p Capital o3

%pees Crore an; aboe.

;. All companies :ain# rnoer o3 %pees

a. Ban7ing

Companie-

9at are

reglate2 (y

B/

(. /nrance

Companie-

9at arereglate2 (y

/D;


4/7


Company Secretaries

Mob No. 7869020174


4 $ P a g e

100 Crore an; aboe. c. Poer

Companie

2. Non-

Ban7ing

+inancial

Companie

>'%C*%BS

9. =oman ;irector 14915 ,

CE'


ii5 ery pblic company ain#!

?Pai; p s:are capital ! %s.100 Cr. or more

?rnoer! @ %s.,00 Cr. or more

ection 1)"- ere no penalty

pecifie2 eebentre & >eposits cee;in# %s. 0 Cr.

S:all :ae at least TWO independent

;irector

ection 1)"- ere no penalty

pecifie2 eF C*F Mana#er an;

in t:eir absence =>b. C+*

20,158

CE'''


ii5 ery ot:er pblic company ain# Pai;

p s:are capital o3 %s.10 Cr. or more

M%1 retrn

o3

appointment

o3 HMP$

M%2

Company lia(le for +ine 6 1la7

to la7.

%MP lia(le for

fine ic may eten2 to0,000.


5/7


Company Secretaries

Mob No. 7869020174


$ P a g e

Application

to C 3orapproal 3or

appointment

reappointm

ent or

remneratio

n5

Contining offence- 1000 eebentre &

>eposits cee;in# %s.0 Cr.

ection1)&$:

?Company lia(le for +ine 6. 1la7 to . la7.

?Officer in 2efalt-

/mprionment of 1yr O fine of

tenty- fi


6/7


Company Secretaries

Mob No. 7869020174


6 $ P a g e

%emneration Committee CE''

ii5 ery pblic company ain#!?Pai; p s:are capital ! %s.10 Cr. or more

?rnoer! @ %s.100 Cr. or more

?*tstan;in# o3 loans >ebentre &

>eposits

cee;in# %s. 0 Cr.

16. Corporate Social

%esponsibility Committee 1,15

,

C'E

i5 ery company ain#!

?Net ort: ! @ %s. 00 C%. or more

?rnoer! @ %s. 1000 C%. or more.

?Net Pro3it! @ %s. C%. or more

#NO9%: Boar2 all enre co. pen2 2I o3

a#. N.P of procee2ing 3 [email protected] on C

No penalty. /f company fail to

contri(te only pecify reaon

in (oar2 report.

A(>'

17. Secretarial A;it 20415 9

CE'''


ii5 ery pblic company ain#!

?Pai; p s:are capital ! %s.0 C%. or more

?rnoer! @ %s.20C%.or more

M%,

Company an2 e


7/7


Company Secretaries

Mob No. 7869020174


7 $ P a g e

? *tstan;in# ;eposits o3 %s. 25 Cr. or more.

iii5 ery priate company ain#!

?rnoer! @ Rs. 200 Cr. or more

?A##re#ate otstan;in# o3 loans or

borroin#s 3rom banGs or P+' !ceeding Rs.

"00 Cr. *r more.

>isclaimer! 9i rite i prepare2 (y rea2ing pro

Documents

Important Provisions of Companies Act 2013