Applicability of new company bill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2013
sir my attempt is May 2014
what is the chances of applicability of new company bill on my attempt.
I should study directors now or wait for the notification of ICAI till Oct,2013
what is the chances of applicability of new company bill on my attempt.
I should study directors now or wait for the notification of ICAI till Oct,2013
02 September 2013
Wait till sep ends as icai will soon make an annuncement and i think icai will make it applicable for may 14 as the act had been passed before 6 months of may 14 exam i.e by 30.10.2013 so it will be applicable.
02 September 2013
See the announcement from below link--
http://icai.org/new_post.html?post_id=9836&c_id=343
http://icai.org/new_post.html?post_id=9836&c_id=343
02 September 2013
The above link is older one of 22.8.2013 before the bill became act.
So wait for few days icai will come out with notification about the status of its applicability.
So wait for few days icai will come out with notification about the status of its applicability.
02 September 2013
The Link also states that "the decision regarding the applicability of the Companies Act, 2013 for CA Examination would be taken and informed to the students well in time before the May, 2014 Examination."
Notification in official Gazzete is yet to come. Besides rules are not in place as yet. Without rules Companies Act 2013 is incomplete in itself. Draft Rules are expected to come out in public domain shortyly for the opinion and feedback. So it is still a long process. It is highly unlikely that it will come into force before 01.04.2014. Therefore even if Companies ACt 2013 will be included for May 2014 exams it will be highlights only and not the entire Act.
So stay relaxed and wait for official word from ICAI. Keep checking BOS Announcement @ ICAI.
Notification in official Gazzete is yet to come. Besides rules are not in place as yet. Without rules Companies Act 2013 is incomplete in itself. Draft Rules are expected to come out in public domain shortyly for the opinion and feedback. So it is still a long process. It is highly unlikely that it will come into force before 01.04.2014. Therefore even if Companies ACt 2013 will be included for May 2014 exams it will be highlights only and not the entire Act.
So stay relaxed and wait for official word from ICAI. Keep checking BOS Announcement @ ICAI.
02 September 2013
Even if not notified by gazette but being a professional ICAI will surely make it applicable for may 14 as the exam is in june 2014 due to all over elections in india and moreover there will be hardly any changes that may be made after it received the presidents assent in this regard so its better you keep a track on icai's notification which within this week or by sep they will announce.
02 September 2013
In Acts many places it is mentioned "As may be prescribed" so untill these are prescribed throught rules i dont think ICAI will make entire Act part of the Exams in May 2014 or i shoudl say it should not. Though Highlights may be made part of the Exams in May 2014 following the footsteps of ICSI.
02 September 2013
Barring those "As may be prescribed" provisions which are more coneptual and more clearifying icai will always like to ask new and updated law for making new members updated of co law that is why many candidates couldnt get exemption in law in may 2013 even when they should have got and the paper of law in ca is become more tougher as and when attempt is passing by....this all indicates that icai wants to make new members pass through new compnaies act 2013 so that when they are out after passing CA they are well versed with new provisions.
02 September 2013
ICAI can not replace a complete set of Companies Act with an Incomeplete Set of Companies Act. Regarding updating Highlights of C.A. 2013 in Addition to C.A. 1956 will suffice. More so as it is not yet clear that from which date C.A. 2013 will become Applicable. It can not become applicable before the rules are in place.
02 September 2013
Agree with Sanjay Sir
19 November 2013
new company acy not applicable for may 2014 exams
icai clarified recently that new companies act 2013 is not applicable for may 2014 exams for ca final and ipcc levels
.
.
icai not yet announced any thing about its applicability for november attempt..may announce shortly
.
http://icai.org/new_post.html?post_id=10052&c_id=219
icai clarified recently that new companies act 2013 is not applicable for may 2014 exams for ca final and ipcc levels
.
.
icai not yet announced any thing about its applicability for november attempt..may announce shortly
.
http://icai.org/new_post.html?post_id=10052&c_id=219
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