MCA releases the date on which provisions of Sec 32 & 40 of Companies (Amendment) Act, 2020 shall come into force

Last updated: 22 March 2021

Quick Summary
The Ministry of Corporate Affairs (MCA) has officially set the date for key provisions of the Companies (Amendment) Act, 2020, to be enacted. Sections 32 and 40 of the Act will come into force on 18th March 2021. This announcement was made via an official notification from the MCA.

The Ministry of Corporate Affairs has appointed 18th March 2021, as the date on which provisions of Sec 32 & 40 of the Companies (Amendment) Act, 2020 shall come into force. Read the official notification below:

[To be published in the Gazette of India, Extraordinary, Part 11, Section 3, Sub-section 

Government of India 
Ministry of Corporate Affairs 
Notification 
New Delhi, the  CI  March, 2021 

Companies Act 2020: Sections 32 and 40 Effective March 18

S.O.  (E).- In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020), the Central Government hereby appoints the 18th March, 2021 as the date on which the provisions of section 32 and section 40 of the said Act shall come into force. 

[File No. 1/3/2020-CL.1] 
K.V.R. Murty 
Joint Secretary to the Government of India 

FAQ :

Sections 32 and 40 of the Companies (Amendment) Act, 2020, will come into force on 18th March 2021.

The Ministry of Corporate Affairs (MCA) announced the date.

The Companies (Amendment) Act, 2020 is an amendment to the existing Companies Act.

Sections 32 and 40 of the Companies (Amendment) Act, 2020 are being brought into force.



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