The 2013 Act introduces significant changes in the provisions related to governance, emanagement, compliance and enforcement, disclosure norms, auditors and mergers and acquisitions. Also, new concepts such as one-person company, small companies, dormant company, class action suits, registered values and corporate social responsibility have been included. The changes in the 2013 Act have far-reaching implications that are set to significantly change the manner in which corporates operate in India. In this publication, we have encapsulated the major changes as compared to the 1956 Act and the potential implications of these changes. We have also included, where relevant, the provisions of the draft rules, which have been issued by the Ministry of Corporate Affairs (MCA) till date for public comments. Such inclusions have been highlighted with an apteryx at the end of the sentence. However, please note that these are only draft rules and will undergo changes before being notified.