Companies (Accounts) Second Amendment Rules, 2021

Last updated: 02 April 2021

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The Ministry of Corporate Affairs has issued the Companies (Accounts) Second Amendment Rules, 2021, effective from 1st April 2021. These rules amend the Companies (Accounts) Rules, 2014. Specifically, a proviso within sub-rule (1) of rule 3 has been updated, changing the date from 1st April 2021 to 1st April 2022.

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 1st April, 2021

G.S. R. 247 (E).- In exercise of the powers conferred by section 134 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:-

(1) These rules may be called the Companies (Accounts) Second Amendment Rules, 2021.

(2) They shall come into force with effect from the 1^stday of April, 2021.

2. In the Companies (Accounts) Rules, 2014, in proviso to sub-rule (1) of rule 3, for the figures, letters and words “1st day of April, 2021”, the figures, letters and words “1st day of April, 2022” shall be substituted.

[F. No. 1/19/2013-CL-V-Part III]

K. V. R. Murty

Joint Secretary to the Government of India

Note: The principal rules were published in the Gazette of India vide notification number G.S.R. 239(E), dated 31^st March, 2014 and were last amended vide notification number G.S.R. 205(E), dated the 24th March, 2021.

FAQ :

These are new rules made by the Central Government to further amend the Companies (Accounts) Rules, 2014, under the powers granted by the Companies Act, 2013.

The Companies (Accounts) Second Amendment Rules, 2021, come into force from the 1st day of April, 2021.

The rules substitute the date '1st day of April, 2021' with '1st day of April, 2022' in the proviso to sub-rule (1) of rule 3 of the Companies (Accounts) Rules, 2014.

The Companies (Accounts) Rules, 2014, are being amended by these second amendment rules of 2021.

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Notification No : F. No. 1/19/2013-CL-V-Part III
Published in Corporate Law
Source : http://www.mca.gov.in/Ministry/pdf/AccountsAmendmentRules_01042021.pdf

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