SC: Fixed Shares Paid to Association of Persons Members are Taxable as Income, Regardless of Profit || Supreme Court: Wife Pursuing Her Career Cannot be Deemed Cruelty For Hurting Her Husband || Supreme Court: Appeals Must Include Certified Copies of Orders, as E-Filing Alone is Insufficient || Supreme Court: Children Have a Fundamental Right to Receive Education in Their Mother Tongue || Delhi High Court: Employer’s Delhi Head Office Alone Does Not Give Delhi Labour Courts Jurisdiction || Delhi High Court: Labour Courts Cannot Decide Disputed TA/DA Claims under Section 33C(2) of ID Act || J&K&L HC: Rejection of a Representation Does Not Create Fresh Cause of Action in Service Matters || J&K&L HC: Suspension Period Can be Excluded Only For Back Wages and Not For Seniority or Promotion || Supreme Court: SC/ST Act Does Not Apply to Alleged Casteist Abuse Inside a Private House || Supreme Court: Frictionless Relationship Between the Bar and the Bench Strengthens Justice Delivery

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 :