Courtesy: https://meraskill.com Sl No Point Companies Act 2013 Companies Act 1956 1 Financial Year Companies must have their financial year ending on 31 Mar every year Companies were permitted to have financial year ending on a date decide by Company 2 Formats of Financial Statement Schedule III Schedule VI 3 Maximum No of Partners As per rules, subject to Max 100.currently is 50 . 10 in banking business and 20 in any other business. 4 Max Shareholders in Pvt Ltd Company 200 excluding past and present employees 50 excluding past and present employees 5 One Person Company (OPC) Company which has only one person (natural person) as its member Did not exist 6 Issue of Share at discount Section 53 prohibits issue of shares at a discount However, Section 54 permits issue of ESOPs to its employees at a discount. Section 79 permitted issue of shares at a discount. 8 Security Premium Reser...
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