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rule based legislation

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8 Points Joined September 2017
Dear team ,
why is it said that companies act 2013 is a rule based legislation ?

Is there any difference between principal based and rule based regulatory systems ?
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On 01 December 2017 at 21:25 Report
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Student CA Final
11857 Points Joined May 2015
As every section supported by rules thats why called
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On 01 December 2017 at 22:38
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Student CA Final
11857 Points Joined May 2015
If it is prposed that amendments should be made in section then it is possible only through companies amendments act but in case of rules just through circular and notification
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On 01 December 2017 at 22:41
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8 Points Joined September 2017
dear sir ,
thank you for clearing my doubt.
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On 01 December 2017 at 22:58
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Student CA Final
11857 Points Joined May 2015
Here is also a student.. Not sir... Hope ur query will resolved now without any doubt
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On 01 December 2017 at 23:04

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