MCA enforced certain provisions of Cos. (Amendment Act, 2020) w.e.f. Dec 21, 2020

The MCA has appointed the 21st day of December, 2020 as the date on which certain provisions of the Companies (Amendment) Act, 2020 shall come into force. As a result, provisions related to decriminalization of defaults pertaining to the requirements for formation of Sec. 8 Cos., non-compliance with provisions prescribing matters to be stated in the prospectus, transfer and transmission of securities and rectification of register of member and so have been effective.The MCA has appointed the 21st day of December, 2020 as the date on which certain provisions of the Companies (Amendment) Act, 2020 shall come into force. As a result, provisions related to decriminalization of defaults pertaining to the requirements for formation of Sec. 8 Cos., non-compliance with provisions prescribing matters to be stated in the prospectus, transfer and transmission of securities and rectification of register of member and so have been effective.taxmann.com Latest Statutory HappeningsRead More

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