Income Tax 2019 - 230. page

Income Tax as Amended by Finance Act 2018

Acceptance of deposits from public by certain companies : Section – 76. (1) Notwithstanding anything contained in , a public company, having such net worth or turnover as may be prescribed, […]

Damages for fraud : Section – 75. (1) Where a company fails to repay the deposit or part thereof or any interest thereon referred to in within the time specified in […]

Repayment of deposits, etc., accepted before commencement of this Act : Section – 74. (1) Where in respect of any deposit accepted by a company before the commencement of this Act, […]

Prohibition on acceptance of deposits from public : Section – 73. (1) On and after the commencement of this Act, no company shall invite, accept or renew deposits under this Act from […]

Power to nominate  : Section – 72. (1) Every holder of securities of a company may, at any time, nominate, in the prescribed manner, any person to whom his securities shall […]

Debentures  : Section – 71. (1) A company may issue debentures with an option to convert such debentures into shares, either wholly or partly at the time of redemption: Provided that the […]

Prohibition for buy-back in certain circumstances : Section – 70. (1) No company shall directly or indirectly purchase its own shares or other specified securities— (a) through any subsidiary company including […]

Transfer of certain sums to capital redemption reserve account : Section – 69. (1) Where a company purchases its own shares out of free reserves or securities premium account, a sum […]

Power of company to purchase its own securities  : Section – 68. (1) Notwithstanding anything contained in this Act, but subject to the provisions of sub-section (2), a company may purchase […]

Restrictions on purchase by company or giving of loans by it for purchase of its shares  :   Section – 67. (1) No company limited by shares or by guarantee and […]