Companies Act 1956 Explained

Imagealt:Companies Act
Long Title:An Act to consolidate and amend the law relating to companies and certain other associations
Territorial Extent:India
Enacted By:Parliament of India
Date Enacted:18 January 1956
Date Commenced:1 April 1956 and amendment 2015
Repeals: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Status:repealed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to be formed by registration, and set out the responsibilities of companies, their directors and secretaries.[1] It was repealed and replaced by the Companies Act 2013.

History

The Act was administered by the Government of India through the Ministry of Corporate Affairs and the Offices of Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc. The Registrar of Companies (ROC) handles incorporation of new companies and the administration of running companies.

Since its commencement, it was amended many times, in which amendment of 1988, 1990, 1996, 2000, 2011 & 2013 were notable.[2]

Types of companies

There are 11 types of registrations for a company under the Companies Act 1956.[3]

See also

External links

Notes and References

  1. Web site: Business Portal of India : Starting a Business : Regulatory Requirements : Companies Act . . . 19 February 2011 . 20 June 2008 . https://web.archive.org/web/20080620000422/http://business.gov.in/starting_business/companies_act.php . dead .
  2. Web site: Amended version 2015.
  3. Web site: TYPES OF COMPANIES - Company Laws Ready Reckoner - Companies Act, 1956 - Companies Law . www.taxmanagementindia.com . 4 August 2022.
  4. News: Singh . Sandeep . Section 25 company: A not-for-profit company with defined objectives . 4 August 2022 . . 4 June 2022.