Main differences made in the new amendment 2013 act with comparative to old act 1956 in short and easy to understandable .... Hope u like it.. :)

1. COMPANIES ACT,2013
V/s
COMPANIES ACT,1956

2. Milestones in making
COMPANIES ACT,2013 enforceable…
2008
2012
2013
2013
•Companies bill Introduced in Lok sabha on 23rd October 2008
for the first time, to replace 52 year old Companies Act , 1956
•Companies Bill passed in Lok Sabha on 18th December 2012
at 10:46 pm
•Bill passed in Rajya Sabha on 8th August 2013 at 5:16 pm
•Enacted as Companies Act 2013, with President assent on
29th August 2013

3. 
Need For New Companies Act

4. Structural Comparison
Companies
Act 1956
Companies
Act 2013
13 Parts
29 Chapters
658 Sections
And
15 Schedules
470 Sections
And
7 Schedules

5. CAPTION
Members
OLD COMPANIES
ACT 1956.
There are maximum There are maximum number of
of 50 members.
200 members.
Does not exists.
One person
Company
Incorporation
NEW COMPANIES
ACT 2013.
It can be treated
has conclusive
evidence.
The concept of one person
company was introduced to
form a private limited company.
It cant be treated has
conclusive evidence because
action can be taken even after
incorporation.

6. CAPTION
OLD COMPANIES
ACT 1956.
It consists of name
clause, situation clause,
object clause,
Memorandum of subscription clause, etc.,.
association
Articles of
association
Resident
Director
It has companies limited
by share, limited by
guarantee & unlimited
companies.
NEW COMPANIES
ACT 2013.
It consists of all the
clauses but in object
clause the sub-clause
named other objectives
is excluded.
No changes have been
done in this regard.
Every company shall
have one director who
No such provision existed. lives in India for a
period of 180 days for
last calendar year.

7. CAPTION
OLD COMPANIES
ACT 1956
NEW COMPANIES
ACT 2013.
No such provision
existed.
Inspection of
documents in
electronic form is
made.
No such provision
existed.
In prescribed
companies classes or
class women can be a
director.
E-governance
Women director
Maximum no. of
Directors
Max. no of directors
are 12 not beyond
them with approval
of central govt.
Number increased to
15 but by passing with
special resolution .

8. CAPTION
Applicability of
law
Issue of bonus
shares
Exit option of
share holder
OLD COMPANIES
ACT 1956
It is acceptable whole
India except in Sikkim
has they has their own
company’s act.
NEW COMPANIES
ACT 2013.
It is applicable to whole
India.
No such provision existed. Private limited
However rules framed in
company’s are not
unlisted public company.
permitted to issue
bonus shares.(clause 63
and 23)
Share holders can have
No such provision existed. exit option if money
raised has not been
utilised.

9. CAPTION
OLD COMPANIES
ACT 1956
NEW COMPANIES
ACT 2013.
• Constitution of corporate social
responsibility (C.S.R.)
Committee of the board is
compulsory for companies:
• No provisions for
CSR initiatives
Corporate
Social
Responsibility
(C.S.R.)
- Having turnover of rupees
1000 crore or more or
-a net profit of rupees 5 crore
during financial year.
• Every financial year at least
2% of the average net profits
to be spent on CSR activities,

10. Forbes Magazine India Listed The
Companies Who Are Contributing For
CSR