https://www.taxtmi.com/news?id=15563 The Committee recommends amendments to share capital and debenture rules including a five year cooling off before re issuance of shares with differential voting rights after specified defaults; replacing 'special resolution' with 'resolution' in bonus allotment filings; treating genuine debt to equity conversions as cash allotments for form purposes; permitting notification of member increases in guarantee companies on capital alteration; enabling longer tenor and perpetual debentures and broader collateral security for debentures; modifying Debenture Redemption Reserve on a step down basis with allowance to use excess for immediate redemption; and relaxing sweat equity, ESOP and preferential allotment valuation constraints to support start ups. en-us Tue, 02 Feb 2016 18:57:25 +0530 Tue, 02 Feb 2016 18:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15563 The Committee recommends amendments to share capital and debenture rules including a five year cooling off before re issuance of shares with differential voting rights after specified defaults; replacing 'special resolution' with 'resolution' in bonus allotment filings; treating genuine debt to equity conversions as cash allotments for form purposes; permitting notification of member increases in guarantee companies on capital alteration; enabling longer tenor and perpetual debentures and broader collateral security for debentures; modifying Debenture Redemption Reserve on a step down basis with allowance to use excess for immediate redemption; and relaxing sweat equity, ESOP and preferential allotment valuation constraints to support start ups. News - Tue, 02 Feb 2016 18:57:25 +0530 https://www.taxtmi.com/news?id=15563