Toggle navigation
Home
Team
Profile
Services
Advisory Services
Due Diligence
Drafting & Pleading
Licensing
Commercial Contracts
Other Important Services
Digital Signature
Regulatory Links
MCA
Reserve Bank of India (RBI)
Securities & Exchange Board of India (SEBI)
National Stock Exchange (NSE)
Bombay Stock Exchange (BSE)
National Securities Depositories Ltd. (NSDL)
Central Depository Services (India) Ltd. (CDSL)
Important Links
Knowledge Bank
Calculators
GST Calculator
Tax Calculator
TDS Calculator
Calculate Net Profit
Calculate Net Worth
Effective Capital
HRA
NSC
EMI
Auto Loan Calculator
Home Loan Calculator
Get No. Of Installment
RERA Calculator
Developers Calculator
Home Buyer Delay Interest
Home Buyer Refund
Bulletins
RBI SEBI
Notification
Circular
Income Tax
Service Tax
Central Sales Tax
Excise Matters
Customs
Company Law
Labour Laws
FEMA
The LLP Act 2008
Accounting Standard (INDAS)
Others
GST
VAT
Delhi VAT
Maharastra VAT
Gujarat VAT
Telangana VAT
Tamil Nadu VAT
IGST
UTGST
Compensation Cess
IBC Regulation
Utilities
Rates of TDS
TDS Rates for N.R.I us 195
Rates of Income Tax
Depreciation Rates Companies Act
Depreciation Rates Income Tax Act
ROC Filing Fees (Cos Act, 2013)
ROC Fee Structure (Cos Act, 2013)
Cost Inflation Index
IFSC Codes
MICR Codes
Rates of NSC Interest
Gold and Silver Rates
Rates of Stamp Duty
LLP Fees
National Industries Classification
HSN Rate List
Deduction u/s 80TTA Vs 80TTB
Links
Quick Links
Important Links
GST/VAT Links
Ease Of Doing Business
Acts
Direct Tax
Income Tax Act
Wealth Tax Act
Income Declaration Scheme 2016
Indirect Tax
Service Tax(Finance Act, 1994)
Central Sales Tax Act, 1956
The Central Excise Act, 1944
Customs Act, 1962
Entry Tax Act
Corporate Laws
Companies Act, 2013
Companies Act, 1956
LLP ACT
SEBI Act, 1992
Company Secretaries Act, 1980
VAT Laws
Delhi Value Added Tax Act, 2004
MVAT Act, 2002
West Bengal VAT Act, 2003
Tamilnadu VAT ACT, 2006
Karnataka Value Added Tax Act, 2003
Gujarat Value Added Tax Act, 2003
UP VAT Act, 2008
Rajasthan Value Added Tax Act, 2003
Punjab Value Added Tax Act
Haryana Value Added Tax Act
Telangana VAT Act 2005
Andhra Pradesh VAT Act, 2005
Bihar Value Added Tax Act, 2005
Other Statutes
ESI Act, 1948
PF Act, 1952
Profession Tax Act
The Indian Partnership Act, 1932
Societies Registration Act, 1860
Competition Act, 2002
Reserve Bank of India Act, 1934
MRTP Act, 1969
Equalisation Levy Act, 2016
Right To Information Act, 2005
FEMA, 1999
Maharashtra RERA
RERA, 2016
Insolvency & Bankruptcy Code, 2016
Benami Property Act 1988
GST Laws
IGST Act , 2017
CGST Tax Act, 2017
UTGST Act, 2017
GST (Compensation to States) Act
Rules
Direct Tax Rules
Income Tax Rules
Wealth Tax Rules 1957
Income Declaration Scheme Rules 2016
Indirect Tax Rules
GST Valuation Rules , 2016
Service Tax Rules
CST (Delhi) Rules, 2005
CST (Maharashtra) Rules
Customs Valuation Rules
Cenvat Credit Rules, 2017
Entry Tax Rules
Corporate Laws Rules
Companies Rules, 2014
LLP Rules, 2009
LLP Winding up Rules, 2012
Cos Unpaid Dividend Rules, 1978
VAT Laws Rules
Delhi VAT Rules, 2005
Maharashtra VAT Rules, 2005
West Bengal VAT Rules, 2005
Tamilnadu VAT Rules, 2007
Karnataka VAT Rules, 2005
Gujarat VAT Rules, 2006
Uttar Pradesh VAT Rules, 2008
Rajasthan VAT Rules, 2006
Punjab VAT Rules
Haryana VAT Rules, 2003
Telangana VAT Rules 2005
Andhra Pradesh VAT Rules, 2005
Bihar Value Added Tax Rules, 2005
Other Statutes
Profession Tax Rules
NBFC Deposits Directions, 1998
NBFC & Misc NBC (Advt) Rules, 1977
NBFC Auditor Report Directions, 2008
Delhi Labour Welfare Fund Rules, 1997
Cost records and audit Rules, 2014
Baggage Rules, 2016
Equalisation Levy Rules, 2016
NCLT And NCLAT Rules
Insolvency & Bankruptcy Rules
Benami Property Rules, 2016
GST Rules
CGST Rules, 2017
IGST Rules 2017
Forms
Income Tax Forms
ROC Forms (Cos Act, 2013)
ROC Forms (Cos Act, 1956)
Income Declaration Forms
Wealth Tax Forms
Service Tax Forms
Companies Unpaid Dividend Forms
NBFCs Forms
LLP Winding up
FEMA Forms
LLP Forms
CGST Forms
GST Forms
Accounts and Records
Advance Ruling
Appeals and Revision
Assessment and Audit
Composition
Demands and Recovery
Input Tax Credit
Inspection, Search and Seizure
Offences and Penalties
Payment of Tax
Refund
Registration
Returns
Transitional Provisions
Value of Supply
Query
Careers
Admin
Login
Email Login
Time Sheet
Contact Us
Punjab_Value_Added_Tax_Act
Section / Rule Number
Content
252 Minimum number of directors
253 Only individuals to be directors
254 Subscribers of memorandum deemed to be directors
255 Appointment of directors and proportion of those who are to retire by rotation
256 Ascertainment of directors retiring by rotation and filling of vacancies
257 Right of persons other than retiring directors to stand for directorship
258 Right of company to increase or reduce the number of directors
259 Increase in number of directors to require government sanction
260 Additional directors
261 Certain persons not to be appointed directors, except by special resolution
262 Filling of casual vacancies among directors
263 Appointment of directors to be voted on individually
263A Sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc.
