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Companies (Meetings of Board & its Powers) Amendment Rules 2019

Ministry of Corporate Affairs (MCA) Notification dated 11th October, 2019 (Date of its publication in the Official Gazette: 11th October, 2019).—

G.S.R. 777(E).—In exercise of the powers conferred by sections 173, 177, 178 and section 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, 2019.
(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, in sub-rule (2), for the words “business of financing of companies”, the words “business of financing industrial enterprises” shall be substituted.

Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 240(E), dated the 31st March, 2014 and subsequently amended as follows:—
1. G.S.R. 398(E), dated the 12th June, 2014;
2. G.S.R. 590(E), dated the 14th August, 2014;
3. G.S.R. 206(E), dated the 18th March, 2015;
4. G.S.R. 971(E), dated the 14th December, 2015;
5. G.S.R. 309(E), dated the 30th March, 2017;
6. G.S.R. 880(E), dated the 13th July, 2017; and
7. G.S.R. 429(E), dated the 7th May, 2018.

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