A COMPARATIVE STUDY OF UK COMPANIES ACT, 2006AND INDIAN COMPANIES ACT, 2013

With the ever-changing business environment the way in which business firms are supposed to work also changes. With this changing environment it is in the best interest of the country to keep on incorporating various corporate laws arising in terms of challenges due to changes taking place in corporate arena.In this paper, an attempt is made to bring out the comparative picture of India and United Kingdom with regard to Indian Companies Act, 2013 and UK Companies Act, 2006 respectively.This paper covers the core contents generally associated with the corporate and their compliances. Our research throw some light on the framework of UK Companies Act, 2006 and Indian Companies Act, 2013 and the rapid challenges faced by both the countries in their corporate governance world. Our study also shows that UK law has been slow to move to revise its company law legislation but has learn from the experiences of other countries while Indian Companies Act, 2013 has taken a step ahead towards the rapid changes in the corporate scenario.