Every company which wishes to change in its shareholding pattern need to file Form MGT-10. The Rules clarified the confusion by prescribing a change limit of 2% for reporting. However the Rule also created its own version of law and provided that every change i.e. increase or decrease of 2% shareholding ‘either in value or volume’ was to be reported. Thus the Rules additionally laid down the requirement of reporting a 2% change in the value of shareholding as well. This amendment seeks to restore the provision of the Act and companies would now be required to disclose changes w.r.t. only the number of shares. The omission of the Explanation does not make much of a difference as the same can be derived from the Rule itself.