WHY OUR COURSE!

1) 1) Save Videos offline

2) 2) Downloadable & printable PDFs
3) 3) Sectional Tests &
Comprehensive Mocks with All
India Ranking System
4) 4) We Check Your English Papers.
English is the most scoring in
Phase 2.
5)

INTRODUCTION TO
COMPANIES ACT
WWW.ANUJJINDAL.IN

INTRODUCTION TO COMPANIES ACT WWW.ANUJJINDAL.IN SUCCESSRBI@ANUJJINDAL.IN

 Table of Contents
Associate Company ....................................................................................................... 2
CSR (Corporate Social Responsibility) .......................................................................... 2
One Person Company: ...................................................................................................... 2
Small Company:................................................................................................................ 3
Women Director ............................................................................................................... 3
No of Directors in Companies: ........................................................................................... 3

Companies Act 2013

Associate Company
• Companies Act 2013 Act defines the term ‘associate company’, amongst other
matters, based on control of at least 20 % of total share capital.
• The 2017 Amendment Act states that ‘significant influence’ would mean control
of at least 20 % of the total voting power (instead of 20 % of share capital) or
control or participation in business decision under an agreement.

CSR (Corporate Social Responsibility)

• Companies Act 2013, amongst other matters, requires that every company with
a:
✓ net worth of INR500 crore or more,
✓ turnover of INR1,000 crore or more or
✓ a net profit of INR5 crore or more
during any financial year will constitute a CSR committee. The said committee will
consist of three or more directors, out of which at least one director should be an
Independent Director.

One Person Company:

✓ Promoter shall be a natural person,
✓ Indian citizen and resident in India (182 days during previous year).
✓ Has to appoint a nominee with his consent and he shall be natural person,

INTRODUCTION TO COMPANIES ACT WWW.ANUJJINDAL.IN SUCCESSRBI@ANUJJINDAL.IN

 ✓ Indian citizen and resident in India and in any event of death etc of the member,
nominee becomes member.
✓ No person shall incorporate more than one OPC.
✓ Vacancy in nominee to be filled up in 15 days.
✓ OPC to convert into Private Company when paid capital up exceeds Rs. 50 lakhs or
Annual average turnover of 3 immediately preceding years exceeds Rs. 2 crores.
✓ OPC cannot be a Section 8 Company (section 25 of CA 1956).

Small Company:

“Small Company” means a company other than a Public Company –

▪ With paid-up capital not exceeding Rs.50 lakh or such a higher amount as may be
prescribed but not exceeding Rs.10 crores and
▪ Turnover of which does not exceed Rs. 2 crore or such a higher amount as may be
prescribed, not exceeding Rs.100 crore rupees, as per last profit and loss account.
▪ This is not applicable to the following: - A holding company or a subsidiary company
- A company registered under section 8 - A company or body corporate governed by
any special Act

Women Director

Every Public Company and any other listed companies having a paid up share capital of 100
Crores or more and Turnover of Rs 300 crore or more is mandatorily required to appoint a
woman director.

No of Directors in Companies:

Public Company- Minimum-3

Maximum-15

Private Company- Minimum-2

Maximum- 15

One Person Company- Minimum-1 Director.

Maximum-15 Directors.

INTRODUCTION TO COMPANIES ACT WWW.ANUJJINDAL.IN SUCCESSRBI@ANUJJINDAL.IN

INTRODUCTION TO COMPANIES ACT WWW.ANUJJINDAL.IN SUCCESSRBI@ANUJJINDAL.IN
INTRODUCTION TO COMPANIES ACT WWW.ANUJJINDAL.IN SUCCESSRBI@ANUJJINDAL.IN