AMENDMENT TO THE SHARE CAPITAL AND DEBENTURE RULES: NEW REGIME AND RELAXATIONS

Published On: 09/09/2019

Authors:

Akhoury Winnie Shekhar
With an aim to boost the economy, the Ministry of Corporate Affairs issued a notification to amend the Companies (Share Capital and Debentures) Rules, 2014, through which the rules for issue of equity shares with differential rights is liberalized, relief is granted to start-ups with respect to issue of ESOPs and requirements with respect to debenture redemption reserve is completely revamped. INDUSLAW’s Winnie Shekhar and Nabarun Chandra Ray discuss.