The Companies Act, 2013 passed by the Parliament has received the assent of the President of India on 29^th August 2013 and came into force on 12^th September 2013. The Act consolidates and amends the law relating to companies, it has replaced The Companies Act, 1956 (in a partial manner).

The changes made were like earlier for private companies the maximum number of members were 50 and now it will be 200. A new term of “one-person company” is included in this act that will be a private company and with only 98 provisions of the Act notified. A total of another 184 sections came into force from 1^st April 2014.

Article 135 of the Companies Act introduces mandatory CSR (corporate social responsibility) contributions for large companies, making it the only mandatory CSR law in the world

Hi :) My name is Muskan Agarwal. I am very headstrong and go getter in whatever i do. I work as a paralegal in the team and try to bring value in my work.

Muskan Agarwal

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