The Ministry of Corporate Affairs has extended by 4 days the last date for accepting suggestions/ comments for the 3rd tranche of Draft Rules being framed under the Companies Act, 2013. Now, such suggestions/ comments can be given till 5^th November 2013. 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. Today was the last date for giving suggestions/ comments for the 2nd tranche of Draft Rules.

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.

Draft rules consultation extended for Companies Act tranche; stakeholders may submit comments on deposits, accounts and investigations. Extension granted for public submissions on the third tranche of draft rules, covering Acceptance of Deposits by Companies, Accounts of Companies (including financial reporting oversight), and Inspection, Inquiry and Investigation, and inviting stakeholder suggestions on scope, procedures and compliance obligations; all draft rules are available on the Ministry website as part of an ongoing multi phase rulemaking process.