Companies Act 2013 has been enacted only last year and so far a little more than half of its provisions have come into force. Matters arising from the operation of provisions already brought in force are getting attention of Government in the form of issue of circulars, suitable statutory orders and amendments in Rules to remove doubts or practical difficulties; amendments in the Act would be considered in case the above measures prove insufficient.

This was stated by Smt. Nirmala Sitharaman, MoS in the Ministry of Corporate Affairs in written reply to a question in the Rajya Sabha today.

Partial commencement of company law prompts use of circulars, orders and Rule amendments before legislative changes are considered. Partial commencement of the Companies Act 2013 has left only some provisions in force, producing operational difficulties that the Government proposes to address through circulars, statutory orders and amendments to Rules; formal amendments to the Act will be considered only if these measures prove insufficient.