SC: Clarificatory Statement Does Not Constitute a Binding Undertaking for Contempt Proceedings || Supreme Court: Litigant Cannot be Worse Off for Filing an Appeal under ‘No Reformatio in Peius’ || Orissa HC: Article 22(1) Arrest Rights Pre-Exist, Written Grounds Ruling Not Prospective || Kerala HC: Kissing a Child’s Penis Constitutes Penetrative Sexual Assault under POCSO || Madras HC: Married Daughter Cannot be Denied Compassionate Appointment Solely for Her Marriage || Bombay High Court: Child Welfare Prevails as ‘Joint Parenting’ is Not Recognised in Indian Law || Kerala HC: Minor’s Consent or Relationship with Accused Holds No Relevance under POCSO Act || Bombay HC: Failure to Prove Exact Quantum of Loss Does Not Bar Compensation || CCPA Fines Dial4Trade Rs. 10 Lakh for Online Ammonium Nitrate Listing Featuring Blast Images || Supreme Court: Multiple Cases Alone Cannot Justify an Externment Order

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 :