As per the request made by International Financial Services Centres Authority (IFSCA) to the Ministry of Corporate Affairs (MCA), it is proposed to amend Rule 11(2) of Companies (Meetings of Board and its Powers) Rules, 2014 to include ‘Finance Companies’ registered with IFSCA within the scope of such rule 11(2), so that relaxation available with NBFCs registered with RBI is available to such Finance Companies also. The comments/ suggestions are invited from stakeholders.
(Link: MCA Public Notice Dated 26/06/2025, Draft Notification)