The Ministry of Corporate Affairs issued the Companies (Meetings of Board and its Powers) Amendment Rules, 2025, effective November 3, 2025, clarifying the term “business of financing industrial enterprises” under Section 186(11)(a) of the Companies Act, 2013. The amendment explicitly exempts RBI-registered NBFCs and IFSC-registered Finance Companies from Section 186 restrictions when giving loans, guarantees, or securities in their ordinary course of business. This means these financial institutions no longer require special resolutions or board approvals for their core lending activities, which were previously subject to restrictive provisions. The notification significantly reduces regulatory friction and compliance burdens, improving ease of doing business for the financial services sector.