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ANNOUNCEMENT

Sub: Commencement notification of certain provisions of Companies (Amendment) Act, 2020 w.e.f. 22nd January, 2021

ICAI announces commencement notification of certain provisions of Companies (Amendment) Act, 2020

This is to inform you that Central Government has appointed the 22nd day of January 2021 as the date on which the following provisions of the Companies (Amendment) Act, 2020 shall come into force namely:

S

No.

Section of the Companies (Amendment) Act, 2020

Section of the Companies Act, 2013

Particulars

1

2

Clause 52 of section 2

Definition of listed company

2

11

62(1)(a)(i)

Further Issue of Share Capital

3

Clause c of section 18

89

Declaration in respect of beneficial interest in any share

4

21

105(5)

Proxies

5

Clause ii of section 22

117(3)(g)

Resolutions and agreements to be filed

6

25

Insertion of new section 129A

Periodical financial results

7

27

135

Corporate Social Responsibility

8

53

379

Application of act to foreign companies

9

55

Insertion of new section 393A

Exemptions under this chapter

10

58

410

Constitution of Appellate Tribunal

11

59

Insertion of new section 418A

Benches of Appellate Tribunal

12

60

435(1)

Establishment of Special Courts

13

62

446B

Lesser penalties for one person companies or small companies

14

64

452(2)

Punishment for wrongful withholding of property

15

65

454(3)

Adjudication of Penalties

Notification is available at the link-

http://egazette.nic.in/WriteReadData/2021/224636.pdf and http://egazette.nic.in/WriteReadData/2021/224637.pdf

Members may note the above.

Sincerely Yours,

Chairman and Vice Chairman
Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India

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