Rule, 2015

Text

Reproduced from the document India Code holds for this instrument. The Gazette prints Hindi and English side by side and this is the English; the Department's own PDF remains the authority.

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EXTRAORDTNARY

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MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

Ncw Delhi, the I 8th March' 2015 G.S,R. 210(E),-In exercise of the powers confenod uDder sub_clause (ii) of clause (a) of s€ction 43' ial "f.,tii!*ti*

(l) of scctiol 54;sub-section (2) of s€ction 55' sub'sectio!-(l) of section 56' sub-section il";ffiiii;-J s"ction iii oi te"tlon ez, *u"ection Oiof secrion 42' clause (f) oJ sub- section (2) of section 63' #:;;;il i;rgectio; ol , ciause (l) or s,ru-se'tion (3; if section 5z' sub-section (2) of secdon 68' sub'section (6) <D of section 68, sub_section il6; of section el, s,:b-section-(3) of section 71, sutFs€cdon (6) '! 'a'i ';

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"t"ta t" C.tpani;s (ShatE Capital and Debenturcs) Rules' 20 | 4' oamely:- l. (l) These rul€s may be called the Companies (Share Capital alrd Debentues) Amendment Rules' 2015'

(2) They shall come into force ftom th€ date oftheir publication in the Official Cazettc

2. In the Companies (Share CaPitat ahd Debentute) Rules' 2014'- ( l) for rule 3, the followingrule shall be sub$ihned. oamely:-

3. Application.- The provisions ofthose rules shall apply to -

(a) all unlisted public companies;

O) a[ Fivale compodes; and

(c) lisled companies so far as ihey do not cont"adiot or conflict witb any olher regulation fiamed in this regard b' lhe Secudties ond Bxchange Board of lndiai

(2) in rule 5, in sub-rule (3), in clause (b),

(a) the fust proviso stnll be omitted;

O) itr the s€cond proviso for the words "Fovided firther thaf', the wotds'lrovided thaf' shall be subslituted;

(c) in the third proviso for the words 'lrovided also that'' the words "ptovided fifther that" sltall be substituled;

(3) in rule 6, in sub-rule (2), in clause (c), for the words "within fifteen days"' th€ wotds "wiihin forty-flve dayJ' shall b€ substitutedi

(4) in rule 12, ib subrute (l), in lhe Explatarioq in clause (c), the vrords "or ofan associate company" shall be omitted;

(5) in rule | 3, in sub-rule (l), ' t I

(a) in th€ proviso, for lhe wo.ds 'bmvidcd Oat" thc words 'lrovidad funher ftat" shall be substitut€d and before the proviso as so amended, lhe following proviso shall be inserte4 namelyr "Provided that in casc of any preferential ofer rnad€ by a company lo one or moac existinB members only, the provisions of sub-rule ( I ) and p.oviso to sub-ntc (3) of rule 14 of Companies (Prospcctus and Allotment of Sccurities) Rules,2014 shall noi apply-"

(6) ih rule 18,-

(a) in sub"rule (l) - (A) id clause (d), for sub-clauses (i) and (ii),lhe following sub-claus€s shall be substituted, namely:- "(i) any specific movable property ofth€ compary ; or

(ii) any specific inmovablc property whercver situate, or ary int€rest ther€in: Provided that in cas€ of a noo-banking fnEncial company, the chtge or mortgage under subdallle (i) may bc created on ary movable properqa (B) in ciause (d), afrer sub-clause (ii), following proviso shaii b€ inserted, nam€ly:- "Ttovided frrther thai in .aie of any isi-re nfdeb€rtures by a covermnent c.!!!piEy *hich is fuli;r iecurcd by the gusrantec tivcn by the Cental Govcmment or on€ or norc Starc Covcmment ot by bod\ $c requiten€nt for creation ofch.rge under this sub-rule shall not .pply." Provided also that in case ofany loan taken by a subsidiary company ftom any bank or financial institution the chargc or mortgage under thk sub-rule may also be creatcd on tbe properties or asscts ofthe holding cornp$y;

(b) in sub-rule (5), for lhc words'within sixty days of allotment of deb€ntufts", the wotds "within thre€ months of closuE oflhe issue or offea shall b€ subslioted;

(c) after sub-rule (8), following sub-rules shall be ins€r1ed, namelyi- "(9) Nothidg contained in this rule shall apply to any amount received by a compaoy a8ainst issue of conDercial papcr or any other similar insEument issued in accordance with th€ guidelincs or rcguhlions or notification issued by the R€s€rve Bank of India.

