Page 14 - PowerPoint Presentation
P. 14
Important Sections for ITC (Companies Act)
Section no. Section of Act
Chapter 1: Interpretation, purpose and application
2 Related and inter-related persons
3 Subsidiary relationships
4 Solvency and liquidity test
8 Categories of companies
Chapter 2: Formation, administration and dissolution of companies
15 Memorandum of Incorporation, shareholder agreements and rules of company
16 Amending Memorandum of Incorporation
19 Legal status of companies
20 Validity of company actions
21 Pre-incorporation contracts
22 Reckless trading prohibited
24 Form and standards for company records
27 Financial year of company
28 Accounting records
29 Financial statements 13
30 Annual financial statements
