Details of Sections enforced of Companies (Amendment) Act, 2017 
                   Sr.      Section in C(A)             Corresponding                              Brief of Amendment                                Date         of 
                   No.          Act, 2017               Section of                                                                                   enforcement 
                                                        Companies Act, 
                                                        2013 
                                                                                         Phase I 
                     1.     Section 1                 Section 1                                                                                      January  26, 
                                                                                       Short  title,  extent,  commencement  and                    2018 
                     2.     Section 4                 Section 4 (5) (i)                 application                                                  January  26, 
                                                      “Reservation of                 Reservation of name for 20 days against 60 days               2018 
                                                      name”                            from the date of approval for new companies; 
                                                                                      Existing companies change of name for 60 days 
                                                                                       from the date of approval. 
                                                                                      Earlier  the  day  count  was  from  the  date  of 
                                                                                       application. 
                     3.     Section           2       Section 2(6)-                     Phase II                                                     February   9,          9
                            except      clause        “associate company”             significant  influence-  control  of  20%  of  total          2018                   , 
                            (i) and (xiii)                                             voting  power, or control of or participation in 
                                                                                       business decisions under an agreement; 
                                                                                      joint  venture-  joint  arrangement  having  joint 
                                                                                       control of the arrangement have rights to the net 
                     4.     Section           2       Section 2(28)- “cost             assets of the arrangement;                                    February   9,           
                            except      clause        accountant”                      Requirement of holding COP.                                  2018 
                            (i) and (xiii)                                        
                   Sr.      Section in C(A)             Corresponding                              Brief of Amendment                                Date         of 
                   No.          Act, 2017               Section of                                                                                   enforcement 
                                                        Companies Act, 
                                                        2013 
                     5.     Section           2       Section 2(30)-                   Exclusion  to  the  instruments  referred  to  in            February   9,          9
                            except      clause        “debenture”                       Chapter  III-D  RBI  Act  and  such  other                   2018                   , 
                            (i) and (xiii)                                              instrument, as may be prescribed. 
                     6.     Section           2       Section 2(41)-                   The  proviso  relating  to  application  to  the             February   9,          9
                            except      clause        “financial year”                  Tribunal  India  has  been  extended  to  an                 2018                   , 
                            (i) and (xiii)                                              associate company as well. 
                     7.     Section           2       Section 2(46)-                   Company to  include a body corporate                         February   9,          9
                            except      clause        “holding company”                                                                              2018                   , 
                            (i) and (xiii)                                        
                     8.     Section           2       Section 2(49)-                   Omitted.                                                     February    9,         9
                            except      clause        “interested director”                                                                          2018                   , 
                            (i) and (xiii) 
                     9.     Section           2       Section 2(51)- “key              Inclusion of a whole time officer, not more than             February    9,         9
                            except      clause        managerial                        one level below the directors designated by the              2018                   , 
                            (i) and (xiii)            personnel”                        Board. 
                                                                                  
                     10.    Section           2       Section 2(57)- “net              Inclusion of debit or credit balance of profit and           February    9,         9
                            except      clause        worth”                            loss account.                                                2018                   , 
                            (i) and (xiii)                                        
                     11.    Section           2       Section 2(71)-                   Insertion of the word ‘and’ between the clauses.             February    9,         9
                            except      clause        “public company”                                                                               2018                   , 
                            (i) and (xiii)             
                   Sr.      Section in C(A)             Corresponding                              Brief of Amendment                                Date         of 
                   No.          Act, 2017               Section of                                                                                   enforcement 
                                                        Companies Act, 
                                                        2013 
                     12.    Section           2       Section 2(76)-                  Substitution  of  clause  (viii)  to  clarify  a  body        February   9,          9
                            except      clause        “related party”                  corporate to be treated as a related party;                   2018                   , 
                            (i) and (xiii)                                            Insertion  of  explanation  to  clarify  quantum  of 
                                                                                       investment by investing company or venture of 
                     13.    Section           2       Section 2(85)-                   the -company                                                  February   9,          9
                            except      clause        “small company’’                Increase of the paid up capital criteria from INR             2018                   , 
                            (i) and (xiii)                                             5  crore  to  INR  10  crore  and  turnover  criteria 
                                                                                       from INR  20 crore to INR 100 crore; 
                                                                                      Substitution of the words "as per profit and loss 
                                                                                       account for the immediately preceding financial 
                                                                                       year" for the words "as per its last profit and loss 
                     14.    Section           2       Section 2(87)-                   account"                                                      February   9,          9
                            except      clause        “subsidiary                      For control criteria, for the words "total share             2018                   , 
                            (i) and (xiii)            company”                          capital",  the  words  "total  voting  power"  has 
                                                                                        been substituted; 
                     15.    Section           2       Section 2(91)-                   Substitution  of  the  clause  to  mean  gross               February    9,         9
                            except      clause        “turnover”                        amount of revenue recognized in P/L from the                 2018                   , 
                            (i) and (xiii)                                              sale,  supply,  or  distribution  of  goods  or  on 
                     16.    Section 3                 Section 3A-                       account of services rendered, or both.                       February   9,           
                                                      “Members                        New section for members liability for reduction               2018 
                                                      severally liable                 of   number  of  members  below  statutory 
                                                      in certain                       minimum and  carries on business for more than 
                                                      cases”                           6 months; 
                                                                                      severally  liable  for  the  payment  of  the  whole 
                                                                                       debts and may be severally sued therefor. 
                   Sr.      Section in C(A)             Corresponding                              Brief of Amendment                                Date         of 
                   No.          Act, 2017               Section of                                                                                   enforcement 
                                                        Companies Act, 
                                                        2013 
                     17.    Section 7                 Section 21-                     Permits Board to authorise any employee                       February  9, 
                                                      “Authentication of                of the company.                                              2018 
                                                      documents”                  
                     18.    Section 9                 Section 35 (2) “Civil            Providing immunity to a person who proves of                 February  9, 
                                                      liability for mis-                having  relied  on  expert  opinion  pursuant  to            2018 
                                                      statements in                     which such person shall not be liable for mis-
                                                      prospectus”                       statement in prospectus. 
                                                       
                     19.    Section 11                Section 47 -“Voting              Reference is given to sub-section (1) of section             February  9, 
                                                      Rights”                           188 relating to restrictions for the party to the            2018 
                            Section 12                                                  contract to abstain from voting.                             February  9, 
                     20.                              Section 53(2)                   Removal  of  typo  error  and  exception                      2018 
                                                      “Prohibition on                   provided to Debt Restructuring scheme . 
                                                      issue of shares at          
                                                      discount”                   
                                                       
                     21.    Section 14                Section-62 (2)                  The change in the provision relates to the                    February  9, 
                                                      “Further issue of                 mode of sending the notice for rights offer.                 2018 
                                                      share capital”              
                                                       
                     22.    Section 17                Section 76A-                    Change brought in penal provisions in case                    February  9, 
                                                      “Punishment for                   of  contravention  of  the  manner  or  the                  2018 
                                                      contravention of                  conditions  prescribed  under  section  73, 
                                                      section 73 or section             section 76, rules made thereunder, failure 
                                                      76”                               to  repay  any  deposit  or  part  thereof,  or 
                                                                                        any  interest  due  thereon  within  the  time 
                                                                                        period  specified  under  section  73  or 
                                                                                        section 76 or rules made thereunder.