First Indian Companies Act providing for the registration of joint state companies

It was based upon the English Companies Act of 1844. In 1857, another Act was passed incorporating the concept of limited liability of members was also

developed on the lines of the English Companies Act of 1855. In 1866, a new comprehensive Companies Act was introduced, repealing all previous Acts,

providing incorporation, regulation and winding up of the companies which resembled the English Companies Act of 1862. The Act remained in force till
1882 when the Act was recast to bring the Indian Companies Act in conformity with the various amendments mad in the English Companies Act till than
time. The Act of 1882 was amended several times in 1887, 1891 and 1910 and again in 1913 a new Companies Act was passed on the lines of the
English Companies Act of 1908. The Act contained 288 sections and 4 schedules. By this Act, the institution of 'private company' was introduced for the
first time. Some minor amendments were effected in 1914,1915,1920,1926,1930 and 1932 and the Actwase.The history of the growth of trading
companies in India runs parallel to the history of growth of companies in India. Similarly, the company legislation in India has largely been based upon the
company legislation in England. The origin of Indian Company Law dates back to 1850, when the first Indian Companies Act providing for the registration of

joint state companies was. passed.