MCA vide Notification No. GSR 841 (E) on Friday the 6th day of November, 2015 brought about 3rd amendment to the Share Capital and Debenture Amendment Rules, 2015 by substituting subclause (iii) clause (a) subrule 1 rule 18 of the said rules with the following new clause:

“(iii) Infrastructure Debt Fund Non-Banking financial Companies, as defined in clause (b) of direction 3 of Infrastructure Debt fund Non-Banking Financial Companies (Reserve Bank) Directions, 2011;
(iv) Companies permitted by a Ministry or Department of the Central Government or by Reserve Bank of lndia or by the National Housing Bank or by any other statutory authority to issue debentures for a period exceeding ten years.”

The Copy of the said circular can by accessed at the following link: MCA_GSR 841 (E)_Companies (Share Capital and Debentures) Third Amendment Rules, 2015_06.11.2015