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ICAI Announcement (Amendment) for May 2017 – CA Final Students
Applicability of provisions related to Prevention of Oppression and Mis- management covered under section 241 to 245 of the Companies Act, 2013
This is to bring to the notice of the students at the Final level that vide Notification S.O.1934 (E), dated 1st June 2016, the Ministry of Corporate Affairs notified sections 241 to 245 of the Companies Act, 2013 with effect from 1st June 2016. These sections pertain to the provisions relating to Oppression and Mis-management. These notified sections are relevant from May 2017 examination.
For the sake of convenience of the students, all the relevant amendments applicable for May 2017 examination have been compiled in the separate publication “Supplementary Study Paper, on Corporate and Allied Laws” (January 2017 edition). This publication is to be read along with the Study Material of January 2016 edition.
Since the study material of January 2016 edition contains Chapter 8 : Prevention of Oppression and Mis- management based on the old legislation i.e., the Companies Act, 1956, accordingly, this chapter of the study material is not- applicable and should be ignored. The notified corresponding sections of Oppression and Mis- management shall be read from the Supplementary study paper of Corporate and Allied Laws, January 2017 edition.
Board of Studies
ICAI Link for this announcement: http://www.icai.org/new_post.html?post_id=13386