{"id":4525,"date":"2013-09-28T10:08:28","date_gmt":"2013-09-28T04:38:28","guid":{"rendered":"http:\/\/lex-warrier.in\/?p=4525"},"modified":"2023-07-01T15:45:10","modified_gmt":"2023-07-01T15:45:10","slug":"comparative-analysis-companies-act","status":"publish","type":"post","link":"https:\/\/lex-warrier.in\/archives\/comparative-analysis-companies-act.html","title":{"rendered":"Comparative Analysis of Companies Act, 1956 and Companies Act, 2013"},"content":{"rendered":"

Sibani Panda, Research Associate<\/strong><\/p>\n

The new Companies Bill has received the President’s assent on August 29, 2013 and the\u00a0Companies Act, 1956<\/a>\u00a0which was replaced by the recent companies act has brought about some drastic changes in several areas of company administration and management.<\/p>\n

OVERVIEW OF THE COMPANIES ACT, 1956 AND THE COMPANIES ACT, 2013<\/p>\n

[table id=3 \/]\n

HIGHLIGHTS OF THE COMPANIES ACT, 2013<\/h2>\n
    \n
  • The Act, of 2013 has 470 sections as against 658 Sections in the Companies Act, 1956.<\/li>\n
  • The entire Act has been divided into 29 chapters.<\/li>\n
  • Many new chapters have been introduced such as Registered Valuers (ch.17); Government companies (ch. 23); Companies to furnish information or statistics (ch. 25); Nidhis (ch. 26); National Company Law Tribunal & Appellate Tribunal (ch. 27); Special Courts (ch. 28).<\/li>\n
  • The Act is forward looking in its approach which empowers the Central Government to make rules, etc. through delegated legislation (section 469 and others).<\/li>\n
  • The Companies Act, 2013 is the result of detailed consultative process adopted by the Government.<\/li>\n<\/ul>\n

    COMPARATIVE ANALYSIS<\/h2>\n

    [table id=4 \/]\n

    Download Here<\/span><\/h3>\n