The gazette notification issued by the Ministry of Corporate Affairs announces the enforcement date for Section 5 of the Companies (Amendment) Act, 2020.
Key Changes
The Central Government has appointed October 30, 2023, as the date on which the provisions of Section 5 of the Companies (Amendment) Act, 2020, will come into force.
This notification is issued in exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020).
Impact Analysis
Corporations
Companies should assess the impact of Section 5 on their existing policies and procedures and make necessary adjustments.
Stakeholders (Investors, Shareholders, etc.)
Investors may need to reassess their investment strategies based on the implications of the amended act.
Government and Regulatory Bodies
Regulatory bodies may need to update their guidelines and procedures to align with the amended act.
Key Entities Referenced
Ministry of Corporate Affairs: The government body responsible for issuing the notification and overseeing the implementation of the Companies (Amendment) Act, 2020.
Companies (Amendment) Act, 2020: The act that is being amended, specifically Section 5 of the act, which is now coming into force.
Central Government: The entity exercising the powers conferred by the Companies (Amendment) Act, 2020 to appoint the enforcement date.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-31102023-249804
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 4556] नई दिल्ली, सोमवार, अक्त बू र 30, 2023/कार्तकय 8, 1945
No. 4556] NEW DELHI, MONDAY, OCTOBER 30, 2023/KARTIKA 8, 1945
कारपोरेट कार् यमत्रं ालर्
अजधसचू ना
नई दिल्ली, 30 अक् तूबर, 2023
का.आ. 4744(अ).—केंद्रीर् सरकार, कंपनी (संिोधन) अजधजनर्म, 2020 (2020 का 29) की धारा 1 की
उपधारा (2) द्वारा प्रित्त िजिर्ों का प्रर्ोग करत े हुए, 30 अक्त ूबर, 2023 को उस तारीख के रूप में जनर्त करती ह ै जिस
तारीख को उि अजधजनर्म की धारा 5 के उपबंध लाग ूहोंगे।
[फा. स.ं 1/3/2020-सीएल.I]
इन्द्द्र िीप ससंह धारीवाल, संर्ुि सजचव
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 30th October, 2023
S.O. 4744(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Companies
(Amendment) Act, 2020 (29 of 2020), the Central Government hereby appoints the 30th day of October, 2023 as the
date on which the provisions of section 5 of the said Act shall come into force.
[F.No. 1 /3 /2020-CL.I]
INDER DEEP SINGH DHARIWAl, Jt. Secy.
6890 GI/2023
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.