The Companies Act

The Companies Act is a legal framework that governs how companies are formed, operated, and dissolved. It sets out rules for registering companies, managing their affairs, and protecting shareholders and stakeholders. The Act covers aspects like company responsibilities, directors' duties, financial reporting, and compliance requirements. Its goal is to ensure transparency, accountability, and fair business practices, fostering trust and stability in the corporate sector. Overall, it provides a structured legal environment for the creation and steady functioning of companies within the country.