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.
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- Non-deduction of TDS does not make transaction as unexplained in the hands of deductee – ITAT
- Last date to submit MEF 2026-27 extended to 09.09.2026
- Validity of demand u/s 156 for default u/s 115-O, if assessment order u/s 143(3) has Nil demand
- Issue already examined and adjudicated by CIT(Appeals), can’t be reopened on same set of facts
- TDS can’t be denied for non deposit of tax deducted by the deductor – High Court
 Act, 2020 (No. 29 of 2020) Download){kind=link}