The Public Companies (Terms of Issue of Debentures & raising of loans etc) Amendment Rules

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..... - - - - - - - - - Ministry of Finance and Company Affairs (Department of Company Affairs) NOTIFICATION New Delhi, the 1st, April, 2003 Subject:- The Public Companies (Terms of Issue of Debentures raising of loans etc) Amendment Rules G.S.R. 275 (E).- In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 read with sub-section (3) o .....

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..... e following shall be inserted, namely :- (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; (ii) in rule 3, in sub-rule (b), after the words "a public financial institution", the words "or a scheduled bank", shall be inserted; ( .....

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