Govt. notifies debt to capital and free reserves ratio for Govt. NBFC & Housing Finance Companies

Government of India

Ministry of Corporate Affairs

Order

New Delhi, 10^th March, 2016

S.O   (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