<h1>India Proposes Amendments to Companies Rules: Stricter Private Placement Regulations, Special Resolutions, and Enhanced Transparency.</h1> The Government of India proposed amendments to the Companies (Prospectus and Allotment of Securities) Rules, 2014, under the Companies Act, 2013. Key changes include requiring shareholder approval via a special resolution for private placements, with detailed disclosures about the offer, including pricing, valuation, and risk factors. The amendments limit offers to 200 individuals annually, excluding qualified institutional buyers and employee stock options. Companies must maintain records in Form PAS-5 and file allotment returns within 15 days. The amendments aim to enhance transparency and compliance in private placements of securities.