Companies Act 2013

Companies Act 2013
Companies Act 2013
An Act to consolidate and amend the law relating to companies.
Citation Act No. 18 of 2013
Territorial extent India
Enacted by Parliament of India
Date assented to 29 August 2013
Date signed 29 August 2013
Date commenced

12 September 2013 (98 sections)

1 April 2014 (184 sections)
Legislative history
Bill The Companies Bill, 2012
Bill citation Bill No. 121-C of 2011
Repealing legislation
The Companies Act 1956
Status: In force

The 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 sections as against 658 Sections in the Companies Act, 1956 and has 7 schedules.[1]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.[2][3] A total of another 184 sections came into force from 1 April 2014.[4]

The Ministry of Company Affairs thereafter published a notification for exempting private companies from the ambit of various sections under the Companies Act. [5]

New Concepts

Brief description of new concepts

Previous legislation

Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries.[8] The Act was administered by the Government of India through the Ministry of Corporate Affairs and the Offices of Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc. Since its commencement, it was amended many times, in which amendment of 1988, 1990, 1996, 2000 and 2011 were notable.


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