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<h1>Small company definition tightened to require both criteria; exemptions added for banks, insurers and housing finance in ordinary securities acquisitions.</h1> The Order amends the Companies Act, 2013 by (a) substituting 'and' for 'or' in clause (85)(i) of section 2 to require that both criteria be met to qualify as a small company, and (b) inserting an express exemption in section 186(11)(b) to cover acquisitions of securities made by a banking company, an insurance company or a housing finance company in the ordinary course of its business.