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 memberís 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 auditorís report be furnished to person entitled to it, if company refuses

225(3)

Ordering that auditorsí 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 directorís 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 Directorsí 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]