Company definition expansion under Company Law Board Regulations broadens coverage to include non-banking financial and foreign companies. Regulations amend the Company Law Board Regulations, 1991 by expanding the definition of company to include non banking financial companies and foreign companies, and by incorporating references to the Reserve Bank of India Act into definitional and procedural provisions. Procedural changes substitute and omit specified section references, replace a regulation governing deposit applications with a requirement to use a designated form in duplicate, omit another regulation, and update Annexures II and III to substitute statutory citations, modify form wording, and remove certain entries.
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Company definition expansion under Company Law Board Regulations broadens coverage to include non-banking financial and foreign companies.
Regulations amend the Company Law Board Regulations, 1991 by expanding the definition of company to include non banking financial companies and foreign companies, and by incorporating references to the Reserve Bank of India Act into definitional and procedural provisions. Procedural changes substitute and omit specified section references, replace a regulation governing deposit applications with a requirement to use a designated form in duplicate, omit another regulation, and update Annexures II and III to substitute statutory citations, modify form wording, and remove certain entries.
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