What is the difference between Companies Act 1956 and Companies Act 2013?

The Companies Act of 2013 has 464 sections and 7 schedules. The Companies Act of 1956 had 658 sections and 15 schedules. As per Companies Act of 1956, one person cannot form a company and as per Companies Act of 2013, one person can form a one person company. 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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