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of <h1>New Rules Limit Voting Power for Shares with Differential Rights to 74% and Revise Debenture Redemption Reserve Requirements.</h1> The Companies (Share Capital and Debentures) Amendment Rules, 2019, issued by the Ministry of Corporate Affairs, modify the Companies (Share Capital and Debentures) Rules, 2014. Key changes include limiting voting power for shares with differential rights to 74% of total voting power and removing certain clauses. Amendments also address the role of directors and company secretaries, update references to government notifications, and extend certain timelines from five to ten years. Significant revisions to the Debenture Redemption Reserve requirements are outlined, exempting certain financial institutions and companies from maintaining this reserve under specified conditions.
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