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. 702(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