Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021

The summary of the report is as follows:

The Ministry of Corporate Affairs has published a notification titled "Company (Amendment) Act, 2021" which amends the Companies Act, 2013. The amendment includes changes to sections 230 to 233 and 240 of the Act, as well as sub-sections (1) and (2) of section 469. The amendment also introduces a new section 235A, which allows the government to extend the applicability of certain provisions of the Act to certain companies. The amendment will come into effect from February 1, 2021.