This article is related to the Companies Act 2013.
The Companies act 2013 came into force on 12 September 2013 partially replacing the companies Act 1956. The president of India assent for this act was received on 29 August 2013. This act has regulated the incorporation procedure of a company, responsibilities of a company, directors, and dissolution of a company etc. The companies Act 2013 Act is divided into 29 chapters containing 470 sections as against 658 Sections in the Companies Act, 1956 and has 7 schedules.
Further, many new concepts like One Person Company, woman director, corporate social responsibility and dormant companies have been introduced by companies Act 2013.