Companies amendment act 2018 highlights

2014 shall not be treated as deposits under the Companies Act …Recent Posts. 2. Commencement of the Securities and Futures (Amendment) Ordinance 2016. Definition The Companies (Amendment) Ordinance, 2018 was promulgated by the President on the 2nd day of November, 2018, effective from the same date. These amendments were passed in Jan 2018. 5. 11 rows · Further, the Companies (Amendment) Ordinance, 2018 has brought in major changes in …Highlights of the Companies (Amendment) Ordinance, 2018 You are here: Home / Companies (Amendment) Act, 2017 / Highlights of the Companies (Amendment) Ordinance, 2018 Recent PostsThe Companies Act, 2013 (the Act) has been amended yet again, this time through a Presidential Ordinance on 02nd November, 2018. Amendment of section 75 of Act of 1893. 2018 78 Amendment in Section 384 Debentures, Annual Return, Registration of Charges, Books of Account and their Inspection 09. ACTIVE COMPANY TAGGING IDENTITIES AND VERIFICATION (ACTIVE) FOR ALL COMPANIES (INC-22A) Ready reckoner for compliances under companies act, …Section 186 of the Companies Act 2013 - Loan and Investment by Company: Introduction: The Companies Act, 2013 (Act) has come up with a change in the concept of …In the 11th hour as Democrats were pushing through the costly and highly controversial Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), they added one additional amendment, referred to as the “Durbin Amendment”. Interpretation. India Corporate/Commercial Law Singh & Associates 20 Dec 2018Does it mean, as per the relaxation under Companies Amendment Act 2017, the provisions of section 197 relating to approval of Central Government are applicable/mandatory, only in the case of Public Limited companies which are making inadequate profit or incurring loss during the year in which the remuneration is being paid. PART 2. WHEREAS the Companies (Amendment) Ordinance, 2018 was promulgated by the President on the 2nd day of November, 2018; Act, 2018 (Amendment Act) came into force on 26 July 2018, and seeks to bring the Indian anti-corruption legal Key highlights of the Amendment Act 3 1. The Constitutional (103 rd Amendment) Act got the assent of President of India on 13 th January, 2018. 2016 regarding the Companies (Amendment) Act, 2016, please find below the highlights of same: In case of the members of the company falls below the minimum required members and business is carried on for more than six months liability of members GST (Amendment) Act, 2018. * GST collections projection pegged at Rs 7. companies amendment act 2018 highlightsNov 2, 2018 The Companies (Amendment) Ordinance, 2018 promulgated on November 02, 2018 thereby amending some of the sections of the Companies Nov 14, 2018 The President of India had on November 02, 2018 promulgated The Companies (Amendment) Ordinance, 2018 thereby amending some of the Nov 5, 2018 In this article, we shall discuss about the major highlights of the Companies (Amendment) Ordinance, 2018 along with the impact it will have on Nov 6, 2018 The Companies (Amendment) Ordinance, 2018 received the President of India's assent bringing into force further amendments to certain Highlights of the Companies (Amendment) Ordinance, 2018. C. Pramila Jayapa (D-Wash. THE COMPANIES (AMENDMENT) ORDINANCE, 2019 NO. Amendment of section 54. Definitions (Part 3) 55. Sections of Companies Amendment Act 2017 applicable from 7th May, 2018 – Read notification. The bill will now be placed before the Parliament of India. Amendment of section 134. After implementation of the Seventh Pay Commission, central In September 2018 we received the Employment Equity Amendment Bill 2018; brought forth by the outcome of the Department of Labour’s 20 year review on the implementation of Employment Equity. In the massive 848-page piece of legislation that Dodd-Frank became, the 7 pages that make up the amendment are hardly noticeable and can at first Skip to the Following Topics: Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA) Treasury CISADA Findings Against Bank of Kunlunkey highlights of companies (amendment) act, 2017 i-21 meaning and nature of a company 5 chapter 3 : kinds of companies 30 chapter 4 : formation and incorporation of a company 110 chapter 5 : memorandum of association 129 chapter 6 : articles of association 157 chapter 7 authorities under the companies act, 2013 and miscellaneous The said amendment act has been carried 93 sections which in totality have an impact on 107 sections of the Companies Act 2013 (“principal Act”). Amendments to the INTERNATIONAL BUSINESS COMPANIES (AMENDMENT) ACT, 2018 ARRANGEMENT OF SECTIONS 1. 9. De-clogging the NCLT II. CONTENTS. Amendment of section 14 of Act of 1893. Amendment of section 160 of the principal Act 2. You are here: Home / Companies (Amendment) Act, 2017 / Highlights of the Companies (Amendment) Ordinance, 2018. The government may rationalize rates of super tax through amendments in the Finance Act 2018 to generate additional revenue in 2018-19. Under this ordinance, 31 amendments are made to the Companies Act. The key highlights of the Amendment Rules are as follows: of the Companies Act, 2013, the THE 2018 AMENDMENTS when amendments to the Delaware LLC Act go into effect providing for the establishment of 2018. On Friday, 21 September 2018 the Department of Trade and Industry published the draft Companies Amendment Bill 2018 for comment. The Central Government notified the Companies (Amendment) Act, 2017 (Amendment Act) on 3 rd January, 2018. The notified provisions are effective from 7 May 2018. 54. In the Companies (Appointment and Qualification of Directors) Rules, 2014, In line with the objectives and measures outlined in the Budget Speech 2018/2019, the Finance Act 2018 was passed in Mauritius in August 2018 and the amendments brought about reflect the long-standing endeavor of the authorities to reinforce the positioning of Mauritius as a jurisdiction of substance and an international financial centre of repute. What are the changes? Timeline for holding AGMs and filing ARs aligned to the Financial Year End (FYE)Income Tax (Amendment) Bill 2018 deductibility for group companies The Bill proposes to limit the deductibility of interest on debts owed by a taxpayer who is a member of a group to Financial Institutions Amendment Act (2016) that legalised Islamic …Extracts from Companies (Incorporation) 4th Amendment Rules, 2018. Companies Amendment Act 2017: an overview of key changes | 11 Turnover. 19 of 2010 (as amended in 2013 and 2014) (the PPP Act). to its May 8, 2018 Companies Act No Comments. Companies Law 4-12-2018 Provisions of Companies Act The Companies (Amendment) Ordinance 2018 ("2018 Ordinance"), issued on November 2, 2018 brought about significant changes to certain provisions of the Companies Act, 2013 ("Act"). The changes prescribed by Companies Amendment Act, 2017 shall come in to …The Criminal Law (Amendment) Act, 2013 (Nirbhaya Act) is an Indian legislation passed by the Lok Sabha on 19 March 2013, and by the Rajya Sabha on 21 March 2013, which provides for amendment of Indian Penal Code, Indian Evidence Act, and Code of Criminal Procedure, 1973 on laws related to sexual offences. , The Union Territory Goods and Services Tax (Amendment) Act 2018. The Bill received Presidential assent on 2 April 2013 and came into force from 3 April 2013. The Companies Amendment Act, 2017 which was passed by Rajya Sabha on 19 th December 2017 has received assent of the president and same has been published in the Official Gazette of India on 3 rd January 2018. 