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Companies (Specification of definitions Details) Second Amendment Rules, 2021

Dipika Bhoodhar 
on 24 February 2021

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Amendment to, following which shall not be listed companies, namely:

Companies (Specification of definitions Details) Second Amendment Rules, 2021

1. Public Company which do not have their equity shares as listed on a recognized stock exchange but they have

  • Non-convertible debt securities issued on private placement basis in terms of SEBI( Issue and listing of Debt Securities) Regulations, 2008.
  • Non- convertible redeemable preference shares issued on private placement basis in terms of SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013
  • Both Categories (i) and (ii) above.
 

2. Private Companies which have listed their non-convertible debt securities on private placement basis on a recognized Stock Exchange in Terms of SEBI (Issue and Listing of Debt Securities) Regulations, 2008.

3. Public Companies Which have not listed their equity shares on a recognized stock exchange but whose shares are listed in permitted stock exchanges in permissible foreign jurisdictions or such other jurisdictions, as may be prescribed.

 

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Category Corporate Law
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