Share capital rules amendment removes prior continuous duration requirement from eligibility explanation, altering application of rule eight. Amendment to the Companies (Share Capital and Debentures) Rules deletes the words 'for at least last one year' from the Explanation to clause (i)(a) of rule 8(1), removing the minimum prior-duration requirement; the amendment is titled the Companies (Share Capital and Debentures) Second Amendment Rules and commences on publication in the Official Gazette.
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Share capital rules amendment removes prior continuous duration requirement from eligibility explanation, altering application of rule eight.
Amendment to the Companies (Share Capital and Debentures) Rules deletes the words "for at least last one year" from the Explanation to clause (i)(a) of rule 8(1), removing the minimum prior-duration requirement; the amendment is titled the Companies (Share Capital and Debentures) Second Amendment Rules and commences on publication in the Official Gazette.
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