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The recently enacted Companies Act, 2013 ('the Act') is a landmark legislation with far-reaching consequences on all companies incorporated in India. A part of the Act had already become effective with the notification of 98 sections in September 2013. Further on 26 March 2014, the MCA has notified most of the remaining sections. These sections have been notified to come into effect from 1 April 2014. The MCA has also published the several chapters of the related rules, and the remaining rules in respect of the notified sections are expected to be released by 31 March 2014. This is a landmark legislation that will have a wide ranging impact on corporate India.
KPMG in India has organized a Webinar on Tuesday, 1 April 2014 between 3 – 5 PM. This will be a good opportunity to get a better understanding of the Act, the implications and the likely steps that companies will be required to take to address the new requirements and standards.