SECTION 366 OF THE COMPANIES ACT, 2016 ("PROPOSED INTERNAL REORGANISATION") TENAGA NASIONAL BHD Type Announcement Subject OTHERS Description TENAGA NASIONAL BERHAD ("TNB" OR "COMPANY") PROPOSED INTERNAL REORGANISATION BY WAY OF A MEMBERS' SCHEME OF ARRANGEMENT UNDER SECTION 366 OF THE COMPANIES ACT, 2016 ("PROPOSED INTERNAL … 2— Objects of this Act. You can view a specific section, or view all sections grouped by chapters. [7] Section 44 of the Insolvency Act regulates proof of liquidated claims against an estate. Section 44(1) reads: ‘Any person . (1) If it appears to the directors of a company that— (a) any statutory financial statements of the company (referred to subsequently in this Chapter as the “original statutory financial statements”), or (b) any directors' report (referred to subsequently in this Chapter as the “original directors' report”), an undertaking that the proposed directors shall comply with the requirements of Indian Stamp Act, 1899 (2 of 1899); a copy of latest income tax return of the Limited Liability Partnership or firm as the case may be; (3) An affidavit, duly notarised, from all the members or partners providing that in the event of registration as a company under Part I of Chapter XXI of the Act, necessary documents or papers shall be submitted to the registering or other authority with which the company was earlier registered, for its dissolution as Limited Liability Partnership. Provided that there shall be seven or more members for the purposes of registration of a company under this sub-rule. endobj COMPANIES ACT CHAPTER 486 Revised Edition 2012 [2010] Published by the National Council for Law Reporting with the Authority of the Attorney-General www.kenyalaw.org [Rev. Companies Act 2016 : Practice Note No. Short title and commencement. endstream THE COMPANIES ACT No. 1����%t8�����I���'g�3l��6�tH�%����ʤ�J�GN�%q�%�_�N[�N�N�Eޢ��b�K�,�K��p�6�P�`�V'΢���2�4�ڪ��o �l�eK��Rr�d�&��T��*͖:k��QDqe7��b���N�&��O�F���L*���A�;�Ō�=`�U_�'�X&������O#�q�ș�!�)�0m^��&@����p����oƫ�����;$fӹf�!��C� �B����N!��h��,�ҽm] ��! %���� %PDF-1.4 9 0 obj Register of Companies. This section prohibits a company from making a donation or incurring political expenditure unless the transaction or the expenditure is authorised by a resolution of the members of the company. endobj companies capable of being registered (section 366): For the purpose of this Part, the “company” includes any partnership firm, limited liability partnership, cooperative society, society or any other business entity formed under any other law for the … To view the notification. 320 of 2020), made 20 August 2020, were considered in the preparation of this Revised Act. 1 page) Ask a question Section 366, Companies Act 2006 Toggle Table of Contents Table of Contents. PURSUANT TO SECTION 366 OF THE COMPANIES ACT, 2016 (“ACT”) IN RELATION TO THE PROPOSED MERGER OF IWC WITH ISKANDAR WATERFRONT HOLDINGS SDN BHD (“IWH”), INVOLVING THE EXCHANGE OF IWC SHARES(AS DEFINED BELOW) HELD BY SHAREHOLDERS OF IWC OTHER THAN IWH FOR SUBDIVIDED IWH 12 0 obj Interpretation 5. 4. 423) Construction Cap. 3. COMPANIES ACT 2016 Section 14: Application for incorporation (1) A person who desires to form a company shall apply for incorporation to the Registrar. 64. Acts, SECP, Companies Appointment Act, Central Depositories Act, Securities 7 Exchange Commission of Pakistan Act, Anti-Money Laundering Act, Stock Exchanges Act, Securities Act, Corporate Rehabilitation Bill, Revised CRA Draft, The Central registration center shall exercise functional jurisdiction of processing and disposal of all e-forms and related matters pertaining to registration of companies, vide notification S.O.1211(E) dated 23 March, 2016. 67. Repeals 4. 2. Annual Fee payable by a dormant company under sub-section (5) of section 455 of the Companies Act, 2013. 619. Ctrl + Alt + T to open/close. (2) With the exceptions and subject to the provisions contained in this section, any company formed, whether before or after the commencement of this Act, in pursuance of any Act of Parliament other than this Act or of any other law for the time being in force or being otherwise duly constituted according to law, and consisting of   seven or more , may at any time register under this Act as an , or as a , or as a , in such manner and the registration shall not be invalid by reason only that it has taken place with a view to the company’s being wound up: COMPANIES ACT 2016 By: Nor Azimah Abdul Aziz Deputy CEO (Regulatory & Enforcement) Companies Commission of Malaysia. (b)  In case of an application by a Limited Liability Partnership or a firm for registration as a company limited by guarantee or as an unlimited company-. Acts of general meeting, board of directors, or of managing directors. The Companies Act, 2013 Rules on the Companies Act, 2013 This feature allows you to view the Companies Act, 2013 – Section-wise or Chapter-wise. Liability for acts of the company 65. 