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Debt to Capital & Free Reserves Ratio (6:1) for NBFC and Housing Finance

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

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