Monday, September 16, 2013

"Companies Act 2013, Notified in the Official Gazette of India"



After being approved by Parliament last month and receiving assent from Hon'ble President , the new laws have been now Gazetted."It has now been published in the Gazette of India, Extraordinary, Part-II, Section-1, dated the 30th August 2013 as Act No. 18 of 2013,"

The official confirmation is now available, the Gazette notification, which also carries the legislation as enacted, indicates that the Presidential assent was received on August 29, 2013.

At present, while the law has been enacted in its entirety, it is yet capable of implementation as the substantive sections of the Act are still to be notified and implemented. Only section 1 of the Act has come into effect, and section 1(3) provides:

This section shall come into force at one and the remaining provisions of this Act shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act and any reference in any provision to the commencement of the Act shall be construed as a reference to the coming into force of that provision.


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