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Definitions

2(1)

Abridged Prospectus
“abridged prospectus” means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by ...

2(2)

Accounting Standards
“accounting standards” means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

2(3)

Alter or Alteration
“alter” or “alteration” includes the making of additions, omissions and substitutions;

2(4)

Appellate Tribunal
“Appellate Tribunal” means the National Company Law Appellate Tribunal constituted under section 410;

2(5)

Articles
“articles” means the articles of association of a company as originally framed or as altered from time to time or applied in pursuance of any previous...

2(6)

Associate Company
“associate company”, in relation to another company, means a company in which that other company has a significant influence, but which is not a subsi...

2(7)

Auditing Standards
“auditing standards” means the standards of auditing or any addendum thereto for companies or class of companies referred to in sub-section (10) of se...

2(8)

Authorised Capital
“authorised capital” or “nominal capital” means such capital as is authorized by the memorandum of a company to be the maximum amount of share capital...

2(9)

Banking Company
“banking company” means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949;

2(10)

Board of Directors or Board
“Board of Directors” or “Board”, in relation to a company, means the collective body of the directors of the company;

2(11)

Body Corporate or Corporation
“body corporate” or “corporation” includes a company incorporated outside India, but does not include—i.a co-operative society registered under any la...

2(12)

Book and Paper
"book and paper” and “book or paper” include books of account, deeds, vouchers, writings, documents, minutes and registers maintained on paper or in e...

2(13)

Books of Account
“books of account” includes records maintained in respect of—i.all sums of money received and expended by a company and matters in relation to which t...

2(14)

Branch Office
“branch office”, in relation to a company, means any establishment described as such by the company;

2(15)

Called-up Capital”
“called-up capital” means such part of the capital, which has been called for payment;

2(16)

Charge
“charge” means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortga...

2(17)

Chartered Accountant
“chartered accountant” means a chartered accountant as defined in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 wh...

2(18)

Chief Executive Officer
“Chief Executive Officer” means an officer of a company, who has been designated as such by it;

2(19)

Chief Financial Officer
“Chief Financial Officer” means a person appointed as the Chief Financial Officer of a company;

2(20)

Company
“company” means a company incorporated under this Act or under any previous company law;

2(21)

Company Limited by Guarantee”
“company limited by guarantee” means a company having the liability of its members limited by the memorandum to such amount as the members may respect...

2(22)

Company Limited by Shares
“company limited by shares” means a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares ...

2(23)

Company Liquidator
“Company Liquidator”, in so far as it relates to the winding up of a company, means a person appointed by—a.the Tribunal in case of winding up by the ...

2(24)

Company Secretary
“company secretary” or “secretary” means a company secretary as defined in clause (c) of sub-section (1) of section 2 of the Company Secretaries Act, ...

2(25)

Company Secretary in Practice
“company secretary in practice” means a company secretary who is deemed to be in practice under sub-section (2) of section 2 of the Company Secretarie...

2(26)

Contributory
“contributory” means a person liable to contribute towards the assets of the company in the event of its being wound up.Explanation.—For the purposes ...

2(27)

Control
“control” shall include the right to appoint majority of the directors or to control the management or policy decisions exercisable by a person or per...

2(28)

Cost Accountant
“cost accountant” means a cost accountant as defined in clause (b) of subsection1) of section 2 of the Cost and Works Accountants Act, 1959;

2(29)

Court
“court” means—i.the High Court having jurisdiction in relation to the place at which the registered office of the company concerned is situate, except...

2(30)

Debenture
“debenture” includes debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the...

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