Friday 29 June 2018

List of Notified Sections of the Companies (Amendment) Act, 2017 - As on 29.06.2018

S. No.
Sections of Amendment Act, 2017
Section of Companies Act, 2013
Particulars of Section
Sections Notified on 13th June, 2018
1.      
Section 21 Clause (iii) & Section 22
Section 89

Section 90
Declaration in respect of beneficial interest in any share

Register of Significant beneficial owners in a Company
2.      
Section 24
Section 93
Return to be filed with Registrar in case promoters’ stake change
3.      
Section 25
Section 94
Place of Keeping and inspection of registers, returns etc.
4.      
Section 26
Section 96
AGM
5.      
Section 71
Section 216
Investigation of ownership of Company
Sections Notified on 07th May, 2018
6.      
Section 2 Clause (i) and (xiii)
Section 2
Definitions
7.      
Section 8
Section 26
Matter to be stated in Prospectus
8.      
Section 13
Section 54
Issue of Sweat Equity Shares
9.      
Section 18
Section 77
Duty to Register charge
10.   
Section 19
Section 78
Application for registration of charge
11.   
Section 21 Clause (i) (ii)
Section 89
Declaration in respect of beneficial interest in any share
12.   
Section 23 clause (iii) & (iv)
Section 92
Annual Return
13.   
Section 30
Section 117
Resolution and agreements to be filed
14.   
Section 31
Section 121
Report on Annual General Meeting
15.   
Section 33
Section 129
Financial Statement
16.   
Section 39
Section 137
Copy of financial statement to be filed with Registrar
17.   
Section 40
Section 139
Appointment of Auditors
18.   
Section 46
Section 149
Company to have Board of Directors
19.   
Section 49
Section 157
Company to inform Director identification Number to Registrar
20.   
Section 52
Section 164
Disqualifications for appointment of Director
21.   
Section 54
Section 167
Vacation of office of Director
22.   
Section 55
Section 168
Resignation of Director
23.   
Section 56
Section 173
Meeting of Board
24.   
Section 57
Section 177
Audit Committee
25.   
Section 58
Section 178
Nomination and Remuneration Committee and Stakeholders Relationship Committee
26.   
Section 61
Section 185
Loan to Directors
27.   
Section 62
Section 186
Loan and investment by Company
28.   
Section 80 Clause (i) (ii)
Section 403
Fee for Filing etc
29.   
Section 83
Section 410
Constitution of Appellate Tribunal
30.   
Section 86
Section 435
Establishment of Special Courts
31.   
Section 87
Section 438
Application of code of proceedings before special court
32.   
Section 88
Section 439
Offences to be non-cognizable
33.   
Section 89
Section 440
Transitional provisions
Sections Notified on 9th  February, 2018
34.   
Section 2
Section 2
Definitions (except definition of Associate & Subsidiary)
35.   
Section 3
New Section 3A
Member severally liable in certain cases
36.   
Section 7
Section 21
Authentication of Documents, Proceeding & Contracts
37.   
Section 9
Section 35
Civil Liability for mis-statement in prospectus
38.   
Section 11
Section 47
Voting Right
39.   
Section 12
Section 53
Prohibition on issue of shares at discount
40.   
Section 14
Section 62
Further issue of share capital
41.   
Section 17
Section 76A
Penalty on Deposit
42.   
Section 27
Section 100
Calling of extra ordinary general meeting
43.   
Section 28
Section 101
Notice of Meeting
44.   
Section 29
Section 110
Postal Ballot
45.   
Section 32
Section 123
Declaration of Dividend
46.   
Section 34
Section 130
Re opening of accounts of courts or tribunals order
47.   
Section 35
Section 132
Constitution of National financial reporting authority
48.   
Section 38
Section 136
Right of members to copies of audited financial statement
49.   
Section 41
Section 140
Removal, resignation of auditor
50.   
Section 42
Section 141
Eligibility, qualifications and disqualification of auditors
51.   
Section 43
Section 143
Power and duties of auditors and auditing standards
52.   
Section 44
Section 147
Punishment for contravention
53.   
Section 45
Section 148
Central govt. to specify audit of items of cost in respect of certain companies
54.   
Section 47
Section 152
Appointment of Directors
55.   
Section 48
Section 153
Application of allotment of DIN
56.   
Section 50
Section 160
Right of persons other than retiring directors to stand for directorship
57.   
Section 51
Section 161
appointment of additional director, alternate director and nominee director
58.   
Section 53
Section 165
Number of directorship
59.   
Section 59
Section 180
Restrictions of power of board
60.   
Section 60
Section 184
Disclosure of interest by Director
61.   
Section 63
Section 188
Related party transaction
62.   
Section 65
Section 195
Prohibition on insider trading of securities
63.   
Section 64
Section 194
Prohibition on forward dealings in securities of company by director or key managerial personnel
64.   
Section 72
Section 223
Inspector’s Report
65.   
Section 73
Section 236
Purchase of minority shareholding
66.   
Section 74
Section 247
valuation by registered valuer.
67.   
Section 77
Section 379
Application of act to foreign companies
68.   
Section 78
Section 384
Debentures, annual return, registered of charge, books of account
69.   
Section 79
Section 391
Application of section 34 to 36 and chapter XX
70.   
Section 82
Section 409
Qualification of president and member of tribunal
71.   
Section 84
Section 411
Qualification of chair person and member of appellate tribunal
72.   
Section 85
Section 412
Selection of members of Tribunal and appellate tribunal
73.   
Section 90
Section 441
Compounding of certain offences
74.   
Section 91
Section 446
Insertion of new section 446A and 446B
75.   
Section 92
Section 447
Punishment for fraud
76.   
Section 93
Section 458
Delegation by central government of its powers and functions
Sections Notified on 26th January, 2018
77.   
Section 1
--
 section 4
78.   
 Section 4
 Section 4
 Memorandum

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