I have been advising to rely on Rules published in Official Gazette only. Here is another example of difference in the two versions:
Rule 18(7)(b) under Chapter IV – Companies (Share Capital & Debentures) Rules 2014
As per Rules on MCA website:
“(b) the company shall create Debenture Redemption Reserve equivalent to at least fifty percent of the amount raised through the debenture issue before debenture redemption commences.”
As per Official Gazette published now:
“(b) the company shall create Debenture Redemption Reserve (DRR) in accordance with following
conditions:-
(i) No DRR is required for debentures issued by All India Financial Institutions (AIFIs) regulated
by Reserve Bank of India and Banking Companies for both public as well as privately placed
debentures. For other Financial Institutions (FIs) within the meaning of clause (72) of section
2 of the Companies Act, 2013, DRR will be as applicable to NBFCs registered with RBI.
(ii) For NBFCs registered with the RBI under Section 45-IA of the RBI (Amendment) Act, 1997,
‘the adequacy’ of DRR will be 25% of the value of debentures issued through public issue as
per present SEBI (Issue and Listing of Debt Securities) Regulations, 2008, and no DRR is
required in the case of privately placed debentures.
(iii) For other companies including manufacturing and infrastructure companies, the adequacy of
DRR will be 25% of the value of debentures issued through public issue as per present SEBI
(Issue and Listing of Debt Securities), Regulations 2008 and also 25% DRR is required in the
case of privately placed debentures by listed companies. For unlisted companies issuing
debentures on private placement basis, the DRR will be 25% of the value of debentures.”
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