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 ... Summary
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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