Clarifications on Rules prescribed under the Companies Act, 2013 - Matters relating to share capital and debentures- reg.

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..... h June, 2014 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarifications on Rules prescribed under the Companies Act, 2013 - Matters relating to share capital and debentures- reg. Sir, Government has received representations from Industry Chambers, Professional Institutes and other stakeholders seeking clarifications on matters rela .....

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..... is a contract between two or more persons/ shareholders, any share transfer form executed before 1 st April, 2014 and submitted to the company concerned within the period prescribed under relevant section of the Companies Act, 1956 needs to be accepted by the companies for registration of transfers. In case any such share transfer form, executed prior to 1 st April, 2014, is not submitted wit .....

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..... n 71 of Table F of Schedule I and it is clarified that a committee of directors may exercise such powers, subject to any regulations imposed by the Board in this regard. This issues with the approval of the competent authority. Yours faithfully (Kamna Sharma) Assistant Director (Policy) Copy to:- 1. e-Governance Section and Web Contents Officer to place this circular .....

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