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Corporate Laws Central Ministry of Corporate Affairs Companies Act, 2013

Companies (Prospectus and Allotment of Securities) Amendment Rules, 2020 have been notified

16-Oct-2020 | G.S.R. 642(E)

New proviso has been inserted under Rule 14(1) of Companies (Prospectus and Allotment of Securities) Rules, 2014 which states that:
"Provided also that in case of offer or invitation of any securities to qualified institutional buyers, it shall be sufficient if the company passes a previous special resolution only once in a year for all the allotments to such buyers during the year."

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