(10) ln case ofany offer of foreign curency convcrtible bonds or foreign cunency bonds issued in accordance with the Foreign Curlency Convertible Bonds and Ordinary Shar€s (Through Depository Receipt Mechanism) schene, 1993 or regulations or directions issu€d by the Resewe Bank of lndi4 the provisions of lhis rule shall not apply unless otherwise povided in such Schemc or r€gulalionB or directions-"

(7) in rul. 19, in sub-rule (l l), for the word, letters and ligulcs "Form No. SH-14', tho word, lett€rs and figures "Fo.m SH-13" shall be substituted.

(8) in lhe Ann€xurc, for "Fonn SH-13" and "Forn SH-14", the following Forms shall rcspictively, be substituted, THE GA.ZETTE OF INDIA : EXTRAORDINARY lPAxr ll--SEc. 3(Dl Form No, SH-13 Nominrtior Form DebcntuNr) nuhs 2014/ To Namc ofthe company:

VWe ..............,.............................1he holde(s) of the $curitics particulars of which arc given hs€undrr wisb to make nominatiod atrd do heraby nominare the following p€rsons in whom shall vast, all drc righs in rcspect of such securitias in the event ofmy/our death.

(l) PARTfCULARS OF THE SECURITIES (in respect ofwhich nomination is being made)

(a) Name:

(d) Occupation:

(e) Nslionality:

(D Addrcss:

O) Relationship wi$ the s€€urity holder:

(a) Date ofbinh:

(b) Date olattainiog nojodty

(4) PARTTCIJLARS OF NOMINEE IN CASE MINOR NOMINEE DIES BEFORE ATTANING ACE OF

MAJORJTY

(a) Name:

(d) Orcupation:

(e) Nationality:

(D Arlkess:

O) Relationship with the security hold.fl(i) Relationship with the minor noninee Ndme:

Addressi Naore of sccurities Folio No. No. of sccurities ccrtificrte No. Distioctiv€ No.

rL I Form No. SH-14 Crtrcclhtior or Vrriraiotr of Nomirt|lion ) herEby cancel rhe nomination(s) nade by rne/us in favour of......... .. . .....(n.me and address oflhe inee) in resp€cl ofthe belo* mentioned securities.

Or hereby nomiDate the following person in place of ... ... ...... ... .. . . .. . . . ... .. .. as nominee in r€spect of the m€ntioned securities in whom shall vest all rights in respect of such securities in the €vent of my/our (l ) PARTICULARS OF THE SECURITIES (in .espect of which nomjnalion is being cancelledvaried) Nature oi FolioNo. No. of securities Cenificate No. Distinctive No.

(2) (a) PARTICULARS OF THE NEW NOMINEE:

i. Name:

iv. Nationality:

vii. R€larionship with the Security boldei

(b) IN CASENEWNOMINEE rS A MINOR- ii. Dale ofattaining majority- iii. Name of guardian:

iv. Address of guardian:

(3) PARI]CULARS OF NOMINEE IN CASE MTNOR NOMINEE DIES BEFORE ATTAININC AGE OF

MAJORITY

(a) Narne:

(b) Dar€ of Binh:

THE CAZETTE OF INDIA I EXTRAORDINARY ART II-SEC.

(d) Occupstioft

(e) Nstionality:

Signatue Name ofthe secudty Holdrr (s) Wihess with namc 6nd address Note. The prinaipql rules were published in lh€ Gazette of Indi4 Part lI, Section 3, sub'section (i) tide Print d by tlc Mamger, Govarm€nt oflndia P.6s, Ring Rot4 Miyrpu , New Dclhi-l l00O+ .nd Publhhcd by th€ Coftoll.' of lbblicrtioos txlh;l 10054.

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Provisions this rule answers to

Read out of the instrument itself: an enabling provision is one it says it was made under, which is the power it rests on. The rest it names without resting on.

Other instruments under the same Act

All of the The Companies Act, 2013