18 of 2013) is an Act of the Parliament of India which forms the primary source of Indian company law.
It received presidential assent on 29 August 2013, and largely superseded the Companies Act 1956.
[3] The Ministry of Corporate Affairs thereafter published a notification exempting private companies from the ambit of various sections under the act.
[5] Further, the National Financial Reporting Authority (NFRA) was established in March 2018 as an oversight body to investigate matters of professional misconduct by Chartered accountants or CA firms.
[6] Before the Act, corporate social responsibility (CSR) requirements applied only to public sector companies.