Summary
The Companies Act, 2013 is an important Indian law that replaced the Companies Act, 1956. The Act sets out rules and regulations for the incorporation, management, and winding up of companies in India. It aims to improve corporate governance, enhance transparency, and protect the interests of shareholders and stakeholders. The Act also provides for the establishment of National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) which are responsible for resolving disputes and enforcing provisions of the Act. The Act has been amended several times since its inception to keep up with the changing business environment and to align with global best practices.
