The changing sphere of Indian companies act

The Companies Act defines the broad contours within which the companies are expected to carry out its operations. It defines the rules and regulations for them and also gives them the required autonomy to flourish in the long run. The first glimpse of the modern day company dates back to 17^th century which had a completely different environment as compared to current times in 21^st century. Today the environment is more turbulent and the policymakers need a thorough understanding to make laws that stands at par to such changes. The objective of this paper is to make the readers aware of the past and the present changes in the Indian Companies law, which gives them a valuable insight of the current market scenario and the thrust on which such enactments are based. The facts enlisted here have been collected through various secondary sources like articles, websites and various academic books and magazines. The paper gives a special focus to “The Companies Act, 2013” highlighting its key features and concepts that make it a statue that matches to the expectations of the corporate, specially the shareholders and investors. The paper concludes with a comparison of the New Companies Act with its predecessors which will enable the readers to judge whether “The Companies Act, 2013” is actually a law of the 21^st century.