Central Government notifies Non-Banking Finance Institution activities and Housing Finance activities debt to capital and free reserves ratio shall be 6:1 for government companies - F. No. 01/04/2013 CL-V (Pt-II) - Companies Law

Government of India Ministry of Corporate Affairs Order New Delhi, 10 th March, 2016 S.O. 702(E). - In exercise of the powers conferred under the proviso to clause (d) of sub-section (2) of section 68 of the Companies Act, 2013 (18 of 2013) (Act), the Central Government hereby notifies that the debt to capital and free reserves ratio shall be 6:1 for government companies within the meaning of clause (45) of section 2 of the Companies Act, 2013 which carry on Non-Banking Finance Institution activities and Housing Finance activities. [F. No. 01/04/2013 CL-V (Pt-II)] (Amardeep Singh Bhatia) Joint Secretary to the Government of India