MCA:Central Government hereby appoints 9th September 2016 as the date on which the provisions of the below mentioned Act comes into force:
9 September 2016

In exercise of the powers conferred by section 1(3) of the Companies Act, 2013(18 of 2013) , the Central Government hereby appoints 9th September, 2016 as the date on which the provisions of section 227 [deals with ‘Legal advisers and bankers not to disclose certain informations’], section 241(1)(b), 242(2)(c), 242(2)(g) [dealing with ‘Powers of Tribunal’], section 246 [deals with ‘Application of certain provisions to proceeding u/s 241 or 245’] and sections 337 to 341 [dealing with ‘Penalty for frauds by officers’, ‘Liability where proper accounts are not kept’, ‘Liability for fraudulent conduct of business’, ‘Power of Tribunal to assess damages against delinquent directors, etc.’, ‘Liability u/s 339 to 340 to extend to partners or directors in firms or companies’ respectively] (to the extent of their applicability for section 246), of the said Act shall come into force. Notification No.- A-45011/14/2016/-Ad-IV MANU/DCAF/0116/2016

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