Key Highlights of Companies ACT, 2013

The Companies Bill, 2012 was presented to President of India to permit on 29-08-2013 and it was notified in Gazette of India on 30-08-2013, the Companies ACT, 2013 was first come in action and known as Companies ACT, 2013.

The companies act, 2013 was introduced in India for building a process for doing business in India. Companies act, 2013 was first notified in Gazette of India on 30-08-2013.
The main aspect behind this Companies ACT, 2013 is to improving corporate governance by making companies more accountable and another motto is to easing the process of doing business in India.
Here below given are the Highlights of the Companies ACT, 2013

Passed in Lok Sabha	December 18, 2012
Passed in Rajya Sabha	August 08, 2013
President’s assent	August 29, 2013
Total number of sections	470
Total number of chapters	29
Total number of schedules	7
Number of sections notifies (282)	Section 1 on August 29, 2013 98 sections on September 12, 2013 183 sections on April 01, 2014
Total number of rules notified	Rules under 21 chapters notified 183 sections on April 01, 2014

​The Companies ACT, 2013 was introduced in India for ease of Doing Business. So, there are some new aspects are added into it for easily handing the complex process of businesses. What are that new aspects added to companies act, 2013?
183 sections on April 01, 2014

The new concepts or aspects introduced to companies act, 2013 are:

• Associate company
• One Person Company
• Small company
• Dormant company
• Independent director
• Women director
• Resident director
• Special court
• Secretarial standards
• Secretarial audit
• Class action
• Registered valuers
• Rotation of auditors
• Vigil mechanism
• Corporate social responsibility
• Cross border mergers
• Prohibition of insider training
• Global depository’s receipts