Notifications

Enforcement of amendment in Section 23 of Companies Act, 2013 by Companies (Amendment) Act, 2020 – MCA Notification SO-4744(E) dated 30.10.2023

On 30.10.2023, MCA notifies the amendments in Section 23- “Public offer and private placement”, of the Companies Act, 2013 w.e.f. 30.10.2023.

By the Companies (Amendment) Act, 2020 (s.5), the following two sub-sections were inserted:
“(3) Such class of public companies may issue such class of securities for the purposes of listing on permitted stock exchanges in permissible foreign jurisdictions or such other jurisdictions, as may be prescribed.

(4) The Central Government may, by notification, exempt any class or classes of public companies referred to in sub-section (3) from any of the provisions of this Chapter, Chapter IV, section 89, section 90 or section 127 and a copy of every such notification shall, as soon as may be after it is issued, be laid before both Houses of Parliament.”

The above provisions enforced w.e.f 30.10.2023 vide the notification no. S.O. 4744(E) dated 30th October, 2023.

Enforcement of amendment in Section 23 of Companies Act, 2013 by Companies (Amendment) Act, 2020 – MCA Notification SO-4744(E) dated 30.10.2023 Read Post »

Enforcement of Sections of Mediation Act, 2023 – SO-4384(E) dated 09.10.2023

The Central Government appoints the 9th day of October, 2023 as the date on which the provision of the following sections of the Mediation Act, 2023 (32 of 2023) shall come into force, namely:-
(1) Section 1;
(2) Section 3;
(3) Section 26;
(4) Sections 31 to 38 (both inclusive);
(5) Sections 45 to 47 (both inclusive);
(6) Sections 50 to 54 (both inclusive); and
(7) Sections 56 to 57 (both inclusive).

The Complete Act is available here: https://ibclaw.in/mediation-act-2023-section-wise-bare-act/

Enforcement of Sections of Mediation Act, 2023 – SO-4384(E) dated 09.10.2023 Read Post »

Moratorium under IBC, 2016 shall not apply to transactions, arrangements or agreements, under the Convention and the Protocol, relating to aircraft, aircraft engines, airframes and helicopters – MCA Notification No. SO-4321(E) dated 03.10.2023

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 3rd October, 2023 S.O. 4321(E).—WHEREAS, the Convention on International Interests in Mobile Equipment and

Moratorium under IBC, 2016 shall not apply to transactions, arrangements or agreements, under the Convention and the Protocol, relating to aircraft, aircraft engines, airframes and helicopters – MCA Notification No. SO-4321(E) dated 03.10.2023 Read Post »

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