Ministry of Corporate Affairs (MCA): Companies (Share Capital and Debentures) Amendment Rules, 2021

MCA has vide its Circular dated 11^th 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 1^st day of April, 2021.

The complete text of the Circular may be viewed at below link:

http://www.mca.gov.in/Ministry/pdf/AmendmentRules_12022021.pdf

Last updated: 16/02/2021

Article contributed by:

Luv Malhotra

Associate Director- Corporate Secretarial

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