Act 19 of 1857

The Joint-stock Companies Act, 1857

An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.

  • Ministry of Corporate Affairs
  • Enacted 1857-07-10
  • 105 sections
SectionTitle
I Company formed by Memorandum of Association and registration.Read
II Penalty on partnerships exceeding a certain number.Read
III Matters required to be prescribed by Memorandum of Association.Read
IV Prohibition against identity of names in registered Companies.Read
V Form of Memorandum of Association.Read
VI Shares to be taken by subscribers of Memorandum of Association.Read
VII Special regulations may be prescribed by Articles of Association.Read
VIII Form and effect of Articles of Association.Read
IX Use of printed copies of Memorandum or Articles.Read
X Registration of Memorandum of Association and Articles of Association.Read
XI Effect of registration.Read
XII Directors to be liable for debts if dividend be paid contrary to the provisions of the Act, or when the Company is known by them to be insolvent.Proviso.Read
XIII Issue of shares by Company.Read
XIV Register of shareholders.Read
XV Annual list of shareholders on Register.Read
XVI Penalty on Company not keeping a proper Register .Read
XVII Restrictive definition shareholder.Read
XVIII Transfer of shares.Read
XIX Certificate of shares.Read
XX Calls a debt to Company.Read
XXI Inspection of Register and annual of share holders.Read
XXII Power to close Register.Read
XXIII Remedy for improper entry, or omission of entry in Register.Read
XXIV Register to be evidence .Read
XXV Copies of Memorandum and Articles of Association to be forwarded to shareholders.Read
XXVI Registered Office of Company.Read
XXVII Noticeof situation ofregistered OfficeRead
XXVIII Publication of name a limited Company.Read
XXIX Penalties on non-publication of name.Read
XXX General Meeting of Company.Read
XXXI What accounts to be kept.Read
XXXII Balance-sheet to be made out annually and filed with the Register.Read
XXXIII Balance-sheet to be signed and certified by the Directors.Read
XXXIV No dividend payable except out of profits.Read
XXXV Audit.Read
XXXVI Inspection of balance-sheet and of report of Auditors thereon.Read
XXXVII Appointment of Auditors.Read
XXXVIII Power of Company to after regulations by special resolution.Read
XXXIX Definition of special resolution.Read
XL Registry of special resolution.Read
XLI Copies of special resolutions.Read
XLII Notice to Registrar of increase of capital.Read
XLIII Prohibition against carrying on business with less than seven shareholders.Read
XLIV Evidence of proceedings at Meetings.Read
XLV Contracts how made.Read
XLVI Execution of deeds.Read
XLVII Promissory Notes, Bills of Exchange, and Hoodees.Read
XLVIII Examination of affairs of Company by Inspectors appointed by the local Government.Read
XLIX Power of Inspectors.Read
L Result of examination how dealt with.Read
LI Power of Company to appoint Inspectors.Read
LII Report of Inspectors to be evidence.Read
LIII Services of notices on Company.Read
LIV Rules as to notices by letter.Read
LV Authentication of notices of Company.Read
LVI Adjudication of offences and recovery of penalties.Read
LVII Governor General of India in Council may alter Forms in Schedule.Read
LVIII Application of Part III of Act.Read
LIX Meaning of the Expression “the Court” as used in Part III of the Act.Read
LX Liability of present shareholders in respect of debts.Read
LXI Liability of former shareholders in Company other than a limited Company with respect to debts.Read
LXII Liability of former shareholders in a limited Company with respect to debts and liabilities.Read
LXIII Commencement of winding-up of Company defined.Read
LXIV Definition of “contributory,” and legal character of his liability.Read
LXV Rights of contributories between themselves.Read
LXVI Circumstances under which Company may be wound-up by Court.Read
LXVII Company when deemed unable to pay its debts.Read
LXVIII Application for winding-up to be by petition.Read
LXIX Course to be pursued by Court on petition of a creditor.Read
LXX Order for winding-up Company on creditor’s petition.Read
LXXI Course to be pursued by Court on petition of contributory.Read
LXXII Effect of the order for winding-up Company.Read
LXXIII Collection and application of assets.Read
LXXIV Fraudulent preference.Read
LXXV Power of Court to summon person suspected of having property of Company.Read
LXXVI Penalty of falsification of books.Read
LXXVII Executions upon certain judgments of petition to be void.Read
LXXVIII Books of Company to be evidence.Read
LXXIX Power of Court to make calls.Read
LXXX Recovery of calls.Read
LXXXI Calls may be made upon former shareholders in respect of shares.Read
LXXXII Payment of money into Court.Read
LXXXIII Power of Court to grant injunctionRead
LXXXIV Power of Court to stay proceedings.Read
LXXXV Power of Court to adjust rights of contributoriesRead
LXXXVI Power of Court to order costsRead
LXXXVII Appointment of Official Liquidators.Read
LXXXVIII Style and duties of Official Liquidators.Read
LXXXIX Power of Official Liquidators.Read
XC Remuneration of Official Liquidators.Read
XCI Dissolution of Company.Read
XCII Registrar to make minute of dissolution of Company.Read
XCIII Circumstances under which Company may be wound-up voluntarily.Read
XCIV Notice of resolution to wind-up voluntarily.Read
XCV Consequences of voluntary wind-up.Read
XCVI Saving of rights of creditors.Read
XCVII Registration.Read
XCVIII Repeal of Act XLIII of 1850.Read
XCIX Registration of existing Companies.Read
C Requisitions for registration by existing Companies.Read
CI Authentication of statements of existing Companies.Read
CII Certificate of registration of existing Companies.Read
CIII Power of Company to change name.Read
CIV Certificate to be evidence of compliance with Act.Read
CV Saving rights to creditors.Read
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