THE COMPANIES ACT 2013 Company Law – CA FOUNDATION – CA. The Companies Act, 2013 (2013 Act) introduced a new requirement related to reopening or revision of accounts of the companies. The Companies Act, 2013 completely revolutionized corporate laws in India by introducing several new concepts that did not exist previously. Companies Act, 2013 and lists out the salient features, of the law in a capsule form. Companies Act 71 of 2008. Companies Act 2013 Prof. Gopal Ch Mondal Visiting Faculty Company: Meaning, Nature & The Companies Act 2013 is an Act of the Parliament of India which got the approval of the President on 29th August, 2013. 2.4K likes. SECTION 50. There are many definitions of a Company by various legal experts. The Companies Act, 2013. The Companies Act 71 of 2008 aims: to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of foreign companies carrying on business within the Republic; to define the relationships between companies … The Companies Act 2013 regulates the formation and functioning of corporations or companies in India. MCA recently vide its Company Law Committee Report on Decriminalization of the LLP Act, 2008 on 18th January, 2021 has proposed several reforms which are open for public comments till 2nd February, 2021. April 2014 erfolgte die Inkraftsetzung umfassender Neuregelungen im indischen Gesellschaftsrecht für Kapitalgesellschaften. A company would need to reopen or In this article, we will focus on the meaning and features of a Company. All about the new company law. PART A and PART B. Section 13 shall come into force on 1st April, 2014 vide Notification No. Section 26 of Companies Act, 2013 – Matters to be Stated in Prospectus. The Companies Bill 2012 was passed by the Lok Sabha on 18 th, December, 2012 and by the Rajya sabha on 8 th, August, 2013.On receiving the assent of the honi’ble President of India on 29 th, August, 2013 it was notified on 30 th, August, 2013 as the Companies Act 2013.. Purpose/ Objectives of the Companies Act 2013 The Companies Act, 2013, a successor to The Companies Act, 1956, made CSR a compulsory act. We know very well that the provisions of the Companies Act, 2013 (Act, 2013), and the rules framed thereunder, mandate companies to file requisite documents, including Annual Returns and Financial Statements, with the concerned Registrar of Companies (ROC) of their jurisdiction. Meaning of Non-Profit making Company Company which- has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object. The Companies Act, 2013, endeavours to make the corporate regulations in India more contemporary. I am grateful to CS K Sethuraman, Group Company Secretary, Reliance Industries Ltd. and CS Shashikala Rao, PCS for preparing the initial draft of this book, which bears testimony to their knowledge and scholarship. Files: Attachment Size; 321214210.pdf: 770.41 KB: 71 of 2008. 2013, it has now become the much awaited Companies Act, 2013 (2013 Act). COMPANY TO ACCEPT UNPAID SHARE CAPITAL, ALTHOUGH NOT CALLED UP [Effective from 12th September, 2013](1) A company may, if so authorised by its articles, accept from any member, the whole or a part of the amount remaining unpaid on any shares held by him, even if no part of that amount has been called up. The Present Publication is the 5 th Edition, which incorporates all the changes made by the Companies (Amendment) Act, 2020 and all the … Meaning of a Company. View Companies Act, 2013 (GM).pptx from LAW 234 at University of petroleum and energy studies Dehradun. The 1956 Act was based on the recommendations of the Bhabha Committee. There was no corresponding section in the erstwhile Companies Act, 1956 (1956 Act). An attempt has been made to reduce the content of the substantive portion of the related law in the Companies Act, 2013 as compared to the Companies Act, 1956 (1956 Act). You can also search for keywords within the sections of the Act. However the gap between the two board meetings should not be less than 90 days. The corporate regulations in India passed in 1956, which governed business entities in the erstwhile Companies Act,,. Specific section, or view all sections grouped by chapters the Bhabha Committee, and in 2013 major! 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