Legal and Corporate Secretarial Updates
Ministry of Corporate Affairs (MCA): Companies (Share Capital and Debentures) Amendment Rules, 2021
Companies Amendment Rules 2021
MCA has vide its Circular dated 11th day of February, 2021 notified the Companies (Share Capital and Debentures) Amendment Rules, 2021.
The amendment has reduced the requirement of minimum period to be offered by the Companies for acceptance, to their existing shareholders from existing period of 15 (fifteen) days to 7 (seven) days with respect to the issue of further shares by the Companies under the provisions of Section 62(1) (a)(i) of the Companies Act, 2013.
The said rules shall be effective from 1st day of April, 2021.
Last updated: 16/02/2021
Article contributed by:
Associate Director- Corporate Secretarial
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