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of <h1>Central Government Designates Key Institutions as Public Financial Entities Under Companies Act, 1956</h1> The Central Government, exercising its authority under the Companies Act, 1956, has designated several institutions as public financial institutions. These include the Industrial Reconstruction Corporation of India, General Insurance Corporation of India, National Insurance Company Limited, New India Assurance Company Limited, and several state financial corporations, among others. The list also includes specialized entities like the National Housing Bank, Small Industries Development Bank of India, Power Finance Corporation Limited, and the Export-Import Bank of India. This designation allows these institutions to perform certain functions and avail benefits under the Companies Act. The notification has been amended multiple times since its original issuance in 1978.
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