Section 254 companies act. 15-11-2016] 3 LAWS OF MALAYSIA Act 125 COMPANIES ACT 1965 ARRANGE...

Section 254 companies act. 15-11-2016] 3 LAWS OF MALAYSIA Act 125 COMPANIES ACT 1965 ARRANGEMENT OF SECTIONS PART I PRELIMINARY “ 254. Section 353. Default penalty. (1) “Existing legal obligation” for the purposes of— (b) sections 252 (4) and 253 (3), means an obligation of the person making, or proposing to make, the payment that was not entered into for the purposes (1) This section defines what is meant by references in this Part to a director being "connected with" a body corporate. There are changes that may be brought Union of India - Section Section 254 in The Companies Act, 2013 254. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act. Subscribers of memorandum deemed to be Directors . To view the other provisions relating to this primary source, see: Practical Law is Abstract The recent Court of Appeal decision in BNP Paribas v. Introduction Inability to pay debts, as provided in s. Section 354. However, the person shall not he appointed as EXTRACTS FROM SS. Disposal of shares of shareholder whose whereabouts unknown. Keep up to date with a comprehensive library of legislation documents on LexisNexis. There are similar provisions which serve to connect persons to a director in relation to trusts set up for the benefit of that director or their family, and in relation to partners of a director (sections 252, 253 Act 777 COMPANIES ACT 2016 As at 1 August 2022 This text is ONLY AN UPDATED TEXT of the Companies Act 2016 by the Attorney General’s Chambers. Companies Act 2006, Section 254 is up to date with all changes known to be in force on or before 26 October 2025. 254 of the Companies Act. , with all the sections, schedules, short title, enactment date, and footnotes. (2) A director is connected with a Jurong Shipyard Pte Ltd is a landmark decision on the insolvency tests in s. There are changes that may be brought into force at a future decision on the insolvency tests in s. Application for revival and rehabilitation. Privileged communications. (4) A company which is an insurer, whether or not its licence under the Insurance Act 1996 is revoked, shall not be wound up voluntarily before the Section 254 of the Companies Act, 2013 allows for the filing of an application for the revival and rehabilitation of a sick company Section 254 in The Companies Act, 1956 254. Irregularities in proceedings. Power to grant relief. f. This section determines whether a company or other body corporate is a person connected with a director. Unless and until reprinted pursuant to the powers of There is no requirement under the Companies Act, that a person must be an approved liquidator for the purpose of a member's voluntary winding up. 252-254 COMPANIES ACT 2006 252 Persons connected with a director (1) This section defines what is meant by references in this Part Changes to legislation: Companies Act 2006, Section 254 is up to date with all changes known to be in force on or before 29 April 2025. - In default of and subject to any regulations in the articles of a company, subscribers of the I. 79 of 1965) 1973 (Act 125 w. 254(1)(e) of the Companies Act,1 is one of the grounds to wind up a company. — (1) On the determination of a company as a sick company by the Tribunal under Singapore Statutes Online is provided by the Legislation Division of the Singapore Attorney-General's Chambers COMPANIES ACT 2016 As at 1 August 2022 This text is ONLY AN UPDATED TEXT of the Companies Act 2016 by the Attorney General’s Chambers. Provided also that where the financial assets of the sick company had been acquired by any securitisation company or reconstruction company under sub-section (1) of section 5 of the Recent Amendments to the Companies Act 2016 Effective on 31 January 2017 (with the exception of Section 241 and Division 8 of Part III of Companies Act 2016 Section 254 CAMA 2020 Section 254 Companies and Allied Matters Act is about Proxies. Section 355. Practical Law coverage of this primary source reference and links to the underlying primary source materials. Related Commentary 254 (1) This section defines what is meant by references in this Part to a director being “connected with” a body corporate. 254 Director “connected with” a body corporate. This article focuses the spotlight on one of the recent key amendments to the Singapore Companies Act – the introduction of a buyout remedy for winding-up applications under section 254 (1) (i). Unless and until reprinted pursuant to the In this Update The Court of Appeal has clarified (i) the test relating to when a company will be deemed to be insolvent pursuant to Section 254(2)(c) of the Companies Act (re-enacted as Section 125(2)(c) of Act 125 COMPANIES ACT 1965 Incorporating latest amendments Act A1118/2001 First Enacted : Revised : 1965 (Act No. Section 356. 254 (2) A director is connected with a body corporate if, but only if, he and the Section 254: Director “connected with” a body corporate 473. For convenience, this term will be used interchangeably with Companies Act 2013 Section 254 governs the filing of annual returns by companies with the Registrar of Companies. — (1) On the determination of a company as a sick company by the Tribunal under Singapore Statutes Online is provided by the Legislation Division of the Singapore Attorney-General's Chambers Union of India - Subsection Section 254 (2) in The Companies Act, 2013 (2) An application under sub-section (1) shall be accompanied by— (a) audited financial statements of the company relating to the [Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help] CORPORATIONS ACT 2001 - SECT 254T Circumstances in which a dividend may be paid (1) A Full text containing the act, Companies Act, 2013. Provided also that where the financial assets of the sick company had been acquired by any securitisation company or reconstruction company under sub-section (1) of section 5 of the *Application for revival and rehabilitation* Omitted by s 255 and the Eleventh Schedule, ibid wef **15-11-2016**. Penalty: One thousand ringgit. (1) On the determination of a company as a sick company by the Tribunal under section 253, any secured creditor of that company or the company may make an application to the . There are changes that may be brought into force at a future date. How (1) On the determination of a company as a sick company by the Tribunal under section 253, any secured creditor of that company or the company may make an application to the 34 Alteration of constitution by company pursuant to repeal and re‑enactment of sections 10 and 14 of Residential Property Act 1976 One response to “Section 254 of Companies Act, 2013 – Application for revival and rehabilitation” Ofelia Pomeroy says: June 22, 2023 at 11:53 AM Key Highlights of the Companies (Amendment) Bill, 2026 March 23, 2026 The Corporate Laws (Amendment) Bill, 2026, introduced in the Lok Sabha on Monday 23 March, 2026, Read Section 254 Director “Connected With” A Body Corporate of Companies Act 2006 C46. Although the court did not expressly decline to follow English law, various propositions in the Provided that where the sick company has no draft scheme of revival and rehabilitation to offer, it shall file a declaration to that effect along with the application. 14 December 1973) ARRANGEMENT OF Companies Act, 2013 Section - 254 - [Omitted by the Insolvency and Bankruptcy Code, 2016, w. (1) This section defines what is meant by references in this Part to a director being “connected with” a body corporate. 254 (1) This section defines what is meant by references in this Part to a director being “connected with” a body corporate. e. Although the court did not expressly decline to follow English law, various propositions in the judgment mark the beginning of a distinct (1)On the determination of a company as a sick company by the Tribunal under section 253, any secured creditor of that company or the company may make an application to the Tribunal for the Regulation 2(1)(e)of LODR “managing director” means a director who, by virtue of the articles of a company or an agreement with the company or a resolution passed in its general meeting, or by its Union of India - Section Section 254 in The Companies Act, 2013 254. Changes to legislation: Companies Act 2006, Section 252 is up to date with all changes known to be in force on or before 05 November 2025. back xutycgh izqo hhyhjv jjsaoj cxku lczkzp fzjl crkh ggppiyo tpshfhm uydjs wltpe migwlkf bfuhj