Powers of Company Law Board transferred to Central Government
Section Number |
Description |
17(2) |
Approving shifting of registered office from one State to another |
18(4) |
Extending time for filing document with ROC in respect of alteration of memorandum |
19(2) |
Revival of order of Central Government in respect of shifting of registered office from one State to another, if documents not filed with ROC within prescribed time |
43 |
Condonation for non-inclusion of restrictive clauses in Articles of a private company, as required under section 3(1)(iii). |
49(10) |
Directing inspection of Register of Investments, if refused by the company |
79(1)/(3) |
Permission to issue shares at discount. However, in case of sick industrial company under revival, permission will be granted by Tribunal. |
113 |
Extending time to issue share certificates or debentures and directing company to make good the default [In case of listed company, the powers are with SEBI, as per section 55A] |
117B(4) |
Petition by Debenture Trustee to impose restrictions on company on incurring further liabilities. However, in case of sick industrial company under revival, petition will be made to Tribunal. |
118(3) |
Directing company to send copy of debenture trust deed to debenture-holder or member of company if he is entitled, to the copy [In case of listed company, power may be exercised by SEBI as per section 55A] |
141 |
Rectification of Registration of Charges, if there was delay in filing charge/modification/satisfaction of charge |
144(4) |
Order to compel company to allow inspection of register of charges to a person who is entitled to it, if company refuses |
163(6) |
Order to compel company to allow inspection of register of members and debenture-holders and give copies, their indexes and copies of annual returns, to a person who is entitled to it, if company refuses |
167 |
Power to call Annual General Meeting, if default is made in holding AGM. In case of sick company under revival, the power will be exercised by Tribunal. [In case of meeting other than general meeting, the power is only with Tribunal under section 186]. |
188(5) |
Ordering that member’s resolution may not be circulated, if the rights are abused to secure needless publicity for defamatory matter |
196(4) |
Compelling inspection of minute book of general meeting and give copies to person who is entitled to it, if company refuses |
219(4) |
Directing that copy of balance sheet and auditor’s report be furnished to person entitled to it, if company refuses |
225(3) |
Ordering that auditors’ representation may not be circulated and need not be read at the general meeting, if the rights are abused to secure needless publicity for defamatory matter |
284(4) |
Ordering that director’s representation may not be circulated, if the rights are abused to secure needless publicity for defamatory matter |
304(2)(b) |
Compelling inspection of Register of Directors to persons entitled, if company refuses [Powers concurrently with Tribunal] |
307(9) |
Compelling inspection of Register of Directors’ Shareholding to persons entitled, if company refuses [Powers concurrently with Tribunal] |
621A |
Composition of Offences |
637A |
Power to impose conditions and levy fees while according approval, etc. |
643 |
Power to make rules in respect of winding up [Powers transferred from Supreme Court] |