Companies (Management and Administration) Second Amendment Rules, 2014. - F. No. 01/34/2013-CL-V Part-I - Companies Law

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Companies rules amendment exempts SEBI approved fund trusts and relaxes mandatory provisions for specified rules in company administration. The amendment exempts trusts created to establish Mutual Funds, Venture Capital Funds, or other SEBI approved funds from rule 9; omits the 'either value or volume of the shares' wording and the Explanation in rule 13; substitutes a different threshold direction in rule 23(1); and changes mandatory language to permissive in rule 27(1) and its Explanation, thereby narrowing applicability and introducing discretion in specified provisions of the Companies (Management and Administration) Rules, 2014.

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Companies rules amendment exempts SEBI approved fund trusts and relaxes mandatory provisions for specified rules in company administration.

The amendment exempts trusts created to establish Mutual Funds, Venture Capital Funds, or other SEBI approved funds from rule 9; omits the "either value or volume of the shares" wording and the Explanation in rule 13; substitutes a different threshold direction in rule 23(1); and changes mandatory language to permissive in rule 27(1) and its Explanation, thereby narrowing applicability and introducing discretion in specified provisions of the Companies (Management and Administration) Rules, 2014.

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Companies (Management and Administration) Second Amendment Rules, 2014. - F. No. 01/34/2013-CL-V Part-I - Companies Law

Companies rules amendment exempts SEBI approved fund trusts and relaxes mandatory provisions for specified rules in company administration.

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Companies rules amendment exempts SEBI approved fund trusts and relaxes mandatory provisions for specified rules in company administration.

Topics