<h1>Companies (Amendment) Act, 2017: New Rules on Discounted Shares, Managerial Pay, and Asset Valuation Effective January 2018.</h1> The Central Government has notified the Companies (Amendment) Act, 2017, effective from January 3, 2018. The Act introduces significant changes impacting the Insolvency and Bankruptcy Code, 2016. It permits companies to issue shares at a discount to creditors when converting debt into equity under a statutory resolution plan. Additionally, it mandates prior approval from creditors for managerial remuneration if a company defaults on payments. Furthermore, the Act restricts registered valuers from valuing assets in which they have had a direct or indirect interest within three years before or after their appointment.