RULES OF LAW

In exercise of the powers conferred under the proviso to clause (d) of sub-section (2) of section 68 of the Companies Act, 2013, the Central Government has notified via order dated 10th March,2106 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.

Central Government has amended rule 17 of Companies (Share Capital and Debentures) Rules, 2014 via notification dated 10th March, 2016 and inserted following proviso in rule 17, in sub-rule (1), in clause (n), after sub-clause (iii): "Provided that where the audited accounts are more than six months old, the calculations with reference to buy back shall be on the basis of un-audited accounts not older than six months from the date of offer document which are subjected to limited review by the auditors of the company". http://www.mca.gov.in/Ministry/pdf/Notification_11032016.pdf  

Central government w.e.f 26.01.2016 has amended rule 8, rule 9 and rule 36 of Companies (Incorporation) Rules, 2014 and substituted the existing eform INC-1 with new eForm INC-1. http://mca.gov.in/Ministry/pdf/Amendement_Rules_22012016.pdf