25 OF 2012 Bill for the Companies (Amendment) Act No. e. In the massive 848-page piece of legislation that Dodd-Frank became, the 7 pages that make up the amendment are hardly noticeable and can at first Skip to the Following Topics: Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA) Treasury CISADA Findings Against Bank of Kunlun. Insertion of new Part VI A. 6. Notification 84 Sections of Companies Amendment Act, 2017 - 09. About Companies (Amendment) Bill, 2018: Latest Updates, Details, Features, Aim, Highlights The Lok Sabha has recently on 4th January 2019, passed the Companies (Amendment) Bill, 2018. The twin objective of this landmark amendment is promoting ease of doing business and ensuring better corporate compliance. 3. • The Ordinance, which has been promulgated today is based on the recommendations of the Committee appointed by the Government to review offences under the Companies Act, 2013. 04. 08. This increase is expected to raise additional revenue of 22. Now total 75 sections out of 84 section of Companies Amendment Act, 2017 has been notified. 02. The latest amendment can be classified to fall under the following two segments: Highlights of the Companies (Amendment) Ordinance, 2018. CHANGES BY AMENDMENT ACT 2017 WITH REFERENCE TO RELATED PARTY. C65. Earlier in the year in June 2018, we circulated a briefing analysing the proposed changes to the Public Private Partnership Act, No. 2018; Changes proposed in GST Amendment Act | Key Highlights of GST Amendment Act 2018, Key Changes Proposed by GST Amendment Act 2018, Summary of Changes proposed by CGST & IGST Amendment Act, GST Amendment Act 2018 Key Changes Highlights of CGST Amendment Act,2018 to 1 February,2019. The latest amendment can be classified to fall under the following two segments: Highlights of Companies (Amendment) Ordinance, 2018 The Companies Act, 2013 (the Act) has been amended yet again, this time through a Presidential Ordinance on 02 nd November, 2018. The Companies (Amendment) Bill, 2016 was passed by the Lok Sabha on 27 th July, 2017 and is aimed at further amending the provisions of the Companies Act, 2013 in relation to the structure, compliance and disclosure requirements of companies. (2) This Act shall come into force on such date as the Minister may, by Notice published in the Gazette, appoint. Highlights of Companies (Amendment) Ordinance, 2018 By ICSI Maharashtra Stamp Act Comprehensive Course on GST Audit & Annual Return by CA Shaifaly Girdharwal & Compliance Calendar LLP The Indian Medical Council (Amendment) Ordinance, 2018 was promulgated by President on 26-09-2018. Companies (Accounts) Amendment Rules notified by MCA. India Corporate/Commercial Law Singh & Associates 20 Dec 2018 The Companies (Amendment) Ordinance, 2018 ("Ordinance") received the President of India’s assent bringing into force further amendments to certain provisions of the Companies Act, 2013 ("Act") with effect from November 2, 2018. Preliminary and General. 1. 1. 3 OF 2019. 03. On 27 July 2017, Lok Sabha passed the Companies (Amendment) Bill, 2017. Amendment of section 96. On July 23, 2018, the Parliament passed the Specific Relief (Amendment) Bill, 2018 (“Bill”). Home Highlights December 2018 Year Next → Companies (cost records and audit) Amendment Rules, 2018. Penalties for certain offences. MCA has amended Companies (Acceptance of Deposits) Amendment Rules, 2018. MCA vide Circular No 5/2015 dated 30. Giving effect to the recommendations placed in the Report of the Committee to review Offences under the Companies Act, 2013, the Companies (Amendment 20/12/2018 · The much-awaited amendment to the Companies Act was recently introduced by means of an ordinance. The twin objective of this landmark Nov 17, 2018 The main objective behind the promulgation of the Companies (Amendment) Act, 2018 is to amend or incorporate various provisions of the Act Feb 7, 2019 Companies (Amendment) Ordinance, 2019: Key Highlights January 12, 2019 and is deemed to have come into force on November 2, 2018. In this Act, the term “Act” means the Companies Act, Cap 21. 4. The much-awaited amendment to the Companies Act was recently introduced by means of an ordinance. (1) These rules may be called the Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018. The latest amendment can be classified to fall under the following two segments: I. Secondly, inserted new provisions of law. The legislative amendments to the Companies (Amendment) Act will take effect for companies with financial year ending on or after 31 August 2018. (2) They shall come into force from 10th July, 2018. The Amendment Bill has now been gazetted on 4 May 2018 as the MACC Amendment Act 2018. The Companies Amendment Act 2018 (Amendment Act) received Royal Assent on 15 May 2018 but has a retroactive operative date of 21 March 2018. You are here: Home / Companies (Amendment) Act, 2017 / Highlights of the Companies 17 Nov 2018 The main objective behind the promulgation of the Companies (Amendment) Act, 2018 is to amend or incorporate various provisions of the Act 14 Nov 2018 The President of India had on November 02, 2018 promulgated The Companies (Amendment) Ordinance, 2018 thereby amending some of the 6 Nov 2018 The Companies (Amendment) Ordinance, 2018 received the President of India's assent bringing into force further amendments to certain 4 Apr 2018 The Companies Amendment Act 2017, was first introduced in 2016 and was through notification of official Gazette on 03rd January, 2018. highlights of companies (amendment) ordinance, 2018 The Companies (Amendment) Ordinance, 2018 promulgated on November 02, 2018 thereby amending some of the sections of the Companies Act, 2013. Additionally, MCA issued amendment to certain rules under the Companies Act, 2013 (2013 Act). Introduction of Open-ended Fund Company Structure. issued by the Regulators, on or before six months prior to the Dec 2018 Examination are applicable, accordingly, the Companies (Amendment) Act, 2017 is applicable for the examination to be held in Dec, 2018. New development. Amendments to incorporate new developments . The highlights of the Amendment Act are 1) Minimum number of persons of a company- The Amendment Act provides that if the minimum number of persons falls below 7 for a public company and below 2 for a private company and the company continues to carry on Bermuda Companies Act Update. section 185 of companies act, 2013 – loans to directors as amended by companies (amendment) act, 2017: february 11, 2019; specified companies (furnishing of information about payment to micro and small enterprise suppliers) order, 2019 february 9, 2019; highlights of the interim budget 2019-20 february 6, 2019 1 UPDATE 22 May 2018 One of the most significant legal reforms of the country in recent times has been the enactment of the Companies Act, 2013 (the 2013 Act) as this was a major step towards Tortola, British Virgin Islands - 20 July 2018 - Today, the British Virgin Islands Financial Services Commission highlights two new additions to the regulatory and registrations regimes in the BVI: An amendment to the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 (the “AML Code”) and the Micro Business Companies Act, 2017 (the “MBC Act”). 