CA 2013 – Notification of significant sections & all schedules wef 01.04.2014

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183 sections and 13 sub-sections of the already notified sections and all the Schedules of the Companies Act 2013 have been notified by MCA on 26^th March, 2014 and made applicable from 01.04.2014.

The Ministry of Corporate Affairs has started implementation of the Companies Act 2013, in a phased manner. In the process, MCA has notified vide notification dated 26.03.2014,  183 sections of Companies Act,2013 which are effective from 1st April 2014. MCA has earlier notified 98 Section of the Companies Act, 2013 vide its notification dated 12^th September 2013. MCA has also notified vide its Notification dated 27 Feb 2014 Section 135 of the Companies Act,2013 alongwith Schedule VII of the Companies Act and Rules related to Corporate Social Responsibility (CSR) to come into effect from 01.04.2014.

In addition to that 183 sections and 13 sub-sections of the already notified sections and rest of the schedules of the Companies Act, 2013 have been notified by the Ministry of Corporate Affairs (MCA) on 26^th March, 2014 and are made applicable from 1^st April, 2014.

Further, we would like to mention here that under Chapter IX (Accounts of Companies), Section 130 (Re-opening of Accounts on Court’s or Tribunal’s order), Section 131 (Voluntary Revision of financial statements or Board’s Report) and Section 132 (Constitution of NFRA) have not been notified till date. Also Section 245 (Class Action Suits) has not been notified now by MCA.

With Notification dated 26.03.2014 MCA has till dated notified 282 section of the Companies Act out of total 470 Acts of the Companies Act, 2013.