Amended and updated notes on section 201 of Companies Act 2013. Detail discussion on provisions and rules related to forms of, and procedure in relation to, certain applications.
Chapter XIII (Sections 196–205) of the Companies Act, 2013 (CA 2013) deals with the provisions related to appointment and remuneration of managerial personal. Section 201 of CA 2013 provides for forms of, and procedure in relation to, certain applications.
Recently, we have discussed in detail section 200 (Central Government or company to fix limit with regard to remuneration) of CA 2013. Today, we learn the provisions of section 201 of Companies Act 2013.
The provisions of section 201 are effective from 1-April-2014. You may refer Notification No. S.O. 902(E) issued dated 27-03-2014. In this article, you will learn detail of the provisions of section 201 of the Companies Act 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XIII |
| Chapter Name | Appointment and Remuneration of Managerial Personal |
| Section No. | 201 |
| Section Name | Forms of, and procedure in relation to, certain applications |
| Monthly Updated Edition | Company Law PDF |
Section 201 of Companies Act 2013: Forms of, and procedure in relation to, certain applications
Section 201 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.
(1) Every application made to the Central Government under section 196 shall be in such form as may be prescribed.
(2) (a) Before any application is made by a company to the Central Government under section 196, there shall be issued by or on behalf of the company a general notice to the members thereof, indicating the nature of the application proposed to be made.
(b) Such notice shall be published at least once in a newspaper in the principal language of the district in which the registered office of the company is situate and circulating in that district, and at least once in English in an English newspaper circulating in that district.
(c) The copies of the notices, together with a certificate by the company as to the due publication thereof, shall be attached to the application.