What does PFls mean? What is the full form of PFls?

The full form of PFls is Public Financial Institutions

public financial institution means a public financial institution specified under section 4A of the Companies Act, 1956 (1 of 1956) and includes a State Financial, Industrial or Investment Corporation;

Public financial institutions play a very vital role in our economy. It is also known as lending institutions and development banks. These institutions were set up to provide financial assistance to industries as well as individuals because commercial banks were not enough to do so. Assisting individuals these institutions are focusing more on providing financial assistance to industrial units to empower them. Companies Act, 1956 was upgraded by the Companies Act, 2013. But some of the provisions of the old Act remained the same.

PFLS

means

Public Financial Institutions

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What does PFLS mean? What is the full form of PFLS?

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