The Companies (Amendment) Act, 2020

The Companies (Amendment) Act, 2020

The Companies Amendment Act

Provisions notified & Applicable w.e.f. 22.01,2021

Introduction

The Companies Amendment Act, 2020 is being introduced with an aim to promote greater ease of doing business by decriminalizing various non compoundable offences in case of defaults made under the Companies Act, 2013 and rules made there under.

Prior getting nod from president of India, The Companies (Amendment bill, 2020) was introduced in both the houses of Indian parliament. The Companies (Amendment) bill, 2020 was based on the Company Law Committee which was set up under the Chairmanship of Shri Injeti Srinivas September 18, 2019 to suggest any further amendment require in the CA 2013.

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