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)],
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.