The document summarizes key aspects of the new Companies Bill passed in India in 2013. It overhauled the previous 1956 law to address changes in the economic environment, exponential corporate growth, and stakeholder expectations. Some major changes introduced include allowing up to 200 members in private companies versus 50 previously, requirements for e-governance, whistleblower policies, at least one woman director, restrictions on subsidiary layers, aligning financial years, limits on directorships, exit options for shareholders, revised conditions for buybacks and bonus shares, reopening accounts, consolidated financial statements, and mandatory secretarial audits for large companies. The new law aims to foster investment and adoption of international best practices.