ABSTRACT
The Companies Act, 1956, has been replaced with the new Companies Act, 2013, which purports to be a largely self-containing code with the integration of provisions for the reconstruction of sick industrial companies into the main company legislation. The mergers and acquisition provisions have also been revamped along with the introduction and recent notifications of the corporate social responsibility norms. These changes may or may not be the most optimal when seen from a behavioural perspective. Such enquiry is imperative.
