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    <title>Exemption – All classes of financial companies specified to which provisions of the section are not applicable</title>
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    <description>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 &quot;financial company&quot; 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.</description>
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      <description>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 &quot;financial company&quot; 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.</description>
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