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Corporate Laws Central Ministry of Corporate Affairs Companies Act, 2013

Companies (Specification of definitions details) Second Amendment Rules, 2021

19-Feb-2021 | F. No. 1/13/2013-CL-V, Part I

Central Government has introduced the Companies (Specification of definitions details) Second Amendment Rules, 2021 to amend the Companies (Specification of definitions details) Rules, 2014 inserting Rule 2A after Rule 2-
"2A-Companies not to be considered as listed companies.- For the purposes of the proviso to clause (52) of section 2 of the Act, the following classes of companies shall not be considered as listed companies, namely:-
(a) Public companies which have not listed their equity shares on a recognized stock exchange but have listed their-
(i) non-convertible debt securities issued on private placement basis in terms of SEBI (Issue and Listing of Debt Securities) Regulations, 2008; or
(ii) non-convertible redeemable preference shares issued on private placement basis in terms of SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013; or
(iii) both categories of (i) and (ii) above.
(b) Private companies which have listed their non-convertible debt securities on private placement basis on a recognized stock exchange in terms of SEBI (Issue and Listing of Debt Securities) Regulations, 2008;
(c) Public companies which have not listed their equity shares on a recognized stock exchange but whose equity shares are listed on a stock exchange in a jurisdiction as specified in sub-section (3) of section 23 of the Act."

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