The fundamental difference between the Companies Act of 1956 and the Companies Act of 2013 is that while one may establish a company under the latest, one may not do so under the previous. Indian companies were previously governed by the Companies Act of 1956; however, following a significant modification made in 2013, they are now governed by the Companies Act of 2013. It is important to remember that even though the 2013 Act is now in effect, businesses registered under the previous Act are still considered.
