The Ministry of Corporate Affairs vide its notification dated 11th February 2021 has published the Companies (Share Capital and Debentures) Amendment Rules, 2021 to further amend the Companies (Share Capital and Debentures) Rules, 2014.
The Amendment brings in a new rule 12A which notifies the period for notice of issue of share capital under section 62.
A company having a share capital proposes to increase its subscribed capital by the issue of further shares, the offer shall be made by notice specifying the number of shares offered and the time period within which the offer shall be made for acceptance shall be not less than seven days from the date of offer.
