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

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

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

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  8. 8. [To be published in the Gazette of India, Extraordinary, part II, Section 3, Sub_ section (i)l Government of India Ministry of Corporate Affairs Notitication New Delhi, Dated 18s March,2Ol5 c,s.R. _(E).- In exercise of the powers conferred under sub_clause riil of clause (a) of section 43, sub-clause (d) of sub_section (1) of section 54, sub_ section (2) of section 55, sub-section (l) of section 56, sub_section (g) of section 56, sub-section (1) of section 62, sub-section (2) of section 42, clause {fl of sub_ section (2) of section 63, sub-section (1) of section 64 , clause (b) of sub_section (3) of section 67, sub-section (2) of section 68, sub_section (6) of section 68, sub-section (9) of section 68, sub-section (lO) of section 68, sub_section (3) of section 71, sub-section (6) of section 71, sub_section (13) of sectron 71 and sub-sections (f) and (2) of section 72, read ,rith sub_sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central covernment hereby makes the following rules further to amend the Companies (Share Capital and Debentures) Rules, 2014, namelv:_ l. (l) These rules may be called the Companies (Share Capital and Debentures) Amendment Rules, 2015. (2) They shau come into force from the date of their publication in the Offlcial GazetIe. 2. In the Companies (Share Capital and Debenture) Rules, 2014,_ (1) for rule 3, the following rule shall be substituted. namelv:_
  9. 9. 3. Application.- The provisions of these rules shall apply to - (a) all unlisted pubtic companies: (b) all private companies: and (c) listed companies so far as they do not contradicl or conflict with any other regulation framed in this regard by the Securities and Exchange Board of Indaa: (2) in rule 5, in sub-rule (3), in clause (b), (a) the first proviso shall be omitted; (b) in the second proviso for the words "provided "provided that" sha-ll be substituted: (C) in the third proviso for the words "provided also further that" shall be substituted: (3) in rule 6, in sub-rule (2), in clause (c), for the words the words "within forty-live days" shall be substituted: further that", tlle words that" the words "provided "within fifteen days', (4) in rule 12, in sub-rule (f), in the Explanation, in clause (c), the words,,or of an associate companl/ shall be omitted; (5) in rule 13, in sub-rule (1), - (a) in the proviso, for the words ,,provided that, the words ,,provid€d further that" shall be substituted and before the proviso as so aanended, the following proviso shall be inserted. namelv:- "Provided that in case of any preferential offer rnade by a company to one or more existing members only, the provisions of sub-rule (1) and proviso to sub-rule (3) of rule 14 of Companies (prospectus and Allotment of Securities) Rules, 2014 shal not apply."
  10. 10. (6) in rule 18,, (a) in sub-rule (1) - (A) in clause (d), for sub-clauses (i) and (ii), the following sub-clauses shall be substituted , namely:- "(i) any specific movable propedy of the company ; or (ii) any specific immovable property wherever situate, or any interest therein: Provided that in case ofa non-banking financial company, the charge or mortgage under sub-clause (i) may be created on arly movable property,, (B) in clause (d), after sub-clause (ii), fouowing proviso shall be inserted, namely:- .Provided further that in case of any issue of debentures by a Govemment company which is fully secured by the guarantee given by the Central Government or one or more State Government or by both, the requirement for creation of charge under this sub-rule shall not apply." Provided also that in case of any loan taken by a subsidiary company from any bank or finalcial institution the charge or mortgage under this sub-rule may also be created on the properties or assets of the holdins company; (b) in sub-rule (5), for the words "within sixty days of allotment of debentures,, the words "within three months of closure of the issue or offer,, shall be substituted;