3 0 obj an undertaking that the proposed directors shall comply with the requirements of Indian Stamp Act, 1899 (2 of “1899); a statement of assets and liabilities of the Limited Liability Partnership or the ftm, as the case may be, duly certified by a chartered accountant in practice which is made as on a date not earlier than thirty days of the filing of form no.URC-1; a copy of latest income tax return of the Limited Liability Partnership or firm as the case may be. or incomplete. This registration shall not be invalid by reason only that it has taken place with a … substituted vide notification dated 31st May, 2016.To view the notification. Inserted vide Companies (Amendment) Act, 2017 dated 03.01.2018 w.e.f., 15.08.2018. (1) For the purposes of this Part, the word “company” includes any partnership firm, limited liability partnership, cooperative society, society or any other business entity formed under any other law for the time being in force which applies for registration under this Part. To view the notification, Listing Obligation and Disclosure Requirements, Circular on fund raising by issuance of Debt Securities by Large Entities, Circular for implementation of recommendations of the Committee on Corporate Governance under the Chairmanship of Shri Uday Kotak, ADT-1 Form filler and Consent letter generator, DIR-2 Consent from the Director and Register of Directors & KMP update, CimplyFive’s Text of Model Resolutions under the Companies Act, 2013. 7. The CIPC released the following additional information to assist in the application and implementation of the Companies Act. Section 9(b) CA 2016 Act stipulates that ‘A company shall have one or more members…’. note two . Interpretation generally. An Act to reform company law and restate the greater part of the enactments relating to companies; to make other provision relating to companies and other forms of business organisation; to make provision about directors' disqualification, business names, auditors and actuaries; to amend Part 9 of the Enterprise Act 2002; and for connected purposes. 1. MEMBERS' SCHEME OF ARRANGEMENT UNDER SECTION 366 OF THE COMPANIES ACT, 2016 ("PROPOSED INTERNAL REORGANISATION") We refer to the Company’s announcements dated 29 July 2019, 1 August 2019, 6 November 2019, 7 November 2019, 22 November 2019, 28 November 2019, 10 January 2020, 23 January 2020, 11 February 2020, 22 June 2020 and the Explanatory Statement dated … (1) For the purposes of this Part, the word “company” includes any partnership. You can view a specific section, or view all sections grouped by chapters. The new Companies Bill 2015 (“Bill”), which will replace the current Companies Act 1965 (“Act”) as a whole and is expected to be gazzetted tentatively by end of August 2016 and its implementation shall commence as early as January 2017. 2 pages) Ask a question Section 366, Companies Act 2014 (Ireland) Toggle Table of Contents Table of Contents. a company with less than seven members shall register as a private company. Changes to Legislation . Interpretation. Prohibition of child labour Sub - Part B - Forced Labour 6. 62. PART II – INCORPORATION OF COMPANIES … The said Amendment Rules shall also come into force fr… 7 0 obj 6 0 obj Savings and transitional provisions. Offence to contravene section 26(4) or (5) 66. To view the notification. (ii) a list showing the particulars of persons proposed as the first directors of the company, their names, including surnames or family names, the DIN, passport number (if any) with expiry date, residential addresses and their interests in other firms or bodies corporate along with their consent to act as directors of the company; (iii) an affidavit from each of the persons proposed as the first directors, that he is not disqualified to be a director under sub-section (1) of section 164 and that all the documents filed with the Registrar for registration of the company contain information that is correct and complete and true to the best of his knowledge and belief; (iv) a list containing the names and addresses of the Partners of the Limited Liability Partnership, (v) a copy of the Act of Parliament or other Indian law, deed of partnership, bye laws or other instrument constituting or regulating the company and duly verified in the manner provided in sub-rule (4), (vi) a statement specifying the following particulars:—. <> stream 5. (3) In computing any majority required for the purposes of sub-section (1), when a poll is demanded, regard shall be had to the number of votes to which each member is entitled according to the regulations of the company. Any changes that have already been made by the team appear in the content and are referenced with annotations. 