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 >>
- CBIC tweaks Guidelines in view of “Certificate of Origin” replaced by “Proof of Origin”
- Mr. Manan Kumar Mishra elected Chairman of the Bar Council of India
- There is a need to impose time limit on oral submissions in Arbitration cases – SC
- Aadhaar authentication compulsory for farmers to get benefit under e-NAM scheme
- Can buyer enforce agreement to sell when he encashed demand drafts of refund