{"id":2586,"date":"2021-02-23T06:25:44","date_gmt":"2021-02-23T06:25:44","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=2586"},"modified":"2021-02-23T06:25:47","modified_gmt":"2021-02-23T06:25:47","slug":"mca-notifies-amendment-to-definition-of-listed-companies","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/mca-notifies-amendment-to-definition-of-listed-companies\/","title":{"rendered":"MCA Notifies Amendment to Definition of Listed Companies"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The Ministry of Corporate Affairs through a Notification,\nissued on 19.02.2021, has notified amendment to definition of Listed Companies.\nFurther, the said amendment was made under the ambit of the powers conferred by\nway of section 2 (52) read with section 469 (1) and (2) of the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Companies_Act_2013\">Companies Act 2013<\/a>.\nAlso, the amendment was made under the Companies (Specification of Definition\nDetails) Rules 2014, and will come into force from 01.04.2021.<\/p>\n\n\n\n<p>Further, the amended rules will be known as the\nCompanies (Specification of Definition Details) Second Amendment Rules 2021.<\/p>\n\n\n\n<p>In this blog, we will discuss about the amendment to\nDefinition of Listed Companies by MCA.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a9ae520164\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a9ae520164\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/mca-notifies-amendment-to-definition-of-listed-companies\/#Amendments_made_to_Companies_Specification_of_Definition_Details_Rules_2014\" title=\"Amendments made to Companies (Specification of Definition Details) Rules\n2014\">Amendments made to Companies (Specification of Definition Details) Rules\n2014<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/mca-notifies-amendment-to-definition-of-listed-companies\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/mca-notifies-amendment-to-definition-of-listed-companies\/#Official_MCA_Notification_on_Amendment_to_Definition_of_Listed_Companies\" title=\"Official MCA Notification on Amendment to Definition of Listed Companies\">Official MCA Notification on Amendment to Definition of Listed Companies<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Amendments_made_to_Companies_Specification_of_Definition_Details_Rules_2014\"><\/span>Amendments made to Companies (Specification of Definition Details) Rules\n2014<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The key amendment made to the Companies\n(Specification of Definition Details) Rules 2014 deals with the insertion of\nRule 2A after Rule 2. <\/p>\n\n\n\n<p>Further, the inserted rule deals with the Companies\nthat will not be considered Listed Companies from now onwards, which are as\nfollows:<\/p>\n\n\n\n<ul><li><strong><a href=\"https:\/\/swaritadvisors.com\/public-limited-company-registration\" class=\"text-primary\">Public\nLimited Companies<\/a><\/strong> who have not Listed\ntheir Equity Shares on RSE (Recognised Stock Exchange), but have listed their\nfollowing:<\/li><\/ul>\n\n\n\n<ol><li>Non-Convertible\nDebt Securities, which are issued through Private Placement, based on the\nprovisions of the SEBI (Issue and Listing of Debt Securities) Regulations 2008;<\/li><li>Non-Convertible\nRedeemable Preference Shares, which are issued through Private Placement, based\non the provisions of the SEBI (Issue and Listing of Non-Convertible Redeemable\nPreference Shares) Regulations 2013;<\/li><li>Both of the\ncategories as mentioned above;<\/li><\/ol>\n\n\n\n<ul><li>All the <strong><a href=\"https:\/\/swaritadvisors.com\/private-limited-company-registration\" class=\"text-primary\">Private\nCompanies<\/a><\/strong> who have listed their Non-Convertible Debt Securities, which\nare issued through Private Placement, on the Recognised Stock Exchange, based\non the provisions of the SEBI (Issue and Listing of Debt Securities)\nRegulations 2008;<\/li><li>All the Public\nCompanies who have not listed their equity shares on the Recognised Stock\nExchange, but have listed the shares based on a Stock Exchange in a\njurisdiction, as mentioned under section 23 (3) of the Act;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In a nutshell, the MCA has amended the definition of\nListed Companies by inserting Rule 2A, which specifies the companies which will\nnot be eligible to be called as a Listed Company from 01.04.2021. Further,\nthese amended rules are known as the Companies (Specification of Definition\nDetails) Second Amendment Rules 2021.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Official_MCA_Notification_on_Amendment_to_Definition_of_Listed_Companies\"><\/span>Official MCA Notification on Amendment to Definition of Listed Companies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/02\/MCA-Notification-on-Amendment-to-Definition-of-Listed-Companies.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">MCA-Notification-on-Amendment-to-Definition-of-Listed-Companies<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/companies-share-capital-and-debentures-amendment-rules-2021-notified-by-mca\/\">Companies (Share Capital and Debentures) Amendment Rules 2021 Notified by MCA<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Corporate Affairs through a Notification, issued on 19.02.2021, has notified amendment to definition of Listed Companies. Further, the said amendment was made under the ambit of the powers conferred by way of section 2 (52) read with section 469 (1) and (2) of the Companies Act 2013. Also, the amendment was made [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[50],"tags":[416],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2586"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=2586"}],"version-history":[{"count":3,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2586\/revisions"}],"predecessor-version":[{"id":2591,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2586\/revisions\/2591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/2587"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=2586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=2586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=2586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}