MCA UPDATE
Order under section 68(2)(d) of the Companies Act 2013
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 has notified 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.
