Company Act 2013

The Companies Act 2013 is a significant piece of legislation in India that regulates the formation, management, and dissolution of companies. It replaced the Companies Act 1956 and aims to improve corporate governance, enhance transparency, and ensure accountability within the corporate sector.

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What is a
Company Act 2013

Companies Act 2013 is an Act of the Parliament of India which regulates incorporation of a company, responsibilities of a company, directors, 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 only certain provisions of the Act notified.

Recent developments:

15+ Years

Of experience in business service

In India, there are two types of arbitration:

Improved Corporate Governance
Ease of Doing Business
Enhanced Investor Protection
Mandatory Corporate Social Responsibility (CSR)
Stricter Penalties and Fraud Prevention:

Key features and provisions

One Person Company (OPC)
Independent Directors
Class Action Suits
Dormant Companies
National Company Law Tribunal (NCLT)
Auditor Rotation
Director Duties

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Company Act 2013 FAQ's

What is the Company Act of 2013?

The Companies Act, 2013 (“The Act”) is a historic legislation which has replaced existing Company Law which is 56 years old. It is a modern and contemporary law enacted after several rounds of deliberations with various stakeholders. It moves from the regime of control to that of liberalization/ self-regulation.

How many parts are in the Companies Act 2013?

The Companies Act 2013 is an Act of the Parliament of India , divided into 29 chapters containing 470 sections and has 7 schedules. The Act has replaced The Companies Act, 1956 after receiving the assent of the President of India on 29 August 2013.

What are the basic requirements of the Companies Act, 2013?

The Companies Act, 2013 regulates appointment, qualification, remuneration, and retirement of directors of the Company. Aspects such as how to conduct Board Meetings and Shareholders Meetings. The preparation and presentation of annual accounts and the regular maintenance of books of accounts.

What is the main objective of the Companies Act, 2013?

The primary objective of the Companies Act 2013 is to modernize and streamline the legal framework for the incorporation, regulation, and governance of companies in India. It aims to enhance corporate transparency, accountability, and investor protection while promoting ease of doing business and sustainable development.

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