The Companies (Amendment) Act, 2020 (No. 29 of 2020) has received the assent of the President on the 28th September, 2020 and has been notified.
One of the important amendment is insertion of new section 129A under which the Central Government may, require prescribed class(es) of unlisted companies to prepare the financial results on periodical basis and complete audit or limited review of such periodical financial results and also to file copy of report with the Registrar.
 The Act also provides for setting off of excess payment incurred on Corporate Social Responsibility (CSR) u/s 135 in succeeding years.
Download Act Click Here >>
- AO is under an obligation to assign reasons for rejecting explanation of the assessee
- CBIC issues SoP for clearance of imported goods through Foreign Post Offices
- Sale deed executed with full knowledge of only part consideration paid, not void – SC
- No fault in serving notice to last known address when PAN data was not updated – ITAT
- Investment by firm through capital introduced by partners cannot be treated as unexplained
 Act, 2020 (No. 29 of 2020) Download){kind=link}