The Ministry of Corporate Affairs has notified 183 new sections of the Companies Act 2013 and some sub- sections of 13 sections which were already notified by notification dated 12th September 2013 and remaining schedule, by way of notification dated 26th March 2014. These sections have been notified to come into effect from 1st April 2014. With the notification of these sections, now a total of 283 sections of the new Act stand notified. With the notification of aforesaid sections, it can be assumed that relevant rules will also be notified shortly as most of them are dependent on rules. The sections remaining to be notified are related to National Financial Reporting Investor and Education Protection Compromise and arrangement, oppression and mismanagement, winding up, sick companies, special courts, national company law tribunal. Majority of these sections are not notified due to pending case in Supreme court with respect to the National Company Law Tribunal.
Posted on: Wed, 26 Mar 2014 18:05:45 +0000
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