What is the act used for company registration?
Company registration in India is regulated by the Companies Act, 2013, and administered by the Ministry of Corporate Affairs (www.mca.gov.in).
What is company Act 2013 and its features?
The major highlights of the 2013 Act are given below: The maximum number of shareholders for a private company is 200 (the previous cap was at 50). The concept of a one-person company. Company Law Appellate Tribunal & Company Law Tribunal. CSR made mandatory.
What are the company acts in India?
The Indian Companies Act 2013 replaced the Indian Companies Act, 1956. The Companies Act 2013 makes comprehensive provisions to govern all listed and unlisted companies in the country. The Companies Act, 2013 passed by the Parliament has received the assent of the President of India on 29th August, 2013.
Why ROC is required?
Every company in the country requires the approval of the ROC to come into existence. The ROC provides an incorporation certificate which is conclusive evidence of the existence of any company. A company, once incorporated, cannot cease unless the name of the company is struck off from the register of companies.
What is ROC of a company?
Registrars of Companies (ROC) appointed under Section 609 of the Companies Act covering the various States and Union Territories are vested with the primary duty of registering companies and LLPs floated in the respective states and the Union Territories and ensuring that such companies and LLPs comply with statutory …
What is the difference between Company Act 1956 and Company Act 2013?
In Companies Act 1956, only public financial institution, public sector banks or scheduled bank with main object of financing were allowed to issue there shelf prospectus but now Companies Act 2013 provides that the government shall prescribe the types of companies that can issue shelf prospectus.
What is new Companies Act, 2013?
The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company….
| Companies Act 2013 | |
|---|---|
| Territorial extent | India |
| Enacted by | Parliament of India |
| Assented to | 29 August 2013 |
| Signed | 29 August 2013 |
How many company acts are there?
The 2013 Act is divided into 29 chapters containing 470 sections as against 658 Sections in the Companies Act, 1956 and has 7 schedules….
| Companies Act 2013 | |
|---|---|
| Signed | 29 August 2013 |
| Commenced | 12 September 2013 (98 sections) 1 April 2014 (184 sections) |
| Legislative history | |
| Bill | The Companies Bill, 2012 |
How many Companies Act are there in India?
1. Journey of the Companies Act so far
| Companies Act 1956 | Companies Act 2013 |
|---|---|
| 658 Sections | 470 Sections |
| 15 Schedules | 7 Schedules |
| XIII Parts | 29 Chapters |
When was section 55A added to the Indian Registration Act 1950?
[Vide West Bengal Act 17 of 1978, sec. 7 and Sch.]. Section 55A West Bengal: For section 55A, which was inserted by the Indian Registration (West Bengal Amendment) Act, 1950 (29 of 1950), sec. 3, substitute the following, namely:— “55A.
How are companies classified under Companies Act 1956?
The Companies Act, 1956 broadly classifies the companies into private and public companies and provides for regulatory environment on the basis of such classification. However, with the growth of the economy and increase in the complexity of business operation, the forms of corporate organizations keep on changing.
How do I give notice of a company registration?
Public notice may be given by way of placing on the notice board / web site of the registration authorities and sent to the company as well as to its last known directors by registered post.
When was the Burmese registration rules confirmed in India?
[Vide Tripura Act 7 of 1982, sec. 16 (w.e.f. 1-1-1983)]. 92. Burmese registration-rules confirmed.—[Rep. by the Government of India (Adaptation of Indian Laws) Order, 1937.]