MCA has notified Companies (Meetings of Board and its Powers) Amendment Rules, 2025 in June 2025 which shall come into effect from the date of publication in the Official Gazette. The amendment pertains to Rule 11 wherein sub-rule (2):

 

(a) for the words “shall include”, the words, brackets and number “shall include – (i)”, shall be substituted; 

 

(b) after the words “ordinary course of its business”, the words, brackets and number “and (ii)- with regard to a Finance Company registered with the International Financial Services Centres Authority, “business of carrying out activity of lending in the form of loans, commitments and guarantees, credit enhancement, securitisation, financial lease, and sale and purchase of portfolios as specified in sub-clause (a), or carrying out activity of Global or Regional Corporate Treasury Centre as specified in sub-clause (e) of clause (ii) of subregulation (1) of regulation 5 of IFSCA (Finance Company) Regulations, 2021 in the ordinary course of its business” shall be inserted.