9 th February, 2018 (LIST F). Further, the Companies (Amendment) Ordinance, 2018 has brought in major changes in the many of the provisions of the Companies Act, 2013 wherein efforts has been made to reduce the excessive burden of the Special Courts and to make the penal provisions under various provisions more specific and stringent thereby ensuring, compliance of law in Companies (Amendment) Ordinance, 2018 – Highlights The Hon’ble President has given his assent for promulgation of the Companies Amendment (Ordinance), 2018 with effect from Friday 2nd November, 2018 with a dual objective of promoting ease of doing business and better corporate compliance. Ministry of Corporate Affairs (MCA) has issued several amendments in certain rules made under Companies Act, 2013 on May 07 2018. Reporting exemption – expanding the scope for simplified reporting Allowing the holding companies of two types of corporate groups as set out below to benefit from the reporting exemption, i. Key Highlights of Companies (Amendment) Ordinance, 2018 Date 14 Nov 2018 The President of India had on November 02, 2018 promulgated The Companies (Amendment) Ordinance, 2018 thereby amending some of the sections of the Companies Act, 2013 (hereinafter referred to as “ Act ”). Section 2(91) of the 2013 Act defines the term ‘turnover’ to mean the aggregate value of the realisation from the sale, supply or distribution of goods, or on account of services rendered, or both, by the company, during a financial year. February 01, 2019. 2015 has clarified that amounts received by private companies prior to 01. 26 th January, 2018, the Ministry has now notified 43 sections thereof to be effective from 9 th February, 2018 of which some sections are clarificatory in nature whereas some sections call MCA notifies Companies (Accounts) Amendment Rules, 2018. Most of the amendments are aimed at tightening up the existing provisions in the Act and expanding the coverage of the offences. The twin objective of this landmark Nov 2, 2018 The Companies (Amendment) Ordinance, 2018 promulgated on November 02, 2018 thereby amending some of the sections of the Companies Nov 14, 2018 The President of India had on November 02, 2018 promulgated The Companies ( Amendment) Ordinance, 2018 thereby amending some of the Nov 5, 2018 In this article, we shall discuss about the major highlights of the Companies ( Amendment) Ordinance, 2018 along with the impact it will have on Highlights of the Companies (Amendment) Ordinance, 2018. Section 160(3)(b) of the principal Act is amended by deleting or officer of the company or by its registered agent, and substituting , officer, registered agent or liquidator of the company. -In exercise of the powers conferred by section 134 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:-1. Filing of tax returns under the Lotteries and Gaming Act. Dec 20, 2018 The much-awaited amendment to the Companies Act was recently introduced by means of an ordinance. 80a-1 et seq. The Companies (Amendment) Ordinance, 2019 amending several provisions of the Companies Act, 2013 (“Act”) was promulgated on January 12, 2019 and is deemed to have come into force on November 2, 2018. Amendment of section 65. Amendment of section 16 of Act of 1893. Changes made by CGST (Amendment) Act, 2018, IGST (Amendment) Act, 2018, UTGST (Amendment) Act, 2018 and GST (Compensation to States) Amendment Act, 2018 and the corresponding changes in SGST Acts would be notified w. billion. The Explanatory Statement pursuant to Section 102(1) and (2) of the Companies Act, 2013 in respect of Item No. House of RepresentativesDrinker Biddle's TCPA Blog provides breaking news and important insights about the Telephone Consumer Protection Act. HIGHLIGHTS OF THE AMENDMENT key highlights of companies (amendment) bill, 2017 • Loans to Directors Under the Companies Act, 2013, companies are not allowed to advance any loan etc. Lawcrux Services Blocked Unblock Follow Following. The Ministry of Corporate Affairs(“MCA”) on 31 July 2018 published the Companies (Accounts) Amendment Rules 2018. 20/12/2018 · The much-awaited amendment to the Companies Act was recently introduced by means of an ordinance. 31 July 2018. You are here: Home / Companies (Amendment) Act, 2017 / Highlights of the Companies Companies Amendment Act 2017: an overview of key changes | 1 It got assent from the Honourable President of India on 3 January 2018 and has. G. Govt makes PAN mandatory for any entity entering into a financial transaction of Rs 2. 2018. Companies Law 4-12-2018 Companies (cost records and audit) Amendment Rules, 2018 Provisions of Companies Act, 1956 applicable to LLP; Limited Liability Partnership Rules, 2009; LLP (Winding This Act is the Corporations Amendment (Crowd‑sourced Funding for Proprietary Companies) Act 2018. The long awaited South African Companies Amendment Bill (Bill) was published last week Friday for comment. 10. It is expected to be sent to the President for assent. The Minister of Finance announced in his Budget speech that the VAT rate will be increased by 1 % to 15% with effect from 1 April 2018. Below are the major changes in the Amendments passed in 2018 in the Insolvency and bankruptcy Code, 2016. Companies Law 4-12-2018 Provisions of Companies Act The said amendment act has been carried 93 sections which in totality have an impact on 107 sections of the Companies Act 2013 (“principal Act”). In this Act, unless the context otherwise requires, “Act” means the Captive Insurance Companies (Act), Cap. The Companies Act (Cap. The Bill proposes to amend section 16(8) that provides for the time frame to fi le a return under the Lotteries and Gaming Act. on August 29, 2018. This Act is the Companies (Amendment) Act 2018 and comes into operation on a date that the Minister appoints by notification in the Gazette. Highlights of the Companies Amendment Act, 2015 With a view to help our myriads of Indian and international visitors and clients, here we are providing information about some major changes made by this Indian Companies (Amendment) Act of 2015. 25/12/2017 · HIGHLIGHTS of the Companies Amendment Bill, 2017. FINANCE ACT 2018-HIGHLIGHTS. THE COMPANIES (AMENDMENT) ACT, 2017 NO. 02 (1) These rules may be called the Companies (cost records and audit) Amendment Rules, 2018. You are here: Home / Companies (Amendment) Act, 2017 / Highlights of the Companies Nov 6, 2018 The Companies (Amendment) Ordinance, 2018 received the President of India's assent bringing into force further amendments to certain Companies Amendment Act 2017: an overview of key changes | 1 It got assent from the Honourable President of India on 3 January 2018 and has. 53. 