What is changed from Companies Act 1956 to Companies Act, - TopicsExpress

What is changed from Companies Act 1956 to Companies Act, 2013 An observation Companies Act 1956 was like new girlfriend. We knew since we born (started working) a liberal and a very good friend. Hardly getting serious about misbehavior (non compliance) always friendly and many tried and tested formula (drafts) were available in market to fulfill wishes (compliance). Companies Act, 2013 is like same girlfriend but whom you married. Now same action will draw different n strict reaction (huge penalty) tried but not tested formula. It thinks that you (company) are always cheating. Though we know the subject matter since years. Its ever changing and infinite rules that will make life more miserable. And best of all. Though changes were inevitable and known since years but transformation period is hardly a 4-5 days. Happy Married Life ahead..!!

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