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Corporate Laws Central Ministry of Corporate Affairs Companies Act, 2013

Companies (Meetings of Board and its Powers) Amendment Rules, 2025

03-Nov-2025 | G.S.R. 811(E)

MCA has notified the Companies (Meetings of Board and its Powers) Amendment Rules, 2025, effective from 03rd November 2025.

Through this notification, Rule 11(2) has been substituted, which defines the "business of financing industrial enterprises" for Section 186(11)(a).
For a Non-Banking Financial Company registered with the Reserve Bank of India, the definition includes giving loans or providing a guarantee or security for loan repayment in the normal course of business. For a Finance Company registered with the International Financial Services Centres Authority, it includes the activities and services as given in IFSCA (Finance Company) Regulations, 2021, in the normal course of business.

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