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Declaration of solvency requires specific buy back filings and regulator specified debt equity limits for housing finance companies. Rule 5C requires a declaration of solvency to be filed in Form 4A, maintenance of a register of securities bought back in Form 4B, and filing of the buy back return in Form 4C; it also provides that the debt equity ratio for listed housing finance companies will be specified by the National Housing Bank in consultation with the Central Government.
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Provisions expressly mentioned in the judgment/order text.
Declaration of solvency requires specific buy back filings and regulator specified debt equity limits for housing finance companies.
Rule 5C requires a declaration of solvency to be filed in Form 4A, maintenance of a register of securities bought back in Form 4B, and filing of the buy back return in Form 4C; it also provides that the debt equity ratio for listed housing finance companies will be specified by the National Housing Bank in consultation with the Central Government.
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