The Ministry of Corporate Affairs (MCA) notified the commencement date on which Section 23(i) of the Companies (Amendment) Act, 2017 will come into force.
The date on which the Section 23(i) of the Companies (Amendment) Act, 2017 will come into force is 5 March, 2021.
“In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the day of 05th March, 2021 as the date on which the provisions of clause (i) of section 23 of the said Act shall come into force,” the MCA notified.
Section 23(i) seeks to amend section 92 of the Companies Act, 2013 wherein the words “indicating their names, addresses, countries of incorporation, registration and percentage of shareholding held by them” were omitted. After the proviso, the proviso “Provided further that the Central Government may prescribe abridged form of annual return for “One Person Company, small company and such other class or classes of companies as may be prescribed” shall be inserted.Subscribe Taxscan Premium to view the Judgment
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