Companies (Amendment) Act , 2019

The Companies (Amendment) Act, 2019 replaces the Companies (Second Amendment) Ordinance, 2019 and also introduces some new changes. Some of the amendments brought in the Ordinance (which took effect from 02.11.2018) were reducing burden on NCLT by transferring powers under Section 2(41) and Section 14 to the Central Government, reducing burden on Special Courts by …

Amendments in CSR provisions – Section 135

MCA has announced the commencement of amendments to CSR provisions with effect from 19th September, 2018. This announcement can be accessed from: http://www.mca.gov.in/Ministry/pdf/CompaniesAmendAct2017_19092018.pdf The following are the major amendments: Changes relating to CSR. CSR provisions shall apply only if the conditions are met during the immediately preceding financial year. Before amendment, read with the Rules, …

Amendments relating to Managerial Remuneration Notified– 12th September, 2018

MCA has at last announced the commencement of the amendments that relax the provisions relating to managerial remuneration. Amendments contained in Sections 66-70 of the Companies (Amendment) Act, 2017 pertaining to Sections 196-198, 200 and 201 of the Principal Act, have been commenced with effect from 12th September, 2018 vide Notification dated 12th September, 2018, …

Amendments relating to Part I company – 15th August, 2018

MCA has notified 15th August, 2018 as the date on which the following amendments brought in by the Companies (Amendment) Act, 2017 shall commence. The Commencement Notification can be accessed from the following link: http://www.mca.gov.in/Ministry/pdf/CommencementNotification0507_06072018.pdf Section in Amendment Act Provisions in the Main Act Brief Particulars of the Amendment Section 75 Section 366  Presently, it is …

Amendments relating to Deposits – 15th August, 2018

MCA has notified 15th August, 2018 as the date on which the following amendments brought in by the Companies (Amendment) Act, 2017 shall commence. The Commencement Notification can be accessed from the following link: http://www.mca.gov.in/Ministry/pdf/CommencementNotification0507_06072018.pdf Section in Amendment Act Provisions in the Main Act Brief Particulars of the Amendment Section 15 Section 73 a.   Amount to …