Date Extended for Giving Suggestions on the 3rd Tranche of Draft Rules Being Framed under the Companies Act 2013

The Ministry of Corporate Affairs has extended by 4 days the last date for accepting suggestions/ comments for the 3rd tranche of Draft Rules being framed under the Companies Act, 2013. Now, such suggestions/ comments can be given till 5^th November 2013. In this phase, following 3 Chapters have been covered:

1. Chapter V - Acceptance of Deposits by Companies

2. Chapter IX - Accounts of Companies (National Financial Reporting Authority (NFRA)

3. Chapter XIV - Inspection, Inquiry and Investigation

The Ministry has already invited suggestions/ comments for the first and second tranche of Draft Rules being framed under the Companies Act, 2013. Under the first tranche of Draft Rules, 16 Chapters had been covered and under the 2nd tranche, nine chapters have been covered. Today was the last date for giving suggestions/ comments for the 2nd tranche of Draft Rules.

All the Draft Rules put out for public comments, as also the Companies Act, are available on the website of the Ministry of Corporate Affairs.