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Order under the proviso to the clause(d) of sub-section (2) of section 68 of the Companies Act, 2013

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (ii)]

Government of India

Ministry of Corporate Affairs

Order

New Delhi, 10th March, 2016

S.O……(E).- In Exercise of the power conferred Under the proviso to the 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 reserve 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

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