Suggestions Invited for the 3rd Tranche of Draft Rules Under the Companies Act 2013 This Phase Covers the National Financial Reporting Authority

The Ministry of Corporate Affairs has invited suggestions/ comments for the 3rd tranche of Draft Rules being framed under the Companies Act, 2013. November 1, 2013 has been fixed as the last date for submission of suggestions/ comments. 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.

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.