Rule 2 - Definitions. - Public Companies (Terms of Issue of Debentures and of Raising of Loans with Option to Convert such Debentures or Loans into Shares) Rules, 1977

Definitions. 02. In these rules, unless the context otherwise requires, (a) "Act" means the Companies Act, 1956 (1 of 1956); (b) "public financial institution" means (i) any of the financial institutions specified in sub-section (1) of section 4A of the Act; [1] [(ii) any of the other institutions specified by the Central Government to be public financial institutions under sub-section (2) of the said section 4A.] [2] [(c) "scheduled bank" means a bank included in the Second Schedule to the Reserve Bank of India Act, 1934, but does not include co-operative banks, regional rural banks and foreign banks.] ----------------------------------- Notes:- [1] Substituted by GSR 623, dated 8-5-1978, w.e.f. 13-5-1978. [2] Inserted by Notification No. GSR 275(E), dated 1-4-2003, w.e.f. 1-4-2003.