GENERAL KNOWLEDGE

Detailed explanation-1: -As per notification of the Ministry of Corporate Affairs (MCA), the Companies Act of 1956 was repealed from 30th January 2019. The Companies Act 2013 replaced the Companies Act, 1956. The Companies Act of 1956 was amended many times after it came into force.

Detailed explanation-2: -What is the difference between Companies Act 1956 and Companies Act 2013? The key difference between Companies Act 1956 and Companies Act 2013 is that as per the Companies Act 1956, a person cannot form a company, whereas in the Companies Act 2013, a person can form a company.