The Ministry of Corporate Affairs (MCA) has been issuing various amendments and clarifications to the Companies Act, 2013 (2013 Act) and to the corresponding Rules to remove practical challenges faced by companies while implementing certain provisions of the 2013 Act. Recently, the MCA amended the Companies (Accounts) Rules, 2014 (Rules) and Schedule III to the 2013 Act.
Amendments to the above Rules and Schedule III to the 2013 Act will come into force from the date of publication in the Official Gazette. This issue of First Notes summarises the important aspects arising from the amended Rules and Schedule III to the 2013 Act.
For a copy of the notification on the amendment in Companies (Accounts) Rules, 2014, please click here.
For a copy of the notification of amendment in Schedule III to the 2013 Act, please click here.
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