SC: Exporters with Pending Applications Prior to Rule 96(10) Omission Entitled to IGST Refund || Bombay HC to Scrap Law College Intake Cuts if Mumbai University Follows Prescribed Timelines || Delhi HC Orders Removal of Derogatory Online Content Targeting Actress Tabu || Madras HC Orders Interim Elected Panel to Manage State Bar Council Affairs Until New Committee Forms || Patna HC: Whatsapp Messages Need Section 65B Certificate, Oral Evidence is Insufficient || Allahabad HC: Denying Maintenance That Forces Wife into Destitution Violates Art 21 Right to Dignity || Rajasthan HC Takes Suo Motu Notice of Structural Defects After IIT Bombay Warns Dome May Collapse || Bombay HC: 0.1 Mg Above Alcohol Limit is Insufficient to Warrant a Drunken Driving Trial || Supreme Court: Marking a Document as an Exhibit Does Not Prove its Contents || Supreme Court: Unpaid Consideration Alone Does Not Invalidate a Sale Deed

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 :