MCA notifies Period for Notice of issue of Share Capital under section 62

Share Capital

The Ministry of Corporate Affairs (MCA) on 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.

According to the notification the time period within which the offer of
acceptance towards the issue of further shares by a company shall be not
less than seven days from the date of the offer.

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