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The Companies Act 2013 (No. 18 of 2013) is an Act of the Parliament of India which forms the primary source of Indian company law. It received presidential assent on 29 August 2013, and largely superseded the Companies Act 1956 .
The 2013 Companies Act superseded the Companies Act of 1956, under whose provisions Indian corporations previously operated.In addition to the Companies Act, corporations are subject to other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).
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The Act cannot be directly applied to all states of India. The states have the choice of passing a resolution to adopt the bill or passing a similar bill. The Act however directly applies to the states of Arunachal Pradesh, Himachal Pradesh, Mizoram, and Sikkim, as they had passed resolutions allowing such laws in their states. [3]
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Tesla stock fell as the stock's post-election gains faded amid a cooling of the Trump trade and a new report from Reuters that suggested EV tax credits could be cut under the incoming Trump ...
To take care of the storm of bugs that had poured onto them and into the bed, he and his wife gathered up the sheets and dumped them in the wash. "Any leftovers got vacuumed up," he adds.
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 ...