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Amendment of Pvt Limited Company and Unlisted Public Company (Buy back of Securities) Rules

MINISTRY OF FINANCE AND COMPANY AFFAIRS

( Department of Company Affairs )

NOTIFICATION

New Delhi, dated 23rd April, 2003

G.S.R.348(E).- In exercise of the powers conferred by section 77A of the Companies Act, 1956 (1 of 1956) read with sub-section (1) of section 642 of the said Act, the Central Government hereby makes the following rules further to amend the Private Limited Company and Unlisted Public Limited Company (Buy-back of  Securities) Rules, 1999, namely:-

1. (1) These rules may be called the Private Limited Company and Unlisted Public Limited Company (Buy-back of Securities) Amendment Rules, 2003.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Private Limited Company and Unlisted Public Limited Company ( Buy-back of Securities) Rules, 1999, in Schedule-II, after clause (xx), the following clause shall be inserted, namely :-

“(xxi) The debt equity ratio for Housing Finance Companies, as may be specified by the National Housing Bank being the regulator in consultation with the Central Government.”

[F.No. 3/6/2002-CL.V]

RAJIV  MEHRISHI

Joint Secretary

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