The calendar year of 2018 started with the enactment of the Companies (Amendment) Act, 2017.The Act brings with it the key changes in the company law especially related to disclosure, compliance, corporate governance, accountability. The entire Companies (Amendment) Act, 2017 is vast area of study. The idea behind this article is to present the gist of amendments as a ready recokner for reference to the esteemed members. The flow of article starts with the background and introduction of Companies (Amendment) Act, 2017. As we approach ahead, comes the various definitions and gist of amendments made under the aforesaid Act and finally a conclusion at the end of the article.