Mca alert

Co Act 2013 1501 views 2 replies
Substantial Portion of the Companies Act, 2103 to come into force on 1st April, 2014
MCA Notifies Provisions of 196 Sections & 6 Schedules; Rules yet to be notified
283 Sections, all the 7 Schedules and CSR Rules Notified till date
 
The Companies Act, 2013, passed by the Parliament, received the assent of the President of India on 29th August, 2013 and was published in the Gazette of India on 30th August, 2013.
 
Some of the provisions of the Companies Act, 2013 (the Act) have been implemented by a notification published on 12th September, 2013 whereby MCA appointed 12th September, 2013 as the date on which provisions of 98 Sections (includes partly notified Sections) of the Act came into force. The Notification dated 12th September, 2013 is available at the following link:
 
MCA, on 27th February, 2014, notified Section 135, Schedule VII and CSR Rules which shall come into force on 1st April, 2014. These three Notifications are available at the following link:
 
Now, vide Notification dated 26th March, 2014, MCA has appointed 1st April, 2014 as the date on which provisions of 196 Sections (includes remaining provisions of Sections notified on 12th September, 2013) and 6 Schedules (Schedules I to VI) of the Act shall come into force. The Notification dated 26th March, 2014 is available at the following link:
 
With the above Notifications, as on 26th March, 2014, all the Schedules (Schedules I to VII) and 283 Sections of the Act stand notified and 187 Sections are yet to be notified. Rules under the Companies Act, 2013 except CSR Rules are yet to be notified.
 
Major Sections which are yet to be notified include Sections under the following Chapters of the Act:
 
Chapter XV: Compromises, Arrangements and Amalgamations
Chapter XVI: Prevention of Oppression and Mismanagement
Chapter XVII: Registered Valuers
Chapter XVIII: Removal of Names of Companies from the Register of Companies
Chapter XIX: Revival and Rehabilitation of Sick Companies
Chapter XX: Winding Up
Chapter XXVII: NCLT and NCLAT
Chapter XXVIII: Special Courts &
Section 125: Investor Education and Protection Fund
Section 132: Constitution of National Financial Reporting Authority
Replies (2)
Thanks for the update sir.
 
MCA Notifies Rules (10 Chapters) and Issues Removal of Difficulties Order
 
MCA, after notifying substantial portion of the Companies Act, 2013, has notified following Rules in respect of 10 Chapters under the Companies Act, 2013 and has also issued Companies 2nd (Removal of Difficulties) Order, 2014:
 
Chapter I: Companies (Specification of definition details) Rules, 2014
 
Chapter II: Companies (Incorporation) Rules, 2014
 
Chapter III: Companies (Prospectus and allotment of securities) Rules, 2014
 
Chapter IV: Companies (Share Capital and Debentures) Rules, 2014
 
Chapter VI: Companies (Registration of Charges) Rules, 2014
 
Chapter VII: Companies (Management and Administration) Rules, 2014
 
Chapter VIII: Companies (Declaration and Payment of Dividend) Rules, 2014
 
Chapter IX: Companies (Accounts) Rules, 2014
 
Chapter XI: Companies (Appointment and Qualification of Directors) Rules, 2014
 
Chapter XII: Companies (Meetings of Board and its Powers) Rules, 2014
 
Companies 2nd (Removal of Difficulties) Order, 2014
 
Nomenclature of various forms prescribed under the provisions of Companies Act, 2013 being notified


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