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of <h1>Amendment to Buy-back Rules: Debt-Equity Ratio for Housing Finance Companies Set by National Housing Bank, per Section 77A.</h1> The Ministry of Finance and Company Affairs has amended the Private Limited Company and Unlisted Public Company (Buy-back of Securities) Rules, 1999, under the authority of section 77A of the Companies Act, 1956. The amendment, effective from its publication date in the Official Gazette, introduces a new clause in Schedule-II. This clause specifies that the debt-equity ratio for Housing Finance Companies will be determined by the National Housing Bank in consultation with the Central Government. The amendment is part of ongoing updates to the original rules published in 1999 and previously amended in 2000.
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