MCA notifies 22nd January, 2021 as the appointed date from which provisions of various Sections of the Companies (Amendment) Act, 2020 shall come into force. Summary of amendments made vide the Companies Amendment Act 2020, which are effective from 22/01/2021 is as under:
Sl. No. | Section of Companies Amendment Act 2020 | Section of Companies Act 2013 | Details |
1 | Section 2 | Clause 52 of section 2 | Proviso to definition of listed company. |
2 | Section 11 | Amendment of Section 62(1)(a)(i) | Offer Notice timeline for Further Issue of Share Capital |
3 | Clause (c) of section 18 | Amendment of Section 89(11) | Exemption from Declaration in respect of beneficial interest in any share |
4 | Clause (ii) of section 22 | Amendment of Section 117(3)(g) | Exemptions from Resolutions and agreements to be filed |
5 | Section 25 | Insertion of new section 129A | Periodical financial results |
6 | Section 27 | Amendment of Section 135 | CSR |
7 | Section 53 | Amendment of Section 379(1) | Application of act to foreign companies |
8 | Section 55 | Insertion of new section 393A | Exemptions under Chapter XXII Companies Incorporated Outside India |
9 | Section 58 | Amendment of Section 410 | Constitution of Appellate Tribunal |
10 | Section 59 | Insertion of new section 418A | Benches of Appellate Tribunal |
11 | Section 60 | Amendment of Section 435(1) | Establishment of Special Courts |
12 | Section 62 | Substitution of Section 446B | Lesser penalties for one person companies or small companies |
13 | Section 64 | Amendment of Section 452(2) | Lesser penalties for one person companies or small companies |
14 | Section 65 | Amendment of Section 454(3) | Adjudication of Penalties |
MCA Notification dt. 22/01/2021 : Appointed date for Certain Sections of Companies Amendment Act 2020 notified
S.O. 325(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 22nd day of January, 2021 as the date on which the following provisions of the said Act shall come into force, namely:-
Sl. No. | Sections |
1 | Section 2 |
2 | Section 11 |
3 | Clause (c) of section 18 |
4 | Clause (ii) of section 22 |
5 | Section 25 |
6 | Section 27 |
7 | Section 53 |
8 | Section 55 |
9 | Section 58 to section 60 (both inclusive) |
10 | Section 62 and |
11 | Section 64 and section 65 |
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