COMPANIES ACT, 2013

INDEX
COMPANIES ACT,2013

MANAGEMENT & ADMINISTRATION

GOVERNANCE

A paradigm shift for

Corporate

Definition

Governance

Prominent Influencers

Roles of director

Restrictions for Directors

Re-enacting the law

Strengthening Board Framework

Loan to Directors

Entities Structure

Number of Directors

Related Party Transaction

Categorization of rules

Number of Directorships

Fraud

Novelties

Appoint & Removal of Directors

Class Action Suits

What's in & out

Independent Dircetor

Transparency & Disclosures

Decision making by Director

Corporate Social Responsibility

Meetings and Related Matter

Role & Responsibility of CA

Committees of Board
Duties of Director

A PARADIGM SHIFT FOR

THE CORPORATE

The
Companies
Act, 1956

The Companies Act,

2013

COMPANIES ACT,
2013

470 Sections

29 Chapters

New
33 Definitions

7 Schedules
Facts about
the Act

Substantial Part of the Act in form of Rules

COMPANIES ACT,
2013
Contempora
ry
Business
Oriented

Easy
Understandabili
ty

Self
Regulatory

Preventive

Investor
Protective

Adaptable

PROMINENT
INFLUENCERS TO THE
NEW COMPANY LAW
IPO
Scam
Stock
Marke
t Scam

Peerle
ss

The
Influenc
ers

Sesa
Sterlit
e

Prade
ep
Overs
eas

Satya
m

Sahar
a

RE-ENACTING THE NEW

COMPANIES LAW

Bringing
Flexibility &
Adoption of
Internationally
Accepted
Practices
Self Regulation
with more
disclosures
Stringent
Punishment for
violation

Effective
protection for
different
sections of
Society
Healthy Growth
of India Inc.
Efficient
enforcement of
law

VARIOUS ENTITIES
UNDER THE ACT
Entity Structure Recognized under the
law
Access
to
Capital
Listed

Unlisted

Member
s
OPC
Private
compan
y
Public
compan
y

Control
Holding
Compan
y
Subsidia
ry
Compan
y
Associat
e
Compan
y

Liability
Limited

Shares
Guarant
ee

Unlimite
d

Size
Small
Compan
y

Activity
Dormant
Compan
y

Others
Nidhi
Compan
y
Foreign
Compan
y
Produce
r
Compan
y
Governm

ent
Company

CATEGORIZATION OF
RULES
S. No
1.

Prescription of
Manner/Form of documents

With respect to

Return of Allotment
Instrument of Transfer statements
Appeal
Secretarial Audit Report
Disclosures
Quarterly Reports
Declarations
Charge Documents
Resignation
Registers
Reports
Takeover Offer Statement
Annual Report
CSR Policy particulars
Notices
Intimation
Applications
License to Company
Verification of Declaration
Documents of Company
Statement by Board
Auditors Report

CATEGORIZATION OF
RULES
S. No

Prescription of

Time limit for various processes

With respect to
Filings
Various processes

Manner of Administration

Funds
Issue

Conditions to be complied

Appointment of auditor
Entering into contract
Various other things

Details in Special Resolution

Obtaining copies
Requests
AGM report
Appeals

Fees

DIN
Sitting fees
Application
Revised Authorized Capital
Inspections

CATEGORIZATION OF
RULES
S. No

Prescription of

7.

Composition

With respect to
NFRA
Other committees, bodies

8.

Class of Companies

Processes
Committees
Various other things

9.

Appointment of people

NFRA
ID
Experts for SFIO
Valuer
Members to mediation &
conciliation panel

10.

Procedure of Issue

11.

Limits

Number of companies
Managerial remuneration
Class action
Number of directors

New Concepts

NOVELTIE
S
Introduction of One Person Company
Stipulation of Woman Director
Provision of Class Action suits
Introduction of Registered Valuer
Fast Track Merger for Holding & Subsidiary Companies
Cross Border Merger
Further Use of electronic mode: Maintenance of Documents,
Records, Registers, Books of Accounts, etc. in e-Form
Meeting through Video Conferencing
Summary Procedure for Winding up of Company
Conciliation panel & special courts
Corporate Social Responsibility

WHATS IN &
OUT

IN

Key managerial personnel

Resident Director
Auditor Rotation
Dormant company
NFRA
Vigil mechanism
SFIO
Definition of Subsidiary
Secretarial Audit
Recasting of Account
Private Placement

OUT

Sole selling agents

Commencement certificate
Statutory meetings
Convert share into stock
Qualification shares
Treasury stocks

NUMBER OF DIRECTORS