The Companies Act 2013: A Comprehensive Guide

Chapter I: Preliminary Provisions

Arrangement of Sections

The Companies Act 2013 is a comprehensive legislation that governs the formation, operation, and dissolution of companies in India. The Act is divided into 29 chapters and 470 sections, which are organized into nine schedules.

Chapter I of the Act contains the preliminary provisions, which provide an overview of the Act's purpose, scope, and definitions. Section 1 of the Act provides the short title and commencement date of the Act, while Section 2 defines the terms used throughout the Act.

Schedule III of the Act provides the manner in which every company registered under the Act shall prepare its Balance Sheet. The provisions of Schedule III are mandatory for all companies, irrespective of their size or industry.

The Companies Act 2013 is a comprehensive legislation that governs the formation, operation, and dissolution of companies in India. The Act is designed to promote transparency, accountability, and investor protection.