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Companies (Share Capital and Debentures) Amendment Rules, 2019. - F.No. 01/04/2013-CL-V- Part-Ill - G.S.R 574 (E) - Companies Law

Extract

..... ely:- "(c) the voting power in respect of shares with differential rights of the company shall not exceed seventy four per cent. of total voting power including voting power in respect of equity shares with differential rights issued at any point of time;" ; ii) clause (d) shall be omitted. 3. In the principal rules, in rule 5, in sub-rule (3), in the Explanation, occurring at both the places, for the word "director", the words "director or company secretary" shall be substituted. 4. In the principal rules, in rule 12, in sub-rule (1), in proviso to Explanation- (i) for the letters, figures, brackets and words "G. S.R. 180(E), dated 17th February, 2016 issued by the Department of Industrial Policy and Prom .....

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Companies (Share Capital and Debentures) Amendment Rules, 2019. - F.No. 01/04/2013-CL-V- Part-Ill - G.S.R 574 (E) - Companies Law

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..... as specified in sub-clause (i)), Debenture Redemption Reserve is not required in the following cases - (A) in case of public issue of debentures A. for NBFCs registered with Reserve Bank of India under section 45-IA of the RBI Act, 1934 and for Housing Finance Companies registered with National Housing Bank; B. for other listed companies; (B) in case of privately placed debentures, for companies specified in sub-items A and B. (iv) for unlisted companies, (other than All India Financial Institutions and Banking Companies as specified in sub-clause (i)) - (A) for NBFCs registered with RBI under section 45-IA of the Reserve Bank of India Act, 1934 and for Housing Finance Companies registered with National Housing Bank, Debenture Redemption Re .....

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Companies (Share Capital and Debentures) Amendment Rules, 2019. - F.No. 01/04/2013-CL-V- Part-Ill - G.S.R 574 (E) - Companies Law

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..... any other company which is notified under sub-clause (f) of section 20 of the Indian Trusts Act, 1882: Provided that the amount invested or deposited as above shall not be used for any purpose other than for redemption of debentures maturing during the year referred above. (c) in case of partly convertible debentures, Debenture Redemption Reserve shall be created in respect of non-convertible portion of debenture issue in accordance with this sub-rule. (d) the amount credited to Debenture Redemption Reserve shall not be utilized by the company except for the purpose of redemption of debentures." [F.No. 01/04/2013-CL-V- Part-Ill] K.V.R. Murty, Joint Secretary Note:- The principal rules were published in the Gazette of India, Extraordin .....

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Companies (Share Capital and Debentures) Amendment Rules, 2019. - F.No. 01/04/2013-CL-V- Part-Ill - G.S.R 574 (E) - Companies Law

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