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First Notes - 8 August 2016
First Notes - 8 August 2016
The MCA amends share capital and debenture rules and documents to be submitted by airline companies
Background
The Ministry of Corporate Affairs (MCA) has been issuing various amendments/clarifications to the Companies Act, 2013 (2013 Act) and the corresponding Rules to remove practical impediments faced by companies while its implementation.
New developments
On 19 July 2016, MCA through its notifications issued the following:
1. Companies (Share Capital and Debentures) Third Amendment Rules, 2016 (the Rules)
2. Modification/exception to Section 381 of the 2013 Act: Accounts of foreign company.
Our First Notes provide an overview of the above mentioned notifications.
To access the text of the MCA notifications
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