Salient features of companies amendment act 2002 pdf

Inserted by the companies second amendment act, 2002 w. The main purpose of classification of companies is to maintain the. In the section on corporate social responsibility section5, which is being introduced as a statutory provision for the first time, the words make every endeavour to. Prevention of money laundering act, 2002 wikipedia. The salient features of competition act 2002 answers.

Accordingly the people of india solemnly resolved that india is a democratic country. It replaced the archaic the monopolies and restrictive trade practices act, 1969. Under the provisions of the act, bureau of energy efficiency has been established with effect from 1 st march, 2002 by merging the erstwhile energy management centre, a society under the. What are the salient features of consumer protection act.

Salient features of the private security industry regulation amendment bill. Aug 02, 2016 salient features of the child labour prohibition and regulation act, 1986. We provide services in cyber crime investigation,ethical hacking,hacking coarse, consultation,online security, it laws, case studies, cyber safety tips, and articles, hacking tips and tricks,hacking tutorials,submit your complaint,complaint,cyber crime complaint, salient features of the information technology amendment act, 2008. The salient features of the companies bill 2011 are as follows. Such agreements namely tie in arrangements, exclusive. The prevention of money laundering act, 2002 pmla forms the core of the legal framework put in place by india to combat money laundering. Any written agreement between the partners of the llp or between the llp and its partners which determines the mutual rights and duties of the partners and their rights and duties in relation to that llp. The act is of special significance to the smooth functioning of indian democracy, as it checks the entry of persons with criminal background into the representative bodies. Companies amendment act, 2019 salient features soolegal. The object of the amendment act was to inject an element of public interest in the working of the corporate sectorand to achieve the socio economic goals set before the country, which will be conducive to greater productivity. The second amendment to the 1970 act was made through the patents amendment act, 2002 act 38 0f 2002.

Companies ist amendment act 2015 companies 2nd amendment act 2017. Section 12 of the companies act is amended by inserting, immediately after subsection 2a, the following subsection. The companies amendment act, 2017 which was passed by. Some of these state level enactments have been widely used. Essay on the salient features of the information technology act, 2000. Salient features of the new companies bill passed by parliament. This amendment act added a new chapter, namely chapter ixa to the act. The companies act 20 is an act of the parliament of india on indian company law which. Sep 21, 2016 another amendment was introduced which was passed and became the 73 rd amendment act which was brought into force by a notification with effect from april 24, 1993.

This act was published in the gazette of india, on friday, march 26, 1999. The competition act, 2002 objective of the competition act, 2002 an act, keeping in view of the economic development of the country, was laid down to provide for an establishment of a commission with the following object. A thorough study of various provisions of the companies act is a must for becoming a competent and efficient company secretary. Salient features of the new companies bill passed by. The provisions of companies second amendment act, 2002 are yet to be enforced except that of definitions and the constitution of nclt national company law tribunal. Pmla prevention of money laundering act 2002 and amendment. The pemra ordinance 2002 as amended uptodate by the pemra amendment act, 2007 is published on this website for information purpose only and does not constitute a legal opinion or give rise to any liability on part of pemra. Representation of peoples act 1951 was amended many times, the major amendment being made in 1966.

Ten salient features of the insolvency and bankruptcy amendment ordinance, 2018. The companies amendment act, 2015 the companies amendment bill, 2017 the insolvency and bankruptcy code, 2016 ibc objectives of the ibc, 2016 salient features of the ibc, 2016 overriding effect of the ibc, 2016 over other laws amendments made to companies act, 20 through ibc, 2016 table showing the amendments made to companies act, 20. Features of competition act, 2002 the focus of the new law is towards the following areas affecting competition namely. Salient features of the private security industry regulation.

The prevention of moneylaundering act 2002 book pdf. The companies amendment act, 2002 no 1 of 2003 31st. Sep 11, 2019 this topic is part of the salient features of representation of peoples act of general studies paper which is important for both prelims and mains point of view. Salient features of amendment act of 1974 some of the salient features of the new companies amendment act of. People are the supreme power in the democratic country. A major round of amendments followed in the year 2012. After section 10f of the principal act, the following section shall be inserted, namely.

