Differential Voting Rights rules amended to revise textual eligibility criteria and clarify financial year references in issuance conditions. Amendment to the Companies (Issue of Share Capital with Differential Voting Rights) Rules, 2001 substitutes specific phrases in rule 3: 'three financial years' replaces the prior wording in sub rule (1) and 'the financial year' replaces the prior expression in sub rule (2); the amendment comes into force on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Differential Voting Rights rules amended to revise textual eligibility criteria and clarify financial year references in issuance conditions.
Amendment to the Companies (Issue of Share Capital with Differential Voting Rights) Rules, 2001 substitutes specific phrases in rule 3: "three financial years" replaces the prior wording in sub rule (1) and "the financial year" replaces the prior expression in sub rule (2); the amendment comes into force on publication in the Official Gazette.
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