Companies (Share Capital and Debentures) Third Amendment Rules, 2015
Central government has notified Companies (Share Capital and Debentures) Third Amendment Rules, 2015 via notification dated 6 th November, 2015 to amend Rule 18 of Companies (Share Capital and Debentures) Rules, 2014. In rule 18 sub-rule (I), in clause (a), sub-clause (iii) has replaced by the following sub-clauses, namely:- "(iii) Infrastructure Debt Fund Non-Banking Financial Companies' as defined in clause (b) of direction 3 of Infrastructure Debt Fund Non-Banking Financial Companies (Reserve Bank) Directions, 2011; (iv) Companies permitted by a Ministry or Department of the Central Government or by Reserve Bank of lndia or by the National Housing Bank or by any other statutory authority to issue debentures for a period exceeding ten years.'' http://mca.gov.in/Ministry/pdf/Amendement_Rules_06112015.pdf