Companies Act, 2013
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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Comprehensive overhaul of corporate governance law replacing the Companies Act 1956. Introduced mandatory CSR spending (2% of net profit), class action suits, one-person companies, and enhanced auditor accountability.
Key Facts
Type Legislation
Source Historical Record
Published Thursday, 29 August 2013
Affected Population 1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
20 million central + state government employees
Key Authorities
Key Stakeholders
Government Context
UPA II Congress-led UPA
Left Centre Right