Government of India
Ministry of Corporate Affairs
New Delhi, 10th 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
A copy of the Order is available here. http://www.mca.gov.in/Ministry/pdf/Order_11032016.pdf