Rules Under Companies Act 2013

The Companies Act of 2013 governs the selection, training, compensation, and retirement of the company's directors.

The British Company Act of 1908 served as the foundation for the 1913 evolution of the Companies Act, which was subsequently revised in 1956 following independence. The Companies Act needed to be changed, which was done in 2013 as a result of India’s mammoth growth and the level of technological advancement seen around the world, including the globalised economy.

The Companies Act-2013‘s goals include improving the act’s transparency, safeguarding stakeholder interests, establishing tribunals, and enforcing strict penalties against defaulters. This article describes the laws that are regulated.

Components of the Companies Act of 2013

The Companies Act of 2013 is a piece of legislation that was passed in 2013 and has 29 Chapters, 470 Sections, and 7 Schedules.

The list of regulations included in the Companies Act of 2013 is provided below. These regulations, which must be followed by the company, aid in obtaining financial assistance, relaxing compliance requirements, regulating organisational structure, and increasing technical competitiveness.

The Companies (Definitions and Details) Rules of 2014
Regulations for Companies (Limitation on Number of Layers), 2017
Company (Incorporation) Rules of 2014
Part I of the 2014 Companies (Prospectus and Allocation of Securities) Rules
The Companies (Concern of Global Depository Receipts) Rules, 2014
The Companies (Share Capital and Debentures) Rules, 2014
The Companies (Acknowledgement of Deposits) Rules, 2014
The Companies (Registration of Charges) Rules, 2014
The Companies (Management and Administration) Rules, 2014
Rules for Corporations (Significant Beneficial Owners), 20l8
Rules for Companies (Declaration and Payment of Dividends), 2014
In 2016, the Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, Holding Meetings, and Provision for Offices and Officers) Rules were adopted.
Accountability, Audit, Transfer, and Refund Regulations for the Investor Education and Protection Fund Authority, 2016
The Companies (Accounts) Rules 2014
Regulations for the National Financial Reporting Authority for 2018
The National Financial Reporting Authority (Meeting for Transaction of Business) Rules, 2019
The National Financial Reporting Authority (Manner of Appointment and Other Terms and Conditions of Service of Chairperson and Members) Rules, 2018
Company Rules for Corporate Social Responsibility, 2014.
Indian Accounting Standards Rules for Companies, 2015
Regulations for Corporations (Audit and Auditors), 2014
Regulations for Companies (Cost Records and Audit), 2014
Rules for 2015 for Companies (Filing of Documents and Forms in XBRL)
Rules for 2014’s Companies (Appointment and Qualifications of Directors)
2014 Rules for Companies (Board Meetings and its Powers)
The 2014 Companies (Appointment and Compensation of Managerial Personnel) Rules
Company Inspection, Investigation, and Inquiry Rules of 2014
(2017) Companies (Arrests in connection with Serious Fraud Investigation Office Investigation) Rules
The Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016
Regulations for Companies (Mediation and Conciliation), 2016
Regulations for Companies (Registered Valuers and Valuation), 2017
The 2016 Rules for Companies (Removal of Name of Companies from the Register of Companies)
The 2014 Rules for the Rehabilitation of Sick Companies
Regulations for Companies (Authorized to Registered), 2014
The 2014 Companies (Regulation of Foreign Companies) Rules
Rules for Corporations (Registration Offices and Fees), 2014
Rules of Nidhis, 2014
2016 Rules of the National Company Law Tribunal
Rules for the National Company Law Tribunal’s President and Other Members’ Salaries, Allowances, and Other Terms and Conditions of Service, 2015, similar to the compliance requirements for Pvt Ltd registration.
Rules for the National Company Law Appellate Tribunal (Chairperson’s and Other Members’ Salaries and Allowances and Other Terms and Conditions of Service), 2015.
The 2016 Rules of the National Company Law Appellate Tribunal
The 2016 National Company Law Tribunal (Procedure for Reducing Company Share Capital) Rules
Regulations for Companies (Transfer of Pending Proceedings), 2016
The Companies (Adjudicating Penalties) Rules, 2014, Part I
Division II: The Companies (Miscellaneous) Rules, 2014
The Businesses (Creation and Maintenance of Databank of Independent Directors) Rules, 2019
Rules for Companies (Winding Up), 2020
Federal Corporate Law Tribunal (Recruitment, Salary and other Terms and Conditions of Service of Officers and other Employees) Rules, 2020

These rules have been updated in the 29 chapters of the Companies Act of 2013, and they are as follows:

Registration of a company and Related Matters Prospectus and Securities Allotment
Debentures and share capital
Deposits Accepted by Businesses
Charges Registration
Audit and Auditors Management
Administration Dividend Declaration
Payment Accounts of Companies
Meetings of the Board and its Powers
Appointment and Qualifications of Directors
Selection and Compensation of Managerial Personnel
Inspection, Inquiry, and Investigation
Compromises, agreements, and fusions
Preventing oppression and poor leadership
Removal of Company Names by Registered Valuers from the Register of Companies
Bringing Sick Companies Back to Health,
Winding Up Companies Incorporated Outside of India,
Fees for Government Companies
Business Providers of Statistics
Information Courts of Special Jurisdiction for National Company Law and Appellate Tribunal

Conclusion

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