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of <h1>Amendment to Companies Act 2017: Section 186 Clarifies Loan and Investment Rules, Exempts Certain Institutions, Defines Securities Companies</h1> The Companies (Amendment) Bill, 2017, amends section 186 of the principal Act. It clarifies that 'person' excludes employees in sub-section (2). Sub-section (3) mandates special resolution approval for loans, investments, or guarantees exceeding specified limits, except for transactions with wholly owned subsidiaries or joint ventures, which must be disclosed in financial statements. Sub-section (11) exempts certain financial institutions and companies from these provisions, except sub-section (1). The amendment also defines a company as primarily engaged in securities acquisition if such investments constitute at least 50% of its assets or income.
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