Home Circulars & Notifications MCA Notifies The Companies (Share Capital And Debentures) Amendment Rules, 2021

MCA Notifies The Companies (Share Capital And Debentures) Amendment Rules, 2021

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MCA Notifies The Companies (Share Capital And Debentures) Amendment Rules, 2021
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The Ministry of Corporate Affairs (MCA) on 11th February 2021 has published the Companies (Share Capital and Debentures) Amendment Rules, 2021 to further amend the Companies (Share Capital and Debentures) Rules, 2014.

The Amendment inserts a new rule 12A which notifies the period for notice of issue of share capital under section 62.

“12A. Period for notice under sub-clause (i) of clause (a) of sub-section (1) of section 62.- For the purposes of sub-clause (i) of clause (a) of sub-section (1) of section 62, the time period within which the offer shall be made for acceptance shall be not less than seven days from the date of offer.”.

As per the amended rules, the period of notice to existing shareholders for acceptance of offer of further issue of shares shall be not less than seven days from the date of offer.

Read Rules:

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