Amendment of Private Limited Company and Unlisted Public Company (Buy back of Securities) Rules - G.S.R.348(E) - Companies Law

PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3 SUB-SECTION (i) DATED 23.04.2003 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - MINISTRY OF FINANCE AND COMPANY AFFAIRS (Department of Company Affairs) NOTIFICATION New Delhi, dated 23rd April, 2003 Subject:- Amendment of Private Limited Company and Unlisted Public Company (Buy back of Securities) Rules G.S.R.348(E).- In exercise of the powers conferred by section 77A of the Companies Act, 1956 (1 of 1956 ) read with sub-section (1) of section 642 of the said Act, the Central Government hereby makes the following rules further to amend the Private Limited Company and Unlisted Public Limited Company (Buy-back of Securities) Rules, 1999, namely:- 1. (1) These rules may be called the Private Limited Company and Unlisted Public Limited Company (Buy-back of Securities) Amendment Rules, 2003. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Private Limited Company and Unlisted Public Limited Company ( Buy-back of Securities) Rules, 1999, in Schedule-II, after clause (xx), the following clause shall be inserted, namely :- " (xxi) The debt equity ratio for Housing Finance Companies, as may be specified by the National Housing Bank being the regulator in consultation with the Central Government." [F.No. 3/6/2002-CL.V] RAJIV MEHRISHI Joint Secretary Foot-note:- The principal rules were published in the Gazette of India vide number G.S.R. 502 (E) dated 6.7.1999 and further amended vide:- 1. G.S.R. 216(E) dated 02.03.2000.