• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Law & Policy

Companies (Amendment) Bill, 2020

November 2, 2020
in Law & Policy
Reading Time: 2min read
0
Companies (Amendment) Bill, 2020
96
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook

In news

The Companies (Amendment) Bill, 2020 was passed by Parliament

Key amendments to the Companies Act, 2013

  • Changes to offences: The Bill makes three key changes. 
    1. First, it moves 23 compoundable offences to in-house adjudication where penalties will be levied instead of imposing fines/imprisonment (e.g., for non-maintenance of registers). 
    2. Second, 11 offences are being amended to restrict punishment to fines only and to remove imprisonment (e.g., for noncompliance with provisions related to foreign companies). 
    3. Third, seven offences are being omitted (e.g., for non-compliance with certain orders of the National Company Law Tribunal). 
  • Corporate Social Responsibility (CSR): The Bill exempts companies with a CSR liability of up to Rs 50 lakh a year from setting up CSR Committees. Further, companies which spend any amount in excess of their CSR obligation in a financial year can set off the excess amount towards their CSR obligations in subsequent financial years. 
  • The Bill empowers the central government to allow certain classes of public companies to list classes of securities (as may be prescribed) in foreign jurisdictions.
  • The proposed bill also empowers the central government, in consultation with the Securities and Exchange Board of India, to exclude companies issuing specified classes of securities from the definition of a “listed company”
  • Bill extends the remuneration to non-executive directors, including independent directors which was there only for executive directors
  • The Bill seeks to establish benches of the National Company Law Appellate Tribunal. These shall ordinarily sit in New Delhi or such other place as may be notified.
Source: PRS India
Tags: Prelims

Related Posts

Sedition Law: It is not seditious to disagree with the Government

Sedition Law: It is not seditious to disagree with the Government

March 6, 2021
National Capital Territory of Delhi Laws (Amendment) Bill

National Capital Territory of Delhi Laws (Amendment) Bill

March 6, 2021
Gairsain to be summer capital of Uttarakhand

Gairsain to be summer capital of Uttarakhand

March 6, 2021
No Confidence motion against Haryana government

No Confidence motion against Haryana government

March 6, 2021
The Constitution (Scheduled Castes) Order (Amendment) Bill, 2021

The Constitution (Scheduled Castes) Order (Amendment) Bill, 2021

March 6, 2021
Central Board For Film Certification

Central Board For Film Certification

March 6, 2021
Right to Vote: No Postal Ballot for NRI Voters in West Bengal Elections

Right to Vote: No Postal Ballot for NRI Voters in West Bengal Elections

March 5, 2021
Vision of New India by 2030

Vision of New India by 2030

March 5, 2021
Ease of Living Index 2020 and Municipal Performance Index

Ease of Living Index 2020 and Municipal Performance Index

March 5, 2021
Parivar Pehchan Patra

Parivar Pehchan Patra

March 4, 2021
Please login to join discussion
March 2021
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
293031 
« Feb    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tags

AIR Down to Earth GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims PRS India RSTV Science Reporter Survey Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tag

AIR Down to Earth GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims PRS India RSTV Science Reporter Survey Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In