Companies (Meetings of Board and its Powers) Amendment Rules, 2025 - Amends Rule 11 - Loan and investment by a company under section 186 of the Act - G.S.R. 811(E) - Companies Law
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Companies amendment defines financing business to include NBFC and IFSC finance company lending and guarantees in ordinary course. Amendment defines business of financing industrial enterprises for rule 11: for NBFCs it includes giving loans or providing guarantees or security for loan repayment in the ordinary course of business; for IFSC-registered Finance Companies it includes the lending and related activities specified in the Finance Company Regulations when undertaken in the ordinary course of business.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Companies amendment defines financing business to include NBFC and IFSC finance company lending and guarantees in ordinary course.
Amendment defines business of financing industrial enterprises for rule 11: for NBFCs it includes giving loans or providing guarantees or security for loan repayment in the ordinary course of business; for IFSC-registered Finance Companies it includes the lending and related activities specified in the Finance Company Regulations when undertaken in the ordinary course of business.
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