Rules under Companies Act 2013
Rules under Companies Act 2013
The Companies Act was evolved in the year 1913 based on the British Company Act 1908 and later modified in the year 1956 after independence. After India’s growth into a mammoth level and with the level of technology evolved around the globe which includes the globalised economy, it became necessary to modify the Companies Act which happened in the year 2013. The objective of the Companies Act-2013 is to develop the act in terms of transparency, protecting the stake holders, setting up tribunals, and to enforce strict action on the defaulters. The rules regulated are described in this article.
Ingredients of Companies Act 2013
The Companies Act 2013 has 29 Chapters, 470 sections, and 7 schedules and the PDF of the act can be accessed below:
Companies-Act-2013Following are the list of rules which are provided in the Companies Act, 2013. These rules are mandatory for the company and help to avail financial assistance, compliance relaxations, regulating structure of the company, and make the companies technically competitive.
- The Companies (Specification of Definitions Details) Rules, 2014
- The Companies (Restriction on Number of Layers) Rules, 2017
- The Companies (Incorporation) Rules, 2014
- Part I – The Companies (Prospectus and Allotment of Securities) Rules, 2014
- The Companies (Issue of Global Depository Receipts) Rules, 2014
- The Companies (Share Capital and Debentures) Rules, 2014
- The Companies (Acceptance of Deposits) Rules, 2014
- The Companies (Registration of Charges) Rules, 2014
- The Companies (Management and Administration) Rules, 2014
- The Companies (Significant Beneficial Owners) Rules,20l8
- The Companies (Declaration and Payment of Dividend) Rules, 2014
- The Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, Holding Meetings and Provision for Offices and Officers) Rules 2016
- Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016
- The Companies (Accounts) Rules, 2014
- The National Financial Reporting Authority Rules 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
- The Companies (Corporate Social Responsibility Policy) Rules, 2014.
- The Companies (Indian Accounting Standards) Rules, 2015
- The Companies (Audit and Auditors) Rules, 2014
- The Companies (Cost Records and Audit) Rules, 2014
- Companies (Filing of Documents and Forms in XBRL) Rules, 2015
- The Companies (Appointment and Qualifications of Directors) Rules, 2014
- The Companies (Meetings of Board and its Powers) Rules, 2014
- The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
- The Companies (Inspection, Investigation and Inquiry) Rules, 2014
- Companies (Arrests in connection with Investigation by Serious Fraud Investigation Office) Rules, 2017
- The Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
- The Companies (Mediation and Conciliation) Rules, 2016
- The Companies (Registered Valuers and Valuation) Rules, 2017
- The Companies (Removal of Name of Companies from the Register of Companies) Rules, 2016
- Revival and Rehabilitation of Sick Companies Rules, 2014
- The Companies (Authorised to Registered) Rules, 2014
- The Companies (Registration of Foreign Companies) Rules, 2014
- The Companies (The Registration Offices and Fees) Rules, 2014
- Nidhis Rules, 2014
- The National Company Law Tribunal Rules, 2016
- National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Rules, 2015
- National Company Law Appellate Tribunal (Salaries and Allowances and other terms and conditions of service of the Chairperson and other Members) Rules, 2015
- The National Company Law Appellate Tribunal Rules, 2016
- The National Company Law Tribunal (Procedure for reduction of Share capital of Company) Rules, 2016
- The Companies (Transfer of Pending Proceedings) Rules, 2016
- Part I – The Companies (Adjudication of Penalties) Rules, 2014
- Part II – The Companies (Miscellaneous) Rules, 2014
- The Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019
- The Companies (Winding Up) Rules, 2020
- National Company Law Tribunal (Recruitment, Salary and other Terms and Conditions of Service of Officers and other Employees) Rules, 2020
The 29 chapters of the Companies Act-2013 is evolved with these rules and they are:
- Incorporation of Company and Matters Incidental Thereto
- Prospectus and Allotment of Securities
- Share Capital and Debentures
- Acceptance of Deposits By Companies
- Registration of Charges
- Management and Administration
- Declaration and Payment of Dividend
- Accounts of Companies
- Audit and Auditors
- Appointment and Qualifications of Directors
- Meetings of Board and its Powers
- Appointment and Remuneration of Managerial Personnel
- Inspection, Inquiry and Investigation
- Compromises, Arrangements and Amalgamations
- Prevention of Oppression and Mismanagement
- Registered Valuers
- Removal of Names of Companies From The Register of Companies
- Revival and Rehabilitation of Sick Companies
- Winding Up
- Companies Incorporated Outside India
- Government Companies
- Registration offices and Fees
- Companies to Furnish Information Or Statistics
- National Company Law Tribunal and Appellate Tribunal
- Special Courts
There will be amendments to the Companies Act which will extend the act for further availability.
