Companies Act 2013

Arrangement of Sections – Companies Act 2013 vs. 1956

The Companies act 2013 has 29 Chapters, 470 sections and 7 schedules, replacing the Companies Act 1956 which had 13 Parts, 658 Sections and 15 Schedules. The following table illustrates the sections of the Companies Act 2013 corresponding to the sections of the Companies Act,1956. Chapter Title Companies Act 2013 Companies Act 1956 I Preliminary…

Types of Companies under the Companies Act 2013

Starting a Company in India requires one to choose a type of company. A company formed under the Companies Act can be Classified based on their Incorporation, Ownership, Membership, control and Liability. Based on incorporation companies are classified into Chartered Companies, Statutory Companies, Registered Companies and Body Corporate. Based on Ownership they are classified into…

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Origin and Journey of the Companies Act in India

Company’s legislation in India owes its origin to The English Company’s law. The First law regulating the companies took its birth in 1850 as The Joint Stock Companies Act modeled on the British Companies Act of 1844. The principle of limited liability was not incorporated in this act, though the concept of separate legal entity…