SECTIONS OF COMPANIES ACT, 2013 STILL WAITING NOTIFICATION

The ministry of Corporate Affairs has notified additional provisions of the Companies Act, 2014 to be effective form 1^st April 2014.

I here list out sections not yet notified as on 26^th day March of 2014:

Clause (23), Sub –clause (iv) of clause 29, sub- clause (ix) of clause (67), Proviso to clause (87), Section 2.

Sub – Section (7) of Section 7 [reason may be Tribunal]

Sub – Section (9) of Section 8 [reason may be Tribunal]

Second Proviso to Subsection (1) and (2) of Section 14 [reason may be Tribunal]

Section 48 Variation of shareholders’ rights

Sub – section (3) of Section 55 [reason may be Tribunal]

Proviso to clause (b) of sub – section (1) of Section 61 [reason may be Tribunal]

Sub – section (4), (5) (6) of Section 62 [reason may be Tribunal]

Section 66 Reduction of share capital

Sub section (9) (10) (11) of Section 71 [reason may be Tribunal]

Section 74 [sub – Section (1) shall be in force] Repayment of deposits, etc., accepted before commencement of this Act

Section 75 Damages for fraud (Public Deposit)

Section 97 – 99 Power of Tribunal related to Meetings

Sub – section (4) of Section 119 [reason may be Tribunal]

Section 124 and 125 unpaid dividend and investor education and protection fund

Section 130 – 132 re-opening or Revision of Accounts, National financial Reporting Authority

Second proviso to sub – section (4) and (5) of Section 140 [reason may be Tribunal]

Sub – section (4) of Section 169 [reason may be Tribunal]

Reference of sub – section (10) of Section 66, sub – section (5) of Section 140, Section 213, Sub – Section (1) of Section 251, sub – section (3) of Section 339 made in  sub – section (6) and also sub – section (8) to (10) of Section 212 [reason is that relevant section has not been applicable]

Section 213 Investigation into company’s affairs

Sub – section (2) of Section 216 [reason may be Tribunal]

Section 218 Protection of employees during investigation

Section 221 and 222 Seizure of documents and Freezing of assets

Sub – section (2) and (5) of Section 224 [reason may be Tribunal]

Section 226 voluntary winding up of company, etc., not to stop investigation proceedings

Section 227 Legal advisers and bankers not to disclose certain information

Section 230 – 365 Chapters for (a) COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS, (b) PREVENTION OF OPPRESSION AND MISMANAGEMENT, (c) REGISTERED VALUERS, (d) REVIVAL AND REHABILITATION OF SICK COMPANIES

Proviso of Section 370 execution against the property or persons of any individual member

Section 372 – 373 Stay related to winding of company authorized to registered under this Act

Section 375- 378 winding up of unregistered companies

Section 391 [Sub – section (1) shall be in force] Prospectus of a foreign company

Reference of word Tribunal in sub – section (2) in Section 399

Section 415 – 438 National Company Law Tribunal and Appellate Tribunal

Section 440, Transitional provisions related to Special Court

Section 441 Compounding of certain offences

Section 465 Repeal of certain enactments and savings

Section 466 Dissolution of Company Law Board and consequential provisions

These Section need Rules which are expected to be notified very soon.