Companies Amendment Act 2019 comes into force on 15 January 2020

The Companies (Amendment) Act 2019 will now come into force on 15 January 2020. This makes the first set of amendments to the Companies Act 2016.

The enforcement date was gazetted through P.U. (B) 16/2020. On the same date of 15 January 2020, the Companies (Company Auditor and Liquidator Fees) Regulations 2020 will also come into force (see P.U. (A) 9/2020).

I have written about the seven key changes under the Companies (Amendment) Act 2019.

The amendments include clarifying the scope of section 66 for execution of documents, redemption of preference shares out of capital, the appointment of a receiver or receiver and manager after winding up, and the secured creditor’s right to veto a judicial management application.

 

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