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of <h1>Section 108B(2)(b) of Companies Act: Regulatory Provisions for Defense, Atomic Energy, and Railway Industries Updated in 2001.</h1> Section 108B(2)(b) of the Companies Act, 1956, as amended, outlines specific industries subject to certain regulatory provisions. These industries include arms and ammunition, defense equipment, defense aircraft, warships, atomic energy, specified minerals, and railway transport. Notably, clauses related to coal, lignite, mineral oils, and various mining activities were omitted in 2001. The amendments and omissions reflect changes in regulatory focus and were implemented through the MRTP (Amendment) Act, 1991, and subsequent notifications.
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