Corporate Updates 08 March 2014


The Ministry is in the process of finalising the rules for various provisions of Companies Act, 2013 that replaces the way corporates are governed in the country. Rules for certain provisions, including that for Corporate Social Responsibility (CSR) spending, have already been notified by the Ministry. As the Election Commission of India announced the schedule for the Lok Sabha elections, the Model Code of Conduct has come into force, the Corporate Affairs Ministry will intimate the Election Commission before notifying any rules for the remaining provisions of the new companies law.


The Finance Act, 2014 has received the assecnt of the President on 4th March, 2014 and the same has also been notified & published in the Official Gazette of India on 5th March, 2014. The Finance Act, 2014 shall come into force w.e.f 01-04-2014.

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