Short title and commencement 1 this act may be called the companies amendment act, 2002. The pemra ordinance 2002 as amended uptodate by the. Patents amendment act, 2003 2nd amendment effective from 2052003 salient features of the patents amendment act, 2002 i. Companies act 20 amendments as per ordinance passed by the president of india on 2nd nov 2018, there were some amendments made to the companies act 20. Salient features of the representation of peoples act clear ias. The biological diversity act, 2002 is an act of the parliament of india for preservation of biological diversity in india, and provides mechanism for equitable sharing of benefits arising out of the use of traditional biological resources and knowledge.

The securitisation and reconstruction of financial assets and enforcement of security interest act, 2002 also known as the sarfaesi act is an indian law. Securities and exchange board of india establishment and incorporation of board. The supreme court has struck down a rbis circular dated april 6, 2018 which directed banks and entities. Prevention of money laundering act, 2002 is an act of the parliament of india enacted by the nda government to prevent moneylaundering and to provide for confiscation of property derived from moneylaundering. The competition act, 2002 was enacted by the parliament of india and governs indian competition law. It amends the laws related to the indian companies.

Pmla defines money laundering offence and provides for the freezing, seizure and confiscation of the proceeds of crime. Prohibition of certain agreements, which are considered to be anticompetitive in nature. Act, requires all companies to file a statement containing salient features of. This alert summarizes the salient features of the companies amendment act, 2017. The enforcement of security interest and recovery of debts laws amendment bill, 2011, amends two acts sarfaesi act 2002, and recovery of debts due to banks and financial institutions act, 1993 drt act. After including the amendments made vide the consumer protection amendment act, 2002 62 of 2002 which was passed by rajya sabha on 11. The following act of parliament received the assent of the president on the 5th january, 20 and is hereby published for general information. The rules under the amended act have also been framed, which became effective from. Act with some major objectives to deliver and facilitate lawful electronic, digital, and online transactions, and mitigate cybercrimes. It introduced some changes to the companies act 20. Prevention of money laundering act, 2002 whistle blowers protection act, 2011. The pemra ordinance 2002 as amended uptodate by the pemraamendment act, 2007 is published on this website for information purpose only and does not constitute a legal opinion or give rise to any liability on part of pemra.

Salient features of the information technology act, 2000. Pmla and the rules notified there under came into force with effect from july 1, 2005. In section 226 of the principal act, in sub section 3, for clauses e and f, the following clause shall be substituted, namely. Salient features of the information technology amendment. Companies amendment act 2002 singapore statutes online. It is not necessary to enter into an llp agreement as per llp act,2008. The main features of the amendments are as follows. In the light of this, the study material has been published to impart. The companies second amendment act, 2002 indian kanoon.

The companies amendment act 2005 has reformed the law on capital maintenance substantially. The key features of the companies act, 20 are as follows. Mar 26, 2018 the companies act 20 is an act of the parliament of india which got the approval of the president on 29th august, 20. Salient features of amendment of the bca20 in comparison with bca1991 9 sept 20. The child labour prohibition and regulation act, 1986 was the culmination of effort and ideas that emerged from the deliberations and recommendations of various committees on child labour. The securities and exchange board of india act, 1992 no. The companies amendment act, 2002 and companies second amendment act, 2002 salient features. After including the amendments made vide the consumer. After this amendment, the private players functioning in the market were no longer required to take special approvals or permission from the government before carrying out any corporate reconstruction.

The information technology act, 2000, came into force with effect from 17th october, 2000. According to the latest figures, there are over 1,78 million private security officers registered in south africa. Under this legislation, the competition commission of india was established to prevent the activities that have an adverse effect on competition in india. This act makes the details of the transfer of power to the panchayat a part of the most basic document of this nation. Article 324 to 329 of part xv of the constitution deals with the electoral system in our country. Here in the article, we have discussed important features of rpa 1950 and 1951 along with the important amendments made so far. It allows banks and other financial institution to auction residential or commercial properties to recover loans. Download pdf of energy conservation amendment bill2010. The leasing of homes is governed by the rent control act, with each state having its own version of the act. Companies ist amendment act 2015 companies 2nd amendment act. Keeping in view the establishment of commercial court and the provisions thereof, civil procedure code amendment act, 2016 was enacted. In force prevention of money laundering act, 2002 is an act of the parliament of india enacted by the nda government to prevent moneylaundering and to provide for confiscation of property derived from moneylaundering.

