Abstract
In order to maintain the business entities for a long period, they framed rules and assign some duties and responsibility for its further existence through companies act. The companies act has a long history and after several amendments’ companies act 2013 is in prevalent. Nothing in this world is perfect and it involves both positive and negatives. In the same manner companies act has both pros and cons. This article deals with the need for companies act and some important drawbacks under the companies act 2013 and discusses the amended sections in that particular topic. Along with that it mainly aims at the comparison of U.K. Companies Act 2006 and Indian companies act 2013 in some of the major areas.
Keywords
Companies Act 2013
UK Companies Act 2006
Comparative company law
Directors' duties
Corporate governance
Incorporation
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