<h1>Ministry of Corporate Affairs Implements 98 Sections of Companies Act 2013; Public Consultations and Draft Rules Underway.</h1> The Ministry of Corporate Affairs has announced the commencement of 98 sections of the Companies Act, 2013, following its passage by Parliament and presidential assent. The implementation process involves consultations with regulatory authorities and stakeholders. Draft rules have been published for public comment, with further rules and forms to be released soon. The Act's provisions will be enforced in phases, prioritizing those not requiring additional preparations. The notification for these sections was issued on September 12, 2013, with details available on the Ministry's website.