Is section 42 of Companies Act applicable to private companies?

Companies Act, 2013. [42. (1) A company may, subject to the provisions of this section, make a private placement of securities. Provided that the private placement offer and application shall not carry any right of renunciation.

Is Section 184 of Companies Act 2013 applicable to private companies?

Section 184 (2) shall apply to a private company with the exception that the interested director may participate in such meeting after disclosure of his interest as amended vide Notification No.

What is quorum under Companies Act?

A ‘Quorum’ in simple words means the minimum number of members that have to be present in a meeting. Under the Act, the quorum for a General Meeting, a Board Meeting and an Extraordinary General Meeting is enumerated within its provisions.

Does Companies Act apply to foreign companies?

Sections 380 to 386 (both inclusive) and sections 392 and 393 shall apply to all foreign companies, Provided that the Central Government may, by Order published in the Official Gazette, exempt any class of foreign companies, specified in the Order, from any of the provisions of sections 380 to 386 and sections 392 and …

When did the company Act 2002 come into effect?

Introduction The Companies Act 2002 (The Act) although assented to by the President on 27 June 2002 only came into effect from 1 March 2006. The new law repealed the Companies Ordinance (Cap. 212), 1932, an archaic piece of legislation based on the English Companies Act 1929, and aims to put in place a relevant and modern legal framework.

What did Companies Act 71 of 2008 do?

71 of 2008. The Companies Act 71 of 2008 aims: to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of foreign companies carrying on business within the Republic;

When did South Africa repeal the Companies Act?

to repeal the Companies Act, 1973 (Act No. 61 of 1973), and make amendments to the Close Corporations Act, 1984 (Act No. 69 of 1984), as necessary to provide for a consistent and harmonious regime of business incorporation and regulation; and to provide for matters connected therewith.

Where to find Companies Act statutes in Singapore?

Companies Act – Singapore Statutes Online A Singapore Government Agency Website FAQs| Feedback A- A+ Home Browse Acts