Public Companies (Terms of Issue of Debentures and of Raising of Loans with Option to Convert such Debentures or Loans into Shares) Rules, 1977 Chapter 01
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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 ... Summary
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.
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