What is the purpose of the Companies Act?

It is an Act to consolidate and amend the law relating to companies. This Act allows the Union Government to legislate the functioning, financing, formation and dissolution of companies. 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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