{"id":1457,"date":"2021-03-31T11:53:42","date_gmt":"2021-03-31T11:53:42","guid":{"rendered":"https:\/\/www.akgvg.com\/blog\/?p=1457"},"modified":"2021-04-02T07:29:18","modified_gmt":"2021-04-02T07:29:18","slug":"section-23-and-section-45-of-companies-amendment-act-2020","status":"publish","type":"post","link":"https:\/\/www.akgvg.com\/blog\/section-23-and-section-45-of-companies-amendment-act-2020\/","title":{"rendered":"Section 23 and section 45 of Companies (Amendment) Act, 2020"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/04\/WhatsApp-Image-2021-04-01-at-1.01.22-PM.jpeg\" alt=\"\" class=\"wp-image-1470\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/04\/WhatsApp-Image-2021-04-01-at-1.01.22-PM.jpeg 1000w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/04\/WhatsApp-Image-2021-04-01-at-1.01.22-PM-300x300.jpeg 300w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/04\/WhatsApp-Image-2021-04-01-at-1.01.22-PM-150x150.jpeg 150w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/04\/WhatsApp-Image-2021-04-01-at-1.01.22-PM-768x768.jpeg 768w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/04\/WhatsApp-Image-2021-04-01-at-1.01.22-PM-230x230.jpeg 230w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>The Ministry of Corporate Affairs vide its notification dated 24<sup>th<\/sup> March 2021 issued the commencement of Section 23 and Section 45 of the Companies (Amendment) Act, 2020.<\/p>\n\n\n\n<p><strong><em><u>Notification: <\/u><\/em><\/strong><a href=\"http:\/\/www.mca.gov.in\/Ministry\/pdf\/CommencementNotification_24032021.pdf\" target=\"_blank\" rel=\"noopener\"><strong><em>http:\/\/www.mca.gov.in\/Ministry\/pdf\/CommencementNotification_24032021.pdf<\/em><\/strong><\/a><strong><em><u><\/u><\/em><\/strong><\/p>\n\n\n\n<p>Section 23 of the Companies (Amendment) Act, 2020 seeks to amend Section 124 of the Companies Act 2013by replacing the sub-section (7) of the same.&nbsp;<\/p>\n\n\n\n<p>Similarly, Section 45 of the Companies (Amendment) Act, 2020 seeks to amend Section 247 of the Companies Act 2013 by replacing the sub-section (3) of the same.<\/p>\n\n\n\n<figure class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"632\" height=\"165\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/Capture.PNG-1-1.png\" alt=\"\" data-id=\"1460\" data-full-url=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/Capture.PNG-1-1.png\" data-link=\"https:\/\/www.akgvg.com\/blog\/?attachment_id=1460\" class=\"wp-image-1460\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/Capture.PNG-1-1.png 632w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/Capture.PNG-1-1-300x78.png 300w\" sizes=\"auto, (max-width: 632px) 100vw, 632px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<p><strong><u>SECTION 124 (7)<\/u><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"625\" height=\"228\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-12.png\" alt=\"\" class=\"wp-image-1459\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-12.png 625w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-12-300x109.png 300w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/figure>\n\n\n\n<p><strong><u>SECTION 247(3)<\/u><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"632\" height=\"128\" src=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-13.png\" alt=\"\" class=\"wp-image-1461\" srcset=\"https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-13.png 632w, https:\/\/www.akgvg.com\/blog\/wp-content\/uploads\/2021\/03\/image-13-300x61.png 300w\" sizes=\"auto, (max-width: 632px) 100vw, 632px\" \/><\/figure>\n\n\n\n<p><strong>This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise.&nbsp;<a href=\"https:\/\/www.akgvg.com\/\">AKGVG &amp; Associates<\/a>&nbsp;does not intend to advertise its services through this.<\/strong><\/p>\n\n\n\n<p>Posted by: CA Neetu Saini<\/p>\n\n\n\n<p><a href=\"https:\/\/www.akgvg.com\/\"><strong>AKGVG &amp; Associates<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Corporate Affairs vide its notification dated 24th March 2021 issued the commencement of Section 23 and Section 45 of the Companies (Amendment) Act, 2020. Notification: http:\/\/www.mca.gov.in\/Ministry\/pdf\/CommencementNotification_24032021.pdf Section 23 of the Companies (Amendment) Act, 2020 seeks to amend Section 124 of the Companies Act 2013by replacing the sub-section (7) of the same.&nbsp; Similarly,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[469,473,277],"class_list":["post-1457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-secretarial-services","tag-secretarial-audit","tag-secretarial-service","tag-secretarial-support"],"_links":{"self":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/comments?post=1457"}],"version-history":[{"count":3,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1457\/revisions"}],"predecessor-version":[{"id":1479,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1457\/revisions\/1479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media\/1470"}],"wp:attachment":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media?parent=1457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/categories?post=1457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/tags?post=1457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}