Govt notify debt to capital and free reserves ratio for Govt NBFC

By | March 13, 2016
(Last Updated On: March 13, 2016)

SECTION 68 OF THE COMPANIES ACT, 2013 

POWER OF COMPANY TO PURCHASE ITS OWN SECURITIES 

NOTIFIED DEBT TO CAPITAL AND FREE RESERVES RATIO FOR GOVERNMENT COMPANIES WHICH CARRY ON NON-BANKING FINANCE INSTITUTION ACTIVITIES AND HOUSING FINANCE ACTIVITIES

ORDER [F.NO.01/04/2013 CL-V(PT-II)],

DATED 10-3-2016

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.

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