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REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-06112025-267408
EXTRAORDINARY
PART II-Section 3-Sub-section (i)
PUBLISHED BY AUTHORITY
No. 725]
NEW DELHI, MONDAY, NOVEMBER 3, 2025/KARTIKA 12, 1947
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 3rd November, 2025
G.S.R. 811(E).— In exercise of the powers conferred by sections 173, 177, 178 and 186 read
with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the
following rules further to amend the Companies (Meetings of Board and its Powers) Rules, 2014,
namely:
1. (1) These rules may be called the Companies (Meetings of Board and its Powers) Amendment
Rules, 2025.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies (Meetings of Board and its Powers) Rules, 2014, in rule 11, for sub-rule (2), the
following sub-rule shall be substituted, namely:
'(2) For the purposes of clause (a) of sub-section (11) of section 186 of the Act, the expression “business
of financing industrial enterprises” shall include
(i) with regard to a Non-Banking Financial Company registered with the 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"; and
(ii) with regard to a Finance Company registered with the International Financial Services Centres
Authority, "activities as provided in sub-clause (a), or sub-clause (e) of clause (ii) of sub-regulation
(1) of regulation 5 of the International Financial Services Centres Authority (Finance Company)
Regulations, 2021 in the ordinary course of its business"."
[F.No. 1/32/2013-CL-V-Part]
BALAMURUGAN D., Jt. Secy.
Note: The Companies (Meetings of Board and its Powers) Rules, 2014 were published in the Gazette of
India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 240(E), dated the 31st March,
2014 and were last amended, vide notification number G.S.R. 409(E), dated the 15th June, 2021.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
AMIT KUMAR
JAISWAL
Digitally signed by AMIT KUMAR
JAISWAL
Date: 2025.11.06 17:01:19 +05/30