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MCA notifies 98 sections of Companies Act 2013

The Ministry of Company Affairs has initiated the process of implementation of the Companies Act, 2013 which was passed by the Parliament and assented to by the President of India. The first set of draft rules have been notified on 9th September, 2013. The remaining draft rules are also released for public comments. The enforcement of the provisions of the new legislation will be in phases. A notification bringing into effect 98 sections of the new act has been issued by the Ministry of Corporate Affairs on 12th September, 2013. These sections shall come into immediate effect

Chapter I -Preliminary (1 - 2) Chapter II -Incorporation of Company and Matters Incidental Thereto (3 - 22) Chapter III -Prospectus and Allotment of Securities (23 - 42) Chapter IV -Share Capital and Debentures (43 - 72) Chapter VI -Registration of Charges (77 - 87) Chapter VII -Management and Adminstration (88 - 122) Chapter VIII -Declaration and Payment of Dividend (123 - 127) Chapter IX -Accounts of Companies (128 - 138) Chapter XI -Appointment and Qualifications of Directors (149 - 172) Chapter XII -Meetings of Board and its Powers (173 - 195) Chapter XIII -Appointment and Remuneration of Managerial Personnel (196 - 205) Chapter XXII-Companies Incorporated Outside India (379- 393) Chapter XXIII-Government Companies (394 - 395) Chapter XXV-Companies to Furnish Information or Statistics (405) Chapter XXVII-National Company Law Tribunal and Appellate Tribunal (407 - 434) Chapter XXVIII- Special Courts (435 - 446) Chapter XXIX Miscellaneous (447 - 470)
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