OBJECTIVES OF COMPANIES ACT 2013
- To protect the interests of investors by drafting accurate information in the prospectus.
- To promote corporate social activities undertaken by the companies.
- To promote the use of technology by making mandatory maintenance of books of accounts in electronic form.
- To ensure full disclosure of affairs of the companies in their published annual accounts.
- To enhance the economy the company by encouraging entrepreneurship.
- To curtail insider trading activities.
- To prevent malpractices on the part of company’s management.
- To protect the rights of investors and creditors of the company.
- To enforce proper performance of duties by the people responsible for the management of companies.
- To enhance the economy of the country by enhancing entrepreneurship.
- To Promote the transparency and high standards of corporate governance.
- To improve the corporate laws standard of our country to global standards.
- To facilitates ease of doing business.
