Business of financing industrial enterprises clarified: Rule now replaces broader financing-of-companies reference, altering board-power scope. The amendment replaces the phrase 'business of financing of companies' with 'business of financing industrial enterprises' in rule 11(2) of the Companies (Meetings of Board and its Powers) Rules, 2014, thereby narrowing the provision's described financing activity; it is made under the Companies Act and takes effect on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Business of financing industrial enterprises clarified: Rule now replaces broader financing-of-companies reference, altering board-power scope.
The amendment replaces the phrase "business of financing of companies" with "business of financing industrial enterprises" in rule 11(2) of the Companies (Meetings of Board and its Powers) Rules, 2014, thereby narrowing the provision's described financing activity; it is made under the Companies Act and takes effect on publication in the Official Gazette.
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