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The Joint-stock Companies Act, 1857

[Act No. 19 of 1857]

[10th July 1857.]

Contents
Title Joint-stock Companies Act, 1857
Sections Particulars
Part I Constitution and Incorporation of Companies and Associations
I. Company formed by Memorandum of Association and registration
II. Penalty on partnerships exceeding a certain number
III. Matters required to be prescribed by Memorandum of Association
IV. Prohibition against identity of names in registered Companies
V. Form of Memorandum of Association
VI. Shares to be taken by subscribers of Memorandum of Association
VII. Special regulations may be prescribed by Articles of Association
VIII. Form and effect of Articles of Association
IX. Use of printed copies of Memorandum or Articles
X. Registration of Memorandum of Association and Articles of Association
XI. Effect of registration
XII. Directors to be liable for debts if dividend be paid contrary to the provisions of the Act, or when the Company is known by them to be insolvent
XIII. Issue of shares by Company
XIV. Register of shareholders
XV. Annual list of shareholders on Register
XVI. Penal ty on Company not keeping a proper Register
XVII. Restrictive definition of shareholder
XVIII. Transfer of shares
XIX. Certificate of shares
XX. Calls a debt to Company
XXI. Inspection of Register and annual list of shareholders
XXII. Power to close Register
XXIII. Remedy for improper entry, or omission of entry in Register
XXIV. Register to be evidence
XXV. Copies of Memorandum and Articles of Association to be forwarded to shareholders
Part II Management and Administration of Companies
XXVI. Registered Office of Company
XXVII. Notice of situation of registered Office
XXVIII. Publication of name by a limited Company
XXIX. Penalties on non-publication of name
XXX. General Meeting of Company
XXXI. What accounts to be kept
XXXII. Balance-sheet to be made out annually and filed with the Registrar
XXXIII. Balance-sheet to be signed and certified by the Directors
XXXIV. No dividend payable except out of profits
XXXV Audit
XXXVI. Inspection of balance-sheet and of report of Auditors thereon
XXXVII. Appointment of Auditors
XXXVIII. Power of Company to alter regulations by special resolution
XXXIX. Definition of special resolution
XL. Registry of special resolution
XLI. Copies of special resolutions
XLII. Notice to Registrar of increase of capital
XLIII. Prohibition against carrying on business with less than seven shareholders
XLIV. Evidence of proceedings at Meetings
XLV. Contracts how made
XLVI. Execution of deeds
XLVII. Promissory Notes, Bills of Exchange, and Hoondees
XLVIII. Examination of affairs of Company by Inspectors appointed by the local Government
XLIX. Power of Inspectors
L. Result of examination how dealt with
LI. Power of Company to appoint Inspectors
LII. Report of Inspectors to be evidence
LIII. Services of notices on Company
LIV. Rules as to notices by letter
LV. Authentication of notices of Company
LVI. Adjudication of offences and recovery of penalties
LVII. Governor General of India in Council may alter Forms in Schedule
Part III Winding-Up
LVIII. Application of Part III of Act
LIX. Meaning of the Expression the Court as used in Part III of the Act
LX. Liability of present shareholders in respect of debts
LXI. Liability of former shareholders in Company other than a limited Company with respect to debts
LXII. Liability of former shareholders in a limited Company with respect to debts and liabilities
LXIII. Commencement of winding-up of Company defined
LXIV. Definition of "contributory," and legal character of his liability
LXV. Rights of contributories between themselves
LXVI. Circumstances under which Company may be wound-up by Court
LXVII. Company when deemed unable to pay its debts
LXVIII. Application for winding-up to be by petition
LXIX. Course to be pursued by Court on petition of a creditor
LXX. Order for winding-up Company on creditor's petition
LXXI. Course to be pursued by Court on petition of contributory
LXXII. Effect of the order for winding-up Company
LXXIII. Collection and application of assets
LXXIV. Fraudulent preference
LXXV. Power of Court to summon person suspected of having property of Company
LXXVI. Penalty on falsification of books
LXXVII. Executions upon certain judgments within three months of petition to be void
LXXVIII. Books of Company to be evidence
LXXIX. Power of Court to make calls
LXXX. Recovery of calls
LXXXI. Calls may be made upon former shareholders in respect of shares
LXXXII. Payment of money into Court
LXXXIII. Power of Court to grant injunction
LXXXIV. Power of Court to stay proceedings
LXXXV. Power of Court to adjust rights of contributories
LXXXVI. Power of Court to order costs
LXXXVII. Appointment of Official Liquidators
LXXXVIII. Style and duties of Official Liquidators
LXXXIX. Power of Official Liquidators
XC. Remuneration of Official Liquidators
XCI. Dissolution of Company
XCII. Registrar to make minute of dissolution of Company
XCIII. Circumstances under which Company may be wound-up voluntarily
XCIV. Notice of resolution to wind-up voluntarily
XCV. Consequences of voluntary wind-up
XCVI. Saving of rights of creditors
Part IV Registration
XCVII. Registration
Part V Repeal of Former Act and Temporary Provisions
XCVIII. Repeal of Act XLIII of 1850
XCIX. Registration of existing Companies
C. Requisitions for registration by existing Companies
CI. Authentication of statements of existing Companies
CII. Certificate of registration of existing Companies
CIII. Power of Company to change name
CIV. Certificate to be evidence of compliance with Act
CV. Saving rights to creditors
Schedule Form A
Table B Regulations for Management of The Company
Form C
Table D Table of Fees


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