Central Government notifies Non-Banking Finance Institution activities and Housing Finance activities debt to capital and free reserves ratio shall be 6:1 for government companies - F. No. 01/04/2013 CL-V (Pt-II) - Companies Law
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Debt-to-capital ratio prescribed for government companies carrying out non-banking finance and housing finance activities under Companies Act notification Central Government, under the proviso to clause (d) of sub-section (2) of the Companies Act, 2013, notifies that the debt to capital and free reserves ratio shall be six-to-one for government companies carrying on Non-Banking Finance Institution activities and Housing Finance activities, thereby prescribing a statutory leverage limit for those government-owned entities.
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Debt-to-capital ratio prescribed for government companies carrying out non-banking finance and housing finance activities under Companies Act notification
Central Government, under the proviso to clause (d) of sub-section (2) of the Companies Act, 2013, notifies that the debt to capital and free reserves ratio shall be six-to-one for government companies carrying on Non-Banking Finance Institution activities and Housing Finance activities, thereby prescribing a statutory leverage limit for those government-owned entities.
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