Updates under MCA as on 14th October 2019

These rules may be called the Companies (Meetings of Board and its Powers) Amendment Rules, 2019.

They shall come into force on the date of their publication in the Official Gazette.

Rule No Companies (Meeting of Board and its Power) Rules 2014 Companies (Meeting of Board and its Power) Rules 2019 Comments Rule 11 sub-rule (2) purposes of clause (a) of sub-section (11) of section 186, the expression \"business of financing of companies\" shall include, with regard to a Non-Banking Financial Company registered with Reserve Bank of India, \"business of giving of any loan to a person or providing any guaranty or security for due repayment of any loan availed by any person in the ordinary course of its business\". purposes of clause (a) of sub-section (11) of section 186, the expression \"business of financing industrial enterprises\" shall include, with regard to a Non-Banking Financial Company registered with Reserve Bank of India, \"business of giving of any loan to a person or providing any guaranty or security for due repayment of any loan availed by any person in the ordinary course of its business\". The words \"business of financing of companies\", the words \"business of financing industrial enterprises\" shall be substituted.