Suspense over Notification on Exemption to Pvt Ltd Company from Companies Act 2013

1) I had spoken with the officer of the Lok Sabha & Rajya Sabha. As per Verbal Communication with them 30 Days mentioned in the Section 462 of the companies Act, 2013 means 30 Sitting days for parliament and 30 Sitting Days has not been completed from the date when notification tabled in the parliament i.e. 14th July. In such Situation notification will carried forward to next session of Parliament. As per the Officer, If the Law Ministry gives some clarification on the issue they can implement that also.

2) As per verbal communication with MCA Officer 30 days has been completed and there is not requirement of sitting days as per section 462.

3) MCA is sending a letter to the parliament on this issue. However this will not sufficient.

4) I appeal to business and other Associations to contact MCA ministers and Law Ministry to short out this issue.

"Team" CA.Nitesh  More