What are the flaws in companies act, 2013?

HI,

Please post your views or comments regarding the flaws or mistakes in the Companies Act, 2013. Lets have a discussion. 

Thank you.

Replies (1)

Errors in Companies Act 2013 not rectified in Companies (Amendment) Bill 2016:

It is surprising that drafting errors  in Companies Act 2013 have not been rectified in Companies (Amendment) Act 2015 and now again  ignored in Companies (Amendment) Bill 2016 also:


1) Section 2(2): There is no reference to any 'companies or class of companies' in Section 133 as wrongly mentioned here.

2) Section 2(68):  In first Proviso, the word ‘clause’ should be read as ‘sub-clause’.

3) Section 4(1)(f): The words 'or his incapacity to contract' should be added after the word 'subscriber' - [See Proviso to Sec.3(1)]....

 

4) Section 55(2)(d):  In the proviso, the word ‘also’ should have been deleted.

5) Section 70(2):  The word ‘section’ should have been deleted.

6) Section 134(3)(d): 'sub-section (6)' should be replaced by 'sub-section (7)'.

7) Section 134(5)(e): The word 'and' should be added at the end of the clause.

8) Section 137: In the heading of the Section, the words 'financial statement' should be replaced by 'financial statements'.

9) Section 233(12):  The word ‘in’ should be added before ‘clause (b)’.

10) Section 243(1): The word 'set' should be replaced by 'sets'.

11) Section 245(1): 'sub-section (2)' should be replaced by 'sub-section (3)'.

12) Section 343(3): The words 'of being heard' should be added after 'opportunity'.

13) Section 465: In third proviso to sub-section (1), the word 'to' should be added after 'referred'.

14) Schedule-I, The word 'of' should be added after 'A.B.' at following places:

a) Table B, Clause 7th
b) Table D, Clause 6th
c) Table E, Clause 7th

15) Schedule-VI: The heading 'Infrastructure Projects/ Infrastructural Facilities' should be provided.

                                                            ***

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details