, MCA has notified the Companies (Amendment) Second Ordinance, 2019 ~ CS GAURAV SHARMA

February 22, 2019

MCA has notified the Companies (Amendment) Second Ordinance, 2019

The MCA has notified the Companies (Amendment) Second Ordinance, 2019 and it shall be deemed to have come into force on the 2nd day of November, 2018. An Ordinance further to amend the Companies Act, 2013. The Companies (Amendment) Ordinance, 2018 was promulgated by the President on the 2nd day of November, 2018 and the Companies (Amendment) Bill, 2019 to replace the Companies (Amendment) Ordinance, 2018 has been passed by the House of People on the 4th day of January, 2019 and is pending in the Council of States. The Companies (Amendment) Ordinance, 2019 was promulgated by the President on the 12th day of January, 2019 and shall cease to operate on the 13th March, 2019. Further, the Companies (Amendment) Bill, 2019 could not be taken up for consideration and passing in the Council of States, it is considered necessary to give continued effect to the provisions of the Companies (Amendment) Ordinance, 2019. 

Hope the information will assist you in your Professional endeavours. In case of any query / information, please do not hesitate to write back to us.