Eligible issue of capital expanded to include public financial institutions and funding for infrastructure, power, and telecom services. Amendment adds 'or as subscription to any eligible issue of capital by any public financial institution' to clause (xvi) of sub-section (2) of section 88 and replaces the Explanation so that 'eligible issue of capital' means issues by a public company or a public financial institution whose entire proceeds are utilised wholly and exclusively for infrastructure facilities, power generation and distribution, or telecommunication services; it also inserts a definition of 'public financial institution' by reference to the Companies Act.
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Provisions expressly mentioned in the judgment/order text.
Eligible issue of capital expanded to include public financial institutions and funding for infrastructure, power, and telecom services.
Amendment adds "or as subscription to any eligible issue of capital by any public financial institution" to clause (xvi) of sub-section (2) of section 88 and replaces the Explanation so that "eligible issue of capital" means issues by a public company or a public financial institution whose entire proceeds are utilised wholly and exclusively for infrastructure facilities, power generation and distribution, or telecommunication services; it also inserts a definition of "public financial institution" by reference to the Companies Act.
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