2018-42 An Act to amend the Companies Act, Cap. The last notification was issued on 19 th September 2018 to give effect to changes under section 135 of the principal act. (2) This Act shall come into force on such date as the Minister may, by Notice published in the Gazette , determine. Amendment of section 35 of Principal Act. Debbie Dingell (D-Mich. (1) This Act may be called the Companies (Amendment) Act, 2017. THE CENTRAL GOODS AND SERVICE TAX (AMENDMENT) ACT, 2018. The 2018 Ordinance was passed by the Lok Sabha, though could not be taken up by the Rajya Sabha and which was due to expire on January 21, 2019. 308. Dear Professional Colleagues, In this write up, I am sharing the Highlights of the Companies Amendment Bill, 2017, Hope it will be fruitful for all of you. The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant will file a further amendment which specifically states that this registration statement will thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement will become Obtain documents, public disclosure forms, historical data and Member and Committee information for the U. , c. May 12, 2018 Company Act amendment rules 2018 : Some of the major amendments to various rules under Companies Act, 2013 that have been notified by 18 rows · The Companies (Amendment) Ordinance, 2018 promulgated on November 02, 2018 thereby amending some of the sections of the Companies Act, 2013. I set out certain thoughts on how companies can already prepare for the coming into force of the corporate liability provisions under the MACC 06/07/2015 · On 8 February 2019, the Ministry of Corporate Affairs released the Companies (Significant Beneficial Owners) Amendment Rules, 2019 to revise and amend the Companies (Significant Beneficial Owners), 2018. It is beyond any doubt that the government has repeatedly amended the act so as to rule out complexities and provide for necessary changes in the corporate laws. The provisions of this Amendment Act shall come into force on the date or dates as the Central Government may appoint by notification(s) in the Official Gazette. The amendments are effective from May 07, 2018. (b) the company has filed with the Registrar a verification of its registered office as provided in section 12(2) of Companies Act, 2013 – section 10A(1) of Companies Act, 2013 amended vide the Companies (Amendment) Ordinance, 2018 w. In this Act, the principal Act means the Companies Act, R. Section 2 amended 2. (E). The Companies (Amendment) Ordinance, 2018 ("Ordinance") received the President of India’s assent bringing into force further amendments to certain provisions of the Companies Act, 2013 ("Act") with effect from November 2, 2018. The Tax Procedures Code (Amendment) Bill, 2018. We have discussed the declaration at the time of commencement of business. The Act is amended in section 2 by inserting in the correct alphabetical. Companies (Meetings of Board and its Powers) Amendment Rules, 2018 The Companies (Audit and Auditors) Amendment Rules, 2018 The Companies (Prospectus and Allotment of Securities) Amendment Rules, 2018 4 January 2018 Introduction. 44 lakh crore in nine months of current fiscal. V. Below are highlights of the changes The Companies Act (Cap. CONTENT Amendments to Companies Act Amendments to Financial Intelligence and Anti Money Laundering Act (FIAMLA) 1 2 5 8 9. to its Highlights of public procurement related amendments 21 November 2018 21 November 2018 On 18 th of October 2018, in extraordinary State Gazette (issue no. R. THE COMPANIES AMENDMENT ORDINANCE – 2018 [9 of 2018] – A REVIEW. . Like many other laws passed for enhancing business capabilities, this Amendment is likely to be yet another instance of ‘legislate in haste, amend at leisure The Amendment Rules shall come into force from August 15, 2018. The MCA has notified the Companies (Accounts) Amendment Rules, from time to time, to amend the formats for financial statements/ other documents prepared by the companies under the Companies act, 2013. [Commencement: 1st January, 2019] ENACTED by the Parliament of Barbados as follows: Short title This Act may be cited as the Companies (Amendment) Act, 2018. Highlights of the Companies (Amendment) Act, 2016 With reference to our earlier blog dated 19. 09. Company Law: Highlights of Companies (Amendment) Ordinance 2019 Number of changes and amendment affecting almost every company is the part of new Companies (Amendment) Ordinance 2019. companies amendment act 2018 highlights Companies have until 21 September 2018 to be in compliance with the new requirements as thereis a transition period of 6 months from the date it was deemed to be operative. 8. As part of ongoing efforts to keep Singapore both business-friendly and competitive, legislative changes relating to Annual General Meetings (AGMs) and Annual Returns (ARs) timelines will take effect on 31 August 2018. PART 1. The President has assented to the Ordinance [reviewing the offences under the Companies Act, 2013 (“ Act ”)] which has been promulgated with effect from November 02, 2018. Amendment of Principal Act. 20. 2-11-2018. order, the following definitions: “finance business” means any trust or corporate business carried THE YEAR THAT WAS. However, this Act has not been brought into force yet. There are a total of four key changes brought in by the Companies (Amendment) Act, 2017 vide notification dated 3 rd January 2018. The Prevention of Corruption Act, 1988 (the "Act") was recently amended by the Prevention of Corruption (Amendment) Act, 2018 (the "Amendment Act"). Before discussing the Companies (Audit and Auditors) Amendment Rules, 2018 let’s see a brief about companies act 2017. The objective with which this ordinance came into being was to amend the Indian Medical Council Act, 1956. , The Goods and Services Tax (Compensation to States) Amendment Act 2018. Repeal and replacement of Part XII. 24th December, 2018. Tax Watch • April 2018 13. (1) These rules may be called the Companies (Accounts) Amendment Rules, 2018 Amendments to Companies Act and Limited Liability Partnership Act. Amendment Act, 2017. On 8 February 2019, the Ministry of Corporate Affairs released the Companies (Significant Beneficial Owners) Amendment Rules, 2019 to revise and amend the Companies (Significant Beneficial Owners), 2018. 43 lakh crore in full year 2018-19 as against Rs 4. MCA has notified the Companies (Incorporation) 4th Amendment Rules,2018 dated 19 December 2018. Section 2(76) and section 188 except section 177(4)(iv) with reference to related party have been notified vide Notification dated: 09/02/2018. 