Definitions: public financial institution and scheduled bank clarified to determine applicability of debenture conversion and loan-raising rules. Rule 2 defines the Act as the Companies Act, 1956; defines public financial institution to include those in section 4A(1) and those notified under section 4A(2); and defines scheduled bank as a bank in the Second Schedule to the Reserve Bank of India Act, 1934, excluding co-operative banks, regional rural banks and foreign banks. Amendments to these definitions are recorded in the accompanying Notes.