摘要：The Companies Act1956 has now been replaced by The Companies Act, 2013 after receiving the assent of the President of India on Thursday, 29 August 2013. The Companies Act, 2013 is divided into 29 chapters containing 470 Sections as against 658 Sections in the Companies Act, 1956. The Central Government has appointed Thursday, 12 September 2013 as the date on which some notified sections the Companies Act, 2013 shall come into force. The Ministry of Corporate Affairs has notified 183 sections of the new Companies Act, 2013, which comes into effect from April 1, 2014. With this, 283 of 470 sections of the Act have got notified in a phased manner. The new law has been passed and is considered as trend changer in Indian Corporate law the new law has been rewritten extensively with several new provisions for investor protection, better corporate governance and corporate social responsibility etc. It defines a number of new terms that have come into vogue in recent times. The bill provides for class action suit, which is key weapon for individual shareholders to take collective action against errant companies. Better disclosure requirements in financial statements and disclosure of interests of directors etc. It has also streamlined procedures relating to disclosure of transactions with parties related to directors, promoters etc.
关键词：highlights of the companies act 2013;relaxations for private companies
