MCA:Rule 11(2) of the Companies (Meetings of Board and its Powers) Rules, 2014 amended to clarify that the term “business of financing industrial enterprises” (12.11.2025)

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Rule 11(2) of the Companies (Meetings of Board and its Powers) Rules, 2014 amended to clarify that the term “business of financing industrial enterprises” includes –

  1. For NBFCs (RBI-registered): giving loans or providing guarantees/security in the ordinary course of business.
  2. For Finance Companies (IFSCA-registered): activities under Regulation 5(1)(ii)(a) or (e) of the IFSCA (Finance Company) Regulations, 2021 in the ordinary course of business.

MCA Notification (G.S.R. 811(E), dated 3 Nov 2025)