MCA has notified below mentioned 41 sections of Companies Amendment Act, 2017 w.e.f. 9th February, 2018 vide its notification dated 09th February 2018.
S. No. | Section No. | Name of Section | |
1 | Section 2 | Section 2 | Definitions (except definition of Associate & Subsidiary) |
2 | Section 3 | New Section 3A | Member severally liable in certain cases |
3 | Section 7 | Section 21 | Authentication of Documents, Proceeding & Contracts |
4 | Section 9 | Section 35 | Civil Liability for mis-statement in prospectus |
5 | Section 11 | Section 47 | Voting Right |
6 | Section 12 | Section 53 | Prohibition on issue of shares at discount |
7 | Section 14 | Section 62 | Further issue of share capital |
8 | Section 17 | Section 76A | Penalty on Deposit |
9 | Section 27 | Section 100 | Calling of extra ordinary general meeting |
10 | Section 29 | Section 110 | Postal Ballot |
11 | Section 32 | Section 123 | Declaration of Dividend |
12 | Section 34 | Section 130 | Re opening of accounts of courts or tribunals order |
13 | Section 35 | Section 132 | Constitution of National financial reporting authority |
14 | Section 38 | Section 136 | Right of members to copies of audited financial statement |
15 | Section 41 | Section 140 | Removal, resignation of auditor |
16 | Section 42 | Section 141 | Eligibility, qualifications and disqualification of auditors |
17 | Section 43 | Section 143 | Power and duties of auditors and auditing standards |
18 | Section 44 | Section 147 | Punishment for contravention |
19 | Section 45 | Section 148 | Central govt. to specify audit of items of cost in respect of certain companies |
20 | Section 47 | Section 152 | Appointment of Directors |
21 | Section 48 | Section 153 | Application of allotment of DIN |
22 | Section 50 | Section 160 | Right of persons other than retiring directors to stand for directorship |
23 | Section 51 | Section 161 | appointment of additional director, alternate director and nominee director |
24 | Section 53 | Section 165 | Number of directorship |
25 | Section 59 | Section 180 | Restrictions of power of board |
26 | Section 60 | Section 184 | Disclosure of interest by Director |
27 | Section 63 | Section 188 | Related party transaction |
28 | Section 65 | Section 195 | Prohibition on insider trading of securities |
29 | Section 72 | Section 223 | Inspector’s Report |
30 | Section 73 | Section 236 | Purchase of minority shareholding |
31 | Section 74 | Section 247 | valuation by registered valuer |
32 | Section 77 | Section 379 | Application of act to foreign companies |
33 | Section 78 | Section 384 | Debentures, annual return, registered of charge, books of account |
34 | Section 79 | Section 391 | Application of section 34 to 36 and chapter XX |
35 | Section 82 | Section 409 | Qualification of president and member of tribunal |
36 | Section 84 | Section 411 | Qualification of chair person and member of appellate tribunal |
37 | Section 85 | Section 412 | Selectio nof members of Tribunal and appellate tribunal |
38 | Section 90 | Section 441 | Compounding of certain offences |
39 | Section 91 | Section 446 | Insertion of new section 446A and 446B |
40 | Section 92 | Section 447 | Punishment for fraud |
41 | Section 93 | Section 458 | Delegation by central government of its powers and functions |
Disclaimer: The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, I assume no responsibility therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a professional advice and is subject to change without notice. I assume no responsibility for the consequences of use of such information. IN NO EVENT SHALL I SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION.
(Author can be reached at [email protected] )