Companies (Share Capital and Debentures) Amendment Rules, 2023 require dual director certification in Form SH 11 for buy back compliance. Amendment substitutes Forms SH 7, SH 8, SH 9 and SH 11 and omits Form SH 15, updating templates for share capital alteration and buy back filings; and requires that the return filed in Form SH 11 include a declaration signed by two directors, including the managing director if any, certifying that the buy back complies with the Companies Act and rules. The rules come into force on 23 January 2023.
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Companies (Share Capital and Debentures) Amendment Rules, 2023 require dual director certification in Form SH 11 for buy back compliance.
Amendment substitutes Forms SH 7, SH 8, SH 9 and SH 11 and omits Form SH 15, updating templates for share capital alteration and buy back filings; and requires that the return filed in Form SH 11 include a declaration signed by two directors, including the managing director if any, certifying that the buy back complies with the Companies Act and rules. The rules come into force on 23 January 2023.
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