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Whether company act , 2013 is applicable ?

HARISH BANSAL (student) (229 Points)

14 June 2014

Dear Users,

Pls let me know from which F.Y. , the new Co Act , 2013 is applicable ?

Regards,

Harish Bansal

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8 Replies

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 14 June 2014

it is applicable from current FY, i.e. 2014-15

Sumeet Bhardwaj (Student) (21 Points)
Replied 15 June 2014

i am appearing for cs executive exams in december 2014. does that mean i have to study companies act 2013?

HARISH BANSAL (student) (229 Points)
Replied 15 June 2014

Dear Tribhuvan Aditya Singh,

Pls refer the provision, where it is written that the Co Act, 2013 is applicable from F.Y. 2014-15.

CS GK Murty (Company Secretary) (225 Points)
Replied 15 June 2014

Unlike Old Cos. Act, New CA 2013, containing 470 sections, though enacted with the assent of President on 29.08.2013, in a phase wise it is being enforced. For info, 1st phase 98 sections notifed to be effective from 29.08.2013, 2nd phase 183 sections were notified on 31.03.2014 to be effective from 01.04.2014. Now it's your turn to check which section has been notifed and which is yet to be notifed.

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JALPA (Student CA Final ) (22 Points)
Replied 16 June 2014

DEAR SIR,

I AM APPEARING IN CA FINAL EXAM NOV.14. NEW COM.ACT 2013 WILL APPLICABLE IN NOV.14?

vydehi (student) (35 Points)
Replied 16 June 2014

98 notified sections of Companies Act 2013 are applicable for November 2014 attempt. These sections are given in our board book.

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 16 June 2014

@ jalpa.... yes new companies act is applicable for nov 14 exams. 98 sections that were notified in sept last yr will be applicable for your nov 14 exams.

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 16 June 2014

Applicability of notified sections of the Companies Act, 2013 for November 2014 Exam

The Central Government has notified 98 sections of the Companies Act, 2013 on 12th September, 2013.

Accordingly those 98 notified sections are applicable for November 2014 examinations corresponding to their bifurcation into the Intermediate (IPC) and Final Course(s), i.e. from these 98 sections, 53 sections have been included in the Paper–2, Business Laws, Ethics and Communication, Intermediate (IPC) Course, and 45 have been included in the Paper-4, Corporate and Allied Laws, Final Course.

Download ICAI Notification in this regard from the link below:

https://220.227.161.86/32800bos-announ15mar14.pdf

ICAI another Announcement-

https://220.227.161.86/33530bos23144nov14.pdf

"It is also clarified that along with the applicable sections of the Companies Act, 2013, the remaining provisions of the Companies Act, 1956, if any, would continue to apply for November 2014 examinations."

Thanks

Ankur