The Ministry of Corporate Affairs on 24th December 2020 has published the Companies (Share Capital and Debentures) Second Amendment Rules, 2020 to further amend the Companies (Share Capital and Debentures) Rules, 2014.
Through this amendment Form SH-7 has been substituted which
is used
for filing of notice to Registrar of any changes in Share Capital pursuant to
section 64(1) of the Companies Act, 2013 and pursuant
to rule 15 of the Companies (Share Capital and Debentures) Rules, 2014.
Whenever a company alters its share capital/ number of members independently or increases the share capital by conversion of debentures/loans due to order of Central Government, then a return shall be filed with the registrar within 30 days of such alteration or increase. The return shall also be filed where the company redeems any redeemable preference shares.
