Bombay HC: Insolvency Cannot be Used to Evade a Family Court’s Maintenance Order || Kerala HC: Forklifts and Factory Cranes Are Motor Vehicles and Must be Registered under MV Act || Guj HC: Edible Crude Palm Kernel Oil Qualifies for Duty Exemption; End-Use Condition not Applicable || NCLAT Delhi: Advance under Land-Development MoU is not Financial Debt and Cannot Trigger CIRP || NCLAT: NCLT Cannot Change Capital Structure of a Legally Compliant Successful Auction Purchaser || Supreme Court: Endless Investigation and Long Delay in Filing Chargesheet Can Justify Quashing Case || SC: Landowners Accepting Compensation Settlements Cannot Later Claim Statutory Benefits || Supreme Court: Provident Fund Dues Have Priority over a Bank’s Claim under the SARFAESI Act || Supreme Court: Indian Courts Cannot Appoint Arbitrators for Arbitrations Seated Outside India || Madras HC: Police Superintendent not Liable For IO’s Delay In Filing Chargesheet or Closure Report

Companies (Share Capital and Debentures) Third Amendment Rules, 2016- (Ministry of Corporate Affairs) (19 Jul 2016)

MANU/DCAF/0096/2016

Company

The government introduced the Companies (Share Capital and Debentures) Third Amendment Rules 2016, amending the extant 2014 rules.

Among the changes is the insertion of a proviso in Rule 4(1)(g), which states: “Provided that a company may issue equity shares with differential rights upon expiry of five years from the end of the financial year in which such default was made good.”

Rules 8, 12, 13 and 15 of the Companies (Share Capital and Debentures) Rules 2014 have also been amended.

Relevant : Companies (Share Capital and Debentures) Rules, 2014 MANU/DCAF/0073/2014

Tags : COMPANY SHARE CAPITAL RULES AMENDMENT 2016

Share :