264 Consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the registrar
265 Option to company to adopt proportional representation for the appointment of directors
266 Restrictions on appointment or advertisement of director
267 Certain persons not to be appointed managing directors
268 Amendment of provision relating to managing, whole-time or non-rotational directors to require government approval
269 Appointment of managing or whole-time director or manager to require government approval only in certain cases
270 Time within which share qualification is to be obtained and maximum amount there of
271 Filing of declaration of share qualification by director
272 Penalty
273 Saving
274 Disqualifications of directors
275 No person to be a director of more than fifteen companies
276 Choice to be made by director of more than fifteen companies at commencement of act
277 Choice by person becoming director of more than fifteen companies after commencement of act
278 Exclusion of certain directorships for the purposes of sections 275, 276 and 277
279 Penalty
280 Age limit
281 Age limit not to apply if company so resolves
282 Duty of director to disclose age
283 Vacation of office by directors
284 Removal of directors
285 Board to meet at least once in every three calendar months
286 Notice of meetings
287 Quorum for meetings
288 Procedure where meeting adjourned for want of quorum
289 Passing of resolutions by circulation
290 Validity of acts of directors
291 General powers of board
292 Certain powers to be exercised by board only at meeting
292A Audit Committee
293 Restrictions on powers of board
293A Prohibitions and restrictions regarding political contributions
293B Power of board and other persons to make contributions to the national defence fund, etc
294 Appointment of sole selling agents to require approval of company in general meeting
294A Prohibition of payment of compensation to sole selling agents for loss of office in certain cases
294AA Power of central government to prohibit the appointment of soleselling agents in certain cases
295 Loans to directors, etc
296 Application of section 295 to book debts in certain cases
297 Board's sanction to be required for certain contracts in which particular directors are interested
298 Power of directors to carry on business when managing agent or secretaries and treasurers are deemed to have vacated office, etc
299 Disclosure of interests by director
300 Interested director not to participate or vote in board's proceedings
301 Register of contracts, companies and firms in which directors are interested
302 Disclosure to members of director's interest in contract appointing manager, managing director
303 Register of directors, etc.
304 Inspection of the register
305 Duty of directors, etc., to make disclosure
306 Register to be kept by registrar and inspection thereof
307 Register of directors' shareholdings, etc
308 Duty of directors and persons deemed to be directors to make disclosure of shareholdings
309 Remuneration of directors
310 PROVISION FOR INCREASE IN REMUNERATION TO REQUIRE GOVERNMENT SANCTION
311 Increase in remuneration of managing director on re-appointment or appointment after act to require government sanction
312 Prohibition of assignment of office by director
313 Appointment and term of office of alternate directors
314 Director, etc., not to hold office or place of profit
315 Application of sections 316 and 317
316 Number of companies of which one person may be appointed managing director
317 Managing director not to be appointed for more than five years at a time
318 Compensation for loss of office not permissible except to managing or whole-time directors or to directors who are managers
319 Payment to director, etc., for loss of office etc., in connection with transfer of undertaking or property
320 Payment to director for loss of office, etc., in connection with transfer of shares
321 Provisions supplementary to sections 318, 319 and 320
322 Directors, etc., with unlimited liability in limited company
323 Special resolution of limited company making liability of directors, etc., unlimited
266A. Application for allotment of Director Identification Number
266B. Allotment of Director Identification Number
266C. Prohibition to obtain more than one Director Identification Number
266D.Obligation of director to intimate Director Identification Number to concerned company or companies
266E. Obligation of company to inform Director Identification Number to Registrar
266F. Obligation to indicate Director Identification Number
266G. Penalty for contravention of provisions of section 266A or section 266C or section 266D or section 266E
164236
Times Visited
Webtel