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The Companies Amendment Act, 2006 The Limited liability Partnership Act, 2008 In August 2013, The Companies Act, 2013 was passed to regulate corporations by increasing responsibilities of corporate executives and is intended to avoid the accounting scandals such as the Satyam scandal which have plagued India. [ 2 ]
The 2013 Companies Act superseded the Companies Act of 1956, under whose provisions Indian corporations previously operated.In addition to the Companies Act, corporations are subject to other regulations administered by the Ministry of Corporate Affairs (MCA), [1] which has two branches: the Regional Director (RD) and the Registrar of Companies (ROC).
Created in the year 1967 as a service to administer the Companies Act, 1956 as the Company Law Service, it was renamed as Indian Company Law Service in the year 2002. The service functioned under Ministry of Finance (Department of Company Affairs) till 2004, after which an independent ministry by the name Ministry of Corporate Affairs was created to administer the Corporate Sector in India.
The Companies Act, 2013: Territorial extent: India: Enacted by: Parliament of India: Signed by: President of India: Signed: 29 August 2013: Commenced: 12 September 2013 (98 sections) 1 April 2014 (184 sections) Legislative history; Bill title: The Companies Bill, 2012: Bill citation: Bill No. 121-C of 2011: Repeals; The Companies Act, 1956 ...
Some provisions of the Act are still in force (as per Ministry of Corporate Affairs Website) Status: Repealed The Companies Act 1956 was an Act of the Parliament of India , enacted in 1956, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries . [ 1 ]
The Companies Acts 1948 to 1980 was the collective title of the Companies Act 1948, Parts I and III of the Companies Act 1967, the Companies (Floating Charges and Receivers) (Scotland) Act 1972, section 9 of the European Communities Act 1972, sections 1 to 4 of the Stock Exchange (Completion of Bargains) Act 1976, section 9 of the Insolvency ...
The Companies (Amendment) Act, 2015, of India, was granted the assent of the President on May 25, 2015, but was published in the Official Gazette on May 26, 2015. [1] This Amendment aims to swiftly bridge some of the most pressing concerns of stakeholders such as the need to align business exigencies with certain actions deemed punishable with criminal law under the original Act of 1956 but ...
Goa, Daman and Diu (Administration) Act: 1962: 1 Hindi Sahitya Sammelan Act: 1962: 13 National Co-operative Development Corporation Act: 1962: 26 State of Nagaland Act: 1962: 27 Atomic Energy Act: 1962: 33 Extradition Act: 1962: 34 Foreigners Law (Application and Amendment) Act: 1962: 42 Pondicherry (Administration) Act: 1962: 49