Friday, 28 March 2014

MCA notifies new Companies Act 2013

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 September 12, 2013 and remaining schedule, in the fourth phase today effect from April 01, 2014. Now a total of 283 Sections of the new Act stand notified.some of them are related to:

INCORPORATION DEBENTURES (71) DEPOSITS (73) MEETING DISCLOSURE OF INTEREST SCHEDULE I TO VI and More

The Sections remaining to be notified are related to National Financial Reporting Authority, Investor and Education Protection Fund, 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.

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