India:
Remaining Provisions Of Companies (Amendment) Act, 2019 Notified (Except CSR Related)
26 August 2019
AZB & Partners
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On recent amendments to the Companies Act, 2013
('Companies Act'), accessible on our
website
here. As mentioned in that Client Alert, there were
certain amendments to the Companies Act, pursuant to Companies
(Amendment) Act, 2019, notification of which was pending. The
Ministry of Corporate Affairs has now, by way of its notification
dated August 14, 2019, notified that these balance provisions
(other than those relating to Corporate Social Responsibility
('CSR')) will be effective from August 15,
2019.
Since the CSR related amendments have not been made effective,
for now CSR will continue to be voluntary, and not spending the
prescribed amount on CSR would not be treated as a criminal
offence.
Date: August 21, 2019
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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