MCA notifies effective dates for certain sections of Companies Amendment Act 2020 and 2019
The MCA has notified 22nd day of January, 2021 as the date from which specified provisions of the Companies (Amendment) Act, 2020 (29 of 2020), shall come into force, namely:
| Sl No. | Sections | |
| 1 | Section 2 | Companies not to be considered as listed companies |
| 2 | Section 11 | Further issue of share capital |
| 3 | Section 18(c) | Exemption from declaration in Respect of Beneficial Interest in any Share |
| 4 | Section 22(ii) | Exemption from filing of resolution for loan by Banks/NBFCs/HFCs |
| 5 | Section 25 | Requirement of preparation of periodical financial results and audit/limited review |
| 6 | Section 27 | Setting off of excess amount of CSR expenditure |
| 7 | Section 53 | Application of Act to Foreign Companies |
| 8 | Section 55 | Exemptions to companies incorporated outside India |
| 9 | Section 58 to 60 | Appellate Tribunal |
| 10 | Section 62 | Lesser penalties for One Person Company, Startups and Producer Companies |
| 11 | Section 64 and 65 | Relaxation to employee from punishment for wrongful withholding of property |
Similarly the MCA has notified the 22nd day of January, 2021 as the date on which the provisions of section 21 of the Companies (Amendment) Act, 2019 (22 of 2019) related to Corporate Social Responsibility (CSR) shall come into force.
Relief u/s 89(1) available even when arrears were received in addition to compensation for Voluntary Retirement - ITAT In a…
Husband’s income details can not be disclosed to wife under RTI Act being his personal information – High Court In…
ABCAUS Excel Depreciation Calculator FY 2025-26 under Companies Act 2013 as per Schedule-II Version 05.05 The maiden ABCAUS Excel Companies…
Distribution of portfolios of RBI Deputy Governors w.e.f. 04.05.2026 on assumption of charge by Shri Rohit Jain Shri Rohit Jain…
Merely because share prices doubled, it may not have given rise to any doubt to disbelieve the transaction – High…
It is the bounden duty of income tax authority to comply with the decision of the Supreme Court – High…