Nov 7, 2015

Additional classes of Companies allowed to issue Debentures beyond 10 years

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MCA vide notification dated 6th November 2015 has amended the Companies (Share Capital and Debentures) Rules, 2014 pursuant to companies with the permission of Ministry or Department of the Central Government or by Reserve Bank of India or by the National Housing Bank or by any other statutory authority can issue secured debentures for a period exceeding ten year but not exceeding thirty years.

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