7. Subsequent to the Ministry of Corporate Affairs (“MCA”) notifications dated 9 th February, 2018 and 7 th May, 2018 through which MCA hadenforced 43 sections and 28 sections of the Companies (Amendment) Act 2017, (“Act, 2017”),it has once again come up with another set of notificationsvide its notification dated 14 th May, 2018 bringing 5more sections of Act, 2017 to life and amending corresponding Rules that are prescribed. The bill aims to amend the Companies Act, 2013. Changes in section 2 (Definition) under Companies amendment Act; Associate Company (S. In the massive 848-page piece of legislation that Dodd-Frank became, the 7 pages that make up the amendment are hardly noticeable and can at first Skip to the Following Topics: Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA) Treasury CISADA Findings Against Bank of Kunlun06/07/2015 · On 8 February 2019, the Ministry of Corporate Affairs released the Companies (Significant Beneficial Owners) Amendment Rules, 2019 to revise and amend the Companies (Significant Beneficial Owners), 2018. With the approval from the GST council in the meeting held on January 10 2019, the changes made by the CGST (Amendment) Act, 2018, IGST (Amendment) Act, 2018, UTGST (Amendment) Act, 2018 and GST (Compensation to States) Amendment Act, 2018 along with the corresponding changes in SGST Acts will be applicable from 1sr February 2019. Highlights The underlying theme of the Amendment Act is to simplify the law, eliminate redundancies, provide clarity for provisions which were considered ambiguous,The Companies (Amendment) Bill, 2017, introduced in Lok Sabha on 16 March, 2016 as The Companies (Amendment) Bill, 2016 was referred to the Standing Committee on Finance on 12 April, 2016. The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal in Parliament today are as follows:Definitions References to sections and rules in this Form N-1A are to the Investment Company Act of 1940 [15 . MCA has already notified 43 sections of Companies Amendment Act, 2017 w. Amendment of section 5. 86), there were promulgated recent amendments to the Public Procurement Act. 12 May 2018 Company Act amendment rules 2018 : Some of the major amendments to various rules under Companies Act, 2013 that have been notified by 8 Nov 2018 The President has assented to the Ordinance [reviewing the offences under the Companies Act, 2013 ('Act')] which has been promulgated with 20 Dec 2018 The much-awaited amendment to the Companies Act was recently introduced by means of an ordinance. This Act may be cited as the Companies (Amendment) Act, 2018. Desiring a simplified and compact law with flexible rule making powers for ‘ever changing business models’, the Central Government constituted the JJ Irani Expert Committee on Company Law (Irani Committee). 43 Sections notified on 09 th February, 2018 and 28 sections notified on 07 th May, 2018 and 5 sections notified on 13 th June, 2018. 2013, and with other provisions notified in a phased manner from 01. Amendment has been made in the Companies (Registration Offices and Fees) Rules, 2014, vide this notification. Key highlights of amendments to various Rules under Companies Act, 2013 with Effect from May 07,2018 The Central Government has notified amendment to various rules under Companies Act, 2013. 2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Companies Amendment Act 2017: an overview of key changes | 1 Companies Amendment Act 2017: an overview of key changes. Amendment of Schedule 5 to Principal Act. further to amend the Companies Act, 2013. The Companies (Amendment) Bill, 2017 is passed by Lok Sabha and Rajya Sabha on 27th July 2017 and 19th December, 2017 respectively. After much deliberation, on 19 December 2017, Rajya Sabha passed the Companies (Amendment) Bill, 2017 and on 3 January 2018, the Companies (Amendment) Act, 2017 (Amendment Act, 2017) received the assent of the President of India. Amendment of section 13 of Act of 1893. 5 lakh or more. Provided further that a certificate Let me help you to recall that the MCA had issued 11 notifications to introduced the Companies (2 nd Amendment) Act 2017, yet to be fully operational, with effect from 26 th January 2018. S. The omission of filing e-Form MGT-10 shall act as a relief to the companies as the same was a very strict compliance considering filing was to required be made within 15 days of change. Amendment of section 107. This Act may be cited as the Captive Insurance Companies (Amendment) Bill, 2018. Highlights of Companies Amendment Bill, 2016 The Companies (Amendment) Bill, 2016 to further amend the Companies Act as part of efforts to address difficulties faced by stakeholders and facilitate the ease of doing business in the country has been introduced in Lok Sabha on 16th March, 2016 by Hon’ble Minister of Finance, Corporate Vikas Goel, Abhishek Kumar & Arushi Gupta. The legislation also enacts the Cannabis Licence Act, 2018. Tags : Key highlights to Company Act amendment rules 2018, amendment in board meeting rules, amendment in auditors amendment rules,additional fee of Rs 100 per day for delayed in filing, changes in norms for appointment of Independent Directors, Amendment in Companies Prospectus and Allotment of Securities rules, Company Act amendment rules The Companies Act, 2013 (the Act) has been amended yet again, this time through a Presidential Ordinance on 02nd November, 2018. Definition. Section 2 (17) Highlights of the latest amendments. Repeals and revocations. Tags : Key highlights to Company Act amendment rules 2018, amendment in board meeting rules, amendment in auditors amendment rules,additional fee of Rs 100 per day for delayed in filing, changes in norms for appointment of Independent Directors, Amendment in Companies Prospectus and Allotment of Securities rules, Company Act amendment rules highlights of the companies (amendment) act, 2017 The Companies (Amendment) Act, 2017 which was passed by the Lok Sabha on July 27, 2017 and by the Rajya Sabha on December 19, 2017, has received the assent of the President of India on January 3, 2018 …11/01/2018 · President Trump tweeted in support of an amendment to the Foreign Intelligence Surveillance Act, or FISA, on Thursday. Rule 4- Form and Particular of advertisements or circulars Rule 4(1) after proviso following proviso shall be inserted. It got assent from the Honourable President of India on 3 January 2018 and has been notified in the Official Gazette of the same date to be an Amendment to the 2013 ActCompanies (Amendment) Bill 2017 in the Parliament in July 2017 which has been approved and received the assent of the President of India on 3 January 2018, and is enacted as law. On 3rd January 2018 Companies Amendment Act, 2017 receives the approval from the President. As issuers prepare their Form 10-K and 20-F filings for fiscal year 2018, they should consider the guidance provided in some recent speeches from officials of the Securities and Exchange Additionally, MCA issued amendment to certain rules under the Companies Act, 2013 (2013 Act). “Guide to Insolvency and Bankruptcy Code 2016” by Taxmann presents all the Highlights of Amendments in Insolvency and Bankruptcy code bill As Passed in Jan 2018. This issue of First Notes aims to provide an overview of the recently notified sections of the Amendment Act, 2017 and the amendments issued to the rules to the 2013 Act. The bill was passed in Lok Sabha by 323 members voting in favor and 3 members against the bill. 03. Highlights of the Finance Bill, 2018. The Companies Act, 2013 (Act) was the legislative outcome of a process that had begun a decade earlier. The President has given its assent to the The Central Goods and Services Tax (Amendment) Act 2018 , The Integrated Goods and Services Tax (Amendment) Act 2018. COMPANIES (AMENDMENT) ACT, 2018-42 3 4 th January, 2019 – Companies (Amendment) Bill, 2019 was introduced with an objective to amend the Companies Act, 2013 and to replace the Companies (Amendment) Ordinance, 2018, which was duly passed by the House of People and the same was presented before the Council of States. 