Listing of the most viewed sections in the Companies Act for the month of March 2019 based on visitors to our free to use website www.ca2013.com.
March 2019 Company Law Top 5 Chartbuster
|Rank in February||Change in Rank||Rank in March||Section reference||Section title|
|3||↑||1||12||Registered Office of the Company|
|1||↓||2||62||Further Issue of Share Capital|
|4||↑||3||42||Offer or Invitation for subscription of securities on private placement|
|–||↑||4||149||Company to have Board of Directors|
|5||↔||5||179||Powers of the Board|
Section 90 ‘Investigation of beneficial ownership of shares in certain cases’ has dropped out of the top 5 and is replaced by Section 149.
March 2019 LODR Top 5 Chartbuster Regulation
|Rank in February||Change in Rank||Rank in March||Regulation reference||Regulation Title|
|1||↔||1||17||Board of Directors|
|3||↑||2||30||Disclosure of Events or Information|
Regulations 34-Annual Reports, 4-Principles Governing disclosures and obligations, and 23-Related Party Transactions have dropped out of the top 5 and have been replaced by Regulations 16, 22 and 2.
March 2019 IB Code Top 5 Chartbusters
|Rank in Feb.||Change in Rank||Rank in March||Section||Section Title|
|4||↑||1||59||Voluntary liquidation of corporate persons|
|3||↑||2||7||Initiation of corporate insolvency resolution process by financial creditor.|
|1||↓||3||9||Application for initiation of corporate insolvency resolution process by operational creditor|
|5||↑||4||21||Committee of Creditors|
|2||↓||5||3, 5 and
|3 & 5 both are Definitions;
Persons who may initiate corporate insolvency resolution process
None of the Sections have dropped out of the top 5, while Section 3 and 6 are jointly ranked at no.5 along with Section 5.
As many of you may be aware, we provide a free to use website that provides an integrated view of the Companies Act, LODR and IB code. Over the last three years, this site has generated good traction with 3000+ individuals registering for getting updates and attracts around 2000 users viewing more than 5000 pages a day, every working day to be more precise. As professionals take a break during the weekend, the website viewership is also lower; more pronounced on Sundays, than on Saturdays.