**Summary of Ministry of Corporate Affairs Notification S.O. 3140(E)**
**Notification Overview**
The Ministry of Corporate Affairs (MCA), Government of India, issued a notification under the Gazette of India Extraordinary (Part II—Section 3—Sub-section (ii)) on June 16, 2026. The notification, registered under No. D. L.-33004/99 and designated as S.O. 3140(E), specifies the status of the New Development Bank under Indian corporate law.
**Legal Framework and Specification**
In exercise of the powers conferred by sub-clause (ii) of clause (11) of section 2 of the Companies Act, 2013 (18 of 2013), the Central Government has officially specified the **New Development Bank** for the purposes of the said sub-clause. This specification includes the bank as established under its original agreement, its Annexe, and any subsequent amendments.
**Background of the Institution**
The New Development Bank was established through an international agreement signed on July 15, 2014, in Fortaleza, Brazil. The founding member governments include:
* The Federative Republic of Brazil
* The Russian Federation
* The Republic of India
* The People's Republic of China
* The Republic of South Africa
**Administrative Details**
* **Notification Date:** June 16, 2026
* **Place of Issue:** New Delhi
* **File Reference:** F. No. Policy-17/60/2026-CL-V-MCA
* **Signatory:** Balamurugan D., Joint Secretary
* **Gazette Number:** No. 3019
* **Publication Authority:** Published by the Controller of Publications, Delhi-110054, and uploaded by the Directorate of Printing at the Government of India Press, Mayapuri, New Delhi.
Key Entities Referenced
New Development Bank: An international financial institution established by the BRICS nations, officially specified in this notification for the purposes of the Companies Act, 2013.
Companies Act, 2013: The primary Indian legislation governing corporate entities, under which the Central Government exercised its powers to specify the bank.
Section 2(11)(ii) of the Companies Act, 2013: The specific legal provision that empowers the Central Government to specify certain entities for inclusion within the scope of the Act’s definitions.
Ministry of Corporate Affairs: The primary regulatory ministry that issued this notification to define the legal standing of the New Development Bank under Indian corporate law.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-17062026-273519
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3019] नई दिल्ली, मगं लवार, िनू 16, 2026/ज् र्ष्े ठ 26, 1948 25/आषाढ़ 3, 1947
No. 3019] NEW DELHI, TUESDAY, JUNE 16, 2026/JYAISTHA 26, 1948 SHADHA 3, 1947
कारपोरेट कार् यमत्रं ालर्
अजधसचू ना
नई दिल्ली, 16 िून, 2026
का.आ. 3140(अ). —केंद्रीर् सरकार, कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 2 के खंड (11) के
उप-खंड (ii) द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, उि उप-खंड के प्रर्ोिनों के जलए, ब्राजील संघीर् गणराज्र्, रूसी
संघ, भारत गणराज्र्, चीन िनवािी गणराज्र् और िजिण अफ्रीका गणराज्र् की सरकारों के बीच 15 िुलाई, 2014 को
फोटायलेिा, ब्राजील म ें हस्ट्तािररत करार, उसके अनुबंध सजहत, तथा उसमें दकए गए दकन्हीं संिोधनों के अधीन स्ट्थाजपत न्र् ू
डेवलपमेंट बैंक को जवजनर्ियष्ट करती ह।ै
[फा.सं. नीजत-17/60/2026-सीएल-V-एमसीए]
बालामुरुगन डी., संर्िु सजचव
4379 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 16th June, 2026
S.O. 3140(E).—In exercise of the powers conferred by sub-clause (ii) of clause (11) of section 2 of the
Companies Act, 2013 (18 of 2013), the Central Government hereby specifies, for the purposes of the said sub-clause,
the New Development Bank, established under an agreement including its Annexe amongst the Governments of
Federative Republic of Brazil, the Russian Federation, the Republic of India, the People's Republic of China and the
Republic of South Africa signed on 15th July, 2014 at the city of Fortaleza, Brazil and any amendment thereto.
[F. No. Policy-17/60/2026-CL-V-MCA]
BALAMURUGAN D., Jt. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.