There are many highlights in the companies act of 2013 which are
Immediate changes in the letterhead: The bilz official communication in the full name of the company the address of its office where it is registered corporate Identity number which contains of 21 digit its telephone number fax number website address and also email id if any must be stated.
Appointment of auditors: every listed company will appoint the individual auditor for the term of more than five years and audit firm will appoint the auditor for more than two terms of five consecutive years. The period of five or ten years of the commencement of the auditor job ab is start from the date of their appointment.
Share capital: companies act of 2013 mentions about the share capital A company must decide whether it is a nominal capital of the rice registered and which is divided into debentures and shares and then issue the share capital for subscription to the public.
Loans to directors: in public company it cannot provide loan to the directors as government will not allow flow for it but in private company directors can borrow the loan easily.
Financial year: every company must have a financial year running from 1st April to 30 1st March this is a compulsory rule made by the companies act of 2013 which every companies that are working under this law which are bound by this act must follow.
Accounting year: this also means that the accounting year must run for 12 months that is from 1st April to 30 1st March the companies must work on the basis of the accounting year concept.
Articles of association: each and every companies that are registered under the companies act of 2013 must maintain the articles of association for the smooth management of the internal affairs of the company. Articles will frame the rules and regulations for the internal management.
Corporate social responsibility; the companies must dedicate 2% of its annual profits which is having a turnover of 500 crores or more must engage itself in a corporate social responsibility as companies obtain the natural and raw materials from nature sense they want to give it back to the nature in the form of social responsibility by doing some societal works.
NCLT: this is called as National company law tribunal which acts as a judicial authority instead of the high court or some other courts which is under the government.
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