Issue of Employee Stock Options A company, other than a listed company, which is not required to comply with Securities and Exchange Board of India Employee Stock Option Scheme Guidelines shall not offer shares to its employees under a scheme of employees’ stock option (hereinafter referred to as “Employees Stock Option Scheme”), unless it complies […]

Instrument of Transfer. (1) An instrument of transfer of securities held in physical form shall be in Form No.SH.4 and every instrument of transfer with the date of its execution specified thereon shall be delivered to the company within sixty days from the date of such execution. (2) In the case of a company not having share capital, provisions

Issue and Redemption of Preference Shares by Company in Infrastructural Projects A company engaged in the setting up and dealing with of infrastructural projects may issue preference shares for a period exceeding twenty years but not exceeding thirty years, subject to the redemption of a minimum ten percent of such preference shares per year from

Issue and Redemption of Preference Shares (1) A company having a share capital may, if so authorised by its articles, issue preference shares subject to the following conditions, namely:- (a) the issue of such shares has been authorized by passing a special resolution in the general meeting of the company (b) the company, at the

Issue of Sweat Equity Shares (1) A company other than a listed company, which is not required to comply with the Securities and Exchange Board of India Regulations on sweat equity, shall not issue sweat equity shares to its directors or employees at a discount or for consideration other than cash, for their providing know-how

Maintenance of Share Certificate Forms and Related Books and Documents (1) All blank forms to be used for issue of share certificates shall be printed and the printing shall be done only on the authority of a resolution of the Board and the blank form shall be consecutively machine-numbered and the forms and the blocks, engravings, facsimiles

Issue of Renewed or Duplicate Share Certificate (1) the certificate of any share or shares shall not be issued either in exchange for those which are sub-divided or consolidated or in replacement of those which are defaced, mutilated, torn or old, decrepit, worn out, or where the pages on the reverse for recording transfers have

Certificate of Shares (Where Shares are Not in Demat Form) (1) Where a company issues any share capital, no certificate of any share or shares held in the company shall be issued, except- (a) in pursuance of a resolution passed by the Board; and (b) on surrender to the company of the letter of allotment

Equity Shares With Differential Rights (1) No company limited by shares shall issue equity shares with differential rights as to dividend, voting or otherwise, unless it complies with the following conditions, namely:- (a) the articles of association of the company authorizes the issue of shares with differential rights; (b) the issue of shares is authorized

Application The provisions of these rules shall apply to (a) all unlisted public companies; (b) all private companies; and (c) listed companies so far as they do not contradict or conflict with any other regulation framed in this regard by the Securities and Exchange Board of India.] Amendment 1. Substituted by the Notification Companies (Share Capital