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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

Hope the information will assist you in your Professional endeavours. In case of any query / information, please do not hesitate to write back to us @pcschinki@gmail.com.

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