What happened to the Companies Act 1956?

The Companies Act of 1956 was partially replaced by the Companies Act of 2013 after receiving assent from the President of India. There were 658 sections in the Companies Act, 1956. Currently 438 sections of this Act remain, the rest of them have been replaced. You can read about the Companies Act 2013 – Indian Companies Act Definition, Companies Act 1956 in the given link.

Further readings:

  1. Insolvency And Bankruptcy Code (IBC) – IBC Amendment Bill 2021 
  2. Reserve Bank of India (RBI) – Functions and Composition

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