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April 2011

General exemption under Section 211 for public financial institutions (PFIs).

By Sejal Vasa, Company Secretary
Reading Time 1 mins
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The Central Government has issued a press release informing that a general exemption has been given to the PFIs from certain disclosures concerning investments, as required in part-I of the Schedule VI

However, this exemption is subject to fulfilment of certain conditions and PFIs will need to give disclosures required in the release. Please visit MCA website for complete text of the press release:

http://www.mca.gov.in/Ministry/press/press/Press_ Note_No.5_08feb2011.pdf

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General exemption under section 211 for companies