[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
