INDIAN COMPANIES ACT, 2013

The Indian Companies Act was enacted by Parliament in 1956. It was able to form companies by registration, it determined the responsibilities of the companies, their executive directors and secretaries.

In 2013, the Government of India has amended the Indian Companies Act 1956 and added a new Act in the form of the Indian Companies Act 2013.

The Companies Act, 1956 has been partially replaced by the Indian Companies Act 2013.

The President of India gave his assent to the bill on 29 August 2013. Subsequently, it became the Act and finally came into force on 12 September 2013.

INDIAN COMPANIES ACT 2013 : Salient Features

  1. The maximum number of members (shareholders) permitted for a Private Limited Company is increased to 200 from 50.
  2. One-Person company.
  3. Section 135 of the Act which deals with Corporate Social Responsibility.
  4. Company Law Tribunal and Company Law Appellate Tribunal.

THE COMPANIES (AMENDMENT) ACT, 2020

NO. 29 OF 2020
[28th September, 2020.]

An Act further to amend the Companies Act, 2013.
BE it enacted by Parliament in the Seventy-first Year of the Republic of India as
follows:—

1. (1) This Act may be called the Companies (Amendment) Act, 2020.
(2) It shall come into force on such date as the Central Government may, by notification
in the Official Gazette, appoint:
Provided that different dates may be appointed for different provisions of this Act and
any reference in any such provision to the commencement of this Act shall be construed as
a reference to the coming into force of that provision.

 

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