With Four Notifications; S.O. 351(E) dated 23rd January 2018, S.O. 630(E) dated 9th February 2018, S.O. 1833(E) dated 7th May 2018 and S.O. 2422(E) dated 13th June 2018 most provisions of the Companies (Amendment) Act, 2017 (1 of 2018) come into force. Here is a bird’s eye view.
Notification S.O. 2422(E) dated 13th June 2018
S. No. | Section of the Companies (Amendment) Act, 2017 | Section of Companies Act, 2013 | Name of Section of Companies Act, 2013 | Major Amendment |
1 | Section 22 | Section 90 | Register of significant beneficial owners in a company | Substitution of earlier provisions. |
2 | Section 24 | Section 93 | Return to be filed with Registrar in case promoters’ stake changes | Omitted |
3 | Section 25 | Section 94 | Place of keeping and inspection of registers, returns, etc | Exclude certain register, index or return |
4 | Section 26 | Section 96 | Annual general meeting | AGM of unlisted company at any place in India or Electronic Mode |
5 | Section 71 | Section 216 | Investigation of ownership of company | Investigation for significant beneficial ownership included in to scope |
Notification S.O. 1833(E) dated 7th May 2018
The table contains details of provisions notified on 7th May 2018 was posted earlier here.
Notification S.O. 630(E) dated 9th February 2018
The table contains details of provisions notified on 9th February 2018 was posted earlier here.
Notification S.O. 351(E) dated 23rd January 2018
Section 1 and 4 of the Companies (Amendment) Act, 2017 came into force on 26th January 2018 and discussed earlier here.
Provisions not yet notified
Section 3, 5, 6, 10, 15, 16, 20, 21 (part), 23 (part), 36, 37, 67, 68, 69, 70, 75, 76, 80 (part), and 81 of the Companies (Amendment) Act, 2017 are not notified, yet.
Is there 1 more reporting to be done in case of ALL private companies also “BEN 2”
(Significant Beneficial Owner)
Because practically more than 10% shares are surely held by promoters
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No. I will post detailed post soon.
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