Difference between companies act 1956 and companies act 2013
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COMPANIES ACT, 2013:
1. Companies must have their financial year ending on 31 March every year.
2. Maximum shareholders in Pvt Ltd Company is 200 excluding past and present employees.
3. One Person Company which has only one natural person as its member exists under this Act.
COMPANIES ACT, 1956:
1. Companies were permitted to have their financial year ending on a date decided by the company.
2. Maximum Shareholders in Pvt Ltd Company was 50 excluding past and present employees.
3. A One Person Company did not exist.
1. Companies must have their financial year ending on 31 March every year.
2. Maximum shareholders in Pvt Ltd Company is 200 excluding past and present employees.
3. One Person Company which has only one natural person as its member exists under this Act.
COMPANIES ACT, 1956:
1. Companies were permitted to have their financial year ending on a date decided by the company.
2. Maximum Shareholders in Pvt Ltd Company was 50 excluding past and present employees.
3. A One Person Company did not exist.
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