MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 10^th March, 2016

G.S.R. 290(E).— In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government  hereby  makes  the  following  rules  further  to amend the Companies (Share Capital and Debentures) Rules, 2014, namely: -

1. (1)These rules may be called the Companies (Share Capital and Debentures) Amendment Rules, 2016.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Share Capital and Debentures) Rules, 2014, in rule 17, in sub-rule (1), in clause (n), after sub-clause (iii), the following proviso shall be inserted, namely:-

“Provided that where the audited accounts  are  more than  six  months old,  the calculations  with  reference to buy back shall be on the basis of un-audited accounts not older than six months  from  the  date  of  offer document which are subjected to limited review by the auditors of the company.”.

[F. No. 01/04/2013-CL-V(Part-II)]

AMARDEEP SINGH BHATIA, Jt. Secy.

Note:- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, sub- section (i) vide number G.S.R. 265(E), dated 31st March, 2014 and subsequently amended vide notifications as detailed below:-