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[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section OA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 5th June, 2020 G.S.R.(E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013)
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FAQ :
It is a set of rules issued by the Ministry of Corporate Affairs to amend the Companies (Share Capital and Debentures) Rules, 2014.
The rules came into force on the date of their publication in the official Gazette.
The amendment changes a specific time period from 'five years' to 'ten years'.
Yes, the rules modify the requirements for companies regarding investments or deposits for debentures maturing during the year.
Companies covered under specific clauses must invest or deposit a sum not less than fifteen percent of the amount of their debentures maturing during the year.
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