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MCA notifies 43 more sections of Companies Amendment Act, 2017



Ministry of Corporate Affairs (MCA) vide its notification dated May 07, 2018 has notified 28 sections w.e.f. May 7, 2018.


To access notification click on link below:
http://mca.gov.in/Ministry/pdf/CompaniesAmendmentNoti_07052018.pdf


Sr. No.

Section of Companies Amendment Act, 2017

Section of Companies Act, 2013

Section Heading

1

Section 2 Clause (i) and (xiii)

Section 2

Definitions

2

Section 8

Section 26

Matter to be stated in Prospectus

3

Section 13

Section 54

Issue of Sweat Equity Shares

4

Section 18

Section 77

Duty to Register charge etc

5

Section 19

Section 78

Application for registration of charge

6

Section 21 Clause (i) (ii)

Section 89

Declaration in respect of beneficial interest in any share

7

Section 23 clause (iii) & (iv)

Section 92

Annual Return

8

Section 30

Section 117

Resolution and agreements to be filed

9

Section 31

Section 121

Report on Annual General Meeting

10

Section 33

Section 129

Financial Statement

11

Section 39

Section 137

Copy of financial statement to be filed with Registrar

12

Section 40

Section 139

Appointment of Auditors

13

Section 46

Section 149

Company to have Board of Directors

14

Section 49

Section 157

Company to inform Director identification Number to Registrar

15

Section 52

Section 164

Disqualifications for appointment of Director

16

Section 54

Section 167

Vacation of office of Director

17

Section 55

Section 168

Resignation of Director

18

Section 56

Section 173

Meeting of Board

19

Section 57

Section 177

Audit Committee

20

Section 58

Section 178

Nomination and Remuneration Committee and Stakeholders Relationship Committee

21

Section 61

Section 185

Loan to Directors

22

Section 62

Section 186

Loan and investment by Company

23

Section 80 Clause (i) (ii)

Section 403

Fee for Filing etc

24

Section 83

Section 410

Constitution of Appellate Tribunal

25

Section 86

Section 435

Establishment of Special Courts

26

Section 87

Section 438

Application of code of proceedings before special court

27

Section 88

Section 439

Offences to be non-cognizable

28

Section 89

Section 440

Transitional provisions


With this commencement notification, total 70 sections are notified under Companies Amendment 2017 and 23 sections are still remaining to be notified. 


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Company Secretary

A Company Secretary since 2008 having worked at various conglomerates now managing the consultancy firm namely, JMJA Associates LLP. LinkedIn/Twitter: @ fcsjigarshah

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