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ARTICLE · 06 JULY 2015

Companies (Amendment) Act, 2015: Key Highlights

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The Government of India had received several representations from industry stakeholders for amending various provisions of Companies Act, 2013 to ensure ease of doing business in India.

IndiaCorporate/Commercial Law

The Government of India (GOI) had received several representations from industry stakeholders for amending various provisions of Companies Act, 2013 (CA 2013) to ensure ease of doing business in India. Towards this, the Companies (Amendment) Act, 2015 (CA Amendment 2015) received the assent from the President of India on 25 May 2015 after both the houses of the Parliament approved the CA Amendment 2015. The CA Amendment 2015 has been published in the Official Gazette on 26 May 2015 and is a welcome step towards addressing some of the concerns under CA 2013, though there are several other concerns which are yet to be addressed by the GOI.

The Central Government is authorised to appoint different dates for implementation of different provisions in the CA Amendment 2015. Accordingly, while most provisions have become effective from 29 May 2015, certain amendments are yet to be notified (as specifically mentioned below).

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