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 csdiveshgoyal@gmail.com )

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