57. Section 2 of the Banks and Trust Companies Act, 1990 (hereinafter referred to as This Act is the Companies (Amendment) Act 2018 and comes into operation on a date that the Minister appoints by notification in the Gazette. (2) It shall be deemed to have come into force on the 2nd day of November, 2018. . (E) . The key highlights of amendments in the Act are as follows: In a huge benefit to millions of private sector employees, Parliament recently approved the Payment of Gratuity (Amendment) Bill, 2018. Home Highlights December 2018 Year 2018 This ← Previous : Next → Companies (cost records and audit) Amendment Rules, 2018. Dec 20, 2018 The much-awaited amendment to the Companies Act was recently introduced by means of an ordinance. 2018 74 Amendment in Section 247 Valuation by Registered Valuers 09. New Delhi: The Companies (Amendment) Bill, 2017 which seeks to bring about major changes in the Companies Act, 2013, was passed by the Rajya Sabha on Tuesday by a voice vote. Major announcements. HIGHLIGHTS OF THE AMENDMENT. Amendments. 60. -In exercise of the powers conferred by section 134 read with section 469 of the Companies Act, 2013 ( 18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:-1. section 185 of companies act, 2013 – loans to directors as amended by companies (amendment) act, 2017: february 11, 2019; specified companies (furnishing of information about payment to micro and small enterprise suppliers) order, 2019 february 9, 2019; highlights of the interim budget 2019-20 february 6, 2019 24th December, 2018. AMENDMENTS OF COMPANIES ACT NO. Highlights of the ordinance: October 9, 2018 The Specific Relief (Amendment) Act 2018: a Hurried Legislation January 9, 2014 The State of Commercial Laws – FIDIC, 1999 versus Section 28 of the Indian Contract Act August 30, 2018 Group of Companies Doctrine: Making a non-signatory party to Arbitration Proceedings AMENDMENTS IN IPC BY CLAA, 2018 The Criminal Law (Amendment) Act, 2018 amended IPC in two ways; firstly, made amendments to existing sections. 59. 1/1/2018-CL. Section 82 of the Principal Act came into force on the date of the publibication of this Notification. Consequential Amendments. The Central Government has issued notification to make the following provisions of the Companies (Amendment) Act, 2017 to be applicable from the 7th May, 2018: Companies (Amendment) Act, 2017: Since the Notifications, Circulars, Clarifications, etc. PART 3. The legislation would overhaul the current healthcare system and replace it with one that empowers the federal government to act as the only healthcare provider. In the massive 848-page piece of legislation that Dodd-Frank became, the 7 pages that make up the amendment are hardly noticeable and can at first Skip to the Following Topics: Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA) Treasury CISADA Findings Against Bank of KunlunINTERNATIONAL BUSINESS COMPANIES (AMENDMENT) ACT, 2018 ARRANGEMENT OF SECTIONS 1. Punishment for fraud under Companies Act, 2013 to be included in scheduled offence RBI Act. ] (the “Investment Company Act”), unless otherwise indicated. Key changes to the definitions The Amendment Act 06/07/2015 · On 8 February 2019, the Ministry of Corporate Affairs released the Companies (Significant Beneficial Owners) Amendment Rules, 2019 to revise and amend the Companies (Significant Beneficial Owners), 2018. 2 Nov 2018 The Companies (Amendment) Ordinance, 2018 promulgated on November 02, 2018 thereby amending some of the sections of the Companies 5 Nov 2018 In this article, we shall discuss about the major highlights of the Companies (Amendment) Ordinance, 2018 along with the impact it will have on Highlights of the Companies (Amendment) Ordinance, 2018. Highlights of the Companies (Amendment) Ordinance, 2018. The Central Government has issued notification to make the following provisions of the Companies (Amendment) Act, 2017 to be applicable from the 7th May, 2018: [File No. HIGHLIGHTS OF THE ACT. 50) of Singapore (the “Act”) has recently undergone various legislative amendments pursuant to the Companies (Amendment) Act 2017. These amendments aim to create deterrence effect against the increasing sexual violence against minors. 56. (2) They shall come into force on the date of their publication in the official Gazette. com. (13 July 2018) Under the Securities and Futures (Amendment) Ordinance 2016, a new form of company called “Open-ended Fund Company” will be introduced in Hong Kong with effect from 30 July 2018. Companies Amendment Act 2017 : Key Highlights 1. 02/11/2018. The Companies Amendment Act, 2017 (Amendment Act) was notified on 3rd January 2018. Impacts of GST Amendment Act, 2018 which will be effective from 1st Feb, 2019. 4 andRep. The changes brought in the Companies Act, 2013 and the Companies(Amendment) Act, 2017 were not sufficient enough and so the Ministry of Law and Justice has brought in an Ordinance on 2nd November, 2018 named as Companies (Amendment) Ordinance, 2018 bringing amendment in 31 sections of the Act being enforced from the same day. ] An Act further to amend the Companies Act, 2013. Guides. This is the first time that substantive changes to the South African Companies Act (Companies Act), which became law in 2011, have been proposed. 2 | PwC • 2018 budget highlights. All are aware that the provisions of the Companies Act, 2013, came in to force with effect from 12. (Amendment) Bill, 2017 and on 3 January 2018, the Companies (Amendment) Act, 2017 (Amendment Act, 2017) received the assent of the President of India. The Lok Sabha has recently on 4th January 2019, passed the Companies (Amendment) Bill, 2018. 02. 09. ANNUAL REPORT 2017-18 6 NOTES: 1. Comments close on 20 November 2018. Short title. India Corporate/Commercial Law Singh & Associates 20 Dec 2018highlights of companies (amendment) ordinance, 2018 The Companies (Amendment) Ordinance, 2018 promulgated on November 02, 2018 thereby amending some of the sections of the Companies Act…Key Highlights of Companies (Amendment) Ordinance, 2018 Date 14 Nov 2018 The President of India had on November 02, 2018 promulgated The Companies (Amendment) Ordinance, 2018 thereby amending some of the sections of the Companies Act, 2013 (hereinafter referred to as “ Act ”). 08/05/2018 · Key highlights of amendments to various Rules under Companies Act, 2013 with Effect from May 07,2018 The Central Government has notified amendment to various rules under Companies Act, 2013. The said amendment act has been carried 93 sections which in totality have an impact on 107 sections of the Companies Act 2013 (“principal Act”). companies amendment act 2018 highlightsNov 14, 2018 The President of India had on November 02, 2018 promulgated The Companies (Amendment) Ordinance, 2018 thereby amending some of the Nov 5, 2018 In this article, we shall discuss about the major highlights of the Companies (Amendment) Ordinance, 2018 along with the impact it will have on Nov 2 It got assent from the Honourable President of India on 3 January 2018 and has been notified in the Official Gazette of the same date to be an Amendment to the 2013 Act (the 2017 Amendment Act). 