  11. 11. (c) aJter sub-rule (8), following sub-rules shall be inserted. namelv:_ "(9) Nothing contained in this rule shall apply to any amount received by a company against issue of commercial paper or arry other similar instrument issued in accordance with the guidelines or regulations or notilication issued by the Reserve Bank of India. (1O) In case of any offer of foreign currency convertible bonds or foreign curency bonds issued in accordance with the Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 or regulations or directions issued by the Reserve Bank of India, the provisions of this rule shall not apply unless otherwise provided in such Scheme or regulations or directions.,, (7) in rule 19, in sub-rule (11), for the word, letters and figures "Form No. SH- 14", the word, letters and figures "Form SH-13, shall be substituted. (8) in the Annexure, for "Form SH-13" and "Form SH-14' shall respectively, be substituted, namelv:- , the following Forms
  12. 12. Form No. SH-13 Nomination Form [Pursuant ,o section,T2 of th-e Companies Act, 2013 and rute l9(]) ofthe Companies (Share Capital and Debentures) Rules 20Iil To Name ofthe company: Address ofthe company: l/We ...........,..........,...._................ the holder(s) ofthe securities particularc ofwhich are given hereunder wish to make nomination and do hereby nominate the following persons in whom sharl ves{, aI the ights in respect ofsuch s€curities in the €vent ofmy/our death. ( l) PARTICUI,ARS OF THE SECURITIES (in respect ofwhich nomination is being made) Nature of s€curities Folio No No. ofsecurities Certifrcate No Distinctive No. (2) PARTICULARS OF NOMINET/S - (a) Name: (b) Dale ofBirth: (c) Father'yMother,s/Spouse's name: (d) Occupation: (e) Nationality: (0 Address: (g) E-mail id: (h) Relationship with the security holder: (3) IN CASE NOMINEE IS A MINOR--
  13. 13. (6) Dste ofbirth: (b) Date ofattsining msjority (c) NEme ofguardian: (d) Addrcss of guardian: (4) PARTICULARS OF NOMINEE IN CASE MINOR NOMINEE DIES BEFORE ATTAININC AGE OF MAJORITY (a) Nsme: (b)MofBir6: (c) Fathef 's/Mother'Vspouse's name: (d) Occupation: (e) Nationality: (0 Address: (g) E-mail id: (h) Rel*ionship with the scurity holder:(i) Retationship with rhe minor nominee N6rne: Add!€ss: Nane of the Security Sigatur€ Holde(s) Witn€ss with name 8nd address
  14. 14. Form ilo. SH-t.{ Cancellafion or Vari.rdon of Nomination [Pu,suent to sub.sBtion (3) of sec{on 72 of frle Compedes Act, mB and rute lSp) ofthe Companl6s (Sharo Capitat and Debentur*) Rutos 2014, Name of the cornpany: l/we hereby cancer the nomination(s) rnade by me/us in favor oi...._.........._(name and acrdress of the nominee) in respecl of lhe below mentioned secunties. Or l/We hereby nominale the following person in plac€ of......_..................._..._ as nominee |n r€spect o, the below mentioned securities in whom shallvest ell rjghls in fespect of such secu ties In rhe event of my/our dealh. (1) PARTICULARS OF THE SECURITIES (in respect of which nomination is being c€nce ed / vaded ) Folio No No. ofsecurities (2) (a) PARTIcULARS oF THE NEW NoMINEE: i. Name: ii. Daie of Birthl iii. Fathe/s^4othefs/Spouse's name: iv. Nationatityl vi. E-mait id: vii. Relationship wjth the Security hotder: (b) IN CASE NEW NOMINEE IS A MINOR-- i. Date of Birth: ii. Date of atiaining majority iii. Name of guardian:
  15. 15. (3) PARTCIULARS OF NOMINEE IN CASE MINOR NOMINEE DIES BEFORE ATTAININC AGE OF MAJORITY (a) Name: (b) Date ofBirth: (c) Father's/Mother's/Spouse's name: (d) Occupation: (e) Nationality: (f) Address: (g) E-mail idl (h) Relationship with the security holder(i) Relationship with the minor nominee iv. Address oI guardian Signatur€ Name of the Security Holder (s) Wtness with name and address
  16. 16. IF. No. L/a/2 r.3-cLv (ft Dl "2'fioQnr( Amardeep $. Bhatia (Joint Secretary) Not:. - The principal rules v/err publistred in tlle Gazette of India, part II,section 3, sub-eection (i) vide number GSR 26S(E) datet3i" fl"r"fr, ZOf+ "r,asubsequendy amended vide GSR Number at3(Ej j"t"a is" .r.,r.", ior+. ot

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