Supreme Court: Companies Can Face Prosecution Without Individual Officers Being Named || SC: Penalties on Insolvent Developers cannot be Recovered from Homebuyers as CIRP Costs || Allahabad HC: ‘Sar Tan Se Juda’ Hits Sovereignty, Unlike ‘Allahu-Akbar’, ‘Jai Shri Ram’ || Kerala High Court: Married Woman Cannot Claim Sex Was Based Solely on Promise of Marriage || Madras High Court Refuses Equal Recitation of Tamil Hymns With Sanskrit at Meenakshi Temple || Delhi HC: Absence of ‘Penetration’ In Child Victim’s Testimony Not Enough to Acquit Rape Accused || J&K High Court: Possession of Allegedly Anti-National Book Cannot Justify Preventive Detention || Delhi High Court: DNA Evidence Proves Sexual Intercourse, Not Consent || Madras High Court Upholds Appointment of District Judges as Tamil Nadu Lokayukta Secretary || Allahabad High Court: IO’s Mere Apprehension Cannot Justify Withholding Seized Items

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 :