Definitions In this Act, unless the context otherwise requires,— (1) “abridged prospectus” means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulations in this behalf; **(2) “accounting standards” means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133; (3)

Activities which may be included by companies in their Corporate Social Responsibility Policies Activities relating (i) Eradicating hunger, poverty and malnutrition, 2[“promoting health care including preventinve health care”] and sanitation 4[including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation] and making available safe drinking water. (ii) promoting education, including special

infrastructural projects The term “infrastructural projects” or “infrastructural facilities” includes the following projects or activities:— (1) Transportation (including inter modal transportation), includes the following:— (a) roads, national highways, state highways, major district roads, other district roads and village roads, including toll roads, bridges, highways, road transport providers and other road-related services; (b) rail system, rail

Appointments No person shall be eligible for appointment as a managing or whole-time director or a manager (hereinafter referred to as managerial person) of a company unless he satisfies the following conditions, namely: — (a) he had not been sentenced to imprisonment for any period, or to a fine exceeding one thousand rupees, for the conviction of an offence under any

Code for Independent Directors The Code is a guide to professional conduct for independent Directors. Adherence to these standards by independent Directors and fulfilment of their responsibilities in a professional and faithful manner will promote confidence of the investment community, particularly minority shareholders, regulators and companies in the institution of independent Directors. Guidelines of professional conduct: An independent director shall: (1)

Financial Statements for a Non-Banking Financial Company (NBFC) whose financial statements are drawn up in compliance of the Companies General Insturctions for Preparation of Financial Statements of A Non- Banking Financial Company (NBFC) That is Required to Comply With Indian ACCOUNTING STANDARDS (Ind AS) Every Non-Banking Financial company as defined in the Companies (Indian Accounting Standards) (Amendment) Rules,