<h1>Proposed Amendments to Companies Rules 2014: Key Changes in Share Issuance, Debentures, and Equity Regulations.</h1> The proposed amendments to the Companies (Share Capital and Debenture) Rules, 2014, address several key areas. Companies with past defaults are suggested to have a five-year cooling-off period before issuing shares with differential voting rights. The requirement for a special resolution for bonus shares is recommended to be simplified. Conversion of loans into equity should be treated as cash allotment. Changes in the number of members in a guarantee company should be reported. Infrastructure finance companies may issue debentures exceeding ten years, but housing finance companies face restrictions. The creation of Debenture Redemption Reserve and maintenance of liquid funds are emphasized. Security for debentures could be expanded to include collateral from other entities. Perpetual debentures might be allowed, and the cap on sweat equity shares for start-ups could be increased. Restrictions on ESOPs for promoters may be relaxed. Preferential allotments should consider valuation at conversion, and partly paid-up shares might be allowed. Both private placement and preference share rules must be followed for preference share issues.