Companies (share capital and debentures) rules, 2014 amended
February 12, 2021
The MCA has amended the Companies (Share Capital and Debentures) Rules, 2014 to insert a new Rule 12A which provides that the time period for notice, under section 62(1)(a)(i) of the Companies Act 2013 for further issue of share capital, within which the offer of shares shall be made for acceptance, shall be not less than seven days from the date of offer. [Sub-clause (i) of clause (a) of sub-section (1) of section 62 provides for a time period of not less than fifteen days and not exceeding thirty days from the date of offer]
The amendment comes into force from 1 April 2021. To refer to the Companies (Share Capital and Debentures) Amendment Rules, 2021, click here.
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