Long-term debenture issuance expanded: Infrastructure Debt Fund NBFCs and authorised entities may issue extended-maturity debentures under Companies Rules amendment. Amends rule 18(1)(a) of the Companies (Share Capital and Debentures) Rules, 2014 by substituting sub clause (iii) to include Infrastructure Debt Fund Non Banking Financial Companies as eligible issuers and by adding a sub clause permitting companies authorised by a Central Government ministry/department, the Reserve Bank of India, the National Housing Bank, or any other statutory authority to issue debentures with maturities exceeding ten years.
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Long-term debenture issuance expanded: Infrastructure Debt Fund NBFCs and authorised entities may issue extended-maturity debentures under Companies Rules amendment.
Amends rule 18(1)(a) of the Companies (Share Capital and Debentures) Rules, 2014 by substituting sub clause (iii) to include Infrastructure Debt Fund Non Banking Financial Companies as eligible issuers and by adding a sub clause permitting companies authorised by a Central Government ministry/department, the Reserve Bank of India, the National Housing Bank, or any other statutory authority to issue debentures with maturities exceeding ten years.
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