Section 4A of the Companies Act, 1956 - Public Financial Institutions - Guidelines for declaring financial institution as Public Financial

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 2-6-2011 Section 4A of the Companies Act, 1956 was inserted by the Companies (Amendment) Act, 1974 (41 of 1974) with effect from 1st February, 1975 sub-section (2) of section 4A of the Act empowers the Central Government that subject to the provision of sub-section (1) of the Act, to notify in the Official Gazette such other institutions as it may think fit to be a public financial instit .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... usand crore; (e)Company is registered as Infrastructure Finance Company (IFC) with RBI or as an Housing Finance Company (HFC) with National Housing Bank; (f) In the case of CPSUs/SPSUs, no restriction shall apply with respect to financing specific sector(s) and net-worth. 3. In view of above, any financial institution applying for declaration as PFI shall fulfil the aforesaid cri .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X