⌖  Acts & Rules  /  §03

Corporate Laws.

The framework statutes for incorporation, governance, securities, insolvency and contracts. The 2013 Companies Act is the operative law; sections of the 1956 Act remain in force for matters not yet notified under the new code.

08 acts

§03.01In force

Companies Act, 2013

⌖ Authority
MCA / NCLT

470 sections across 29 chapters governing incorporation, directors, audit, related-party transactions, mergers, NCLT proceedings and winding-up. Read with the Companies (Various) Rules, 2014.

§03.02Partially in force

Companies Act, 1956

⌖ Authority
MCA

A handful of sections — notably those relating to producer companies and certain winding-up provisions — remain in force until the corresponding sections of the 2013 Act are notified.

§03.03In force

Limited Liability Partnership Act, 2008

LLP Act

⌖ Authority
MCA

Governs LLP incorporation, partner liability, contribution, audit and conversion. Read with the LLP Rules, 2009 and the LLP (Amendment) Act, 2021 which introduced decriminalisation and small-LLP relief.

§03.04In force

Insolvency and Bankruptcy Code, 2016

IBC

⌖ Authority
IBBI / NCLT

A unified insolvency framework for companies, LLPs, partnerships and individuals — corporate insolvency resolution under Part II, individual under Part III (yet to be fully notified).

§03.05In force

Securities and Exchange Board of India Act, 1992

SEBI Act

⌖ Authority
SEBI

Establishes SEBI and confers powers to regulate the securities market — listed companies, intermediaries, mutual funds, AIFs, REITs, InvITs and ESG / climate disclosures.

§03.06In force

Securities Contracts (Regulation) Act, 1956

SCRA

⌖ Authority
SEBI

The foundational statute for stock exchanges and the listing of securities — definitions of 'securities', recognition of exchanges, and listing-agreement enforcement.

§03.07In force

Indian Partnership Act, 1932

⌖ Authority
Registrar of Firms (State)

Governs registered partnership firms — formation, mutual rights and duties, dissolution and the consequences of non-registration under Section 69.

§03.08In force

Indian Contract Act, 1872

⌖ Authority
Civil courts

The general law of contracts in India — offer, acceptance, consideration, capacity, performance and remedies. The bedrock under every commercial engagement.