Effectiveness of The Company Law Rules.

 
Bombay High Court has made certain observation on The Companies Rules ,2014 introduced by Ministry of Corporate Affairs during recent case  of Godrej Industries Limited and passed his judgment on the case in which high court had doubted on the "effectiveness" of Rules Notified in para 23. and said that , As many MCA rules are not available, they are not binding upto the time these rules are gazette, or till the time some provision are made for the dispensation of official gazette notification, none of the rules in the Ministry of Corporate Affairs PDF document that are not yet gazette can be said to be in force.”
 
"23. A final word about the manner in which these rules and sections are purportedly being brought into force. The website of the Ministry of Corporate Affairs has, on its front page, a link to a single scanned PDF file entitled “COMPANIES ACT 2013 - STATEMENT OF NOTIFICATION OF RULES”. Some 21 rules are listed. They are all said to be effective 1st April 2014. Several of these are not yet gazetted; at least I have not been able to find any gazette. I do not see how any such rules can be made effective on this basis where a ministry simply puts up some scanned document under the signature of one of its officers but sans any publication in the official gazette. That publication is not an idle formality. It has a well-established legal purpose. That purpose is not and cannot be achieved in this ad-hoc manner. Therefore, till such time as these rules are gazetted, or there is some provision made for the dispensation of official gazette notification, none of the rules in the Ministry of Corporate Affairs PDF document that are not yet gazetted can be said to be in force."

To read the complete judgement Click Here.