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What is Evolution of Company Law in India about?

Company law in India has evolved significantly from its colonial roots, closely mirroring English legislation. Key developments include the introduction of limited liability in 1857, the comprehensive Companies Act of 1956, and the modernization efforts culminating in the Companies Act of 2013. The law recognizes companies as distinct legal entities, allowing for limited liability, perpetual succession, and professional management, while also imposing compliance requirements and public accountability.

Author

Savita

Language

EN