Prohibition of partnership exceeding twenty m embers. Occupational and personal pensions scheme general regulations 2011, l. Laws of malaysia act 125 companies act 1965 arrangement of sections part i preliminary section 1. In this code, unless the context otherwise requires, the expressions defined in the first schedule hereto shall have the meanings assigned to them in that schedule. Accounts complying with banks and financial institutions act. Unlike companies act, 1963 act 179, the companies act 2019 grants companies the. Part ii incorporation of companies and matters incidental thereto ss. Independent auditors report to the board of directors of. Part ii incorporation of companies and matters incidental. There are currently no known outstanding effects for the stock transfer act 1963. Companies act 1963 sect 9 representation of bodies corporate at meetings of companies and of creditors. Chapter x audit and auditors section 9 148 read with.
The companies act, 20 ministry of corporate affairs. Removal, resignation of auditor and giving of special notice effective from 1st april, 2014, except second proviso to subsection 4 and 5 which is effective from 1st june, 20161 the auditor appointed under section 9 may be removed from his office before the expiry of his term only by a special resolution of the company, after obtaining the previous approval of the. Application of act to existing companies and savings. Compensation for loss through nonperformance of act known to be impossible or unlawful. An act to define and amend the law relating to promissory notes, bills of exchange and cheques. Companies act 1993 no 105 as at january 2020, public. Contract to do an act afterwards becoming impossible or unlawful. Section 96 of companies act, 20 corporate law forum. Chapter xix revival and rehabilitation of sick companies. Section 2512 provides that certain sections of the companies acts shall apply notwithstanding that the company is not being wound up. Unit trust of india means the unit trust of india established under the unit trust of india act, 1963 52 of 1963. Power to substitute the price and disallowance of interest on certain transactions. The existing companies shall comply with the stated provisions within 3 years from the date of commencement of this act nothing contained in section 91 shall prejudice the right of the company to remove an auditor or the right of the auditor to resign from such office of the company listed company unlisted public companies having.
Section 147 of ca 20 corresponds to section 232 penalty for noncompliance with sections 225 to 231 and section 233 penalty for noncompliance by auditor with sections 227 and 229 of the companies act, 1956. Chapter xxi part i companies authorised to register under this act. This act may be called the negotiable instruments act, 1881. Section 9 of the companies act, 20 provides for appointment of auditors.
Provided that a person who is a secretary of the company before the coming into operation of this section and who is not a member of a professional or other body as prescribed by the minister may continue to act as the secretary for the company for a period. Section 148 of ca 20 provides for central government to specify audit of items of cost in respect of certain companies. Construction of references in other acts to companies registered under companies consolidation act 1908 and act of 1963 7. See end of document for details 3nothing in this section shall be construed as affecting the validity of any instrument. Appointment of auditors section 9 of the companies act, 20.
Companies act 71 of 2008 english text signed by the president assented to. Updated notes on section 148 of the companies act 20. Arrangement of sections section part i preliminary 1. Company auditors and liquidators to be approved by minister charged with responsibility for finance. Please refer to schedule 5 of the new companies act, no. Representation of bodies corporate at meetings of companies and of creditors. They are sections 9, 140, 149, 203 and 204 of the ca, 1990 and sections 243, 245, 245a, 247, 295, 297, 297a and 298 of the companies act, 1963 ca, 1963. The person so appointed shall hold the office from the conclusion of the agm in which he was appointed till the conclusion of the sixth agm. It extends to the whole of india but nothing herein contained affects the indian paper currency act, 1871, 3 of 1871.
Government companies include other companies referred to in section 95 and 97 of the companies act 20. Registrar and offices for registration of companies. Companies act 1963, section 9 representation of bodies corporate at meetings of companies and of creditors. At a very high level, the new act seeks to introduce improved corporate governance standards for companies operating in ghana. Companies act 1963 section 9 representation of bodies. Section 96 of companies act, 20 section 96 reads as notwithstanding anything contained in subsection 1, the first auditor of a company, other than a government company, shall be appointed by the board of directors within 30 days from the date of registration of the company and in the case of failure of the board to appoint such. Definitions of holding company, wholly owned subsidiary and group of companies 9. Penalty for not complying sections 9146 of companies. All companies act, 20 companies act, 1956 securities and exchange board of india act, 1992 sebi prohibition of fraudulent and unfair trade practice relating to securities market regulation, 2003 sebi stock brokers and subbrokers regulations, 1992 sebi substantial acquisition of shares and takeovers regulations, 19941997 other acts. Ghanas new companies act 2019 passed, this is what to.
Construction of references in other acts to companies registered under the companies consolidation act, 1908. Appointment of auditors 1 subject to the provisions of this chapter, every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth. Ghana has a new companies act the companies act 2019 act. Sec 9 of the companies act 20 provides that every company shall appoint an individual or firm as an auditor of the company at the first agm. Chapter x sections 9148 of the companies act, 20 ca 20 deals with the provisions related to audit and auditors. The companies act, 20 rules on the companies act, 20 this feature allows you to view the companies act, 20 sectionwise or chapterwise. Companies act 1963 act 179 section 1commencement spent. Advance pricing arrangement chapter 2controlled companies and powers to protect the revenue in case of certain transactions 9.
Section 9 of the income tax act 1961, contains various provisions related to late filing of various income tax returns. You can view a specific section, or view all sections grouped by chapters. Act structured to facilitate its use in relation to most common type of company 10. The act draws on the experience of more developed jurisdiction and specifically incudes international best. If any individual or nonindividual tax assessee has not filed tax returns within the specified deadline, section 9 also features the guidelines to file delayed returns. For the purposes of this chapter, the word firm shall include a limited. Audit report psus for the year ended 31 march 2015 report no. The companies act, 2019 has been in the works since 2018 and replaces the companies act, 1963 act 179. Act 553 insurance act 1996 date of royal assent sep1996 date of publication in the gazette 26sep1996 an act to provide new laws for the licensing and regulation of insurance business, insurance broking business, adjusting business and financial advisory business and for other related purposes. When corporations deemed to be related to each other 6a. Regulations required in the case of an unlimited company or company limited by guarantee. The companies act, 2019 act 992 has been in the works since 2018 and replaces the companies act, 1963 act 179. Section 147 has provided specific and stringent penalties for contravention of provisions of sections 9 to 146 of the companies act, 20. Offences by directors of companies required to have financial statements audited.
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. Appointment of auditors section 9 of the companies act. Section 140 of companies act, 20 removal, resignation. Ghana has a new companies act the companies act 2019. Today, we learn the provisions of section 148 of the ca 20. All air prevention and control of pollution act, 1981 apprentices act, 1961 arbitration and conciliation act, 1996 banking cash transaction tax black money undisclosed foreign income and assets and imposition of tax act, 2015 central boards of revenue act, 1963 charitable and religious trusts act, 1920 charitable endowments act, 1890. Changes authorised by section 17c of the acts and regulations publication act 1989 have been. You can also search for keywords within the sections of the act. A body corporate may if it is a member of a company, by resolution of its directors or other governing body authorise such person as it thinks fit to act. Recently, we have discussed in detail section 147 punishment for contravention of ca 20.