3RD TRANCHE OF DRAFT COMPANIES RULES

3rd TRANCHE OF DRAFT RULES ON DEPOSIT, SFIO AND NATIONAL FINANCIAL REGULATORY AUTHORITY HAS BEEN POSTED ON THE WEBSITE FOR SUGGESTIONS/COMMENTS. LAST DATE FOR SUBMITTING SUGGESTIONS/ COMMENTS IS 05/11/2013

The MCA has extended by 4 days the last date for accepting suggestions/ comments for the 3rd tranche of Draft Rules being framed under the Companies Act, 2013. Now, such suggestions/ comments can be given till 5th November 2013. In this phase, following 3 Chapters have been covered: 

1. Chapter V - Acceptance of Deposits by Companies 
2. Chapter IX - Accounts of Companies (National Financial Reporting Authority (NFRA) 
3. Chapter XIV - Inspection, Inquiry and Investigation 

The Ministry has already invited suggestions/ comments for the first and second tranche of Draft Rules being framed under the Companies Act, 2013. Under the first tranche of Draft Rules, 16 Chapters had been covered and under the 2nd tranche, nine chapters have been covered. Today was the last date for giving suggestions/ comments for the 2nd tranche of Draft Rules. 

All the Draft Rules put out for public comments, as also the Companies Act, are available on the website of the Ministry of Corporate Affairs. 

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MCA issues Notification for Commencement of 98 Sections of the New Act

Ministry of Corporate Affairs issues Notification for Commencement of 98 Sections of the New Act

The Companies Act, 2013 as passed by the Parliament and assented to by the President of India is available on the Ministry of Corporate Affairs’ website at www.mca.gov.in. The Ministry has initiated the process to implement the new Act in consultation with concerned regulatory authorities, Ministry of Law & Justice and other stakeholders. The first set of draft rules has also been placed on the Ministry’s website on 9th September, 2013. The relevant Forms under such rules and remaining draft rules/forms are also being released for public comments shortly. It has therefore been decided to enforce the provisions of the new legislation in phases. The provisions of the new Act which require statutory/regulatory consultation or functioning of new bodies or prescription of relevant rules/forms will be brought in force after the preparatory action is completed. In the first instance it has been decided to notify those provisions of the Act which do not require such preparations. Accordingly, a notification for commencement of 98 sections of the new Act has been issued by the Ministry today i.e. 12th September, 2013. The details of provisions brought in effect are available on the web-site of the Ministry of Corporate Affairs or by clicking Here The Gazette Notification of the Companies Act, 2013 can be downloaded by clicking Here Get Sudycafe's Updates by SMS in your mobile by Following below two Steps:  1. Download our SmartPhone Application &  2. Send a SMS, Type: JOIN CASTUDYCAFE & send to 9219592195

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MCA Releases the draft rules for the New Companies Act, 2013 and invite suggestions

The draft Rules for following 16 chapters under the Companies Act 2013 is made live for public comments in 1st phase. The last date of receiving comments on these rules is 08/10/2013:

Chapter I - Preliminary Chapter II - Incorporation of Company and Matters Incidental Thereto Chapter VI - Registration of Charges Chapter VIII - Declaration and Payment of Dividend Chapter IX - Accounts of Companies Chapter X - Audit and Auditors Chapter XI - Appointment and Qualification of Directors Chapter XII - Meeting of Board and its Powers Chapter XVI - Prevention of Oppression and Mismanagement Chapter XVIII - Removal of Name of Companies from the Register of Companies Chapter XIX - Revival and Rehabilitation of Sick Companies Chapter XXII - Companies Incorporated Outside India Chapter XXIV - Registration Offices and Fees Chapter XXVI - Nidhi Chapter XXVII - National Company Law Tribunal and Appellate Tribunal Chapter XXIX - Miscellaneous

Stakeholders are requested to use this platform for providing their suggestions and comments on the draft rules.

To download advertisement published in newspapers and draft rules (1^st phase) under Companies Act, 2013 Click Here

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