ClarificationHigh ImpactCOMPANIES_ACT_2013
Official PDF (p. 4)COMPANIES_ACT_2013 · Section 186 / Rule 11(2)
Clarification on 'Business of Financing Industrial Enterprises' for Section 186 Exemptions
Applicable from 2026-06
Attempt Applicability
2026-06:Applies
2026-12:Applies
Statutory Comparison
Prior PositionPre-amendment
Ambiguity existed over whether NBFC and IFSC financing activities were eligible for Section 186 exemptions.
New PositionAmended
Rule 11(2) substituted to expressly include financing by NBFCs, guarantees in ordinary course of business, and operations in International Financial Services Centres (IFSCs).
Affected Syllabus Chapters
business-laws-and-ethics
companies-act-2013
Code: companies-act-2013
Authority Document Reference
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