The Ministry of Corporate Affairs today issued a notification
that brings into effect several provisions of the Companies Act, 2013 with effect
from April 1, 2014. These include several substantive provisions that would
affect the manner in which companies are managed.
that brings into effect several provisions of the Companies Act, 2013 with effect
from April 1, 2014. These include several substantive provisions that would
affect the manner in which companies are managed.
A
quick review of the notification suggests that the key provisions yet to be
brought into force involve the National Company Law Tribunal (NCLT) that is yet
to be established. This is because the provisions of the Act relating to NCLT
have been challenged before the Supreme Court.