Listing of the most viewed sections in the Companies Act for the month of April 2019 based on visitors to our free to use website www.ca2013.com.
April 2019 Company Law Top 5 Chartbuster
|Rank in March||Change in Rank||Rank in April||Section reference||Section title|
|1||↔||1||12||Registered Office of the Company|
|–||↑||2||139||Appointment of Auditors|
|2||↓||3||62||Further Issue of Share Capital|
|Powers of the Board
Financial Statement, Board Report’s, etc.
|4||↓||5||149||Company to have Board of Directors|
Section 42 ‘Offer or Invitation for subscription of securities on private placement’ has dropped out of the Top 5 Sections and is replaced by Section 134 and 139.
April 2019 LODR Top 5 Chartbuster Regulation
|Rank in March||Change in Rank||Rank in April||Regulation reference||Regulation Title|
|–||↑||2||47||Advertisements in Newspaper|
|–||↑||4||37||Draft Scheme of Arrangement & Scheme of Arrangement|
|–||↑||5||26||Obligations with respect to employees including senior management, key managerial persons, directors and promoters|
All the top 5 viewed Regulations in March namely, Regulations 17-Board of Directors, 30-Disclosure of Events or Information, 16-Definitions, 33-Financial Results, and 2-Definitions were replaced by new regulations in April 2019.
|Rank in March||Change in Rank||Rank in April||Section||Section Title|
|–||↑||1||30||Submission of Resolution Plan|
|2||9||Application for initiation of corporate insolvency resolution process by operational creditor|
|3||7||Initiation of corporate insolvency resolution process by financial creditor.|
|–||↑||4||33||Initiation of Liquidation|
|1||↓||5||59||Voluntary liquidation of corporate persons|
Section 21-Committee of Creditors and Section 3-Definitions have dropped out of the top 5, while Section 30 and Section 33 are new entrants.
As many of you may be aware, we provide a free-to-use website (ca2013.com) that provides an integrated view of the Companies Act, LODR and IB code. Over the last three years, this site has generated a good traction with 3500+ professionals 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.