Q: What are the differences between Companies Act, 1956 and Companies Act, 2013 ?

Ans:  There are some differences between companies act, 1956 and Companies Act, 2013.

The maximum members in a private company according to Company Act, 1956 are 50 whereas the Maximum members in a private company according to company act, 2013 are 200.

One person company does not exist under Companies Act, 1956 whereas one person company exists under Companies Act, 2013.

Companies were permitted to decide the date of end of financial year under Companies Act, 1956 whereas the financial year must end on 31st March every year.

According to Companies act, 1956, the maximum directors in a company will be 12 whereas according to Companies Act, 2013, the maximum directors in a company will be 15 but by passing a special resolution.

According to section 149(1) of the Companies Act, 2013 , every company shall have a minimum number of 3 directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company. A company can appoint maximum 15 fifteen directors but by passing a special resolution. 

There is no concept of Corporate Social Responsibility under Companies act, 1956 whereas there is a concept of corporate Social Responsibility under Companies act, 2013.

There was no such provision of women director in company according to Companies  act, 1956 whereas there is a provision of atleast one Women director under Section 149(1)(b) of Companies act, 2013

There was not any provision of e governance under companies act, 1956 whereas there is a provision of e governance under companies act, 2013.

Electronic governance or e-governance implies government functioning with the application of ICT (Information and Communications Technology).

Keywords used: 

A member is one of the company's owners whose name has been entered on the register of members. Members delegate certain powers to the company's directors to run the company on their behalf.

Delegate : giving somebody with a lower job or position a particular task to do

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