The Institute of Company Secretaries of India (ICSI), functioning under the aegis of the Ministry of Corporate Affairs, here today launched the ‘ICSI Primer on Companies Act 2013’ on its Foundation Day. These ‘Primers’ are a set of 16 videos of around 35 minutes each highlighting various aspects of the new Companies Act 2013. These videos have been uploaded on the website of the ICSI and also on YouTube so that the professionals and the common people, all, can access them freely and learn about some important aspects of the new Company Law that was enacted recently. These videos endeavor to explain the fundamental provisions of law in as simple a language as possible through interactive discussions. Distinguished experts from government, regulators, industry, academia and professionals have participated as panelists and a leading advocate is the anchor in all episodes.
Saturday 5 October 2013
Thursday 12 September 2013
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 the following link. http://www.mca.gov.in/Ministry/pdf/CommencementNotificationOfCA2013.pdf The Gazette Notification of the Companies Act, 2013 can be downloaded by clicking the following link http://egazette.nic.in/WriteReadData/2013/E_27_2013_425.pdf |
Thursday 8 August 2013
Rajya Sabha passes Companies Bill
The Rajya Sabha today passed the Companies Bill.
The Bill was already passed by Lok Sabha in December last year and now only President's nod required to make it a law.
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