Banks and deposit companies act 1999 preliminary short title and commencement this act may be cited as the banks and deposit companies act 1999, and shall come into operation on such day as the minister may appoint by notice published in the gazette. There was a shift in the principle in that section 482 a of the companies act 71 of 20083, permits a company to acquire its own shares, provided the provisions of section 46 of the act are met. The translation includes the amendments to the act by article. Certificate of shares 1 a certificate, specifying the shares held by any person, shall be prima facie evidence of the title of the person to. Section 46 of the companies act 20 companies act 20. Section 46 of companies act, 20 certificate of shares. Contracts rights of third parties act 1999 wikipedia. The distribution is pursuant to an existing legal obligation of a company, or a court order. S 34, 56 amends hazardous substances act 15 of 1973 amends nonproliferation of weapons of mass destruction act 87 of 1993. Companies act 2006 is up to date with all changes known to be in force on or before 17 april 2020. Special offer on gst package for cas as per the mou with icai. Part i interpretation interpretation 21in this act, a articles means the articles of association of a company, as originally framed or as altered by special resolution, and includes, so far as they apply to the company, the regulations made. The contracts rights of third parties act 1999 is an act of the parliament of the united kingdom that significantly reformed the common law doctrine of privity and thereby removed one of the most universally disliked and criticised blots on the legal landscape.
Banks and deposit companies consequential amendments. Companies act 1993 no 105 as at january 2020, public. Banks and deposit companies consequential amendments order 1999 order 1999 2 schedule column 1 enactment column 2 amendment banks act 1969 appeals to the supreme court rules 1971 the rules are repealed banks and deposit companies fees act 1975 1. Note on section 340 of the act section 340 of the act states that every former act company shall within two years after the commencement date of the act i. Complete list of sections of companies act, 20 corporate. Accordingly, i have created and hosted a pdf file containing all sections of the companies act, 20 as amended by the companies amendment act, 2019. Reregistration of public company as private limited company 98. Chapter 4 miscellaneous and supplementary provisions. Saica highlights cipc compliance checklist challenges. Companies act 2006, section 46 is up to date with all changes known to be in force on or before 10 april 2020. Corresponding provisions of the english companies act, 2006 section 1159 and schedule 6. Revised under the authority of the law revision law 1999 revision.
Local government laws amendment act 51 of 2002 local government. Please refer to schedule 5 of the new companies act, no. Any changes that have already been made by the team appear in the content and are referenced with annotations. Companies act 2001 and the financial services act 2007. This is a compilation of the commonwealth authorities and companies act 1997. The dissertation will consider the principles of the capital maintenance rule and the. There are changes that may be brought into force at a future date. This provision is brought to force with effect from september 12, 20. The village land act, 1999 table of contents section title part i preliminary provisions i. Section 46 rates of tax vatca 2010 s 46 taxworld ireland.
Section 46 of the companies act 20 certificate of shares section 46 of the companies act 20, sub section 1 a certificate, issued under the common seal, if any, of the company or signed by two directors or by a director and the company secretary, wherever the company has appointed a company secretary, specifying. An act to amend various acts relating to law and justice, and for related purposes assented to october 1999 the parliament of australia enacts. The board of the company, by way of resolution, has authorised the distribution. Certificate of shares effective from 1st april, 2014 1 a certificate, 1issued under the common seal, if any, of the company or signed by two directors or by a director and the company secretary, wherever the company has appointed a company secretary, specifying the shares held by any person, shall be prima facie. Corporations act 2001 sect 46 what is a subsidiary a body corporate in this section called the first body is a subsidiary of another body corporate if, and only if. Companies act 2006, section 46 is up to date with all changes known to be in force on or before 09 april 2020. Municipal systems amendment act 44 of 2003 also amended by local government. Application of act to existing companies and savings. You can view a specific section, or view all sections grouped by chapters. Many students and professionals have requested to provide only the list of all sections of companies act, 20.
Section 46 rates of tax source value added tax consolidation act 2010 section 46. Instead of negative balance, there was substanital foreign exchange reserve so it was felt necessary to drop out the draconian law of fera. Registrar and offices for registration of companies. Companies arrangement of sections section preliminary 1. Words in bold type in square brackets indicate omissions from. Foreign exchange management act, 1999 section 46 power to make rules rule 37bb furnishing of information for payment to a nonresident, not. Corporations act 2001 sect 46 what is a subsidiary. The companies act, 20 rules on the companies act, 20 this feature allows you to view the companies act, 20 section wise or chapterwise. You can also search for keywords within the sections of the act. Power to pay certain commissions, and prohibition of payment of. Chapter i preliminary provisions of the companies act, 20. The companies act, 20 ministry of corporate affairs. The bill for an act with this short title will usually have been known as a companies bill during its passage through parliament. Sections 10 and 17 of the electronic transactions act 1999 do not apply to the.
Government savings certificates act, 1959 46 of 1959 applies, deposit receipts in respect of deposits of securities and units of the unit trust of india established under sub section 1 of section 3 of the unit trust of india act. Municipal property rates act 6 of 2004 with effect from a date to be proclaimed see pendlex regulations under this act certificate in terms of section 118. Corresponding provisions of the companies act, 1956. Changes that have been made appear in the content and are referenced with annotations. Interpretation in this act associate, has the meaning given in section 79. Section 6 capital account transactions foreign exchange management act, 1999. Words and expressions used in these rules but not defined and defined in the act or in companies specification of definitions details. There are outstanding changes not yet made by the legislation. Punishment for default in complying with provisions of sections 96 to 98. Companies act 2008 section 46 section 46 2 provides that a company may not make any proposed distribution i. Rather, section 4 explains how the solvency and liquidity test should be applied, where this test is mentioned in other sections of the companies act, such as sections 45 or 46. In this act, unless the context otherwise indicatesaccounting officer means a person mentioned in section 36. Amended by protection of constitutional democracy against terrorist and related activities act 33 of 2004.
It sets out the procedures for efficient and effective management of all revenue, expenditure, assets and liabilities. Foreign exchange management act, 1999 fema after liberalisation in 1992, various sectors opened for fdi time to time which radically changed the foreign exchange position. Prohibition of partnership exceeding twenty m embers. Laws of brunei chapter 39 companies act enactment no.
Companies act with its variations is a stock short title used for legislation in botswana, hong kong, india, malaysia, new zealand, south africa and the united kingdom in relation to company law. For the purposes of this section, onerous property. Section 43 of companies act, 20 kinds of share capital. Get updated information on list of recent case laws on companies act 20, recent company laws cases in india, supreme court company law case laws, securities law, company law legal database, company law case studies with solutions, etc. A company must not make any proposed distribution to its shareholders unless amongst other things it reasonably appears that the company will satisfy the solvency and liquidity test immediately after completing the proposed. Section 1 is amended a by repealing the definition of bank and substituting the.
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