Companies (Share Capital and Debentures) Third Amendment Rules, 2015

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION
 

New Delhi, the 6th November, 2015

G.S.R. 841(E).-In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Share Capital and Debentures) Rules, 2014, namely:-

1.     (1) These rules may be called the Companies (Share Capital and Debentures) Third Amendment Rules, 2015.

        (2) They shall come into force from the date of their publication in the Official Gazette.

2. In the Companies (Share Capital and Debentures) Rules, 2014,

(i) in rule 18,-

(a) In sub-rule (1), in clause (a) for sub-clause (iii) following sub-clauses shall be substituted, namely:-

“(iii) Infrastructure Debt Fund Non-Banking Financial Companies’ as defined in clause (b) of direction 3 of Infrastructure Debt Fund Non-Banking Financial Companies (Reserve Bank) Directions, 2011;

(iv) Companies permitted by a Ministry or Department of the Central Government or by Reserve Bank of India or by the National Housing Bank or by any other statutory authority to issue debentures for a period exceeding ten years.”

[F. No. 1/4/2013 CL-V]

AMARDEEP SINGH BHATIA, Jt. Secy.

Note :- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, sub-section (i), vide number G.S.R. 265(E), dated the 31st March, 2014 and was last amended by notification vide number G.S.R. 439(E), dated the 29th May, 2015.