Indian Companies Act 1956

Difference between Companies Act 1956 and 2013

The Indian Companies Act, 1956 was repealed and replaced by the Indian Companies Act, 2013. The Companies Act of 2013 includes comprehensive regulations that extend to both public companies and privately held businesses in the country. The Companies Act of 2013 incorporated a number of new sections and repealed the Companies Act of 1956's corresponding sections. This is a groundbreaking law with far-reaching ramifications for all Indian-based businesses.