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Section applicable of new companies act, 2013

Ajay Mishra (Company Secretary) (74337 Points)

13 September 2013

Dear All,

Congratulation to all...........

The MCA has issued Notification on 12.09.2013 for applicability of 98 section of new Companies Act, 2013.

Please find attached the same..........

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24 Replies

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 13 September 2013

Ajay Ji dont you think part applicability of CA 1956 and part applicability of CA 2013 will be more confusing? Would it not have been better had the entire act been completely replaced after finalization of rules?

3 Like

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Ajay Mishra (Company Secretary) (74337 Points)
Replied 13 September 2013

Totally agree with you Sanjay Ji...

Let's see what happend.....

CA Pallav Singhania (IT System Auditor) (33262 Points)
Replied 13 September 2013

Thank you Ajay Sir for the Update,

All this Notification will be effective from Today...

2 Like

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 13 September 2013

Presentation on List of Effective Section from 12.09.2013

Attached File : 149668 1230213 presentation on list of effective section from 12 09 2013.pdf downloaded: 5161 times

5 Like

shivam (CA) (22 Points)
Replied 13 September 2013

Is new company act applicable for may2014 ipcc exams???

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CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 13 September 2013

Originally posted by : shivam
	Is new company act applicable for may2014 ipcc exams???

Attention: Intermediate (IPC) and Final Course students

Applicability of Companies Act, 2013 for May 2014, Examination

This is to bring to the notice of students that the Companies Act, 2013 passed by the Parliament has received the assent of the President of India on 29th August, 2013. The Companies Act, 2013 has been notified in the Official Gazette on 30th August, 2013 but the provisions of this Act shall come into force on such date(s) as the Central Government may notify in the Official Gazette.

Once, the date of enforcement of the provisions of the Act is notified, 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 Examination.

In any case, it is clarified that the Companies Act, 2013 will NOT be applicable for November 2013 examination.

Director, Board of Studies

See below link: https://icai.org/new_post.html?post_id=9836&c_id=343

2 Like

Sneha (Company Secretary) (1594 Points)
Replied 13 September 2013

Yes, part applicability of CA 1956 and part applicability of CA 2013 is extremely confusing.

Appointment and resignation of directors is applicable from today. Section 161 - The articles of a company may confer on its Board of Directors the power to appoint any person, other than a person who fails to get appointed as a director in a general meeting, as an additional director at any time who shall hold office up to the date of the next annual general meeting.

So the additional director appointment requires members approval. What about appointment of regular director ? Is resignation of director remains same as before ??

3 Like

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 13 September 2013

Thanks Ajay sir for your timely updates

1 Like

Ajay Mishra (Company Secretary) (74337 Points)
Replied 13 September 2013

For ICAI Students........

The Institute will issue notification for applicability of new Companies Act, 2013, because some of the sectiones become effective.

Waiting new Notification from ICAI ..........on this matter.

2 Like

Ajay Mishra (Company Secretary) (74337 Points)
Replied 13 September 2013

Dear All........

With complete detail of sections applicable with this notification is available on below mentioned link:

https://203.124.96.10/PgnotifySection_udit.aspx

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Mrs.n (CS, LL.B ) (407 Points)
Replied 13 September 2013

Dear Ajay Sir,

Your above link was the superb clarifications of all confusions created by MCA.

Indeed it was very very useful.

thanks a lot sir !!

1 Like

manoj (student) (5205 Points)
Replied 13 September 2013

I DONT THINK AT THIS TIME OF JUNCTION ICAI WILL COME WITH NEW NOTIFICATION ON THIS ISSUE

Deepak Gupta (CA Student) (15922 Points)
Replied 13 September 2013

Originally posted by : manoj
	I DONT THINK AT THIS TIME OF JUNCTION ICAI WILL COME WITH NEW NOTIFICATION ON THIS ISSUE

As per information posted by CA. Parveen Sharma on his FB Page, ICAI have arranged a meeting of its members to decide on applicability of Companies Act, 2013 for May 2014 exams. Next update will be coming on 18th Sept, 2013.

https://www.facebook.com/pages/Parveen-Sharma-Eten/488944451181279

1 Like

KRITI MEHTA (ARTICLE) (119 Points)
Replied 13 September 2013

Sir

I have gone through PPT Presentation comparing Companies Bill 2013 And companies Act, 1956. But can someone really clarify me that whether there are a lot of changes between two or just some amendements. Because i have my CA Final exams in May 2014 and my law classes are going on, which are going as per old syllabus. So should i continue them or wait for ICAI notification. Please guide me about the same, in lot of confusion.