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List of Important Section numbers for CA Inter LAW (ICAI New syllabus)

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Preeti Aggarwal

On April 7, 2024

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A Message from CA Preeti Aggarwal

Dear Students,

Mastering the key section numbers within various statutes is indispensable for success. This blog will serve as your go-to resource, providing clarity and insight into the most crucial and important section numbers from your CA Inter Corporate and other laws (ICAI’s new syllabus)

CORPORATE LAW

(My Pro Study tip: Start revising the chapters in the reverse order)

I) Companies Incorporated outside India

Section number	Section name
380	Documents, etc., to be delivered to Registrar by foreign companies
381	Accounts of foreign companies
382	Display of name, etc., of foreign companies
383	Service on foreign company
384	Debentures, annual return, registration of charges, books of accounts and their inspection
389	Registration of prospectus

II) Audit and Auditors

Section number	Section name
139	Appointment of Auditors
140	Removal, resignation of auditor and giving of special notice
141	Eligibility, qualifications and disqualifications of auditors
142	Remuneration of auditors
143	Powers and duties of auditors and auditing standards
144	Auditor not to render certain services
145	Auditor to sign audit reports, etc.
146	Auditors to attend general meeting
147	Punishment for contravention

III) Accounts of Companies

Section number	Section name
128	Books of account, etc., to be kept by company
130	Re-opening of accounts on court’s or Tribunal’s orders
132	Constitution of National Financial Reporting Authority
134	Financial statement, Board’s report, etc.
135	Corporate Social Responsibility
136	Right of member to copies of audited financial statement
137	Copy of financial statement to be filed with Registrar
138	Internal audit
Rule 3	Manner of books of accounts to be kept in electronic mode
Rule 13	Companies required to appoint internal auditor

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IV) Declaration and Payment of Dividend

Section number	Section name
123	Declaration of dividend
124	Unpaid Dividend Account
125	Investor Education and Protection Fund
127	Punishment for failure to distribute dividends

V) Management and Administration

Section number	Section name
94	Place of keeping and inspection of registers, returns, etc.
96	Annual general meeting
101	Notice of meeting
102	Statement to be annexed to notice
103	Quorum for meetings
104	Chairman of meetings
105	Proxies
109	Demand for poll
115	Resolutions requiring special notice
118	Minutes of proceedings of general meeting, meeting of Board of Directors and other meeting and resolutions passed by postal ballot
119	Inspection of minute-books of general meeting

VI) Registration of charges

Section number	Section name
77	Duty to register charges (ie registration of charge by Company)
78	Application for registration of charge by charge-holder
80	Registration of Charge to act as Constructive Notice
82	Satisfaction of charges
83	Power of registrar to make entries of satisfaction and release in absence of intimation from company
87	Rectification by Central Government in register of charges

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VII) Acceptance of Deposits

Section number	Section name
Rule 2	Definition of Deposit and Categories of amounts not considered as deposit Definition of Eligible Company
73	Prohibition on acceptance of deposits from public
76	Acceptance of deposits from public by certain companies

VIII) Share capital and Debentures

Section number	Section name
52	Application of premiums received on issue of shares
54	Issue of sweat equity shares
55	Issue and redemption of preference shares
56	Transfer and transmission of securities
58	Refusal of registration and appeal against refusal
61	Power of limited company to alter its share capital
62	Further issue of share capital
63	Issue of bonus shares
66	Reduction of share capital
67	Restrictions on purchase by company or giving of loans by it for purchase of its shares
68	Power of company to purchase its own securities
70	Prohibition for buy-back in certain circumstances
71	Debentures

IX) Prospectus and Allotment of Securities

Section number	Section Name
26	Matters to be stated in the prospectus
31	Shelf prospectus
32	Red herring prospectus
34	Criminal liability for misstatements in prospectus
35	Civil liability for misstatements in prospectus
36	Punishment for fraudulently inducing persons to invest money
37	Action by affected persons
38	Punishment for personation for acquisition, etc., of securities
39	Allotment of securities by company
40	Securities to be dealt with in stock exchanges
42	Offer or invitation for subscription of securities on private placement
	Irregular Allotment

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X) Incorporation of a Company

Section number	Section name
5	Entrenchment of Articles
12	Change from one city, town, or village to another within the jurisdiction of the same RoC within the same State
13	Change of Registered office from one State to another
16	Rectification of name of company
19	Subsidiary company cannot become a member of a holding company
20	Service of documents
22	Execution of Bills of exchange, etc

XI) Preliminary

Section number	Section Name
2 (6)	Associate Company
2 (42)	Foreign Company
2 (45)	Government Company
2 (46)	Holding Company
2 (52)	Listed Company
2 (68)	Private Company
2 (71)	Public Company
2 (85)	Small Company
2 (87)	Subsidiary Company
8	Formation of companies with charitable objects, etc.
	One Person Company

I) Limited Liability Partnership

Section number	Section name
2(m)	Foreign LLP
(ta)	Small LLP
5	Partners
7	Designated partners
11	Incorporation document
12	Incorporation by registration
16	Reservation of name
17	Change of name of limited liability partnership
30	Unlimited liability in case of fraud
31	Whistle blowing
64	Circumstances in which limited liability partnership may be wound up by Tribunal

OTHER LAWS

I) The Foreign Exchange Management Act, 1999

Section number	Section name
2(u)	Person
5	Current account transactions
6	Capital account transactions

II) The General Clauses Act, 1897

Section number	Section name
3(21)	Financial year
3(22)	Good Faith
3(26)	Immovable Property
5	Coming into operation of enactment
6	Effect of Repeal
9	Commencement and termination of time
10	Computation of time
13	Gender and number
26	Provision as to offence punishable under two or more enactments
27	Meaning of Service by post

https://youtu.be/PfO7o_iIpmw?list=PL0sBEDN99Ti53fXYl5hcZ2otZUurxMuQy

III) Interpretation of Statutes

Sr. no	Concept
1	Heydon’s case
2	Grammatical and logical interpretation
3	Proviso and explanation
4	Means and includes
5	Preamble
6	Dictionary definitions
7	Foreign decisions
8	External aids to construction