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Summary of Sections and Schedules

The Companies Act, 1956 was made effective w.e.f. 1st April 1956 vide notification dated 8th March, 1956. This Act contained 658 Sections and 15 Schedules. On the other hand, the Companies Act, 2013 contains 470 Sections and 7 Schedules. With a view to getting general idea of this enactment, all the 470 Sections covered under 29 Chapters and all the 7 Schedules have been enumerated hereunder:-

CHAPTERS SECTIONS
Chapter I Preliminary (Sections 1 & 2)
Chapter II Incorporation of Company and Matters incidental thereto (Sections 3 & 22)
Chapter III Prospectus and Allotment of Securities (Sections 23 to 42)
Chapter IV Share Capital and Debentures ( Sections 43 to 72 )
Chapter V Acceptance of Deposits by Companies (Sections 73 to 76 )
Chapter VI Registration of Charges ( Sections 77 to 87 )
Chapter VII Management and Administration (Sections 88 to 122)
Chapter VIII Declaration and Payment of Dividend ( Sections 123 to 127)
Chapter IX Accounts of Companies (Sections 128 to 138)
Chapter X Audit and Auditors ( Sections 139 to 148 )
Chapter XI Appointment and Qualification of Directors (Sections 149 to172)
Chapter XII Meeting of Board and its Powers ( Sections 173 to 195 )
Chapter XIII Appointment and Remuneration of Managerial Personnel (Sections 196 to 205)
Chapter XIV Inspection, Inquiry and Investigation (Section 206 to 229)
Chapter XV Compromises, Arrangements and Amalgamations (Sections 230 to 240)
Chapter XVI Prevention of Oppression and Mismanagement (Section 241 to 246)
Chapter XVII Registered Valuers (Section 247)
Chapter XVIII Removal of Names of Companies from the Register of Companies (Sections 248 to 252)
Chapter XIX Revival and Rehabilitation of Sick Companies ( Sections 253 to 269)
Chapter XX Winding Up (Sections 270 to 365)
Chapter XXI Companies Authorized to Register under the Companies Act, 2013 and Winding up of Unregistered Companies (Sections 366 to 378)
Chapter XXII Companies Incorporated outside India (Sections 379 to 393)
Chapter XXIII Government Companies (Sections 394 to 395)
Chapter XXIV Registration Offices and Fees (Sections 396 to 404)
Chapter XXV Companies to furnish Information and Statistics (Section 405)
Chapter XXVI NIDHIS (Section 406)
Chapter XXVII National Company Law Tribunal and Appellate Tribunal (Sections 407 to 434)
Chapter XXVIII Special Courts (Section 435 to 446)
Chapter XXIX Miscellaneous (Sections 447 to 470)
SCHEDULES CONTENTS
Schedule I
Table A Memorandum of Association of a Company Limited by Shares
Table B Memorandum of Association of a Company Limited by Guarantee and not having a Share Capital
Table C Memorandum of Association of a company Limited by Guarantee and having a Share Capital
Table D Memorandum of Association of an Unlimited Company and not having Share Capital
Table E Memorandum of Association of an Unlimited Company and having Share Capital
Table F Articles of Association of a Company Limited by Shares
Table G Articles of Association of a Company Limited by Guarantee and having a Share Capital
Table H Articles of Association of a Company Limited by Guarantee and not having a Share Capital
Schedule II Useful lives to compute depreciation
(Section 123)
Schedule III General Instructions for Preparation of Balance Sheet and Statement of Profit and Loss Account of a Company
(Section 129)
Schedule IV Code for Independent Directors
(Section 149)
Schedule V Conditions to be fulfilled for the appointment of a Managing or Whole Time Director or a Manager without the approval of the Central Government
(Sections 196 & 197)
Schedule VI Infrastructural Projects or Infrastructural facilities
(Sections 55 & 186)
Schedule VII Activities which may be included by companies in their Corporate Social Responsibility policies
(Section 135)

 

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