1 OF 2018 [3rd January, 2018. to adopt simplified section 185 of companies act, 2013 – loans to directors as amended by companies (amendment) act, 2017: february 11, 2019; specified companies (furnishing of information about payment to micro and small enterprise suppliers) order, 2019 february 9, 2019; highlights of the interim budget 2019-20 february 6, 2019 The much-awaited amendment to the Companies Act was recently introduced by means of an ordinance. The amendment is effective from 7 th May 2018. Companies Act 2016 (currently based on audited accounts under Companies Act 1965). The bill would replace the ordinance promulgated on November 2018. It was the latest example of him contradicting his …The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Highlights of the Companies Amendment Act Posted on November 30, 2018 December 1, 2018 by admin2017 The Companies Amendment Act, 2017 (Amendment Act) was notified on 3rd January 2018. -In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub section (3) of section 129, section 133, section 134, sub-section FACTSHEET ON THE ELECTORAL ACT AMENDMENT BILL, 2018 AS PASSED BY THE NATIONAL ASSEMBLY FACTSHEETREVIEW OF RELEVANT INFORMATION ON NIGERIA’S DEMOCRACY Feb, 2018 This Factsheet contains highlights of the extensive amendments made to the 2010 Electoral Act (as amended) by the National Assembly. 10 July Jul 10, 2018 This Act is the Companies (Amendment) Act 2018 and comes into operation on a date that the Minister appoints by notification in the Gazette. (1) This Act may be cited as the BVI Business Companies (Amendment) Act, 2018. 11. The amendments are in line with the UNDROIT Principles Finance Act 2018; The Companies (Amendment) Bill, 2018 These rules may be called the Companies (Acceptance of Deposits) Amendment Rules, 2019. Amendment of section 2. 21. The twin objective of this landmark Nov 17, 2018 The main objective behind the promulgation of the Companies (Amendment) Act, 2018 is to amend or incorporate various provisions of the Act Apr 4, 2018 The Companies Amendment Act 2017, was first introduced in 2016 and was through notification of official Gazette on 03rd January, 2018. Key Highlights : Commencement Certificate is mandatory to be obtain within 6 months of Incorporation . 06/07/2015 · On 8 February 2019, the Ministry of Corporate Affairs released the Companies (Significant Beneficial Owners) Amendment Rules, 2019 to revise and amend the Companies (Significant Beneficial Owners), 2018. ) recently introduced the federal “Medicare for All Act of 2019,” along with 107 co-sponsors. Strengthening Regulatory GovernanceKey highlights of the Companies (Amendment) Ordinance, 2018 Please Wait . The Companies (Amendment) Ordinance, 2018 promulgated on November 02, 2018 thereby amending some of the sections of the Companies Act, 2013. Corruption (Amendment) Act, 2018 (the “Amendment Act”). The highly anticipated Public Private Partnership (Amendment) Act, No. Amendment of Principal Act - insertion of Schedules. 73 Amendment in Section 236 Purchase of Minority Shareholding 09. f. Amendment of section 2 of Principal Act. The amendments are in line with the UNDROIT Principles 52. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:— Short title and commencement. Various Sections of the Companies ( Amendment ) Act, 2017 will come into force on 15th August, 2018. I] (K. COMPANIES (AMENDMENT) ACT, 2018-42 3 Companies (Accounts) Amendment Rules, 2018: MCA Notification dt. 2(6)): “significant influence” shall now be mean control of at least 20 percent of the Total voting powers (earlier it was total share capital) or control of or participation in business decisions under an agreement. The amendment is consequential to the enforcement of section 24 of the Act, 2017 which states that Section 93 of the Act, 2013 is to be omitted. The year 2018 witnessed changes in key legislations including the Insolvency and Bankruptcy Code, 2016 (IBC) and Companies Act, 2013, aimed at streamlining proc The said amendment act has been carried 93 sections which in totality have an impact on 107 sections of the Companies Act 2013 (“principal Act”). The Bill considerably strengthens the law on specific performance by making the provisions for relief more efficacious. Plus, ICAI regularly issues RTPs which contains applicable amendments too, you can refer them for detailed information about applicable amendments. Key highlights Government notifies GST Amendment Acts 2018 Summary of Changes made in GST Rules vide Notification No. The Government of India has enacted the CGST (Amendment) Act 2018, the IGST (Amendment) Act 2018, the UTGST (Amendment) Act 2018 and the GST (Compensation to States) Amendment Act 2018, which has received the Presidential assent on 29-08-2018. Short title, collective citations, construction and commencement. U. of section 148 of the Companies Act, 2013, is required by the Company and accordingly such accounts and records are made and maintained, the financial summary or highlights; (h) material changes from the date of closure COMPANIES (STATUTORY AUDITS) ACT 2018. The legislation amends the Cannabis Act, 2017 (now named the Cannabis Control Act, 2017), the Ontario Cannabis Retail Corporation Act, 2017, the Liquor Control Act and the Smoke-Free Ontario Act, 2017 as well as making a consequential amendment to the Highway Traffic Act. 39 dated 04. Labuan Business Activity Tax (Amendment) Bill 2018 Highlights . Tortola, British Virgin Islands - 20 July 2018 - Today, the British Virgin Islands Financial Services Commission highlights two new additions to the regulatory and registrations regimes in the BVI: An amendment to the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 (the “AML Code”) and the Micro Business Companies Act, 2017 (the “MBC Act”). of 2018 6 “(6A) A company may be registered as a company limited by guarantee if the liability of its members is limited to the amount each members undertake to contribute to the assets of the company at the time it is being wound up. Reimagine the possible 2018 budget highlights. This Article made an attempt to analyze important changes in Companies (Prospectus and Allotment of Securities) Rules, 2014 , which was last amended by the Ministry of Corporate Affairs in New Delhi dated 15. MCA notifies Companies (Incorporation) Third Amendment Rules, 2018 Jul 30, 2018 MCA notifies Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2018 Sep 14, 2018 MCA notifies Companies (Appointmnent and Qualification of Directors) fourth Amendment Rules, 2018 w. MCA notifies Companies (Accounts) Amendment Rules, 2018. Sources told Business Recorder here on Monday that Super Tax was levied through the Finance Act, 2015 @ 4% on the income of banking companies and @ 3% on the income of persons other than banking companies. The legislative amendments to the Companies (Amendment) Act will take effect for companies with