Amendments

The Central Government in the exercise of the powers conferred by Section 203 (i) of the Companies Act, 2013 (18 of 2013) read with Section 2 (51) and Section 469 of the said Act, amended the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 to introduce Rule 8A stating that a company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a whole-time company secretary.

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Amendments

The Central Government in exercise of powers conferred by Section 73 and 76 read with Section 469(1); of the Companies Act, 2013 amended the Rule 5(1); of the Companies (Acceptance of Deposits) Rules, 2014 by an amendment called the Companies (Acceptance of Deposits) Amendment Rules, 2014 dated June 6, 2014 wherein the proviso has been inserted that the companies may accept the deposits without deposit insurance contract till the 31st March, 2015.

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Amendments

The Central Government in exercise of the powers conferred under Section 470(1); of the Companies Act, 2013, passed an order called the Companies (Removal of Difficulties) Second Order, 2014 dated June 2, 2014 to the effect that the Company Law Board shall exercise the jurisdiction, powers, authority and functions under Section 74(2) of the Act until a date is notified by the Central Government under Section 434(1); of the Act.

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