Form No. 24 Companies Act 1956 Template

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FORM NO. 24 OF THE COMPANIES ACT, 1956 Format

Are you a company director or compliance officer in India looking for a reliable Form No. 24 of the Companies Act 1956 format to file particulars of charges on properties acquired subject to a charge? This essential legal template ensures seamless compliance with the Registrar of Companies (ROC) requirements under the erstwhile Companies Act, 1956.

What is Form No. 24 under the Companies Act, 1956?

Form No. 24 of the Companies Act, 1956, is a statutory form prescribed for companies to notify the ROC about charges existing on properties or assets acquired by the company. Governed by Section 127 of the Act, it mandates filing within 30 days of acquisition to register the charge particulars publicly. Even post the transition to the Companies Act, 2013, this format remains relevant for legacy filings, mergers, or specific ROC jurisdictions in India. Our ready-to-use Form No. 24 Companies Act 1956 format in PDF or Word is customizable, saving you time and ensuring accuracy for business transactions.

Why is Form No. 24 Important?

Filing Form No. 24 is crucial for maintaining corporate compliance and transparency. Failure to file can result in penalties under Section 142, including fines up to ₹500 per day of delay, and may invalidate the charge security for creditors. It protects stakeholders by disclosing encumbrances on acquired assets, vital for mergers, acquisitions, loans, or property purchases. Using a professional Form No. 24 of the Companies Act 1956 format minimizes errors, speeds up approval, and upholds your company's legal standing in India.

Key Elements of Form No. 24 Format

A standard Form No. 24 Companies Act 1956 sample includes:

Company Details: CIN, name, registered office address.
Acquisition Particulars: Date of acquisition, description of property/assets (movable/immovable).
Charge Details: Amount secured, rate of interest, date of charge creation, brief terms.
Charge Holder Information: Name, address, and description of the charge holder.
Documents Attached: Certified copies of instrument creating the charge, resolution if applicable.
Verification: Signed by two directors or authorized signatory with date.

Our legal template incorporates all these elements in a clear, court-ready structure, available for free download preview or paid customization.

Who Should Use Form No. 24 of the Companies Act, 1956?

This form is indispensable for:

Private and public limited companies acquiring charged properties.
Businesses involved in asset purchases, amalgamations, or debt reconstructions.
Compliance teams handling ROC filings under the 1956 Act legacy provisions.
Startups or SMEs in India expanding via secured asset acquisitions. Common use cases include real estate deals with mortgages, machinery purchases under hire-purchase, or intellectual property with liens.

Download Your Customizable Form No. 24 Format Now

Get instant access to our premium Form No. 24 of the Companies Act 1956 format in editable Word or printable PDF. Ready to use for Indian companies, it's optimized for quick filing. Opt for AI-powered customization or professional legal review to tailor it perfectly to your needs. Download today and stay compliant effortlessly!

Important Note

While our Form No. 24 Companies Act 1956 legal template is designed by experts for accuracy, it's recommended to consult a qualified company secretary or lawyer for case-specific advice. Customize further with our tools for court/company requirements. Explore related templates like Form 8, Form 10, or charge modification forms for comprehensive compliance solutions in India.

FORM NO. 24 OF THE COMPANIES ACT, 1956

FORM NO. 24.

Registration No. of the company.......................... Nominal Capital Rs. ...................................

THE COMPANIES ACT, 1956

Form of application to Central Government for increasing the number of directors of company

[pursuant to section 259]

1. Name of the company ............................................. Limited/Private Limited ....................................

2. Address of its registered office.

3. Maximum number of directors permitted.

(i) If company in existence on 21st July, 1951, under articles in force on that date

(ii) If company in existence on 21st July, 1951, under articles in force on date of incorporation.

4. Number of directors in office on date of application.

5. Number of directress proposed to added

6. Reasons for increasing the number

7. Particulars regarding existing directors:


Names	Address	Nationality	Descriptions	Occupations	Date of birth and age
1	2	3	4	5	6



8. If names of the persons proposed to be appointed as director in case Government accords its approval, have been settled, Particulars relating to those person:

Names of proposed directors	Addresses	Nationality	Description	Occupations	Date of birth and age
1	2	3	4	5	6

9. Copy of the resolution, and proceedings of the general meeting of company with details of voting,
in a separate sheet which should be signed by the signatories the form should be furnished.

9A Name and address of the present auditors of the company.

9B The names and dates of the newspapers in which notices pursuant to section 640B have been
published.

(Note: Two certified copies of each of the notices should be enclosed).

9C. Whether a copy of the application together with enclosures thereto has been forwarded to the
Registrar pursuant to rule 20A(1)?

10 Declaration:

I/We solemnly declare that facts stated in this application are true to the best of my/our knowledge and the other facts are true to the best of my/our information and belief.

Signature..............................................

Designation *..............................................

Dated this ................................ day of ............................. 19 .............................

*State whether Director, Managing Director, Manager or secretary.

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Important Guidelines

Guidelines for Drafting FORM NO. 24 OF THE COMPANIES ACT, 1956

Form No. 24 of the Companies Act, 1956, is used for filing annual returns by companies. Here are guidelines for effective drafting:

Accurate Information: Ensure that all details provided in Form No. 24 are accurate and up-to-date. Inaccuracies may lead to legal consequences.

Timely Submission: File Form No. 24 within the stipulated time frame to comply with statutory deadlines. Late submissions may attract penalties.

Comprehensive Details: Provide comprehensive information about the company, including its financial statements, share capital, directors, and other relevant particulars.

Legible and Clear: Ensure that the form is legible and filled out clearly. Illegible or unclear information may lead to misunderstandings or delays in processing.

Common Mistakes to Avoid:

Incomplete Form: Fill out all sections of Form No. 24 thoroughly. Incomplete forms may be rejected, leading to non-compliance.

Mismatched Information: Ensure consistency across the form. Information in different sections should align to avoid discrepancies.

Ignoring Changes: Update the form to reflect any changes in company details promptly. Failure to do so may result in outdated or incorrect information.

Lack of Compliance Check: Before submission, conduct a compliance check to ensure adherence to the Companies Act, 1956, and related regulations.

Form No. 24 is crucial for regulatory compliance, providing a snapshot of a company's financial health and structure. Adhering to these guidelines ensures a comprehensive and accurate submission, promoting transparency and compliance with legal requirements.

Frequently asked questions

What is Form No. 24 under the Companies Act, 1956?→

Form No. 24 is an official notice issued by the Registrar of Companies (ROC) to a company and its officers, informing them of the penal consequences for failing to supply required information, documents, or providing false information to the ROC, ensuring compliance with Indian company law.

Is Form No. 24 still legally valid in India after the Companies Act, 2013?→

The Companies Act, 2013 has largely replaced the 1956 Act. Form No. 24 may be referenced for legacy matters, but verify equivalent notifications on the MCA portal for current compliance in India.

In what format can I download Form No. 24 of the Companies Act, 1956?→

Form No. 24 is available for free download in PDF and editable Word formats from reliable legal template sites, suitable for Indian company law purposes.

Does filing or using Form No. 24 require stamp duty in India?→

As a statutory notice form under the Companies Act, 1956, Form No. 24 does not attract stamp duty. Confirm with state-specific rules if incorporated into other legal documents.

Can I customize or edit the Form No. 24 template?→

Yes, the Word version of Form No. 24 is fully customizable for company-specific details while preserving its legal structure under Indian regulations.

Who should use Form No. 24 and when is it required?→

Primarily issued by the ROC to companies and officers for compliance reminders. Companies, directors, and legal advisors in India refer to it during ROC interactions or audits.