Government of India
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION [F.NO.01/04/2013 CL-V (PART-II)], DATED 29-3-2016
G.S.R 358(E)-In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Share Capital and Debentures) Rules, 2014, namely: —
1. (1) These rules may be called the Companies (Share Capital and Debentures) Second Amendment Rules, 2016.
(2) They shall come into force on the date of their publication in the official Gazette.
2. In the Companies (Share Capital and Debentures) Rules,2014, in rule 17, after sub-rule (5), the following proviso shall be inserted, namely:—
“Provided that where all members of a company agree, the offer for buy-back may remain open for a period less than fifteen days.”