INTRODUCTION-

The word company is amalgamation of the Latin word ‘Com’ meaning with or together and
‘Pains’ means “bread”. A company is nothing but a group of persons who have come together
or who have contributed money for some common person and who have incorporated
themselves into a distinct legal entity in form of company for that purpose.

Indian company law is now regulated by the Companies act 2013 and it regulates the
companies which are registered under the Companies act 2013.

Previously it was regulated by the Companies act 1956 and all the companies registered under
the Companies act 1956 were taken into the account.

DISTINCTION –
Companies Act 1956 VS Companies Act 2013.
A.) Preliminary provisions
1.) This act was enacted in 1956 by Parliament of India on 1st April 1956 and Companies act
2013 was in year 2013 by Parliament of India on 1st April 2014.