Definitions
📚 Law Minded summary
This is the dictionary of the Act, and it is the most quietly powerful section in it. Around ninety-five terms are defined here, and every one of those definitions travels into every other section that uses the word.
It is where you find out what actually counts as a "company", a "private company", a "subsidiary", a "related party", a "key managerial personnel", "control", or a "small company". A single word in this list can decide whether an entire chapter applies to a business.
That matters in practice: whether your company is "small" changes what you must file, and whether someone is a "related party" changes whether a contract needs board approval. When a section elsewhere in the Act seems unclear, the answer is usually a definition sitting here.
The 93 terms defined in this section
Open any term for its own page.
- (1) abridged prospectus
- (2) accounting standards
- (3) alter or alteration
- (4) Appellate Tribunal
- (5) articles
- (6) associate company
- (7) auditing standards
- (8) authorised capital or nominal capital
- (9) banking company
- (10) Board of Directors or Board
- (11) body corporate or corporation
- (12) book and paper or book or paper
- (13) books of account
- (14) branch office
- (15) called-up capital
- (16) charge
- (17) chartered accountant
- (18) Chief Executive Officer
- (19) Chief Financial Officer
- (20) company
- (21) company limited by guarantee
- (22) company limited by shares
- (23) Company Liquidator
- (24) company secretary or secretary
- (25) company secretary in practice
- (26) contributory
- (27) control
- (28) Cost Accountant
- (29) court
- (30) debenture
- (31) deposit
- (32) depository
- (33) derivative
- (34) director
- (35) dividend
- (36) document
- (37) employees
- (38) expert
- (39) financial institution
- (40) financial statement
- (41) financial year
- (42) foreign company
- (43) free reserves
- (44) Global Depository Receipt
- (45) Government company
- (46) holding company
- (47) independent director
- (48) Indian Depository Receipt
- (50) issued capital
- (51) key managerial personnel
- (52) listed company
- (53) manager
- (54) managing director
- (55) member
- (56) memorandum
- (57) net worth
- (58) notification
- (59) officer
- (60) officer who is in default
- (61) Official Liquidator
- (62) One Person Company
- (63) ordinary or special resol ution
- (64) paid-up share capital or share capital paid -up
- (65) postal ballot
- (66) prescribed
- (67) previous company law
- (68) private company
- (69) promoter
- (70) prospectus
- (71) public company
- (72) public financial institution
- (73) recognised stock exchange
- (74) register of companies
- (75) Registrar
- (76) related party
- (77) relative
- (78) remuneration
- (79) Schedule
- (80) scheduled bank
- (81) securities
- (82) Securities and Exchange Board
- (83) Serious Fraud Investigation Office
- (84) share
- (85) small company
- (86) subscribed capital
- (87) subsidiary company or subsidiary
- (88) sweat equity shares
- (89) total voting power
- (90) Tribunal
- (91) turnover
- (92) unlimited company
- (93) voting right
- (94) whole-time director