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of <h1>Section 4A of Companies Act, 1956: Designation of Public Financial Institutions and Criteria for Government Recognition.</h1> Section 4A of the Companies Act, 1956, identifies specific entities as public financial institutions for the purposes of the Act. These include the Industrial Credit and Investment Corporation of India Limited, the Industrial Finance Corporation of India, the Industrial Development Bank of India, the Life Insurance Corporation of India, a specified company under the Unit Trust of India Act, and the Infrastructure Development Finance Company Limited. The Central Government may designate additional institutions as public financial institutions if they are established under a Central Act or if the government holds at least 51% of their paid-up share capital.
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