<h1>Companies Act 2013 Amended: No Minimum Share Capital, Optional Common Seal, New Penalties; Simplifies Compliance & Operations.</h1> The Companies (Amendment) Act, 2015, effective from May 25, 2015, introduces several changes to the Companies Act, 2013. Key amendments include removing the requirement for a minimum paid-up share capital, making the common seal optional, and introducing penalties for violations related to deposits. It also addresses fraud reporting thresholds, allows audit committees to approve related party transactions annually, and exempts certain transactions between holding companies and wholly-owned subsidiaries from shareholder approval. Additionally, the Act modifies the jurisdiction of special courts and alters procedures for winding up cases, aiming to simplify compliance and improve business operations.