Section 230 Of Companies Act

It runs only 26 words long short and to the point.

Section 230 of companies act. 3 nothing in this act shall affect the table in any repealed written law corresponding to table a in the fourth schedule in force immediately before the date of commencement of section 181 of the companies amendment act 2014 or any part thereof either as originally enacted or as altered in pursuance of any statutory power or the corresponding table in any former written law relating to. By repealing section 230 social networks would be legally responsible for what people post on. Section 230 to 240. But it has had an outsize affect on life as we know it.

Section 230 is a part of federal legislation passed more than 20 years ago. Chapter xvi prevention of oppression and mismanagement. Section 230 of the companies act requires that the notice of the meeting shall be sent to all creditors members enclosing therewith a statement containing details of the scheme and the effect of the scheme on creditors promoters non promoter members etc. The notice of the meeting under sub section 3 of section 230 of the act shall be advertised in form no.

Chapter xix revival and rehabilitation of sick companies. Caa 2 in at least one english newspaper and in at least one vernacular newspaper having wide circulation in the state in which the registered office of the company is situated or such newspapers as maybe directed by the tribunal and shall also be placed not less than thirty days before. Chapter xvii registered valuers. 1 where a compromise or arrangement is proposed a between a company and its creditors or any class of them.

Further there is no embargo on participation and voting rights of any member creditor. Notified date of section. Section 241 to 246. 19 the applicant companies to serve the notice on the concerned income tax authority within whose jurisdiction the applicant company s assessment are made pursuant to section 230 5 of the companies act 2013 as per rule 8 of the companies compromises arrangements and amalgamations rules 2016.

The executive order aims to remove the protections of section 230 in the communications decency act. Section 248 to 252. Chapter xx winding up. Or b between a company and its members or any class of them.

Chapter xviii removal of names of companies from the register of companies.