2012] Companies CAP. Any company formed under any law for the time being in force duly constituted according to law and consisting of seven or more members may at any time register under Section 366 as a company. Substituted vide the Companies (Authorised to Register) Second Amendment Rules, 2018 dated 5.07.2018 w.e.f., 15.08.2018. Section Wise Chapter Wise. 2— Objects of this Act. 4. Overview of Malaysia New Companies ACT 2016. To view the rule. CHANGES IN SUBSTANTIAL SHAREHOLDER'S INTEREST PURSUANT TO SECTION 138 OF THE COMPANIES ACT 2016 Announcement Reference SG200316OTHRQL07 Submitted By (Co./ Ind. The amounts and presentation of the profit and loss account, balance sheet or other statements required by the financial reporting framework are not affected. THE REFORM INITIATIVE The 4 year review by CLRC CorporateLaw Reform Initiative A proposalto repeal the CompaniesAct 1965 TheproposedCompaniesBillis drafted based on the 4 year review conducted by CLRC &AICC Public Consultation on the draft Companies Billwas … Section 366 - Companies capable of being registered - Companies Act, 2013 X X X X Extracts X X X X Notification No. firm, limited liability partnership, cooperative society, society or any other business entity. Changes over time for: Section 366. x����+ �� SECTION 235 – COMPANIES ACT 2016 : REQUIREMENT FOR A SECRETARY. … When provision exempting, etc., officer from liability to the company is void. Section 366, Companies Act 2014 (Ireland) Practical Law Primary Source 1-620-8593 (Approx. (i) the subscriber to the memorandum of the company who shall be deemed to have agreed to become member of the company, and on its registration, shall be entered as member in its register of members; (ii) every other person who agrees in writing to become a member of the company and whose name is entered in the register of members of the company; (iii) every person holding shares of the company and whose name is entered as a beneficial owner in the records of a depository. Interpretation. 60. endstream 3. endstream . }����W H�P Registrar of Companies … 2012] Companies CAP. Refer rule 3 of the Companies (Authorised to Registered) Rules, 2014. This section prohibits a company from making a donation or incurring political expenditure unless the transaction or the expenditure is authorised by a resolution of the Short title and commencement. �0E�C�-D�A�#0W���h���V4Ԇa'�\�?��g���*�'pp�Y�Ku�>A�O�;qvg_^0�A� φ#�ј�:EVa�A߸p_\���d��g�l�u@�F���`�`��p�}�� ��o��ac=f->kt ��B&C�d8�. SECTION 326. F. No. (c) In case of an application by a society for registration as a company limited by guarantee under section 8: (i) a list showing the names, addresses and occupations of all persons, who on a day, not being more than six clear days before the day of seeking registration, were members of the society with proof of membership; (ii) a list showing the particulars of persons proposed as the first directors of the company, alongwith DIN, passport number, if any, with expiry date, residential addresses and their interests in other firms or bodies corporate along with their consent to act as directors of the company; (iii) a list containing the names and addresses of the members of the governing body of the society; (iv) a certified copy of the certificate of registration of the society; (vi) written consent from the majority of members whether present in person or by proxy at a general meeting agreeing for such registration, and the resolution shall also   provide for declaration of the amount of guarantee; (vii) an undertaking that the proposed directors shall comply with the requirements of Indian Stamp Act, 1899 (2 of “1899) as applicable; (viii)  a copy of latest income tax return of the society; (ix) details of the objects of the company alongwith a declaration from all the members that the restrictions and prohibitions as mentioned in clause (b) and clause (c) of sub-section (1) of section 8 of the Act shall be complied. CHAPTER 366 _____ EMPLOYMENT AND LABOUR RELATIONS ACT [PRINCIPAL LEGISLATION] ARRANGEMENT OF SECTIONS Section Title PART I PRELIMINARY PROVISIONS 1. SECTION 366 OF THE COMPANIES ACT, 2016 ("PROPOSED INTERNAL REORGANISATION") TENAGA NASIONAL BHD Type Announcement Subject OTHERS Description TENAGA NASIONAL BERHAD ("TNB" OR "COMPANY") PROPOSED INTERNAL REORGANISATION BY WAY OF A MEMBERS' SCHEME OF ARRANGEMENT UNDER SECTION 366 OF THE COMPANIES ACT, 2016 ("PROPOSED INTERNAL REORGANISATION") We refer to the Company… While we try to keep the legislation accurate and up to date, we give no warranty as to the accuracy or currency of the legislation.