Exemption of financial companies narrows Section 58A applicability while preserving advertisement obligations under the Act.
The notification exempts all classes of financial companies from the application of section 58A of the Companies Act, except for the advertisement provisions in clause (b) of sub section (2); it defines "financial company" as a non banking company that is a financial institution under the relevant Reserve Bank statutory provision and implements the exemption by formal government notification following regulatory consultation.

Non application of section 372: financing companies with state special advances exempted from that statutory restriction.
The Central Government directs that section 372 of the Companies Act, 1956 shall not apply to companies formed with the principal object of financing where a State Government has made, or agreed to make, a special advance to enable the company to make loans or advances to, or subscribe to the capital of, private industries or enterprises.