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The Companies Bill, 2012

Updated: Jan 18, 2022

The Companies Bill 2012 (‘Bill’) was passed by Lok Sabha on 18th December, 2012. The Bill is yet to be passed by Rajya Sabha and receive the President’s assent. The Bill has 470 clauses and 7 schedules as against 658 Sections and 15 schedules of the existing Companies Act, 1956. The Statement of Objects and Reasons of the Bill states that the bill has been introduced in order to cope with the changes in the national and international economic environment and expansion and growth of economy of the country. This article sets out some of the key changes and concepts introduced by the Bill.

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