Changes in Companies Act 2013 done in Dec 2014

Amendment to Section	Subject Matter	Changes Made
2(68) Private Company	Requirement related to minimum paid up share capital of 1 Lakh	Omitted
2(71) Public Company	Requirement related to minimum paid up share capital of 5 Lakh	Omitted
9 Effect of Registration	Requirement of a Common Seal	Omitted
11 Commencement of Business	Declaration by Director	Consequential
12 Registered Office of Company	Engraving of name in Seal	Consequential
22 Execution of Bills of exchange	Power of Attorney to execute on behalf of the company	In case of no Common Seal, the authorisation under this sub-section shall be made by two directors or by a director and the Company Secretary, wherever the company has appointed a Company Secretary
46 Certificate of Shares	Issue of Share Certificate	In case of no Common Seal, the certificate shall be signed by two directors or by a director and the Company Secretary, wherever the company has appointed a Company Secretary
76A Punishment on Contravention of Section 73 or 76	Insertion of new section	Fine between one crores rupees to ten crore rupees and imprisonment which may extend to seven years with or without fine between 5lakhs to 2 corores
117 Resolutions and Agreements to be filed	Registration of Resolutions/Agreements	Public Inspection of resolutions/agreements so filed shall not be open to public inspection.
123 Declaration of Dividend	Requirement of free reserves	No dividend shall be declared unless carried over previous losses and depreciation are set off against profit of the company for the current year
124 Unpaid Dividend	Transfer to Investor Education and Protection Fund	Unpaid or un-claimed dividend for 7 or more consecutive years shall be transferred to Investor Education and Protection Fund
134 Financial Statements, Boards Report	Attachments to be made to Boards’ Report	Details in respect of frauds reported by auditors u/s 143(12) other than those which are reportable to the Central Government.
143 Power and Duties of auditors and auditing standards	Reporting of fraud by auditor	Two categories have been prescribed based on amount involved- (a)      Equal or more than prescribed–reporting shall be to central Government. (b)     Less than prescribed-reporting to audit committee and shall be disclosed in Board’s Report
177 Audit Committee	Term of reference of Audit Committee	Audit Committee may make omnibus approval for related party transactions proposed to be entered
185 Loans to Directors	Exclusions to restrictions on Loans	Loan or guarantee by holding to subsidiary and utilised for principal activities of subsidiary excluded
188 Related Party Transactions	Special Resolution required for transactions exceeding prescribed amount	Requirement of Special resolution done away. Also transactions between holding and wholly owned subsidiary (whose accounts are consolidated with such holding company and placed before the shareholders at the general) taken out of purview of passing of resolution
212 Investigation into affairs of company by Serious Fraud Investigation Office	Cognizable Offences prohibiting release on bail	Relaxation has been given by taking out offences other than covered in section 447
223 Inspectors Report	The authentication of Inspectors report under by Common Seal	Consequential
419 Benches of Tribunal	Constitution of Special Benches for rehabilitation, restructuring, revival of companies	Special Benches not to be constituted for winding up
435 Establishment of Special Courts	Special Courts for speedy trial	Special Courts shall be established/designated only for trial of offences punishable with imprisonment of two years or more and all other offences shall be tried, by a Metropolitan Magistrate or a Judicial Magistrate of the First Class having jurisdiction to try any offence under this Act or previous company  law
436	Offences triable by special courts	Consequential

Above article has been pulled from http://abcaus.in/companies-amendment-bill-2014/section-wise-summary-passed-in-lok-sabha.html

Link to the amendment bill http://abcaus.in/companies-amendment-bill-2014/cos-amnd-bill-2014-lok-sabha.pdf