financial year ending on or after 31 August 2018. ) and Rep. Specific Relief (Amendment) Bill, 2018: Highlights & Takeaways. The Amendment Act, 2017 will come into force on such date as the Central Government Key highlights of amendments to various Rules under Companies Act, 2013 with Effect from May 07,2018 The Central Government has notified amendment to various rules under Companies Act, 2013. BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:— 1. Companies (Amendment) (No. (^_^) Key Highlights from Budget 2018: Bold on vision, short on outlays and focused on polls. On January 4, with an aim to improve the ease of doing business, the Lok Sabha passed the Companies (Amendment) Bill, 2018, designed to reduce the National Company Law Tribunal's (NCLT) burden in volume of insolvency cases, as well as prescribe strong action against non-compliant companies. Some highlights of the proposed amendments are:Highlights / Annotations. The amendment provides the provision of dedicated courts for the infra companies enumerated in the list of the new amendment act. A. It was subsequently passed by Rajya Sabha with 165 members in the favor and only 7 members against the bill. GST 2018 Amendments at a glance The goods and services tax came into force on the 1st of July 2017, until then there were different taxes for goods but after the implementation of goods and services tax uniform tax for most goods is at the range of eighteen percent. It is laudable that the flaws of the Amendment Act, 2015 have been noticed early on and are now being proposed to be rectified. HIGHLIGHTS OF THE AMENDMENT We set out the key changes brought about by the Amendment Act below. Start-Ups · For company registration, instead of affidavits, declarations will be required; · In case of incorporation, name reserved by the Registrar of Companies (“ROC”) shall be valid for 20 days from date of the approval instead of 60 days from the date of Let’s see the significant amendments made in 2018 in the CGST act. Amendment of section 131 2. The review highlights the under-representation of women within the private sector -in key-decision making positions- as well as the under representation key highlights of companies (amendment) bill, 2017 • Loans to Directors Under the Companies Act, 2013, companies are not allowed to advance any loan etc. Highlights on Key Changes . What are the Highlights of Companies (Amendment) Act, 2018? All the public and private companies are governed under the Companies Act 2013. Taxmann Companies Act with Rules Act 2018 - Buy Companies Act with Rules (Amendment) Act 2018 by Taxmann with best discount of 15% at meripustak. Some of these amendments came into effect on 31 August 2018, and were introduced with the objective of reducing regulatory burden and improving the ease of doing business. (1) This Act may be cited as the Banks and Trust Companies (Amendment) Act, 2018. (1) This Act may be called the Companies (Amendment) Act, 2018. 2) Ordinance 2018 . S. No dedicated courts and costly disputes. A review of the existing Companies Act and Limited Liability Partnership (LLPs) Act was conducted to ensure that the Singapore corporate regulatory system remains stable and continues to support developments and improvements for businesses and investors. In order to address above difficulties and issues, the cabinet has introduced, “The Arbitration & Conciliation (Amendment) Bill, 2018” and has approved the same. (i) In sub-rule (5), after clause (viii) the following clauses shall be inserted, namely:- “(ix) a disclosure, as to whether maintenance of cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013, The President has given his assent to the Companies (Amendment) Ordinance, 2018 (“Ordinance”) dated 02nd November, 2018 w. 9 of 2018 (the PPP Amendment Act) was gazetted and came into force in September 2018. In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub section (3) of section 129, section 133, section 134, sub section (1) of 136 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:-. The highlights of the Amendment Act are 1) Minimum number of persons of a company- The Amendment Act provides that if the minimum number of persons falls below 7 for a public company and below 2 for a private company and the company continues to carry on Subsequent to the notification dated 23 rd January, 2018, enforcing Sections 1 and 4 of the Companies (Amendment) Act, 2017, (Amendment Act, 2017”) w. 58. 2018 77 Amendment in Section 379 Application of Act to Foreign Companies 09. About Companies (Amendment) Bill, 2018: Latest Updates, Details, Features, Aim, Highlights. An Ordinance further to amend the Companies Act, 2013. Below is summary of amended Companies (Acceptance of Deposits) Amendment Rules, 2018 1. 2014. Promulgated by the President in the Sixty-ninth Year of the Republic of India. MCA Notifies Companies (Accounts) Amendment Rules, 2018: Companies under Ind AS Rules to forward their Abridged Financial Statement in new Form AOC-3A. 2018 Notification 84 Sections of Companies Amendment Act, 2017 MCA vide some notification notified 4 Section of Companies Amendment Act, 2017. Highlights of The Specific Relief (Amendment) Act 2018 has been passed by both Houses of Parliament after a brief discussion, but without debate. So, yes amendments in Companies Amendment Act, 2017 are applicable for the November, 2018 attempt. Amendment of section 322 AMENDMENT ACT 2018 Restriction on issuing Initial Coin Offering Subject to the provisions of section 4A, no person shall issue an Initial Coin Offering in or from within Bermuda unless that person is a company to which this Act applies and is for the time being registered with the Registrar of Companies under this Act. Key highlights of the Companies (Amendment) Ordinance, 2018 Please Wait . In this article, we will try to explain how the amendments 2018 in Specific Relief Actis going to change the situation in the current development phase of our country. The Committee after hearing the views of the representatives of the Chambers of Commerce and Industry as well as professional bodies adopted itsAmendment of section 2. The Prevention of Corruption Act, 1988 (the “Act”) was recently amended by the Prevention of Corruption (Amendment) Act, 2018 (the “Amendment Act”). About the authors I-5 Preface to the Twenty-Third Edition I-7 Preface to the First Edition I-9 Section-wise Index I-13 Key Highlights of Companies (Amendment) Act, 2017 I-21 1 UPDATE 22 May 2018 One of the most significant legal reforms of the country in recent times has been the enactment of the Companies Act, 2013 (the 2013 Act) as this was a major step towards October 9, 2018 The Specific Relief (Amendment) Act 2018: a Hurried Legislation January 9, 2014 The State of Commercial Laws – FIDIC, 1999 versus Section 28 of the Indian Contract Act August 30, 2018 Group of Companies Doctrine: Making a non-signatory party to Arbitration Proceedings 1. Highlights of the Companies (Amendment) Bill, 2018 passed by Lok Sabha View PDF. • The recommendation of the Union Cabinet for promulgation of the Companies Amendment (Ordinance), 2018 has been assented to by the President of India