Public Financial Institution designation requires meeting establishment, business, longevity, net-worth, registration, NOC and disclosure criteria. Eligibility for declaration as a Public Financial Institution requires establishment under a central enactment or Companies Act, principal business in industrial/infrastructural financing, minimum years of existence and majority income from that financing, a prescribed net-worth threshold, registration as an IFC or HFC where applicable, submission of a regulator NOC for IFC/HFC applicants, and post-declaration audited-statement disclosure of compliance by such IFCs/HFCs; public sector undertakings are exempt from the sectoral financing and net-worth conditions.
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Provisions expressly mentioned in the judgment/order text.
Public Financial Institution designation requires meeting establishment, business, longevity, net-worth, registration, NOC and disclosure criteria.
Eligibility for declaration as a Public Financial Institution requires establishment under a central enactment or Companies Act, principal business in industrial/infrastructural financing, minimum years of existence and majority income from that financing, a prescribed net-worth threshold, registration as an IFC or HFC where applicable, submission of a regulator NOC for IFC/HFC applicants, and post-declaration audited-statement disclosure of compliance by such IFCs/HFCs; public sector undertakings are exempt from the sectoral financing and net-worth conditions.
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