In reference to Commencement notification dated May 07, 2018, June 13, 2018, June 21, 2018, July 05, 2018, July 27, 2018, July 31, 2018 and August 07, 2018 the Ministry of Corporate Affairs has notified the following Sections of the Companies (Amendment) Act, 2017:
|
# |
Section of Companies Amendment Act, 2017 |
Amended Sections of Companies Act, 2013 |
Particulars |
Effective Date |
|
1 |
Clause (i) and clause (xiii) of section 2; |
2(6) |
Definitions |
May 07, 2018 |
|
2 |
Section 5 |
Section 7 |
Incorporation of Company |
July 27, 2018 |
|
3 |
Section 6 |
Section 12 |
Registered office of Company |
July 27, 2018 |
|
4 |
Section 8; |
Section 26 |
Matters to be stated in prospectus |
May 07, 2018 |
|
5 |
Section 10 |
Section 42 |
Issue of shares on Private Placement basis |
August 07, 2018 |
|
6 |
Section 13; |
Section 54 |
Issue of sweat equity shares |
May 07, 2018 |
|
7 |
Section 15 |
Section 73 |
Prohibition on acceptance of deposits from public |
August 15, 2018 |
|
8 |
Section 16 |
Section 74 |
Repayment of deposits etc. Accepted before the commencement of this Act |
August 15, 2018 |
|
9 |
Sections 18 |
Section 77 |
Duty to Register of charges, etc. and |
May 07, 2018 |
|
10 |
Section 19 |
78 |
Application for Registration of charge |
May 07, 2018 |
|
11 |
Section 20 |
Section 82 |
Company to report satisfaction of charge |
July 05, 2018 |
|
12 |
Clauses (i) and (ii) of section 21; |
Section 89 |
Declaration in respect of Beneficial Interest in any share |
May 07, 2018 |
|
13 |
Clauses (iii) of section 21 |
Section 89(10) |
Declaration in respect of Beneficial Interest in any share |
June 13, 2018 |
|
14 |
Section 22 |
Section 90 |
Register of Significant beneficial Owners in a Company |
June 13, 2018 |
|
15 |
Clauses (iii) and (iv) of section 23; |
Section 92 |
Annual return |
May 07, 2018 |
|
16 |
Section 24 |
Section 93 |
Return to be filed with Registrar in case of promoter stake changes |
June 13, 2018 |
|
17 |
Section 25 |
Section 94 |
Place of keeping and inspection of registers and returns etc. |
June 13, 2018 |
|
18 |
Section 26 |
Section 96 |
Annual General Meeting |
June 13, 2018 |
|
19 |
Section 30 |
Section 117 |
Resolutions and Agreements to be filed |
May 07, 2018 |
|
20 |
Section 31 |
121 |
Report on Annual General meeting |
May 07, 2018 |
|
21 |
Section 33; |
129 |
Financial Statement |
May 07, 2018 |
|
22 |
Section 36 |
Section 134 |
Financial Statement, Board’s Report |
July 31, 2018 |
|
23 |
Section 39 |
137 |
Copy of financial statement to be filed with registrar |
May 07, 2018 |
|
24 |
Section 40 |
139 |
Appointment of Auditors |
May 07, 2018 |
|
25 |
Section 46; |
149 |
Company to have Board of Directors |
May 07, 2018 |
|
26 |
Section 49; |
157 |
Company to inform DIN to registrar |
May 07, 2018 |
|
27 |
Section 52; |
164 |
Disqualification for appointment of Directors |
May 07, 2018 |
|
28 |
Section 54 |
167 |
Vacation of office of Directors |
May 07, 2018 |
|
29 |
Section 55 |
168 |
Resignation of Director |
May 07, 2018 |
|
30 |
Section 56 |
173 |
Meetings of Board |
May 07, 2018 |
|
31 |
Section 57 |
177 |
Audit Committee |
May 07, 2018 |
|
32 |
Section 58 |
178 |
Nomination and Remuneration Committee and Stakeholders Relationship committee |
May 07, 2018 |
|
33 |
Section 61 |
185 |
Loan to Directors, etc. |
May 07, 2018 |
|
34 |
Section 62 |
186 |
Loan and Investment by company |
May 07, 2018 |
|
35 |
Section 71 |
Section 216 |
Investigation of ownership of Company |
June 13, 2018 |
|
36 |
Section 75 |
Section 366 |
Companies capable of being registered |
August 15, 2018 |
|
37 |
Section 76 |
Section 374 |
Obligations of companies registering under this part |
August 15, 2018 |
|
38 |
First Proviso to clause (i) of section 80 a |
403 |
Fee for filing etc. |
May 07, 2018 |
|
39 |
Section 83 |
410 |
Constitution of appellate tribunal |
May 07, 2018 |
|
40 |
Section 86 |
435 |
Establishments of special courts |
May 07, 2018 |
|
41 |
Section 87 |
438 |
Application of code to proceedings before special court |
May 07, 2018 |
|
42 |
Section 88 |
439 |
Offences to be non-cognizable |
May 07, 2018 |
|
43 |
Section 89 |
440 |
Transitional Provisions |
May 07, 2018 |
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