Please find attached amended rules on Companies (Share Capital and Debentures) issued by MCA. The brief summary of the amendment is detailed below:
|2||Subject||Companies (Share Capital and Debentures) Second Amendment Rules, 2020|
|4||Applicability||As per rule attached|
|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.|