5 Questions
When did the Companies Act 2013 receive presidential assent?
29 August 2013
When did Section 1 of the Companies Act 2013 come into force?
30 August 2013
What is the primary source of Indian company law?
The Companies Act 2013 (No. 18 of 2013)
What did the Act increase the responsibilities of in the information technology sector?
Corporate executives
What did the Act establish that was constituted on 1 June 2016?
The National Company Law Tribunal (NCLT)
Study Notes
The Companies Act 2013
- Received presidential assent on 29 August 2013, superseding the Companies Act 1956
- Section 1 of the act came into force on 30 August 2013
- 98 sections came into force on 12 September 2013 with some changes
- 183 sections came into force from 1 April 2014
- The Ministry of Corporate Affairs exempted private companies from various sections of the act through a notification
Impact on Corporate Executives
- Increased responsibilities of corporate executives in the information technology sector
- CEOs and CTOs can be prosecuted in cases of IT failure
National Company Law Tribunal (NCLT)
- Established under the Companies Act 2013
- Constituted on 1 June 2016, based on the recommendation of the Justice Eradi
Test your knowledge of the Companies Act 2013 with this quiz. Explore key provisions, amendments, and implications of the act as it pertains to Indian company law.
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