The Companies Bill 2013 has received Presidential assent. President Pranab Mukherjee gave his assent to this Bill today, informed sources said.

With this move, India has now got a new company law that has replaced the erstwhile Companies Act 1956.

The Corporate Affairs Ministry is expected to in the next few weeks come up with draft rules for public comments.

(This article was published on August 30, 2013)
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