Dec 31, 2020

Commencement of Companies (Amendment) Act, 2020

The MCA, by its Notification dated December 21, 2020, has notified 45 sections of the Companies (Amendment) Act, 2020 (‘CAA’). Details of the provisions proposed to be amended by the CAA are reported here. The key provisions notified under the CAA, inter alia, include: (i) amendments related to provisions of winding up and dissolution of a company; (ii) reduction of penalties and fines/imprisonment for certain offences; and (iii) removal of imprisonment for certain offences.

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