Please find attached amended rules on Companies (Share Capital and Debentures) issued by MCA. The brief summary of the amendment is detailed below:

1 Rule date 24.12.2020
2 Subject Companies (Share Capital and Debentures) Second Amendment Rules, 2020
3 Effective date 24.12.2020
4 Applicability As per rule attached
 

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Brief description

The said rules amends the Companies (Share Capital and Debentures) Rules 2014 by substituting the Form SH-7.

New point inserted in Purpose of form SH-7, “ Cancellation of unissued shares of one class and increase in shares of another class.”

**The Form SH-7 is used for filing of notice to Registrar of any changes in Share Capital pursuant to section 64(1) of the Companies Act, 2013 and rule 15  Companies (Share Capital and Debentures) 

5 Impact This step has been taken by MCA to insert new columns in form SH-7.

 

For your reference all amended rules attached herewith.