MCA vide Notification No. S.O.__(E) on Wednesday, 12th September, 2018 has appointed 12th day of September, 2018 as the date on which the following provisions of Companies (Amendment) Act, 2017 shall come into force:
| Sr. No. | Section
(as per Companies Amendment Act, 2017) |
Section
(as per Companies Act, 2013) |
Section pertains to |
| 1. | Section 66 | Section 196 | Appointment of Managing Director, Whole-time Director or Manager |
| 2. | Section 67 | Section 197 | Overall Maximum Managerial Remuneration and Managerial Remuneration in Case of Absence or Inadequacy of Profits |
| 3. | Section 68 | Section 198 | Calculation of Profits |
| 4. | Section 69 | Section 200 | Central Government or Company to Fix Limit with Regard to Remuneration |
| 5. | Section 70 | Section 201 | Forms of, and Procedure in Relation to, Certain Applications |
The said Notification can be accessed through the following link:MCANotf_S.O._(E)_dt.12.09.2018_Commencement Notf. for Cos.Amend. Act,2017