Companies act 20 salient features of the indian companies. Salient features of the new companies bill passed by parliament all india indoasian news service updated. Act 2000 and since replaced by electronic signatures in the information technology act amendment 2008 have been spelt out. This alert summarizes the salient features of the companies amendment act, 2017 amendment act. The prevention of money laundering amendment act, 2005, the prevention of money laundering amendment act, 2009 status. In this article we have provided all the reference books, authors and topics and contents about the book the prevention of moneylaundering act 2002. Reregistration and registration of unregistered jointstock companies. Sabelo gumedze, senior researcher, conflict management and peacebuilding division, iss pretoria. Features of the amendment to the sarfaesi act in 2016 government has amended the sarfaesi act in august 2016 to empower the arcs asset reconstruction companies, to rejuvenate debt recovery tribunals drts and to enhance the effectiveness of asset reconstruction under the. Be it enacted by parliament in the fifty third year of the republic of india as follows. As we know that the india is a largest democracy in the world. Background in march 2016, the government of india goi introduced companies amendment bill, 2016 in the lok sabha to amend companies act, 20, 20 act, on the basis of recommendations of the report submitted by the companies. The patents amendment act 1999 was passed in march 1999 to confirm with these international obligations and has retrospective effect from 1st january 1995.

Constitution allows parliament to make provisions in all matters relating to elections to the parliament and state legislatures. Introduction with the development of civilization, act of negligence have become actionable wrong. The 20 act gives cognisance to one of the amendments made in the listing. Salient features of the information technology act, 2000 essay. Another amendment was introduced which was passed and became the 73 rd amendment act which was brought into force by a notification with effect from april 24, 1993. Salient features of the representation of peoples act. Icsi house, 22, institutional area, lodi road, new delhi 110 003. The corrupt practices and other offences related to elections.

Trips agreement and amendment of patents act in india. What are the salient features of companies act, 20. This act came into force on 20 th may 2003 with the introduction of the new patent rules, 2003 by replacing the earlier patents rules, 1972. The concept of dormant companies introduced companies not engaged in business for. Term of every patent got extended to 20 years from date of filing. Understanding the child labour prohibition and regulation. When a landlord lets out his home on rent, or when a tenant occupies a rental home, such activities fall under the ambit of the rent control act. It has been amended in 2008 and the amended act is effective from february 5, 2009. The main purpose of the amendment to the code was ensure speedy disposal of civil cases governed under the act civil procedure code amendment act 2015. As discussed in the first chapter, the government of india enacted the information technology i. Nov 19, 2016 the securitisation and reconstruction of financial assets and enforcement of security interest act, 2002 also known as the sarfaesi act is an indian law.

Company law makes rules for ensuring the responsibilities of directors. The pemra ordinance 2002 as amended uptodate by the pemra. The companies amendment bill 2019 was passed by the lok sabha recently. The code of civil procedure was substantially amended in the year 2002. Indian company law regulates the corporations formed under the section 220 indian. Incidentally, as a part of updation, a detailed presentation was made on the salient features of the companies amendment act, 2017 and on key changes in listing regulations pursuant to the recommendations made by the kotak committee and periodical changes therein are provided to the board continuously. Qualification and grounds for disqualification of the members of both the houses of parliament and the state legislature. Salient features of the representation of peoples act 1951. The provisions of the act are being brought into force w. Goods are manufactured by the manufacturer and consumer buys them from manufacturer or seller. Companies in india are regulated through the companies act, 1956 repealed law. In the recent amendment, the mca has also notified changes in section 4 of the. The companies amendment act, 2002 no 1 of 2003 31st december 2002 an act, further to amend the companies act, 1956 be it enacted by parliament in the fiftythird year of the republic of india as follows. It has, inter alia, enabled a company that satisfies the requisite solvency tests to reduce capital.

The companies act, 1956 was also amended by enactment of depositories act, 1996. The much awaited the companies amendment bill, 2019 was passed by the parliament recently with the objective to augment more. Pdf trips agreement and amendment of patents act in india. Salient features of draft changes in code of corporate. We examine the main features of the act and how it protects landlords and tenants interests. Evolution of corporate social responsibility in india. Prevention of money laundering act, 2002 whistle blowers protection act.