Indian Bare Acts

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The Companies Act,1956

Title : The Companies Act,1956

Year : 1956



A document may be served on a company or an officer thereof by sending it to the company or officer at the registered office of the company by post under a certificate of posting or by registered post, or by leaving it at its registered office:

1*[Provided that where the securities are held in a depository. The records of the beneficial ownership may be served by such depository on the company by means of electronic mode or by delivery of floppies or discs.]

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1. Inserted by Act 22 of 1996, Section 30 and Schedule (w.r.e.f. 20-9-1995).

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A document may be served on a Registrar by sending it to him at his office by post under a certificate of posting or by registered post, or by delivering it to, or leaving it for, him at his office.
 


(1) A document may be served by a company on any member thereof either personally, or by sending it by post to him to his registered address, or if he has no registered address in India, to the address, if any, within India supplied by him to the company for the giving of notices to him.

(2) Where a document is sent by post, -

(a) Service thereof shall be deemed to be effected by properly addressing, prepaying and posting a letter containing the document, provided that where a member has intimated to the company in advance that documents should be sent to him under a certificate of posting or by registered post with or without acknowledgment due and has deposited with the company a sum sufficient to defray the expenses of doing so, service of the document shall not be deemed to be effected unless it is sent in the manner intimated by the member; and

(b) 1 [***] such service shall be deemed to have been effected -

(i) In the case of a notice of a meeting, at the expiration of forty-eight hours after the letter containing the same is posted, and

(ii) In any other case, at the time at which the letter would be delivered in the ordinary course of post.

(3) A document advertised in a newspaper circulating in the neighbourhood of the registered office of the company shall be deemed to be duly served on the day on which the advertisement appears, on every member of the company who has no registered address in India and has not supplied to the company an address within India for the giving of notices to him,

(4) A document may be served by the company on the joint-holders of a share by serving it on the joint-holder named first in the register in respect of the share.

(5) A document may be served by the company on the persons entitled to a share in consequence of the death or insolvency of a member by sending it through the post in a prepaid letter addressed to them by name or by the title of representatives of the deceased, or assignees of the insolvent, or by any like description, at the address, if any, in India supplied for the purpose by the persons claiming to be so entitled, or until such an address has been so supplied, by serving the document in any manner in which it might have been served if the death or insolvency had not occurred.

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1. The words "unless the contrary is proved," omitted by Act 65 of 1960, Section 16 (w.e.f. 28-12-1960).

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Save as otherwise expressly provided in this Act, a document or proceeding requiring authentication by a company may be signed by a director,1[***] the manager, the secretary or other authorised officer of the company, and need not be under its common seal.

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1. The words "the managing agent, the secretaries and treasurers" omitted by Act 53 of 2000, Section 15 (w.e.f. 13-12-2000).

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A prospectus issued by or on behalf of a company or in relation to an intended company shall be dated, and that date shall, unless the contrary is proved, be taken as the date of publication of the prospectus.

55A -1* Powers of Securities and Exchange Board of India

The provisions contained in sections 55 to 58, 59 to 84, 108, 109, 110, 112, 113, 116, 117, 118, 119, 120, 121, 122, 206, 206A and 207, so far as they relate to issue and transfer of securities and non-payment of dividend shall,-

(a) In case of listed public companies;

(b) In case of those public companies which intend to get their securities listed on any recognized stock exchange in India,
be administered by the Securities and Exchange Board of India; and

(c) In any other case, be administered by the Central Government.

Explanation.- For removal of doubts, it is hereby declared that all powers relating to all other matters including the matters relating to prospectus, statement in lieu of prospectus, return of allotment, issue of shares and redemption of irredeemable preference shares shall be exercised by the Central Government,2*[Tribunal] or the Registrar of Companies, as the case may be.]

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1. Inserted by Act 53 of 2000, Section 16 (w.e.f. 13-12-2000).

2. Substituted by Act 11 of 2003, Section 9, for "Company Law Board".

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Last updated on September, 2016

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