https://www.taxtmi.com/notifications?id=116963 The amendment exempts trusts created to establish Mutual Funds, Venture Capital Funds, or other SEBI approved funds from rule 9; omits the "either value or volume of the shares" wording and the Explanation in rule 13; substitutes a different threshold direction in rule 23(1); and changes mandatory language to permissive in rule 27(1) and its Explanation, thereby narrowing applicability and introducing discretion in specified provisions of the Companies (Management and Administration) Rules, 2014. en-us Thu, 24 Jul 2014 00:00:00 +0530 Tue, 29 Jul 2014 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116963 The amendment exempts trusts created to establish Mutual Funds, Venture Capital Funds, or other SEBI approved funds from rule 9; omits the "either value or volume of the shares" wording and the Explanation in rule 13; substitutes a different threshold direction in rule 23(1); and changes mandatory language to permissive in rule 27(1) and its Explanation, thereby narrowing applicability and introducing discretion in specified provisions of the Companies (Management and Administration) Rules, 2014. Notifications Companies Law Thu, 24 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116963