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of <h1>Amendment to Rule 14 Allows Six-Month Period for Passing Special Resolution on Non-Convertible Debentures</h1> The Companies (Prospectus and Allotment of Securities) Amendment Rules, 2014, issued by the Ministry of Corporate Affairs, amends the Companies (Prospectus and Allotment of Securities) Rules, 2014. Effective from the date of publication, the amendment modifies rule 14, sub-rule (2), clause (a) to allow a special resolution for offers or invitations for non-convertible debentures to be passed within six months from the commencement of these rules. This amendment provides a specific timeframe for passing the resolution related to non-convertible debentures, enhancing regulatory clarity.
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