Section 5 of the Companies (Amendment) Act, 2020 made effective from 30.10.2023
Section 5 of the Companies (Amendment) Act, 2020 provides in amendment to section 23 related to public offer and placement as under:
5. In section 23 of the principal Act, after sub-section (2) and before the Explanation, the following sub-sections shall be inserted, namely:—
“(3) Such class of public companies may issue such class of securities for the purposes of listing on permitted stock exchanges in permissible foreign jurisdictions or such other jurisdictions, as may be prescribed.
(4) The Central Government may, by notification, exempt any class or classes of public companies referred to in sub-section (3) from any of the provisions of this Chapter, Chapter IV, section 89, section 90 or section 127 and a copy of every such notification shall, as soon as may be after it is issued, be laid before both Houses of Parliament.”.
Download Notification Click Here >>
- No obligation to deduct TDS u/s 195 on payment to non-resident foreign commission agent
- Deduction u/s 80P denied as return not filed u/s 139(1) but in response to notice u/s 148
- High Court denied pre-arrest bail to accused of fake ITC utilisation
- ITR was not non est for no e-verification when AO took cognizance of returned income
- Section 43CB & ICDS-III is applicable to contractors not to real estate developers
 Act, 2020 made effective from 30.10.2023 ){kind=link}