1956 VS 2013

COMPANIES ACT 1956 VS 2013

The main points of difference showing a quantitative comparison between Companies Act 1956 and 2013  are:s- (as on 31 december 2013)

1) Sections-

In 1956 act there were 658 sections.

Now in 2013 act , the sections have been reduced to 470.

2) Chapters-

In 1956 act there were 13 chapters.

Now in 2013 act , chapters have been increased to 29.

3)  Schedules-

In 1956 act there were 15 schedules.

Now in 2013 act , schedules are only 7.

4) Number of clauses-

In section 2 of 1956 act there were 67 definitions.

Now in section 2 of act 2013 there are 95 definitions.