46 corporations act pdf

Under section 46, a company a is a subsidiary of another company b if b. An act of parbnent to make provision for the establishment of state corporations. Application of the acts interpretation act 1901 part 1. Close corporations amendment act 8 of 1994 gg 891 deemed to have come into force on 1 march 1994, except for section 5, 14 and 30. Professional corporations for the practice of law b. Powers of corporation as to acquisition of property.

Corporations act 2001 sect 46 what is a subsidiary a body corporate in this section called the first body is a subsidiary of another body corporate if, and only if. An act to amend the international business corporation act, cap. An act to provide for the establishment of food corporations for the purpose of trading in foodgrains and other foodstuffs and for matters connected therewith and incidental thereto. The michigan legislature website is a free service of the legislative internet technology team in cooperation with the michigan legislative council, the michigan house of representatives, and the michigan senate. A body corporate in this section called the first body is a subsidiary of another body corporate if, and only if.

However, there is a definition of subsidiary in section 46 of the corporations law. This act may be cited as the international business corporations act, cap. Regulations may modify operation of the corporations legislation to deal with. Associations incorporation act 2009 no 7 contents page 59 liabilities arising from administration 32 60 stay of proceedings 33 61 administrator to report to directorgeneral 33 division 3 winding up 62 voluntary winding up 33 63 involuntary winding up 33 64 modifications to text of applied corporations act 2001 of the commonwealth 34. Same 4 subject to the regulations made under this act, the corporations information act applies to the corporation. Amendments to close corporations act definitions 2. This act is current to march 25, 2020 see the tables of legislative changes for this act s legislative history, including any changes not in force.

An act to make provision in relation to corporations and financial products and services, and for other purposes. Business corporations act 52 mirc part i 52 mirc part i. Version incorporating amendments as at 14 may 2014. Business corporations act part i interpretation and application section 1 c t current to. May 3, 2019 page 9 c business corporations act chapter b6. Definitions affiliated corporations control holding body corporate. Recent laws may not yet be included in the ilcs database, but they are found on this site as public acts soon after they become law. The gujarat provincial municipal corporations act, 1949.

Securities records central and branch registers where registers are to be kept effect of registration branch register. Specifying larger urban area and establishment of corporation etc. Purchase or redemption by corporation of its own shares. Today our system of company law and corporate governance, setting. This act shall be known and may be cited as the name of state business corporation act. Close corporations act 69 of 1984 to provide for the formation, registration, incorporation, management, control and liquidation of close corporations. Table of contents business corporations act bc laws. State corporations act issue 1 s17 7 be exercised only with the consent of the minister and subject to such limitations and conditions as may be imposed by the treasury with respect to state corporations generally or specifically with respect to a particular state corporation. Calls on shares of same class to be made on uniform basis. Corporations act 2001 table of provisions long title chapter 1introductory part 1. Procedure when immovable property cannot be acquired by agreement. Companies act 71 of 2008 english text signed by the president assented to.

Business corporations act 3 44 form of dividend 45 financial assistance 46 shareholder immunity part 6 security certificates, registers and transfers 47 transfers of securities 48 security certificates 49 securities records 50 dealings with registered holders and transmission on death 51 overissue part 7 trust indentures. Associations incorporation act 2009 nsw legislation. Inclusion and exclusion of areas in, or from the larger. Professional corporations for the practice of public accounting 14. Updating the database of the illinois compiled statutes ilcs is an ongoing process. Enacted by the parliament of antigua and barbuda as follows. For information concerning the relationship between statutes and public acts, refer to the guide.

Close corporations act 26 of 1988 parliament of namibia. Definitions 1 in this act, a affairs means the relationships among a corporation and its affiliates and the. An act to reform company law and restate the greater part of the enactments relating to companies. These explanatory notes relate to the companies act 2006 c. It includes any commenced amendment affecting the legislation to that date. Contents government owned corporations act 1993 page 4 71 appointment of gocs first senior executives. Other provisions with respect to a companys constitution. The corporations act back to the act bilingual pdf interpretation and application 1. This is a compilation of the corporations act 2001 as in force on 19 july 20. Introduction section 46 is headed distributions must be authorised by the board. Close corporations act 26 of 1988 og 5658 brought into force after namibian independence on 1 march 1994 by proc. In this act, unless the context requires otherwise interpreagent means an intermediary such as a publictation corporation, a company or any other body appointed by the government and owns 51% or more of the shares in any public corporation and represents the government directly or indirectly. This act may be cited as the state corporathns act.

Corporations act 2001 federal register of legislation. Canada corporations act 63 kb act current to 20200319 and last amended on 20171231. Health care corporations, limited liability companies and limited liability partnerships 12. Other act 3 the corporations act does not apply to the corporation. Section 5 1 a business corporation may request a person who violated the ban on competition to return any benefit obtained as a result of the violation or to transfer any rights arising therefrom to the business corporation, unless the same is excluded by. Lix gujarat provincial municipal corporations act, 1949 vii chapter viii. Creditors need to be protected from asset or dividend stripping but shareholders on the other hand have a legitimate entitlement to dividends or other distributions. Close corporations, see model statutory close corporation supplement. B10 chapter b10 an act respecting business corporations short title short title 1 this act may be cited as the business corporations act. Illinois compiled statutes illinois general assembly. The state financial corporations act, 19511 63 of 1951 31st october, 1951 an act to provide for the establishment of state financial corporations. Corporations act 2001 sect 46 what is a subsidiary.