MCA vide Circular No. 9/2019 on Wednesday, 21^st August, 2019 has sought clarification under section 232(6) of the Companies Act, 2013 regarding two matters which are as follows:

1. Whether it is mandatory to indicate a specific calendar date as ‘appointed date’ in the schemes referred to in the section and;
2. Whether the acquisition date’ for the purpose of Ind-AS 103 (Business combinations) would be the ‘appointed date’ referred to in section 232(6).

The said Circular can be accessed through the following link:MCACir_9_21082019_ Clarification_232(6)_Co Act, 2013