Jobner Bagh STN Road, Jaipur support@taxwink.com

Companies (Share Capital and Debentures) Amendment Rules, 2023

Companies (Share Capital and Debentures) Amendment Rules, 2023

Companies (Share Capital and Debentures) Amendment Rules, 2023

 

The Ministry of Corporate Affairs (MCA) published the Companies (Share Capital and Debentures) Amendment Rules, 2023 on 21st January 2023 to further amend the Companies (Share Capital and Debenture) Rules, 2014.

 

They shall come into force with effect from 23rd January, 2023.

 

The following is the amendment made namely: -

In Rule 17 which states “Buy-back of shares or other securities”,

 

a. For sub-rule (14), the following sub-rule shall be substituted namely:

“(14) There shall be a declaration with the return filed with the Registrar in Form No. SH. 11, signed by two directors of the company including the managing director, if any, certifying that the buy-back of securities has been made in compliance with the provisions of the Act and the rules made thereunder.”,

 

b. In the Annexure the following forms shall be substituted namely:

i. Form No. SH-7 which states “Notice to Registrar of any alteration of share capital” Form No. SH-8 which states “Letter of Offer” and Form No. SH-9 which states “Declaration of Solvency”.

 

Detailed Notification is attached below.

 

 

Notification amending Share Capital and Debentures Rules

Download

Request a Call Back

We’re here to help and answer any question you might have. We look forward to hearing from you 🙂



These are the personal views of the author and the Taxwink.com is not responsible in regard to correctness of the same.

Author Bio

Qualification:
Bio: The article has been contributed by the team of Taxwink dedicated to provide knowledge and updations to their users. For support mail at: support@taxwink.com
Total Posts: 702
`
Unsubscribe