Public Financial Institution designation expands to include specified state finance corporations, extending PFI status and regulatory coverage. Central Government specifies Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited and Kerala Power Finance Corporation Limited as public financial institutions by adding them to the 1978 notification, thereby subjecting those entities to the legal status and regulatory framework applicable to public financial institutions under the Companies Act.
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Provisions expressly mentioned in the judgment/order text.
Public Financial Institution designation expands to include specified state finance corporations, extending PFI status and regulatory coverage.
Central Government specifies Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited and Kerala Power Finance Corporation Limited as public financial institutions by adding them to the 1978 notification, thereby subjecting those entities to the legal status and regulatory framework applicable to public financial institutions under the Companies Act.
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