Companies
Act, 2013 is an Act of the Parliament
of India which regulates incorporation of a
company, responsibilities of a company, directors, and dissolution of a
company. The 2013 Act is divided into 29 chapters containing 470 clauses as
against 658 Sections in the Companies Act, 1956 and has 7 schedules. The Act has
replaced The Companies Act, 1956 (in a partial manner) after receiving the assent of the President
of India on 29 August 2013. The Act came into
force on 12 September 2013 with few changes like earlier private companies
maximum number of member was 50 and now it will be 200.a new term of one Person
Company is included in this act that will be a private company and with only 98
provisions of the Act notified.
A report has
been prepared by leading audit firm, price waterhouse coopers which can be read
and saved using following the link –
https://www.pwc.in/en_IN/in/assets/pdfs/publications/2013/companies-act-2013-Key-highlights-and-analysis.pdf
FURTHER
UPDATES WOULD BE PUBLISHED AS AND WHEN DECLARED BY THE AUTHORITY TO KEEP THE
READERS UPTO DATE ABOUT THE CHANGES.
