Companies (Share capital and Debentures) Amendment Rules, 2014

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....wers conferred under sub-clause (ii) of clause (a) of section 43, sub-clause (d) of sub-section (1) of section 54, sub-section (2) of section 55, sub-section (1) of section 56, sub-section (3) of section 56, sub-section (1) of section 62, sub-section (2) of section 42, clause (f) of sub-section (2) of section 63. sub-section (1) of section 64 , clause (b) of sub-section 3 of section 67, sub-sectio....

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....ing Explanation shall be substituted, namely:- "Explanation.- For the purposes of this rule it is hereby clarified that equity shares with differential rights issued by any company under the provisions of the Companies Act, 1956 (1 of 1956) and the rules made thereunder, shall continue to be regulated under such provisions and rules ". (ii) in rule 13, (a) in sub-rule (2), after claus....

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....iso, the following proviso shall be substituted, namely:- "Provided that the following classes of companies may issue secured debentures for a period exceeding ten years but not exceeding thirty years, (i) Companies engaged in setting up of infrastructure projects; (ii) 'Infrastructure Finance Companies' as defined in clause (vii a) of sub direction (1) of direction 2 of Non-Bankin....