View on westlaw or start a free trial today, companies act 1985, primarysources. As we know that the companies act, 20 has now replaced the decades old companies act, 1956 which was amended tons of. This is because companies, as artificial legal entities, cannot act themselves they need to act through other persons. Relating to the right to practice medicine and surgery and the right to practice medically related acts. Obligation to convene extraordinary general meeting in event of serious loss of capital. Companies act 1985, section 1 is up to date with all changes known to be in force on or before 17 april 2020. Note on hotel development act, 2000 all references in the income tax act to the hotel development act, formerly ch. Firstly, it should be noted that the memorandum and articles constitute a binding contract between the. Registered investment company use of senior securities select bibliography oct. There are various legal consequences of the socalled statutory contract established by section 14 of the companies act 1985. An act to consolidate and amend the law relating to central duties of excise central duties of excise on goods manufactured or produced in certain parts of india.
Directors duties under companies act 2006 and the impact of the. Complete list of sections of companies act, 20 corporate. Companies act 2006, section 40 is up to date with all changes known to be in force on or before 19 april 2020. Companies act 71 of 2008 department of justice and. To encourage municipal action to guide the appropriate use or development of all lands in this state, in a manner which will promote the public health, safety, morals, and general welfare. Beware of dealing with individual directors girlings. Section 40 of the tourism development act preserves.
This act may be called the central excise act,1944. Section 40 ca 2006 provides that where a person deals with a company in good faith the power of the directors to bind the company is deemed free of any limitation in the company s constitution. No person may give shampoos or manicures in a barber shop unless a license as a barber assistant has been issued to him by the board of barber examiners. Section 4 of the principal ordinance is amended by adding at the end. Trevor manuel the then minister of finance raised concern regarding intragroup company loans without. The companies act financial assistance background the companies act 71 of 2008 the act came into effect on 1 may 2011.
Section 40 transactions with countries supporting acts of inter. Companies amendment act 3 of 2011 act to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of. Changes that have been made appear in the content and are referenced with annotations. Construction of references in other acts to companies registered under companies consolidation act 1908 and act of 1963. Prohibition of registration of companies with undesirable names. These sections are updated and extracted from the ebook on the companies act 20 by aubsp. Section 40, companies act 1985 practical law primary source 55967106 approx. Companies act 1985 is up to date with all changes known to be in force on or before 17 april 2020. Companies act 1985 an act to consolidate the greater part of the companies acts 11 march 1985 part i formation and registration of companies. Section 40 ca 2006 adds that, where a third party deals with a company in good faith. Preferences, rights, limitations and other share terms 38.
Additional accountability requirements for certain companies part d capitalisation of pro. Minor and consequential amendments to the companies act, 1963. Under section 8 of the 2006 act, the memorandum will be a more limited. The arms export control act contents page chapter 1foreign and national security policy objectives and restraints 368. Section 258 of the companies act 2006 power of secretary. You can also search for keywords within the sections of the act. A significant change from the previous act of 1973 arises in section 45 relating to financial assistance. See coming into force provision and notes, where applicable. Companies act 1985 is up to date with all changes known to be in force on or before 22 april 2020. Legal nature of company shares and requirement to have shareholders 36. Companies act 71 of 2008 english text signed by the president. Legislation revision and publication act 2002 c a person who has executed a deed of arrangement under part 10 of the.
Provisions of section 40 not to limit any other liability. Court 1985 title 8 item 1a any application under this act shall be made by originating. The arms export control act federation of american. A guide to directors responsibilities under the companies. Section 38, companies act 1985 section 40, companies act 1985 section. Juridical status and membership chapter i company formation memorandum of association 1. The department of labor and industry, hereinafter referred to as the department, is continued as a department of the state government. Experts consent to issue of prospectus containing statement by him. To secure safety from fire, flood, panic and other natural and manmade disasters. Section 38 of the companies act 61 of 1973 the act provides that no company shall give, whether directly or indirectly, and whether by means of a loan, guarantee, the provision of security or otherwise, any financial assistance for the purpose of or in connection with a purchase or subscription made or to be made by any person of or. Definitions of holding company, wholly owned subsidiary and group of companies 9.
Pension benefits standards act, 1985 314 kb pdf full document. The companies act, 20 rules on the companies act, 20 this feature allows you to view the companies act, 20 section wise or chapterwise. Revocation of power under section 24 of principal act to dispense with limited in name of public limited companies. Act structured to facilitate its use in relation to most common type of company. A companys directors are the persons to whom the law looks to manage. Companies act 1985, section 40 is up to date with all changes known to be in force on or before 16 february 2020. Forms of memorandum of association of a public limited company. Section 1 chapter b9 business corporations act 10 part 22 other extraprovincial legal entities 297 definition 298 application of part 299 regulations her majesty, by and with the advice and consent of the legislative assembly of alberta, enacts as follows. There are changes that may be brought into force at a future date. View on westlaw or start a free trial today, section 40, companies act 1985, primarysources section 40, companies act 1985 practical law uk home global home new. Companies act 1985 is up to date with all changes known to be in force on or before 18 april 2020. Provisions in relation to documents delivered to registrar of companies. Pension benefits standards act, 1985 641 kb act current to 20200319 and last amended on 20190621.
Section 417 of the companies act 2006 sets the requirement for one of the. Section 40 ca 2006 came into force on 1 october 2009 and replaced similar provisions of the companies act 1985 ca 1985. Practical law coverage of this primary source reference and links to the. Legislation update effectively states that 29 october 2014 amendments to the companies act power of directors to bind companies introduction this article is the second in a series of legal updates relating to the amendments to the singapore companies act companies act to be effected by the companies amendment bill. Supreme court act 312 kb act current to 20200319 and last amended on 20191218. L16 amended 195 section 4 amended 196 section 37 amended 197 section 38 amended division 22 the mineral resources act, 1985 198 s.
The companies act, 20 ministry of corporate affairs. A guide to directors responsibilities under the companies act 2006. Check the sections youd like to appear in the report, then use the create report button at the bottom of the page to generate your report. Preemptive right to be offered and to subscribe shares 40. Every employer shall pay to each of his employees wages at a rate not less than the federal minimum wage and a training wage as prescribed by the u. Allotment of shares and debentures to be dealt in on stock exchange. You can view a specific section, or view all sections grouped by chapters.
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