Debenture investment requirement: companies must maintain minimum prescribed investments for maturing debentures by the annual deadline. The amendment substitutes an updated Gazette reference and extends the period in rule 8 from five years to ten years, and replaces rule 18(7)(b)(v) to require companies in specified categories to invest or deposit, by the annual deadline, an amount not less than fifteen percent of debentures maturing in the relevant year into permitted investment or deposit methods, with the invested amount not at any time falling below that fifteen percent threshold.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Debenture investment requirement: companies must maintain minimum prescribed investments for maturing debentures by the annual deadline.
The amendment substitutes an updated Gazette reference and extends the period in rule 8 from five years to ten years, and replaces rule 18(7)(b)(v) to require companies in specified categories to invest or deposit, by the annual deadline, an amount not less than fifteen percent of debentures maturing in the relevant year into permitted investment or deposit methods, with the invested amount not at any time falling below that fifteen percent threshold.
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